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Open
4 Jun 2007
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Close
7 Jun 2007
3
Allotment
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Listing
Thu, Jun 28, 2007
Price Band
₹17 to ₹19
Issue Size
5,36,84,211 shares (agg. up to ₹102 Cr)
Lot Size
350 Shares
Listing Date
Thu, Jun 28, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 26.25x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Insecticides (India) Ltd. | Mainboard | ₹36.92 Cr | ₹115 | null | ₹109.45 | -4.83% | ₹653.40 (-1.18%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance setting up of a new high performance pigment plant ("HPP") at GIDC Industrial Estate, Vatva, Ahmedabad | 14.52 |
| 2 | New Technical grade Pesticide /Formulation plant at Panoli | 11.42 |
| 3 | Investment in our subsidiary, Meghmani Energy Limited to finance setting up of 3 MW Captive Power Plant at Chharodi | 14.41 |
| 4 | Inorganic growth opportunities/diversification opportunities / general corporate purpose | 19.80 |
| 5 | Financing working capital needs | 34.90 |
| 6 | Issue expenses | 6.95 |
About Meghmani Organics IPO
Incorporated in 1995, Meghmani Organics Limited is in the business of manufacturing pigments and agrochemicals.Meghmani Organics manufacture green and blue pigments used in printing inks, plastics, rubber, paints, textiles, leather and paper industry. A majority of pigments are exported with exports constituted around 85% of Meghmani's pigment business revenue last year.Meghmani Organics also manufacture Agrochemical products including pesticide intermediates, technical grade pesticides and pesticide formulations. Exports constituted about 66% of our revenues of Meghmani's agrochemical revenue last year.+ Read More
Contact Details
Meghmani Organics Ltd. AddressMeghmani Organics LimitedPlot No.184, Phase II, G.I.D.C.VatvaAhmedabad, Gujarat, 382445+ 91 79 25831210ipo@meghmani.comVisit Website