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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 Date Feb 16, 2010
IPO Closing Date Feb 19, 2010
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹85 to ₹90 per equity share
Market Lot 75 Shares
Min Order Quantity 75 Shares
Listing At BSE, 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 75 ₹6,750
Maximum 29 2175 ₹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 7.48 times on 2/19/2010 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)

CategorySubscription (times)
QIB1.02
NII30.50
Retail7.26
Employee0.31
Total7.48

Texmo IPO Prospectus

Texmo IPO Rating

134
3.5
Rating:Rated 3.5 stars
Vote Here ...

Texmo IPO Listing Date

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 equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹90.00
₹101.50
₹101.50
₹140.70
₹137.25
NSE
₹90.00
₹92.80
₹92.80
₹139.90
₹137.15

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

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

Texmo IPO Reviews / Ratings

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

Texmo IPO FAQs

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.

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 75 Shares.

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.

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

Texmo IPO Message Board

Ranked Members  Ranked Members

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125 Comments

125. sanjay |Apr 15, 2010 9:47:20 PM
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 6:16:50 PM
Texmo ka allotment kab aayega. Koi to batao
123. assholes |Apr 8, 2010 5:50:41 PM
this pipe co will go inside ur hole if u buy.
122. rajendra patel |Mar 19, 2010 7:00:04 PM
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 11:34:14 AM
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 12:46:48 PM
MY REFUND IS SO LAT
119. SHIV JI SINGH |Mar 10, 2010 8:31:03 PM
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 9:52:39 AM

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 9:48:06 AM
127 ... Up 40 %. Great listing. I have sold everything. Now let us see man infra tomorrow> Cheers.
116. Rama |Mar 10, 2010 9:44:57 AM
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 9:34:16 PM
hey guys it will list around 120....njoy listing
114. KAPILBAGRI |Mar 9, 2010 8:34:30 PM
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 7:20:57 PM
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 7:06:57 PM
TEXMOPIPE-LIST ARROUND RS-110
111.  Akshat Shah |Mar 9, 2010 3:06:24 PM
confirmed news

100% confirm



listing on 10th march 2010
110. Pintu Sujangarh |Mar 9, 2010 12:46:56 PM
It will list around 95 and chances of discount in intraday.
109. virru |Mar 9, 2010 10:38:59 AM
Sell Paral (532606) @ 156 - 154 tgt 146 - 147.5 Intraday
108. AYUSH |Mar 9, 2010 8:57:54 AM
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 5:48:04 PM
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 4:02:03 PM
TEXMOPIPE-LIST ARROUND-RS 110
HOLD ON YOUR DELIVERY TARGET RS-135 ON 5 DAYS