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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

Issue OpenFeb 16, 2010 - Feb 19, 2010
Issue TypeBook Built Issue IPO
Issue Size5,000,000 Eq Shares of ₹10
(aggregating up to ₹45.00 Cr)
Face Value₹10 Per Equity Share
Issue Price₹85 to ₹90 Per Equity Share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE

Texmo IPO Lot Size and Price (Retail)

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

Check IPO Ratings from other stock analysts.

Texmo IPO Subscription Status (Bidding Detail)

Texmo IPO how much subscribed?

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

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
ISININE141K01013
Issue Price₹90 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue 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

SPA Securities - Avoid.
Hem Securities - 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

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/

Texmo IPO FAQs

  1. 1. What is Texmo IPO?

    Texmo IPO is a main-board initial public offering of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹45.00 Crores.

    The issue price of the IPO is ₹85 to ₹90 Per Equity Share. The minimum order quantity is 75 Shares per application and the offer type is Book Built Issue.

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

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

  2. 2. When Texmo IPO will open?

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

  3. 3. How to apply for Texmo IPO?

    Texmo IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Texmo IPO listing date?

    The Texmo IPO listing date is on Wednesday, March 10, 2010, at BSE, NSE.
  6. 6. What is the lot size of Texmo IPO?

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

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Texmo IPO Review / Comments

sanjay
125. sanjay  Apr 15, 2010 21:47
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
Gem IPO Finder
124. Gem IPO Finder  Apr 9, 2010 18:16
Texmo ka allotment kab aayega. Koi to batao
assholes
123. assholes  Apr 8, 2010 17:50
this pipe co will go inside ur hole if u buy.
rajendra patel
122. rajendra patel  Mar 19, 2010 19:00
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
IMRAN
121. IMRAN  Mar 14, 2010 11:34
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
jyotima
120. jyotima  Mar 11, 2010 12:46
MY REFUND IS SO LAT
SHIV JI SINGH
119. SHIV JI SINGH  Mar 10, 2010 20:31
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...
praveen
118. praveen  Mar 10, 2010 09:52

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
Gangu
117. Gangu  Mar 10, 2010 09:48
127 ... Up 40 %. Great listing. I have sold everything. Now let us see man infra tomorrow> Cheers.
Rama
116. Rama  Mar 10, 2010 09:44
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
premal rajendra shah
115. premal rajendra shah  Mar 9, 2010 21:34
hey guys it will list around 120....njoy listing
KAPILBAGRI
114. KAPILBAGRI  Mar 9, 2010 20:34
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
SJP GLOBAL
113. SJP GLOBAL  Mar 9, 2010 19:20
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+.
SJP GLOBAL
112. SJP GLOBAL  Mar 9, 2010 19:06
TEXMOPIPE-LIST ARROUND RS-110
 Akshat Shah
111.  Akshat Shah   Mar 9, 2010 15:06
confirmed news

100% confirm



listing on 10th march 2010
Pintu Sujangarh
110. Pintu Sujangarh  Mar 9, 2010 12:46
It will list around 95 and chances of discount in intraday.
virru
109. virru  Mar 9, 2010 10:38
Sell Paral (532606) @ 156 - 154 tgt 146 - 147.5 Intraday
AYUSH
108. AYUSH  Mar 9, 2010 08:57
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
Babloo
107. Babloo  Mar 8, 2010 17:48
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:
SJP GLOBAL
106. SJP GLOBAL  Mar 8, 2010 16:02
TEXMOPIPE-LIST ARROUND-RS 110
HOLD ON YOUR DELIVERY TARGET RS-135 ON 5 DAYS



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