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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.
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.
| 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 Size | 5,000,000 Eq Shares of ₹10 (aggregating up to ₹45.00 Cr) |
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 |
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 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)
| 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 equity share |
| Face Value | ₹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
KFintech Private 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 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.
Useful Articles
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