Texmo Pipes & Products Ltd IPO (Texmo IPO) Detail

Feb 16, 2010 - Feb 19, 2010

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.

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.
2. Ms. Rashmidevi Agrawal, aged 42 years is the wife of Mr. Sanjay Agrawal.

Company Financials:

ParticularsFor the year/period ended (Rs. in Lakhs)
30-Oct-0931-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income4309.534702.765908.092047.962248.56
Profit After Tax (PAT)336.38 432.92426.3840.6658.34

Objects of the Issue:

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.

Texmo IPO Details

IPO Opening DateFeb 16, 2010
IPO Closing DateFeb 19, 2010
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹85 to ₹90 per equity share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE
Issue Size5,000,000 Eq Shares of ₹10
(aggregating up to ₹45.00 Cr)

Texmo IPO Lot Size

The Texmo IPO market lot size is 75 shares. A retail-individual investor can apply for up to 29 lots (2175 shares or ₹195,750).

ApplicationLotsSharesAmount (Cut-off)
Minimum175₹6,750
Maximum292175₹195,750

Texmo Pipes & Products Ltd IPO Grading / Rating

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

Texmo IPO Subscription Status (Bidding Detail)

The Texmo IPO is subscribed 7.48x times on Feb 19, 2010 17:00. The public issue subscribed 7.26x in the retail category, 1.02x in the QIB category, and 30.50x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.02x

NII

30.50x

RII

7.26x

Employee

0.31x

Total

7.48x

Texmo IPO Prospectus

Texmo IPO Rating

134
3.5
Rating:Rated 3.5 stars

Vote Here ...

Texmo IPO Listing Date

Listing DateWednesday, March 10, 2010
BSE Script Code533164
NSE SymbolTEXMOPIPES
Listing InB Group of Securities
ISININE141K01013
IPO Price₹90 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹90.00
₹101.50
₹101.50
₹140.70
₹137.25
33,696,269
NSE
₹90.00
₹92.80
₹92.80
₹139.90
₹137.15
40,523,703

Texmo IPO Reviews / Ratings

  • Hem Securities - Avoid
  • SPA Financial Advisor Ltd - Avoid

Company Contact Information

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

Texmo IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: texmoipo@karvy.com
Website: https://karisma.kfintech.com/

Texmo IPO FAQs

  1. What is Texmo IPO?

    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 equity share. The minimum order quantity is 75 Shares.

    The IPO opens on Feb 16, 2010, and closes on Feb 19, 2010.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Texmo IPO will open?

    The Texmo IPO opens on Feb 16, 2010 and closes on Feb 19, 2010.

  3. What is the lot size of Texmo IPO?

    Texmo IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.

  4. How to apply for Texmo IPO?

    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.

  5. When Texmo IPO allotment?

    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.

  6. When is Texmo IPO listing date?

    The Texmo IPO listing date is on Wednesday, March 10, 2010.

Texmo IPO Message Board

Ranked Members  Ranked Members

Loading...
125. sanjay |Apr 15, 2010 20:47
the price has reached at resistance level and ready to bounce with a target price at levels
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
124. Gem IPO Finder |Apr 9, 2010 17:16
Texmo ka allotment kab aayega. Koi to batao
123. assholes |Apr 8, 2010 16:50
this pipe co will go inside ur hole if u buy.
122. rajendra patel |Mar 19, 2010 18:00
hi.......................
sub kahi suni batee hai jo hota hai o opretor ke hat mein hota hai use kaise aur kaha shre ka bhav lana hai o janta hai hum to bus apna deemg lagate rahte hai aur kuch nahi...............good luck
121. IMRAN |Mar 14, 2010 10:34
i am Exit 75+75 Shares @ 152 Happy Investmeant & good luck to all my IPO invester friends for IL&FS PRADIP & PSL IL&FS & PSL IS BETTER PRADIP MEIN THODA KAM PAISA LAGA RAHA HU
120. jyotima |Mar 11, 2010 11:46
MY REFUND IS SO LAT
119. SHIV JI SINGH |Mar 10, 2010 19:31
The stock has gone in the hands of operators at average rate of Rs. 132/- per share (average). Now they will inflate the price in a controlled way for next few days and if price is sufficiently high (160-250 min)and catches the fancy of retail, they will start distribution the same way as Thinksoft. See what happens...
118. praveen |Mar 10, 2010 08:52

Happy with Texmo listing

Allotted 109 shares
Sold 108 for an average of Rs 122
Balance 1 share held for annual report in future

Unexpected gains!!

All the best for Man tomorrow
117. Gangu |Mar 10, 2010 08:48
127 ... Up 40 %. Great listing. I have sold everything. Now let us see man infra tomorrow> Cheers.
116. Rama |Mar 10, 2010 08:44
BE careful with your money. Mostly 10 paisa trades are happening on this kind of IPO's on first day of listing.

Since it is making good profits now, better to exit....
This types ofd third class companies come and goes from the market...

There is nothing special in making PVC pipes.... rememebr this..

Discl: I have not applied in texmo IPO
115. premal rajendra shah |Mar 9, 2010 20:34
hey guys it will list around 120....njoy listing
114. KAPILBAGRI |Mar 9, 2010 19:34
Listing of Equity Shares of Man Infraconstruction Limited (IPO)



In pursuance of Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A, it is hereby notified that the list of securities further admitted to dealings on the National Stock Exchange (Capital Market segment) with effect from March 11, 2010 and the designated security codes thereof shall be as specified in Annexure
113. SJP GLOBAL |Mar 9, 2010 18:20
Basis of allotment is out.
Shares Applied Share Allotment Ratio Number of Shares Allotted
100 4 37 100
200 8 37 100
300 12 37 100
400 16 37 100
500 20 37 100
600 24 37 100
700 28 37 100
800 32 37 100
900 36 37 100
1000 1 1 108
1100 1 1 119
1200 1 1 130
1300 1 1 140
1400 1 1 151
1500 1 1 161

Grey market rate is Rs.10 hence expect listing of Rs. 75+.
112. SJP GLOBAL |Mar 9, 2010 18:06
TEXMOPIPE-LIST ARROUND RS-110
111.  Akshat Shah |Mar 9, 2010 14:06
confirmed news

100% confirm



listing on 10th march 2010
110. Pintu Sujangarh |Mar 9, 2010 11:46
It will list around 95 and chances of discount in intraday.
109. virru |Mar 9, 2010 09:38
Sell Paral (532606) @ 156 - 154 tgt 146 - 147.5 Intraday
108. AYUSH |Mar 9, 2010 07:57
IT WILL LIST BETWEEN 120 TO 139 AND SOLD OUT IN FIRST DAY BY TAKING PROFIT AND AFTER IT WILL FALL TO 40 TO 50 RS
107. Babloo |Mar 8, 2010 16:48
Trading Members of the Exchange are hereby informed that effective from Wednesday, March 10, 2010; the equity shares of Texmo Pipes and Products Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities:
106. SJP GLOBAL |Mar 8, 2010 15:02
TEXMOPIPE-LIST ARROUND-RS 110
HOLD ON YOUR DELIVERY TARGET RS-135 ON 5 DAYS







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