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Open
9 Sep 2008
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Close
12 Sep 2008
3
Allotment
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Listing
Mon, Oct 13, 2008
Price Band
₹16 per share
Issue Size
1,54,00,206 shares (agg. up to ₹25 Cr)
Listing Date
Mon, Oct 13, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.70x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up Bio-Diesel Manufacturing Unit | 9.93 |
| 2 | To meet the additional Working Capital requirement on account ofincreased operations for the Agrochemical & Bio Fertilizer division | 9.45 |
| 3 | o repay the short term loan limit of Rs 120.00 lakhs availed of from unionBank of Inida for partially meeting the expenses related to setting up of Biodiesel plant and issue expenses | 1.20 |
| 4 | To partially repay the working capital loan facility availed of from UnionBank of India for meeting the working capital requirements of the agrochemical division. At present the company is availing a limit of Rs 430 lakhsfrom union Bank of India | 2.67 |
| 5 | To meet the public issue expenses | 1.38 |
| 6 | To achieve the benefits of listing the Company’s shares on Bombay StockExchange Limited |
About Chemcel Bio-tech IPO
Incorporated in 1995, Chemcel Biotech Limited is in the business of manufacturing Agro Chemicals. The company’s main products are in three forms, i.e. liquids, granules and dusts. Chemcel Biotech has CIB registrations for 34 products to manufacture pesticides for crops i.e. Paddy, Cotton, Sugarcane, Turmeric, Chillies, Pulses, Vegetable etc.They have 34 products in their product portfolio which consists of different kind of insecticides. Chemcel Biotech manufacture various formulations comprising of liquids, granules and powder formulations. The company's products are available in various sizes of packaging, catering to the needs of small, marginal and large farmers. The company's product range covers most of the crops and the majority of plant infections. They provide end-to-end plant protection solutions to farmers through their distributors. They have the certificate of registration for 34 formulations. The company's largest selling formulations are CHEMCEL HEXA; COUNTER; COSY; CELPHATE”. The company has set up a production unit at Kanuru, Vijayawada, Andhra Pradesh, for the production of a wide range of pesticides which is very close to rice belts of Krishna & Godavari district
Contact Details
Chemcel Bio-tech Ltd. Address16-130/12, JRD Tata Industrial EstateAuto NagarKanuruVijayawada, Andhra Pradesh, 520007+ 91-0866-2540355ipo@chemcelbiotechltd.comVisit Website