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.
Punit Makharia and Gautam Makharia are the Promoters of the Company.
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.
IPO Opening Date | Aug 25, 2015 |
IPO Closing Date | Aug 27, 2015 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹61 to ₹65 per equity share |
Market Lot | 200 Shares |
Min Order Quantity | 200 Shares |
Listing At | BSE, NSE |
Issue Size | 10,769,200 Eq Shares of ₹10 (aggregating up to ₹70.00 Cr) |
The Shree Pushkar Chemicals IPO market lot size is 200 shares. A retail-individual investor can apply for up to 15 lots (3000 shares or ₹195,000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 200 | ₹13,000 |
Maximum | 15 | 3000 | ₹195,000 |
The Shree Pushkar Chemicals IPO is subscribed 1.34x times on Aug 27, 2015 19:00. The public issue subscribed 1.54x in the retail category, 0.97x in the QIB category, and 2.09x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 0.97x |
NII | 2.09x |
RII | 1.54x |
Total | 1.34x |
Listing Date | Thursday, September 10, 2015 |
BSE Script Code | 539334 |
NSE Symbol | SHREEPUSHK |
Listing In | T |
ISIN | INE712K01011 |
IPO Price | ₹65 per equity share |
Face Value | ₹10 per equity share |
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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
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 200 Shares.
The IPO opens on Aug 25, 2015, and closes on Aug 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 Aug 25, 2015 and closes on Aug 27, 2015.
Shree Pushkar Chemicals IPO lot size is 200 Shares and the minimum order quantity is 200 Shares.
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, Edelweiss, 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.
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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.