Texmo Pipes & Products Ltd IPO

[Admin]

Texmo Pipes & Products Ltd
Registered Office:
Phone: 91-7325-255122/252353 Fax: 91-7325-253273
Email: Website: www.texmopipe.com

Issue Opens : 16 Feb 2010

Issue Closes : 19 Feb 2010

Price : Rs. 85 - 90

Listed @ BSE NSE

Registrar
Karvy Computershare Pvt Ltd

Lead Managers
Almondz Global Securities Ltd

Public issue of 50,00,000 equity shares of Rs.10/- each for cash at price of Rs.[*] per equity share aggregating Rs.[*] Crores (TheIssue). The issue comprises a reservation of 1,00,000 equity shares of Rs.10/- each aggregating Rs.[*] Crores for eligible employees (The Employee Reservation Portion), and net issue of 49,00,000 equty shares of Rs.10/- each aggregating Rs.[*] Crores. The issue would constitute 44.37% of the fully diluted post issue paid-up capital of the company.Price band: Rs. 85 to Rs. 90 per equity share of face value of Rs. 10/- each. The issue price is 8.50 times the face value at the lower end of the price band and 9.0 times the fave value at the higher end of the price band.

Objectives of the Issue
Expansion of Product RangeSetting up Manuf. Facil.for Injection MouldingMeeting Long Term Working Capital requirementsGeneral Corporate Purposes

Promoted By
Sanjay AgrawalRashmidevi Agrawal