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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.
| 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.
| IPO Date | Feb 16, 2010 to Feb 19, 2010 |
| Listing Date | Wednesday, March 10, 2010 |
| Face Value | ₹10 per share |
| Price | ₹85 to ₹90 per share |
| Lot Size | 75 Shares |
| Issue Size | 5,000,000 shares of ₹10 (aggregating up to ₹45.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The individual promoters of the Company are: 1. Mr. Sanjay Agrawal, aged 45 years, is the Chairman and Managing Director of the Company. |
The Texmo IPO lot size is 75 shares. A retail-individual investor can apply for up to 29 lots (2175 shares or ₹195,750).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹6,750 |
| Retail (Max) | 29 | 2175 | ₹195,750 |
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
The Texmo IPO is subscribed 7.48 times on Feb 19, 2010 5:00:00 PM. The public issue subscribed 7.26 times in the retail category, 1.02 times in the QIB category, and 30.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.02 |
| NII | 30.50 |
| Retail | 7.26 |
| Employee | 0.31 |
| Total | 7.48 |
| Listing Date | Wednesday, March 10, 2010 |
| BSE Script Code | 533164 |
| NSE Symbol | TEXMOPIPES |
| Listing In | B Group of Securities |
| ISIN | INE141K01013 |
| IPO Price | ₹90 per share |
| Face Value | ₹10 per 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
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: texmoipo@karvy.com
Website: https://karisma.kfintech.com/
Texmo IPO is a main-board IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹45.00 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 75 Shares.
The IPO opens on Feb 16, 2010, and closes on Feb 19, 2010.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Texmo IPO opens on Feb 16, 2010 and closes on Feb 19, 2010.
Texmo IPO lot size is 75 Shares and the minimum order quantity is .
You can apply in Texmo 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 Texmo IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Texmo IPO allotment status.
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1st level is Rs95 to Rs100
2nd level is 105 to 110
3rd level is 118 to 122
4th level is 145 to 155
after all these levels the stock may trade at 165 200
so there is nothing to worry and u see the results within 45days