Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Shree Pushkar Chemicals IPO is a book built issue of Rs 70.00 crores.
Shree Pushkar Chemicals IPO bidding started from August 25, 2015 and ended on August 27, 2015. The shares got listed on BSE, NSE on September 10, 2015.
Shree Pushkar Chemicals IPO price band is set at ₹61 to ₹65 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹13,000.
Keynote Financial Services Ltd is the book running lead manager of the Shree Pushkar Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Shree Pushkar Chemicals IPO RHP for detailed information.
| IPO Date | August 25, 2015 to August 27, 2015 |
| Listing Date | September 10, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 10,769,200 shares (aggregating up to ₹70.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Shree Pushkar Chemicals IPO offers 11,475,410 shares. 5,737,705 (50.00%) to QIB, 1,721,311 (15.00%) to NII, 4,016,394 (35.00%) to RII. 20,081 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 3,200 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,737,705 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,721,311 (15.00%) | |
| Retail Shares Offered | 4,016,394 (35.00%) | 20,081 |
| Total Shares Offered | 11,475,410 (100%) |
Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹13,000 |
| Retail (Max) | 15 | 3000 | ₹195,000 |
| Lot Size Calculator | |||
Incorporated in 1993, Shree Pushkar Chemicals & Fertilisers Limited is Mumbai India based manufacturer of widest range of dye intermediates in India with zero waste. Company has a manufacturing facilities located at Lote Parshuram, Maharashtra.
Company is also amongst India's large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles, with an installed capacity of 960 MTPA as on March 31, 2015.
Company manufacture products in 4 major verticals:
1. Dye Intermediates,
2. Acid Complex (comprising sulphuric and its derivative acids),
3. Cattle Feed Supplement and
4. Fertilizers (Single Super Phosphate & Soil Conditioner).
As on Aug 10th 2015, company's Promoter and Promoter Group hold 87.96% while the balance 11.72% is held by IFCI Venture Capital Fund (IEDF). Company have a total workforce of 529 including 10 senior executives, 26 managerial and supervisory staff, 66 office staff, 125 skilled and unskilled workers, 54 contract labourers and 248 casual labourers.
The Issue comprises a Fresh Issue and an Offer for Sale.
Objects of the Offer for Sale
The funds from the Offer for Sale shall be received by the Selling Shareholder and the Company shall not receive any proceeds from the Offer for Sale.
Objects of the Fresh Issue
We intend to utilize the Issue Proceeds for the following objects:
1. Acquisition of an existing factory within MIDC Industrial Area Lote-Parshuram bearing no. B-97
2. Setting up of facilities at B-97 for manufacture of:
i. Reactive Dyes with a capacity of 3,000 TPA
ii. H-Acid with a capacity of 750 TPA
iii. Vinyl Sulphone (VS) Ester with a capacity of 1,000 TPA
3. Setting up of additional effluent treatment plant at the existing facility (Unit I) to make the unit a 'Zero Discharge' unit.
4. Construction of additional Godown(s) at the existing facility (Unit II) for meeting the additional storage requirements for finished goods.
5. General corporate purposes; and
6. To meet the preliminary & pre-operative and Issue expenses.
[Dilip Davda]
As this IPO below is Rs. 250 crore, it will attract "T" tag for the initial listing period that will keep short term investors away from it. However, it appears to be a safe long term bet and investors may consider investment.
Read detail review...The Shree Pushkar Chemicals IPO is subscribed 1.34 times on August 27, 2015 7:00:00 PM. The public issue subscribed 1.54 times in the retail category, 0.97 times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.97 |
| NII | 2.09 |
| Retail | 1.54 |
| Total | 1.34 |
| Listing Date | September 10, 2015 |
| BSE Script Code | 539334 |
| NSE Symbol | SHREEPUSHK |
| ISIN | INE712K01011 |
| Final Issue Price | ₹65 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹65.00 |
| ₹60.00 |
| ₹60.00 |
| ₹63.00 |
| ₹63.00 |
| NSE |
|---|
| ₹65.00 |
| ₹60.05 |
| ₹60.05 |
| ₹63.05 |
| ₹63.05 |
Shree Pushkar Chemicals and Fertilisers Ltd
202, A Wing, Building No. 3,
Rahul Mittal Industrial Estate, Sir M.V. Road,
Andheri (East), Mumbai � 400 059, Maharashtra
Phone: +91 22 4270 2525
Email: cosec@shreepushkar.com
Website: http://www.shreepushkar.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Shree Pushkar Chemicals IPO is a main-board IPO of 10,769,200 equity shares of the face value of ₹10 aggregating up to ₹70.00 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 200 Shares.
The IPO opens on August 25, 2015, and closes on August 27, 2015.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Shree Pushkar Chemicals IPO opens on August 25, 2015 and closes on August 27, 2015.
Shree Pushkar Chemicals IPO lot size is 200 Shares, and the minimum amount required is ₹13,000.
You can apply in Shree Pushkar Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shree Pushkar Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shree Pushkar Chemicals IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (500+ Posts, 200+ Likes)
Shree Pushkar Chemicals & Fertilisers Limited (SPCF), an integrated player in the manufacture of dyes and dye intermediates, has launched new mixed fertiliser in Maharashtra. The company has received a license for manufacture of mixed fertiliser - nitrogen, phosphorus, and potassium (NPK) - in Maharashtra. The mixed fertiliser, branded as Shriram Urja Mix, has been launched under a marketing tie-up with DCM Shriram.
Shree Pushkar Chemicals had commenced commercial operations of a new product under the fertiliser division - mixed fertiliser (NPK) on January 22, 2016 in its existing soil conditioner granulation plant in Lote Parshuram (Maharashtra) with a nominal capacity of 20,000 tonnes per annum.
ALSO READ: Shree Pushkar Chemicals to forward integrate into dyes manufacturing
Over the years, Shree Pushkar Chemicals & Fertilisers, an integrated player in the dye intermediates, has developed a comprehensive business model to utilise all its effluents with expansion into acid complex, cattle feed supplements and fertilisers. SPCF today is one of the few zero waste chemical companies in India.
Shree Pushkar, which completed its IPO process in September 2015 and is currently listed in BSE and NSE, is currently undertaking forward integration of the business into dyestuff and expansion of the dye intermediates division to cater to the new dyestuff plant.
For fertilisers and cattle feed divisions, SPCF has marketing tie ups with DCM Shriram and Shivam Chemicals.