IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size49,68,000 shares (aggregating up to ₹7.45 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 15 Jan 2014
Subscription CloseFri, 17 Jan 2014
Anchor AllotmentTue, 14 Jan 2014
Basis of AllotmentThu, 23 Jan 2014
Initiation of RefundsFri, 24 Jan 2014
Credit of Shares to DematFri, 24 Jan 2014
Listing DateFri, 31 Jan 2014
UPI Mandate Deadline2014-01-17
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
Net Offer to Public46,88,000 shares (aggregating up to ₹7.03 Cr)
Reserved for Market Maker2,80,000 shares (aggregating up to ₹0.4200 Cr)
Pre-IPO Promoter Holding65,19,333 shares
Post-IPO Promoter Holding1,14,71,333 shares
About Chemtech Industrial Valves Ltd.
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.
Objects of the Issue
Chemtech Industrial Valves Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of Plant & Machinery
3.32
2
2 Interiors of Corporate office at Thane
1.09
3
3 Incremental Working Capital Requirement
2.93
4
4 General Corporate Purposes
0.60
Shareholding & Lock-in
Pre-IPO Promoter Holding
65,19,333 shares
Post-IPO Promoter Holding
1,14,71,333 shares