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Open
22 Nov 2005
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Close
25 Nov 2005
3
Allotment
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Listing
Thu, Dec 15, 2005
Price Band
₹140 to ₹160
Issue Size
56,25,031 shares (agg. up to ₹90 Cr)
Listing Date
Thu, Dec 15, 2005
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 15.58x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 142.42 | 122.64 | 78.18 |
| Total Income | 44.51 | 139.57 | 78.40 |
| Profit After Tax | 5.23 | 14.28 | 2.23 |
| NET Worth | 33.90 | 28.69 | 22.11 |
| Reserves and Surplus | 34.78 | 29.70 | 23.65 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance (including the working capital requirements) the proposed Project consisting of setting up of manufacturing facility for High Pressure Cylinders in Gandhidham | 105.77 |
| 2 | To meet public issue related expenses | |
| Total | 105.77 |
About Everest Kanto Cylinder IPO
Incorporated in 1978, Everest Kanto Cylinder Limited is engaged in the manufacturing of high-pressure seamless gas cylinders used across a wide range of industrial and commercial applications. The company produces cylinders for industrial gases, medical gases, fire-fighting equipment, beverage industry, accumulator shells, aerospace, scientific research, and CNG/NGV applications for vehicles. It also manufactures cylinder cascades along with fittings and accessories for CNG storage and industrial use. The company commenced operations with a manufacturing facility at Aurangabad in collaboration with a Japanese partner, focusing on small-sized cylinders. It later expanded its capabilities by setting up a facility at Tarapur to manufacture larger cylinders, and now offers a wide product range with water capacities up to 280 litres and pressure handling up to 400 bar. Its products are manufactured as per Indian and international standards, with certifications from the Bureau of Indian Standards (BIS) and approvals from the Chief Controller of Explosives, ensuring compliance with safety and quality norms. As of the latest available data, the company had a workforce of 496 employees.+ Re
Contact Details
Everest Kanto Cylinder Ltd. Address501, Raheja Centre214, Free Press Journal MargNariman PointMumbai, Maharashtra, 40002191 22 2285 0777ekc@vsnl.comVisit Website