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Chemtech Industrial Valves IPO is a fixed price issue of Rs 7.43 crores.
Chemtech Industrial Valves IPO bidding started from January 15, 2014 and ended on January 17, 2014. The shares got listed on BSE SME on January 31, 2014.
Chemtech Industrial Valves IPO price is ₹15 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Choice Capital Advisors Pvt Ltd is the book running lead manager of the Chemtech Industrial Valves IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Chemtech Industrial Valves IPO is Choice Equity Broking.
Refer to Chemtech Industrial Valves IPO RHP for detailed information.
| IPO Date | January 15, 2014 to January 17, 2014 |
| Listing Date | January 31, 2014 |
| Face Value | ₹10 per share |
| Price | ₹15 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 495,200 shares (aggregating up to ₹7.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,519,333 |
| Share holding post issue | 11,471,333 |
| Market Maker portion | 280,000 shares Choice Equity Broking |
Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹120,000 |
| Retail (Max) | 1 | 8000 | ₹120,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Pradeep Shikharchand Badkur
2. Namrata Pradeep Badkur
3. Mr Harsh Pradeep Badkur
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 56.83% |
Incorporated in 1997, Chemtech Industrial Valves Ltd is an ISO 9001-2008 certified company, is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types & sizes ranging from 15mm up to 4000mm. They manufacture and supply various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry. They also supply their products to customers in the oil and gas (including petro-chemical) industry, infrastructure (including pipelines), process industries (including pharmaceuticals, chemicals, intermediaries and fertilizers), nuclear space and defence industry.
Company is a manufacturer of high quality valves. They have their manufacturing facilities at Wada, to suit most of the piping related requirements. Most of their valves are tailor made to meet customers’ specific requirements.
| KPI | Values |
|---|---|
| RoNW | 21.62% |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To acquire additional plant & machinery at the existing manufacturing facilities of the Company located at village: - Vadvali, Tal:- Wada, District : Thane;
2. To fund the interiors of corporate office of the company, which has been acquired at Thane;
3. To meet the incremental working capital requirements;
4. To meet the expenses towards general corporate purposes;
5. To get the equity shares of our Company listed on SME platform of BSE.
| Listing Date | January 31, 2014 |
| BSE Script Code | 537326 |
| NSE Symbol | |
| ISIN | INE212P01011 |
| Final Issue Price | ₹15 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹15.00 |
| ₹14.70 |
| ₹14.25 |
| ₹15.30 |
| ₹14.95 |
Chemtech Industrial Valves Ltd
105, Hiranandani Industrial Estate,
Opp. Kanjur Marg Railway Station,
Mumbai 400078, Maharashtra
Phone: + 91-22- 2577 3308
Email: investors@chemtechvalves.com
Website: http://www.chemtechvalves.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Chemtech Industrial Valves IPO is a SME IPO of 495,200 equity shares of the face value of ₹10 aggregating up to ₹7.43 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000 Shares.
The IPO opens on January 15, 2014, and closes on January 17, 2014.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Chemtech Industrial Valves IPO opens on January 15, 2014 and closes on January 17, 2014.
Chemtech Industrial Valves IPO lot size is 8000 Shares, and the minimum amount required is ₹120,000.
You can apply in Chemtech Industrial Valves IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Chemtech Industrial Valves IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Chemtech Industrial Valves IPO allotment status.
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