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Somi Conveyor Beltings Limited IPO (Somi Conveyor IPO) Detail

Jun 24, 2008 - Jun 27, 2008

Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries.

The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.

The Company’s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.

Somi Conveyor Beltings Ltd's sister concerns are:

1. Earth Mover Enterprises
2. Oliver Micon Inc.

Company Financials

ParticularsFor the year/period ended (Rs. in lacs)
  31-Mar-0731-Mar-0631-Mar-0531-Mar-0431-Mar-03
  Total Income1548.011205.10747.02364.4297.89
  Profit After Tax (PAT)134.9995.2610.846.330.78

Objects of the Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting up of new manufacturing unit;
2. Purchase of Land and Building for the office premises;
3. Meeting margin money required for the enhanced working capital;
4. To meet the working capital requirement;
5. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
6. General corporate purposes.

Somi Conveyor IPO Details

IPO Date Jun 24, 2008 to Jun 27, 2008
Listing Date Thursday, July 24, 2008
Face Value ₹10 per share
Price ₹35 per share
Lot Size
Issue Size6,227,860 shares of ₹10
(aggregating up to ₹21.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE

Somi Conveyor IPO Prospectus

Somi Conveyor IPO Rating

166
3.6
Rating:Rated 3.6 stars
Vote Here ...

Somi Conveyor IPO Listing Date

Listing Date Thursday, July 24, 2008
BSE Script Code 533001
NSE Symbol SOMICONVEY
Listing In B Group of Securities
ISIN INE323J01019
IPO Price ₹35 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹35.00
₹37.65
₹24.70
₹37.65
₹25.90

Company Contact Information

Somi Conveyor Beltings Limited
4F-15, “Oliver House”,
New Power House Road,
Jodhpur-342001
Phone: + 91-291-2610472
Email: ipo@somiconveyor.com
Website: http://www.somiconveyor.com

Somi Conveyor IPO Registrar

Mondkar Computers Private Limited

Phone: 022 - 2836 6620 / 2825 7641
Email: somi_ipo@mondkarcomputers.com
Website: https://www.unisec.in/

Somi Conveyor IPO Review

Somi Conveyor IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 3
Members 0 0 0

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IPO Broker Recommendations

  • Business Line - Avoid
  • Hem Securities - Avoid
  • Smart Investments Ltd - Apply
  • SPA Financial Advisor Ltd - Avoid

Somi Conveyor IPO FAQs

Somi Conveyor IPO is a main-board IPO of 6,227,860 equity shares of the face value of ₹10 aggregating up to ₹21.80 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .

The IPO opens on Jun 24, 2008, and closes on Jun 27, 2008.

Mondkar Computers Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Somi Conveyor IPO opens on Jun 24, 2008 and closes on Jun 27, 2008.

Somi Conveyor IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Somi Conveyor 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 Somi Conveyor IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Somi Conveyor IPO allotment status.

The Somi Conveyor IPO listing date is on Thursday, July 24, 2008.
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Somi Conveyor IPO Message Board

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114 Comments

114. ajay |   Link |Aug 9, 2009 5:50:39 PM
Dear frendes rnrl pe biswas thoda din ke liye karsakte hu kinyo ki 120 ka bhauw bahuut jald hi dikhane wala hai 15 ya 20 din ke aandar aur ipo pe karo ya na par rnrl pe karo jarur
113. kumar |   Link |Nov 10, 2008 10:43:31 PM
what is the future of this stock?
112. bulls |   Link |Jul 26, 2008 7:20:39 PM
yaar apne log mehnat se paisa kama ke lagate hain taki aaj ke competition ke zamane mein apne ko 2% choote, yahan to vyaj to door ki baat yahan pe to mudu hi kha jate hain.Sale apne log inlogon ki mudi banate hain ye log apni mudi kyun khaaajate hain.
lekinh india ki public gaandi hai phir bhi ye log ipo bharna nahi chhodenge.

agar inlogon ko sabakh sikhana hai to ipo bharna band kardo to inlogon ko bhi malum to pade ke kaise public ke paise khaye jate hai.Sale aisi companies ko public ki haaye hi lagegi na.
111. anil kumar lahoti |   Link |Jul 25, 2008 10:09:23 AM
ek dhokebaz company se yehi umid karsakte hai. i request some foolish person donot give wrong premium or information regarding this type of companies that give huge loss to the investors hard earned money.
110. ShareLive |   Link |Jul 24, 2008 1:40:48 PM
Somi Alloties ...Enjoy 20 % loss and Wait for some more!!!
109. akka |   Link |Jul 24, 2008 12:11:13 PM
dearALL,I think gujjubhai has taken right thing by withdrawing from ..SOMI..ipo.by the way let me tell that it was not just one appli.that was withdrawn ,there were many who have withdrawn.because the ipo was initially subscribed by 2.6 times but after withdrawal it was subscribed by less than ...2.. times.that is why who have appli. max lot has got ..1422..share out of ..2800..applied
108. well wisher |   Link |Jul 24, 2008 12:07:27 PM
sell sell sell. stock will come to 20 rupees tommorrow.
107. rvd |   Link |Jul 24, 2008 11:20:40 AM
will i hold this stock or sale ?
106. kedi |   Link |Jul 23, 2008 11:38:19 PM
Source www.indiainfoline.com

Nu Tek India Ltd
The price band has been fixed at Rs170 and Rs192 per equity share.
Nu Tek India Ltd., a telecom infrastructure services provider offering solutions to both wireless and wireline networks, is entering the capital market on July 29, with an initial public offering (IPO) of 4,500,000 shares of Rs10 each for cash at a price to be determined through a 100% book building process.

The issue comprises a fresh issue of 3,500,000 shares and an offer for sale of 1,000,000 shares by a strategic investor. The price band has been fixed at Rs170 and Rs192 per share. The issue will close on August 1. The issue constitutes 26.07% of the fully diluted post-issue paid up equity share capital of the company.

The company is exploring the overseas markets and a first step has set up subsidiary in Turkey. They have a contract with Ericsson, Dubai to provide services to their operations in Middle East. Further, they are in process of acquiring such companies which are entities to their requirements.
105. guru |   Link |Jul 23, 2008 8:03:30 PM
35 me diya hai. 15 me 1 year ke bad buy back karege
104. prakashipo |   Link |Jul 23, 2008 7:09:25 PM
listing most probably at 39 and would go to 45 and then fall to 35
103. saumil |   Link |Jul 23, 2008 6:37:50 PM
SOMI IPO LISTING IS A 45 RS.
102. ajay |   Link |Jul 23, 2008 6:03:40 PM
somi listing date 24 7 2008
its a confirm date bse annocenment
101. sanjeev |   Link |Jul 23, 2008 5:11:41 PM
any know aboutlisiting . plz tell me
100. ShareLive |   Link |Jul 23, 2008 4:52:35 PM
Somi Conveyor Beltings having issued shares at Rs 35 is likely to list on BSE at around Rs 30. Share may witness momentum post listing and could move to Rs 40 next week.
99. Mukesh |   Link |Jul 23, 2008 2:55:46 PM
Trading members of the exchange are hereby informed that effective from Thursday, July 24, 2008 the equity shares of Somi Conveyor Beltings Limited are listed and admitted to dealings on the Exchange in the list of B Group
98. Garg ankur |   Link |Jul 22, 2008 7:33:48 PM
i want to sold 10 application(1422shares)mb.no.9414259853
bhilwara raj
97. pankit |   Link |Jul 22, 2008 10:44:02 AM
pls give me a information on listing
96. my one broking |   Link |Jul 21, 2008 10:55:12 PM
i wount sell 21*1422= 29822 i have purchase Rs 2 primum if eny one intrest a buy 25000 shar of somi 2+2 rs discount please call me 9376180146
95. raunaq |   Link |Jul 21, 2008 7:22:33 PM
Whatever be the price on listing day get out of this script before 31.7.2008