Texmo Pipes & Products Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

16 Feb 2010

Close Date

19 Feb 2010

Allotment

25 Feb 2010

Listing Date

10 Mar 2010

Exchange

NSE & BSE

Price Band

₹90

Listing Price

See chart

Allotment Status

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Price Band

₹90

Per share

Face Value

₹10 per share

Lot Size

75 Shares

per lot

Issue Size

50,00,000 shares (aggregating up to ₹45.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹6,750

1 lot

Pre-IPO Holding

62,70,000 shares

Promoters

Post-IPO Holding

11,27,000 shares

Promoters

UPI Deadline

2010-02-19

Mandate

Anchor AllotmentMon, 15 Feb 2010

Basis of AllotmentThu, 25 Feb 2010

Refund InitiationFri, 26 Feb 2010

Demat CreditFri, 26 Feb 2010

Listing DayWed, 10 Mar 2010

UPI Mandate Deadline2010-02-19

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Texmo Pipes & Products Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 19 Feb 2010.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,000,000	100%	₹45.00

IPO Shares Offered

Texmo Pipes & Products Ltd. IPO total issue size: ₹45.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	5,000,000	₹45.00	100.00%

* Based on upper price band ₹90 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹90.00

Upper Band

Min Investment

₹6,750

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	150	₹13,500
Retail (Max — 29 Lots)	29	2,175	₹195,750
S-HNI (Min — 30 Lots)	30	2,250	₹202,500
B-HNI (Min — 149 Lots)	149	11,175	₹1,005,750

* Issue Price ₹90 × Lot Size 75 shares

IPO Schedule

Anchor

15 Feb 2010

✓ Done

IPO Open

16 Feb 2010

✓ Done

IPO Close

19 Feb 2010

✓ Done

Allotment

25 Feb 2010

✓ Done

Refunds

26 Feb 2010

✓ Done

Demat Credit

26 Feb 2010

✓ Done

Listing Day

10 Mar 2010

✓ Done

₹90.00

INR · BSE

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Issue ₹90.00 Live Price

About Texmo Pipes & Products Ltd.

Incorporated in 2008, Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes viz. suction & delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.The pipes manufactured by Texmo suits the requirements of application in irrigation, agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, and bore / tube well for underground water suction. Texmo Pipes has marketing presence in the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan.

Objects of the Issue

1 Expansion of product range;

2 Setting up manufacturing facilities for injection mouldings/fittings and woven sacks

3 Meeting long term working capital requirements;

4 General corporate purposes; and

5 Issue expenses

Texmo Pipes & Products Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹5,908.1

31-Mar-08

₹4,702.8

31-Mar-09

₹4,309.5

30-Oct-09

Profit After Tax (PAT)

₹426.4

31-Mar-08

₹432.9

31-Mar-09

₹336.4

30-Oct-09

Particulars	30-Oct-09	31-Mar-09	31-Mar-08
Revenue from Operations	4309.53	4702.76	5908.09
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	336.38	432.92	426.38
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

39.39%

Issue Structure & Shareholding

Total Shares Offered50,00,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding62,70,000 shares

Post-Issue Promoter Holding11,27,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

texmoipo@karvy.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Almondz Global Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Texmo Pipes & Products Ltd. IPO subscribed? ▲

Texmo Pipes & Products Ltd. IPO is subscribed 1.00 times by Feb 19, 2010. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Texmo Pipes & Products Ltd. IPO retail subscription status? ▼

The Texmo Pipes & Products Ltd. IPO retail category is subscribed 1.00 times as of 19 Feb 2010. The retail portion is oversubscribed.

How to subscribe Texmo Pipes & Products Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 Feb 2010 and closes 19 Feb 2010. Min investment: ₹6,750 (1 lot = 75 shares). UPI mandate: 2010-02-19.

How many times Texmo Pipes & Products Ltd. IPO subscribed? ▼

The Texmo Pipes & Products Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Texmo Pipes & Products Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Feb 2010. Refunds: on 26 Feb 2010.

When Texmo Pipes & Products Ltd. IPO will be listed? ▼

The Texmo Pipes & Products Ltd. IPO listing date is 10 Mar 2010, Wednesday. Listed on: NSE & BSE. Issue price: ₹90. Estimated listing: ₹90. GMP: NIL.

When Texmo Pipes & Products Ltd. IPO close? ▼

The Texmo Pipes & Products Ltd. IPO closes on 19 Feb 2010, Friday. UPI mandate: 2010-02-19. Allotment: 25 Feb 2010. Listing: 10 Mar 2010.

Quick Actions

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Live Price LIVE

Last Price₹90.00

Change—

Issue Price₹90.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹90

Face Value₹10

Lot Size75 Sh

Min. Amount₹6,750

GMPNIL

Est. Listing₹90

Subscribed1.00x

Open Date16 Feb 2010

Close Date19 Feb 2010

Allotment25 Feb 2010

Listing Date10 Mar 2010

ExchangeNSE & BSE

UPI Deadline2010-02-19