Tulsi Extrusions, a manufacturer of PVC pipes, has surged to a new high of Rs 143.45 before closing the day at Rs 139.50, up by Rs 54.5 or 64.12% over its offer price of Rs 85. It traded with volumes of 3,62,33,746 shares on the BSE.
The stock opened at Rs 93.45, which is its intraday low and remained above Rs 100 through the day.
The BSE and NSE volume is nearly six times its total issue size of 1,24,95,100 shares.
In an interview with CNBC-TV18, Pradip Mundhra, Managing Director said, the company would achieve sales of Rs 138 crore in 2009 and the PAT will be around Rs 15 crore.
On the NSE, the stock closed at Rs 140.85, up 65.71% or Rs 55.85, with volumes of 3,67,91,341 shares. It has opened at Rs 99 and touched a high of Rs 144.50. The turnover for the day at Rs 477 crore.
The company had come out with public issue issue of 57,00,000 equity shares of Rs 10 each during February 1 and February 5, 2008. The price band for the issue was between Rs 80 and Rs 85.
Source: Moneycontrol.com
Showing posts with label Tulsi Extrusions IPO. Show all posts
Showing posts with label Tulsi Extrusions IPO. Show all posts
Monday, February 25, 2008
Thursday, February 21, 2008
IRB Infrastructure, Tulsi Extrusions to list on Feb 25
IRB Infrastructure Developers and Tulsi Extrusions will list on the bourses with equity shares on February 25, 2008. They have been fixed the issue price at Rs 185 and Rs 85 per equity share, respectively.
IRB Infrastructure Developers
The stock will start trading in F&O market and the permitted lot size of 1100.
IRB Infrastructure had entered the capital markets on January 31, 2008 with a public issue of 5,10,57,666 equity shares of Rs 10 each through 100% book building process and with a price band of Rs 185 to Rs 220.
The company's IPO was subscribed over 4.3 times. The QIB portion was subscribed 6.4 times and HNI 1.6 times. The retail and employee portions were too nearly fully subscribed at 0.99 and 0.94 times. Deutsche Equities India Private Ltd is the Sole Global Coordinator and BRLM for the Issue and Kotak Mahindra Capital Co. Ltd is the Co-BRLM for the issue.
The issue constituted 15.36% of the fully diluted post Issue paid-up capital of the Company. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
IRB Infrastructure Developers Limited is the holding company of the IRB Group. IRB Infrastructure Developers is currently involved in 12 BOT projects in the roads and highways sector.
In fiscal 2007, the consolidated total income of the company was Rs 325.08 crore and it earned consolidated net profit, as restated, of Rs 29.96 crore. In the five months ended August 31, 2007, consolidated total income was Rs 285.26 crore and it earned consolidated net profit, as restated, of Rs 36.38 crore in this period.
Tulsi Extrusions
Tulsi Extrusions, PVC pipes and fittings manufacturer for the irrigation, industrial, infrastructure and housing sector, has been fixed offer price of Rs 85 per share.
The company had come out with public issue issue of 57,00,000 equity shares of Rs 10 each during February 1 and February 5, 2008. The price band for the issue was between Rs 80 and Rs 85.
It got subscribed 2.08 times. QIBs portion subscribed 1.54 times, HNIs 3.11 times and Retail category 2.46 times.
The proceeds from the proposed IPO will be used to expand their manufacturing facilities at Jalgaon, to meet their long-term working capital requirements, purchasing of branch offices, provision of contingencies, general corporate purposes and to meet the issue expenses.
The issue is lead managed by Almondz Global Securities Ltd and the registrar to the issue is Intime Spectrum Registry Ltd.
Source: Moneycontrol.com
IRB Infrastructure Developers
The stock will start trading in F&O market and the permitted lot size of 1100.
IRB Infrastructure had entered the capital markets on January 31, 2008 with a public issue of 5,10,57,666 equity shares of Rs 10 each through 100% book building process and with a price band of Rs 185 to Rs 220.
The company's IPO was subscribed over 4.3 times. The QIB portion was subscribed 6.4 times and HNI 1.6 times. The retail and employee portions were too nearly fully subscribed at 0.99 and 0.94 times. Deutsche Equities India Private Ltd is the Sole Global Coordinator and BRLM for the Issue and Kotak Mahindra Capital Co. Ltd is the Co-BRLM for the issue.
The issue constituted 15.36% of the fully diluted post Issue paid-up capital of the Company. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
IRB Infrastructure Developers Limited is the holding company of the IRB Group. IRB Infrastructure Developers is currently involved in 12 BOT projects in the roads and highways sector.
In fiscal 2007, the consolidated total income of the company was Rs 325.08 crore and it earned consolidated net profit, as restated, of Rs 29.96 crore. In the five months ended August 31, 2007, consolidated total income was Rs 285.26 crore and it earned consolidated net profit, as restated, of Rs 36.38 crore in this period.
Tulsi Extrusions
Tulsi Extrusions, PVC pipes and fittings manufacturer for the irrigation, industrial, infrastructure and housing sector, has been fixed offer price of Rs 85 per share.
The company had come out with public issue issue of 57,00,000 equity shares of Rs 10 each during February 1 and February 5, 2008. The price band for the issue was between Rs 80 and Rs 85.
It got subscribed 2.08 times. QIBs portion subscribed 1.54 times, HNIs 3.11 times and Retail category 2.46 times.
The proceeds from the proposed IPO will be used to expand their manufacturing facilities at Jalgaon, to meet their long-term working capital requirements, purchasing of branch offices, provision of contingencies, general corporate purposes and to meet the issue expenses.
The issue is lead managed by Almondz Global Securities Ltd and the registrar to the issue is Intime Spectrum Registry Ltd.
Source: Moneycontrol.com
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