IPO Issue Details
Issue Price / Price Band₹110 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size60 Shares per Lot
Total Issue Size1,06,00,049 shares (aggregating up to ₹116.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 11 Mar 2010
Subscription CloseMon, 15 Mar 2010
Anchor AllotmentWed, 10 Mar 2010
Basis of AllotmentSun, 21 Mar 2010
Initiation of RefundsMon, 22 Mar 2010
Credit of Shares to DematMon, 22 Mar 2010
Listing DateMon, 05 Apr 2010
UPI Mandate Deadline2010-03-15
Application & Investment Details
Retail — Min (1 Lots)₹6,600 — 60 shares
Retail — Max (13 Lots)₹85,800 (13 Lots)
HNI — Min (152 Lots)₹10,03,200 — 9,120 shares
Pre-IPO Promoter Holding2,97,66,770 shares
Post-IPO Promoter Holding4,03,66,770 shares
About Pradip Overseas Ltd.
Incorporated in 1980, Pradip Overseas Limited is the textile manufacturer with niche focus on Home Linen Products. Company sale its products in domestic market as well as more than twenty countries around the world.Company manufacturer and export home textile, home decor and home furnishings. Company's home furnishing range includes table linen, bed spreads, quilts, cushion covers and curtains.Pradip Overseas is an ISO 9001:2000 certified company. Its existing facility is located at Changodar near Ahmedabad in Gujarat.
Objects of the Issue
Pradip Overseas Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To part finance the setting up the Proposed Manufacturing Facility within the Proposed Textile SEZ
99.950
2
2 To part finance the incremental margin money requirement for working capital
99.950
3
3 To meet Issue expenses
6.223
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,97,66,770 shares
Post-IPO Promoter Holding
4,03,66,770 shares