Fixed Price IPO | ₹8 Cr | Listed at BSE, NSE | Wed, Dec 22, 2004 - Fri, Dec 31, 2004
Impex Ferro Tech IPO is a fixed issue price of ₹8.00 crores. The issue is entirely a fresh issue of 0.80 crore shares of ₹8.00 crore.
Impex Ferro Tech IPO bidding started from Dec 22, 2004 and ended on Dec 31, 2004. The shares got listed on NSE and BSE on Feb 3, 2005.
Impex Ferro Tech IPO is set final issue price at ₹10 per share.
Ashika Capital Ltd. is the book running lead manager and Maheshwari Datamatics Pvt.Ltd. is the registrar of the issue.
Refer to Impex Ferro Tech IPO DRHP for detailed Information.
IPO Open
Wed, Dec 22, 2004
IPO Close
Fri, Dec 31, 2004
Issue Price
₹10 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 22 to 31 Dec, 2004 |
| Listed on | Thu, Feb 3, 2005 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 80,00,000 shares (agg. up to ₹8 Cr) |
| Fresh Issue | 80,00,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,50,00,000 shares |
| BSE Script Code / NSE Symbol | 532614 / IMPEXFERRO |
| ISIN | INE691G01015 |
Impex Ferro Tech IPO comprises a total issue size of 80,00,000 shares. Out of which, 40,00,000 (50.00%) allocated to NII 40,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| NII (HNI) Shares Offered | 40,00,000 | 50.00% |
| Retail Shares Offered | 40,00,000 | 50.00% |
| Total Shares Offered | 80,00,000 | 100.00% |
Incorporated in June 1995, Impex Ferro Tech Ltd. was established to set up a plant to manufacture Silico Manganese and Ferro Manganese.
In the year 1997-98, the company set up two submerged arc furnaces with capacities of 3.60 MVA & 5 MVA for manufacturing Silico Manganese and Ferro Manganese, respectively, at Kalyaneswary, West Bengal.
The company further expanded in the year 2000-01, when the third furnace, rated at 7.50 MVA, was installed, and it commenced production in April 2002. and the same commenced production in April 2002.
Encouraged by the market and the acceptance for its products and the growing demand for ferro alloys by the consuming industry, both in the domestic and export market, the company went for further expansion by putting up a fourth submerged arc furnace of 8.25 MVA for manufacturing HC Silico Manganese and commissioned the same in the year 2004.
Encouraged further by the buoyant demand for the company’s products, the company undertook another round of expansion in the year 2008-09 by commissioning its 5th submerged electric arc furnace with a capacity of 7.5 MVA for manufacturing Ferro Manganese.
The company has been awarded the ISO 9001:2000 certification for the manufacture and supply of various ferroalloys, including ferro-manganese, silico-manganese, and ferrochrome.
| Period Ended | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Assets | 63.02 | 52.63 | 48.09 |
| Total Income | 74.01 | 67.78 | 63.71 |
| Profit After Tax | 2.42 | 1.77 | 2.72 |
| NET Worth | 24.33 | 19.11 | 18.86 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To install 8.25 MVA Furnace for manufacturing 13200 ton of high carbon silico manganese and installation of SSM Convertor for producing 6000 TPA of medium carbon ferro manganese. | 13.51 |
| 2 | Repayment of unsecured loans | 2.25 |
| 3 | To meet the expenses of the Issue | 0.50 |
| Total | 16.26 |
| KPI | Mar 31, 2004 |
|---|---|
| RoNW | 9.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 84.86% | 57.7% |
The Impex Ferro Tech IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 29.87 | 80,00,000 | 23,89,65,000 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Manager, Registrar, legal advisors, auditors, advertising and marketing expenses, stationery & distribution expenses, bank charges and other incidental and miscellaneous expenses. | 0.50 |
| Total | 0.50 |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
Lead Manager Reports
Impex Ferro Tech IPO is a main-board IPO of 80,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .
The IPO opens on Wed, Dec 22, 2004, and closes on Fri, Dec 31, 2004.
Maheshwari Datamatics Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Impex Ferro Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Impex Ferro Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Impex Ferro Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Impex Ferro Tech IPO opens on Wed, Dec 22, 2004 and closes on Fri, Dec 31, 2004.
Impex Ferro Tech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Impex Ferro Tech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Impex Ferro Tech IPO will be done on Tuesday, January 25, 2005, and the allotted shares will be credited to your demat account by . Check the Impex Ferro Tech IPO allotment status.
The Impex Ferro Tech IPO listing date is on Thu, Feb 3, 2005.
