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Shree Pushkar Chemicals & Fertilizers Ltd. (SPCFL) IPO Details

Discussion in 'IPO' started by real_buzz, Aug 25, 2015.

  1. real_buzz Moderator

    Shree Pushkar Chemicals & Fertilizers Ltd. (SPCFL) IPO Review & Details

    Issue Highlights:
    Issue Opens Tuesday, 25 August 2015 Listing BSE & NSE
    Issue Closes Thursday, 27 August 2015
    Lead Manager Keynote Corporate Services Limited
    Registrar Bigshare Services Private Limited
    QIB 50% of the Issue
    Price Band Rs.61/- to Rs.65/-
    NIB 15% of the Issue
    Bid Lot 200 Equity Shares & in multiples thereafter
    Retail 35% of the Issue
    Face Value Rs.10/-
    Business Overview:
    Shree Pushkar Chemicals & Fertilizers Ltd. (SPCFL) commenced operations in 1993 as a trading company and has emerged as the leading manufactures of the widest range of dye intermediates in India with zero waste. The manufacturing facility is located at Lote Parshuram, Maharashtra. Over the years, the integration (backward and forward) has helped the company diversify into wide range of products in such a way that many of the intermediate products are used to manufacture other value added products leading to efficiencies in the cost of production and low dependence on raw material from external sources. The company has 4 revenue verticals viz. Dye Intermediates, Acid Complex, Cattle Feed Supplement and Fertilizers. The top 5 customers for the company contribute 45% of its overall revenues, with Dye Intermediates contributing ~76% to the total revenues.
    Objects of the Issue:
    The company intend to utilize the Issue Proceeds for the following objects:
    Acquisition of an existing factory within MIDC Industrial Area Lote-Parshuram bearing no. B-97
    Setting up of facilities at B-97 for manufacture of:
    Reactive Dyes with a capacity of 3,000 TPA
    H-Acid with a capacity of 750 TPA
    Vinyl Sulphone (VS) Ester with a capacity of 1,000 TPA
    Setting up of additional effluent treatment plant at the existing facility (Unit I) to make the unit a "Zero Discharge" unit.
    Construction of additional Godown(s) at our existing facility (Unit II) for meeting the additional storage requirements for finished goods.
    General corporate purposes; and
    To meet the preliminary & pre-operative and Issue expenses.

    Further, the company believe that the listing of their Equity Shares will enhance their visibility and brand name among existing and potential customers.

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