Tijaria Polypipes Ltd
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Tijaria Polypipes Limited (TPL) was incorporated in 2006 by the conversion of a partnership firm (named Tijaria Overseas Vinyl), which was started on 27 July 2000. The company is promoted by Tijaria Jain family, which started the business in 1982 with trading activities. In 1987, the family ventured into manufacturing of plastic pipes and fittings at Kota, in the State of Rajasthan. Since 2004-05, its operations are based in Jaipur, in the State of Rajasthan.
TPL is engaged in the manufacturing of pre-lubricated HDPE pipes (PLB HDPE), PVC & SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps with a total production capacity of 25163 million tonnes per annum (MTPA). The company expanded its capacity to 12 extrusion lines from 3-4 extrusion lines in 2001. The company markets most of its products under the brand names "Vikas" and "Tijaria".
*Source : ICRA
Objects of the issue:
» Implementation of the Company’s Expansion cum Diversification Project;» Meeting Preliminary and Capital Issue expenses;
» Meeting Pre Operative expenses;
» Provision for Contingencies;
» Provide Working Capital Margin;
» To get the equity shares of the company listed on the stock markets.
Company Address:
Address:Registered Office :
A-130(E) Road No. 9 - D,
Vishwakarma Industrial Area,
Jaipur - 302013, Rajasthan, India
Phone:+ 91-141-2333722
Fax:+ 91-141-2332342
Email:ipo@tijaria-pipes.com
Website:www.tijaria-pipes.com
IPO Details:
| Information | Value |
|---|---|
| Open Date | 27-Sep-2011 |
| Close Date | 29-Sep-2011 |
| Allotment Date | 10-Oct-2011 |
| Refund Date | 11-Oct-2011 |
| Listing Date | 14-Oct-2011 |
| Issue Price | Rs. 60 |
| Isuue Type | Fixed Price Issue IPO |
| Issue Size | 10,000,000 Equity Shares of Rs. 10 |
| Lot Size | » Minimum : 100 Shares » Maximum : 1600 (1 Lac) , 3300 (2 Lac) |
| Max Amount for Retail Investor | 200000 |
| Listing On | BSE,NSE |
| Lead Manager | Hem Securities Limited |
| Registrar | Sharex Dynamic (India) Pvt Ltd |
| Registrar Email | info@sharexindia.com |
| Registrar Website | www.sharexindia.com |
| Registrar Phone | +91- 22 - 2851 5606 |
| Application Multiple | 100 and in multiples there off starting with atleast 100 shares |
| Cheque in Favour of | "Name of the Bank A/c - TIJARIA POLYPIPES LTD - Public Issue - R" For Retail Bidders |
| Listing Open | Rs. 62 / Rs. 61 (BSE/NSE) |
| Listing Close | Rs. 18.10 / Rs. 18.60 (BSE/NSE) |
| Listing High | Rs. 67.80 / Rs. 67.75 (BSE/NSE) |
| Listing Low | Rs. 16.05 / Rs. 16.50 (BSE/NSE) |
Tijaria Polypipes Ltd Financial Details:
In FY 2010-11, TPL reported a Profit after Tax (PAT) of Rs. 6.90 Crore on an Operating Income (OI) of Rs. 112.29 Crore while in FY 2009-10, it reported a PAT of Rs. 6.74 Crore on an OI of Rs. 107.46 Crore.
Tijaria Polypipes Ltd Grey Market Price - Premium - Rates
| Date | GM Premium | Kostak Rate |
|---|---|---|
| 26-Sep-2011 | Rs. 1.75 | Rs. 2200 - 2300 (2 Lac) |
| 27-Sep-2011 | Rs. 1.75 - 2 | Rs. 2300 - 2400 (2 Lac) |
| 28-Sep-2011 | Rs. 2 - 2.50 | Rs. 2300 - 2400 (2 Lac) |
| 29-Sep-2011 | Rs. 1.50 - 2 | Rs. 2300 - 2400 (2 Lac) |
| 03-Oct-2011 | Rs. 0.75 - 1 | ---- |
| 05-Oct-2011 | Rs. 1.50 - 2 | ---- |
| 07-Oct-2011 | Rs. 1.50 - 2 | ---- |
| 10-Oct-2011 | Rs. 2 - 2.50 | ---- |
| 11-Oct-2011 | Rs. 2 - 2.50 | ---- |
| 12-Oct-2011 | Rs. 2 - 2.50 | ---- |
| 13-Oct-2011 | Rs. 2 - 2.50 | ---- |
Tijaria Polypipes Ltd Basis of allotment:
| This is only an advertisement
for infomiation purposes not for publication or distribution, directly or indirectly
outside India, and not a Prospectus Announcement
TIJARIA POLYPIPES LIMITED Our Company started as a partnership firm as under the name of Tijaria Overseas Vinyl' in 2000, which was converted into a Private Limited company as Tijaria Polypipes Private Limited on July 17,2006 under Part IX of the Companies Act, 1956. The Company was later on converted into Public Limited Company on July 20,2006 and consequently the name of the Company was changed to 'Tijaria Polypipes Limited' and a fresh certificate of Incorporation dated July 20,2006 was Issued by Asst. Registrar of Companies, Rajasthan, Jaipur. Registered Office: A-130(E), Road No.9-D, Vishwakarma
Industrial Area (VKI), Jaipur-302013 Tel.No.+91-141-2333722/23, 3218100,
3219300, 4010800; Fax No. +91-141-2332342 PROMOTERS OF THE COMPANY BASIS OF ALLOTMENT PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS 10/- EACH ISSUED FOR CASH AT A PREMIUM OF RS 50/- PER EQUITY SHARE I.E.AT A PRICE OF RS 60/-PER EQUITY SHARE AGGREGATING TO RS 6,000 LACS ("THE ISSUE" OR "THE NET ISSUE") BY TIJARIA POLYPIPES LIMITED ('THE COMPANY' OR 'THE ISSUER'). THE FACE VALUE OF THE SHARE IS RS 10/- EACH AND THE ISSUE PRICE IS 6 (SIX) TIMES OF THE FACE VALUE. THE ISSUE TO THE PUBLIC WILL CONSTITUTE 42.33% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE CAPITAL OF THE COMPANY. THE ISSUE IS BEING MADE IN TERMS OF REGULATION 26 (1) OF SEBI (ICDR) REGULATIONS, 2009. This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as persub clause (4) of regulation 43 of the SEBI (ICDR) Regulations, 2009. ISSUE PRICE: ISSUE PRICE RS 60 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH IS SIX (6) TIMES OF THE FACE VALUE ISSUE PROGRAMME: ISSUE OPENED ON TUESDAY, SEPTEMBER 27,2011 • ISSUE CLOSED ON THURSDAY, SEPTEMBER 29,2011 PROPOSED LISTING The Equity Shares of this Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Limited ("NSE"). The in-principle approvals of BSE and NSE for listing of Equity Shares of our Company have been received pursuant to letters dated November 10,2010 and January 25,2011 respectively. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced with effect from October 14,2011# #Subject to receipt of listing and trading approvals from the Stock Exchanges This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as per sub clause (4) of regulation 43 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors. The balance net offer of shares to the public shall be made available for allotment to individual Applicants other than retail individual investors and other investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any oneof the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). For details in this regard, specific attention is invited to "Issue Procedure" on page 266 of the Prospectus. SUBSCRIPTION DETAILS THE ISSUE HAS RECEIVED 3,161 APPLICATIONS FOR 12020900 EQUITY SHARES RESULTING IN 1.20209 TIMES SUBSCRIPTION. The details of the applications received in the Issue from Retail Individual Investors and Non-Retail Investors are as under: (Before technical rejections)
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited, ("BSE") on October 10,2011. A. Allocation to Retail Individual Investors (After Technical Rejections) The Basis of Allocation to the Retail Individual Investors, who have applied at the issue price of RS 60/- per Equity Share, was finalised in consultation with BSE. This category has been over subscribed to the extent of 1.197027 times, including spill-over from Non-Retail Investors. The total number of Equity Shares Allotted in Retail Individual Investor category is 7164406 Equity Shares to 3097 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under:
B. Allocation to Non-Retail Investors (After Technical Rejections) The Basis of Allotment to the Non-Retail Investors, who have applied at the issue price Rs 60/- per Equity Share for a total amount of more than Rs 2,00,000/-, was finalised in consultation with BSE. This category has been over subscribed to the extent of 1.197038 times. The total number of Equity Shares Allotted in Non-Retail Investor category is 2836001 Equity Shares to 3 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under:
The Board of Directors of the Company at its meeting held on October 10,2011 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on October 11,2011. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to October 11,2011. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within fourworking days from the date of approval of the basis of allocation. INVESTORS PLEASE NOTE All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of Equity Shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below: REGISTRAR TO THE ISSUE
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TIJARIA POLYPIPES LIMITED. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus dated September 12,2011 (the "Prospectus") |
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