Incorporated in 2008, Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes viz. suction & delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.
The pipes manufactured by Texmo suits the requirements of application in irrigation, agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, and bore / tube well for underground water suction. Texmo Pipes has marketing presence in the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan.
The individual promoters of the Company are:
1. Mr. Sanjay Agrawal, aged 45 years, is the Chairman and Managing Director of the Company.
2. Ms. Rashmidevi Agrawal, aged 42 years is the wife of Mr. Sanjay Agrawal.
| Particulars | For the year/period ended (Rs. in Lakhs) | ||||
| 30-Oct-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 4309.53 | 4702.76 | 5908.09 | 2047.96 | 2248.56 |
| Profit After Tax (PAT) | 336.38 | 432.92 | 426.38 | 40.66 | 58.34 |
The objects of the Issue are to:
1. Expansion of product range;
2. Setting up manufacturing facilities for injection mouldings/fittings and woven sacks;
3. Meeting long term working capital requirements;
4. General corporate purposes; and
5. Issue expenses.
| Issue Open | Feb 16, 2010 - Feb 19, 2010 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5,000,000 Eq Shares of Rs 10 (aggregating up to Rs 45.00 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 85 - Rs 90 Per Equity Share |
| Market Lot | 75 Shares |
| Min Order Quantity | 75 Shares |
| Listing At | BSE, NSE |
CARE has assigned an IPO Grade 2 to Texmo Pipes & Products Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Texmo Pipes & Products Ltd
Check IPO Ratings from other stock analysts.
No. of Times Issue Subscribed (BSE + NSE) | |||||
|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Total |
Shares Offered | 2,450,000 | 735,000 | 1,715,000 | 100,000 | 5,000,000 |
Feb 19, 2010 17:00 | 1.02x | 30.50x | 7.26x | 0.31x | 7.48x |
| Listing Date | Wednesday, March 10, 2010 |
| BSE Script Code | 533164 |
| NSE Symbol | TEXMOPIPES |
| Listing In | B |
| ISIN | INE141K01013 |
| Issue Price | Rs 90 Per Equity Share |
| Face Value | Rs 10 Per Equity Share |
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Texmo Pipes & Products Ltd
Texmo Pipes & Products Ltd,
98, Bahadarpur Road,
Burhanpur- 450 331, Madhya Pradesh
Phone: +91-7325-255122
Email: rjaincs@texmopipe.com
Website: http://www.texmopipe.com
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: texmoipo@karvy.com
Website: https://karisma.karvy.com/
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