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Commercial Syn Bags IPO is a fixed price issue of Rs 7.66 crores.
Commercial Syn Bags IPO bidding started from June 30, 2016 and ended on July 5, 2016. The shares got listed on BSE SME on July 14, 2016.
Commercial Syn Bags IPO price is ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Commercial Syn Bags IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Commercial Syn Bags IPO is Rikhav Securities.
Refer to Commercial Syn Bags IPO RHP for detailed information.
IPO Date | June 30, 2016 to July 5, 2016 |
Listing Date | July 14, 2016 |
Face Value | ₹10 per share |
Price | ₹24 per share |
Lot Size | 6000 Shares |
Total Issue Size | 3,192,000 shares (aggregating up to ₹7.66 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 8,625,400 |
Share holding post issue | 11,817,400 |
Market Maker portion | 168,000 shares Rikhav Securities |
Investors can bid for a minimum of 6000 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 | 6000 | ₹144,000 |
Retail (Max) | 1 | 6000 | ₹144,000 |
Lot Size Calculator |
The promoters of the company are:
1. Mr Anil Choudhary
2. Mr Mohanlal Choudhary
3. Super Sack Pvt Ltd
Share Holding Pre Issue | 71.45% |
Share Holding Post Issue | 52.15% |
Incorporated in 1993, Commercial Syn Bags Limited is engaged in manufacturing of plastic and laminated coated bags. Information in this paragraph is copied from chittorgarh.com.They are one of the leading manufacturer and exporter of FIBC / Big Bag, PP Fabric, PP Woven Bag, BOPP Bags and Tarpaulin in India.
Commercial Syn Bags produce 4-5 million Big Bags annually. Content in this paragraph is copied from chittorgarh.com.Company's product profile includes Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags.
KPI | Values |
---|---|
RoNW | 22.99% |
The objects of the issue are to:
1. Repayment/Prepayment os certain borrowings availed by the company;
2. Working capital requirements.
[Dilip Davda] Justifiably priced IPO is worth considering by investors with surplus cash for long term investment. Read detail review...
Listing Date | July 14, 2016 |
BSE Script Code | 539986 |
NSE Symbol | COMSYN |
ISIN | INE073V01015 |
Final Issue Price | ₹24 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹24.00 |
₹28.80 |
₹28.80 |
₹28.80 |
₹28.80 |
Commercial Syn Bags Ltd
34 Jaora Compound,
M Y Road,
Indore - 452001
Phone: 0731-4279525/26
Email: comsyn@comsyn.com
Website: http://www.comsyn.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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Commercial Syn Bags IPO is a SME IPO of 3,192,000 equity shares of the face value of ₹10 aggregating up to ₹7.66 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000 Shares.
The IPO opens on June 30, 2016, and closes on July 5, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Commercial Syn Bags IPO opens on June 30, 2016 and closes on July 5, 2016.
Commercial Syn Bags IPO lot size is 6000 Shares, and the minimum amount required is ₹144,000.
You can apply in Commercial Syn Bags 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 Commercial Syn Bags IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Commercial Syn Bags IPO allotment status.
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