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Open
8 Feb 2007
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Close
14 Feb 2007
3
Allotment
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Listing
Wed, Mar 7, 2007
Price Band
₹40 to ₹48
Issue Size
93,11,875 shares (agg. up to ₹45 Cr)
Lot Size
125 Shares
Listing Date
Wed, Mar 7, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 0.94x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of capacity of marble processing at its Greater Noida processing unit | 3.00 |
| 2 | Setting up of a new marble processing unit at Kolkatta | 4.48 |
| 3 | Setting up of a new marble-processing unit at Bangalore | 7.00 |
| 4 | Setting up of a new granite/decorative stones processing unit at Balasore (Orissa) | 9.66 |
| 5 | Acquiring additional mining equipments for granite quarries in Orissa | 2.83 |
| 6 | Setting up of retail marketing outlet at Delhi and installation of equipments at Chennai outlet | 5.83 |
| 7 | Long term working capital requirement | 10.20 |
| 8 | Public Issue expenses | 2.50 |
| 9 | Pre-operative and Preliminary Expenses | 0.80 |
| 10 | Contingency provision | 0.90 |
About Oriental Trimex IPO
Incorporated in 1996, Oriental Trimex Limited is in the business of cutting, polishing and processing of imported marble as well as indigenous marble and trading of granite. The Company has marble processing unit at Greater Noida with a licensed and installed capacity of 12,600 MT per annum.Oriental Trimex imports rough marble blocks from Middle East, South East Asian Countries, Greece, Egypt, Spain, Turkey, Italy and sells it after processing in the domestic market to institutional as well as retail customers.India being third largest exporter of stones in the world with Indian stone exports amounting to Rs. 34 billion in 2003-04, with granite alone accounting for Rs 26 billion. Oriental Trimex has plans to tap this export market by acquiring its own granite quarries and setting up granite processing unit. It has already secured mining rights for two quarries for extracting granites at Rairangpur and Behrampur in Orissa measuring 6.90 acres and 38.14 acres respectively.+ Read More
Contact Details
Oriental Trimex Ltd. AddressOriental Trimex Limited708, 7th Floor, Padma Tower-I5 Rajindra PlaceNew Delhi, New Delhi, 110008+91 11 41536970ipo@orientaltrimex.comVisit Website