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IPO

Issue Details:

Issue Opening – 17th March 2017

Issue Closing – 22nd March 2017

Issue Price – Rs. 20/-

Issue Size – Rs. 9.60 Cr.

Lot Size – 6000 Equity Shares


 

Issue Highlights:

  • Issue offered at P/E multiple of 8.87 on post issue EPS of RS. 2.26 HYF 2017 (Annualized), Industry P/E multiple 16
  • Consistent dividend paying track record since FY 2014
  • Book value of the company Rs. 25/-
  • Company has capacity of 16,800 spindles and 1200 open end rotors.
  • Company has storage capacity of 91,000 sq. ft. area. (Total storage capacity)