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November 17, 2008

Why no new posts...

You all may be wondering why there are no new posts.

As you all know financial market is under turmoil and at that time, all small investors like us are best to be away from this roller coster and wait for things to improve.

September 1, 2008

Refund before Anniversary - SVPCL to refund IPO Money

Supreme Court (SC) rejected SVPCL's appeal and asked them to refund the money to the investors. The SVPCL IPO was open from October 22, 2007 to October 26, 2007 and subscribed 1.09 times (retail 2.2419 times) however BSE rejected the application for listing as Post issue Merchant Bankers (UTI Securities Limited) didn't provided an undertaking as required. Now SVPCL has to refund the money back to its IPO investors soon. SVPCL Ltd officials were unable to comment of this.

Third Biggy to go hiding - Reliance InfraTel choose not to face IPO doldrums

Reliance Infratel is a telecom infrastructure provider company part of Reliance ADA group's Reliance Communications ltd. The company had filed request for IPO but choose not to proceed considering market conditions.

August 17, 2008

Resurgere Mines & Minerals India Ltd IPO Final subscription status:

Overall subscription: 1.16 times

Retail Individual Investors (RIIs) category: 0.40 times

Qualified Institutional Buyers (QIBs): 1.34 times

Non Institutional Investors: 2.41 times

Austral Coke & Projects Ltd IPO Final subscription status

Austral Coke & Projects Ltd IPO Final subscription status:

Overall subscription: 1.65 times

Retail Individual Investors (RIIs) category: 0.67 times

Qualified Institutional Buyers (QIBs): 0.62 times

Non Institutional Investors: 7.32 times

August 8, 2008

Vishal Information Technologies Ltd IPO – Listing Date

Vishal Information Technologies Ltd IPO is getting listed on 11-Aug-08 . Listing details are:

Vishal Information Technologies Ltd
Listing Date	11-Aug-2008
BSE Scrip Code	533011
NSE Symbol	VITLINFO
Listing in	'B' Group of Securities
ISIN	INE108J01014
Issue price	150
Face Value	10

Mother of all IPOs coming

The proposed mega public listing of Bharat Sanchar Nigam Ltd (BSNL) moved a step ahead with the government indicating a valuation of about Rs 2,00,000 crore for the state-owned telecom behemoth.

August 7, 2008

'ASBA' payment method – new rabbit from SEBI’s hat

Introduced in July 2008, Applications Supported by Blocked Amount (ASBA) Process, is the alternative payment method (optional) for IPO application where the IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.

This is an additional method of payment available exclusively to retail individual investors through participatory banks (SCSB's). Banks would be required to register themselves in the SCSB list, which would be available on SEBI's website. The purpose of adding this new payment option is to reduce the turn around time for IPO Stock listing and to make the refund process faster.

Vishal Information Technologies Ltd IPO allotment status

Vishal Information Technologies Ltd IPO allotment status is out and available at http://www.intimespectrum.com/site/ipo.asp

Vishal Information Technologies Ltd IPO was open on July 21, 2008 and closed on July 24, 2008. IPO

Nu Tek India Limited IPO Final subscription status

Nu Tek India Limited IPO Final subscription status:

Overall subscription: 1.63 times

Retail Individual Investors (RIIs) category: 1.01 times

Qualified Institutional Buyers (QIBs): 2.06 times

Non Institutional Investors: 1.78 times

That means retail investors will get fill allotment except for those whose applications are not correct.

Resurgere Mines & Minerals India Limited - IPO

Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.)
Period	11-Aug to 13-Aug 2008
Size (Equity Shares)	5000000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 263 to Rs 272
Market Lot
Max shares Retails investor can apply at cut off
Registrar	Intime Spectrum Registry Ltd
Registrar's email	rmmil.ipo@intimespectrum.com)
Lead Manager	Motilal Oswal Investments Advisors Pvt Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1987 Business: Extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China. Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content. They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra. Company have also applied for two prospecting leases of iron ore in Banda region to the Collector of Sindhudurg district. They are also engaged in merchant export of iron ore fines to China. Resurgere Mines also propose to venture in bauxite mining and processing business in the near future and hold a mining lease over bauxite mines situated in Yelwan Jugai, Maharashtra through wholly owned subsidiary M/s. Warana Minerals Private Limited (WMPL). WMPL is a partner with 60% share in a registered partnership firm, Shri Warana Minerals which is engaged in the business of mining bauxite ore under the said 30 year mining lease. The mining assets of Company, except Banda mine, have cumulative estimated reserve of 74.82 million tonnes of iron ore and 4.92 milllion tonnes of bauxite as certified by Central Mining Research Institute.
Objects of the Issue
# Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines; # Purchase of railway rakes to set up our own logistics infrastructure facilities; # Margin money for working capital; # General Corporate Purposes.

Austral Coke & Projects Limited - IPO

Austral Coke & Projects Limited
Period	07-Aug to 13-Aug 2008
Size (Equity Shares)	7260000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 164 to Rs 196
Market Lot	34
Max shares Retails investor can apply at cut off	510
Registrar	Intime Spectrum Registry Ltd
Registrar's email	austral.ipo@intimespectrum.com)
Lead Manager	Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1994 Business:Manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries. Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects. Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY'09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.
Objects of the Issue
# Setting up of 1,50,000 MTPA of LAM Coke plant; # Captive Power plant of 8 MW; # Acquire prospecting Mining Licenses in India / internationally; # Prepayment of High cost debt; # General Corporate Purposes; # Expenses related to Fresh Issue.

July 31, 2008

Birla Cotsyn - Listed at discount

Birla Cotsyn, a Yash Birla group company, today closed at a discount of 32.5 per cent at Rs 9.45 from its opening price of Rs 14.90 on the NSE on the day one of the listing. The issue price of the scrip was Rs 14. The listing price was also its intra-day high the scrip touched and it also touched an intra-day low of Rs 8.75. On the BSE, too, the scrip closed down at Rs 9.2 from its opening price of Rs 14.70. It touched an intra-day high of Rs 17.50 and a low of Rs 8.55. The company raised close to Rs 125 crore through its recent IPO. The company plans to utilise these funds to set up an integrated textile unit and a garment manufacturing plant at its existing facilities in Maharashtra and also for its opening of retail outlets, which it plans to set up across the country.

Part with your money only when you get goods - IPO without initial investment

SEBI on Wednesday issued details on the modalities by which investors can apply for an IPO, while still keeping the application money in their bank account till finalisation of the allotment. For this purpose, SEBI has introduced a supplementary process for applying for public issues called as “Application Supported by Blocked Amount” (ASBA) process. ASBA process This application would authorise banks to block the application money in a bank account. The ASBA process shall be applicable to all book-built public issues, which provide for not more than one payment option to retail individual investors. The issuer will be treating these applications similar to non-ASBA applications while finalising the basis of the allotment, said SEBI. The ASBA process will be offered by “Self Certified Syndicate Banks” (SCSB). Banks that wish to offer this facility must submit a certificate to SEBI in a prescribed format for inclusion of its name in the SCSB list, which will be displayed on the SEBI Web site. Once listed, the bank shall then be deemed to have entered into an agreement with the issuer and shall be required to offer the ASBA facility to all its account holders for all issues to which the ASBA process is applicable, said SEBI. Long-standing demand In May this year, the board of SEBI had “approved, in principle, the concept of making lien on bank account as an alternative mode of payment in public/rights issues.” SEBI is addressing a long-standing demand of retail investors whose IPO application money is often blocked for weeks even when they are not allotted shares. This process will also do away with the refund process. This will also shorten the time between a public issue and its listing, since listing happens only after refunds are done. The ASBA facility would come into effect from the date to be specified by SEBI, once a few eligible banks are recognised as SCSBs. Investors eligible to apply under ASBA would have to bid at cut-off, with single option as to the number of shares bid for. They must agree not to revise their bid. The ASBA applicants also cannot bid under any of the reserved categories.

July 30, 2008

Birla Cotsyn (India) Ltd – Listing Date

Birla Cotsyn (India) Ltd IPO is getting listed on 30-Jul-08 . Listing details are:

Birla Cotsyn (India) Ltd
Listing Date	30-Jul-2008
BSE Scrip Code	533006
NSE Symbol	BIRLACOT
Listing in	'B' Group of Securities
ISIN	INE655101016
Issue price	14
Face Value	10

July 25, 2008

Somi Conveyor Beltings Limited – Listing Price

Somi Conveyor Beltings Limited listed on 24-Jul-2008.

It opened at Rs. 37.65 with touching a high of 37.65. It took a dip till 24.70. Finally closed at Rs. 25.90. Thus a discount of 26.00% below issue price at the end of first day trading.

Other listing details:

	Somi Conveyor Beltings Limited
BSE Script Code	533001
NSE Symbol
Listing in	'B' Group of Securities
Issue Price	35
ISIN	INE323J01019
Face Value	Rs. 10

Vishal Information Technologies Ltd IPO - Final subscription status

Vishal Information Technologies Limited IPO Final subscription status:

Overall subscription: 1.19 times

Retail Individual Investors (RIIs) category: 0.45 times

Qualified Institutional Buyers (QIBs): 0.01 times

Non Institutional Investors: 1.36 times

Birla Cotsyn (India) Ltd IPO – Allotment status

Birla Cotsyn (India) Ltd (BCIL) IPO allotment status is now available at http://www.adroitcorporate.com/ASPPages/IPOStatus.asp

BCIL IPO was open on June 30, 2008 and closed on July 09, 2008. IPO was oversubscribed by 1.11 times (0.9164 times in retail).

July 24, 2008

Somi Conveyor Beltings Ltd – Listing Date

Somi Conveyor Beltings Ltd IPO is getting listed on 24-Jul-08 . Listing details are:

Somi Conveyor Beltings Ltd
Listing Date	24-Jul-2008
BSE Scrip Code	533001
NSE Symbol
Listing in	'B' Group of Securities
ISIN	INE323J01019
Issue price	35
Face Value	10

Nu Tek India Limited - IPO

Nu Tek India Limited
Period	29-Jul to 01-Aug 2008
Size (Equity Shares)	4500000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 170 to Rs 192
Market Lot
Max shares Retails investor can apply at cut off
Registrar	Aarthi Consultants Pvt Ltd
Registrar's email	info@aarthiconsultants.com)
Lead Manager	Spa Merchant Bankers Ltd, India Infoline Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1993 Business: Telecom infrastructure service provider, offering Infrastructure rollout solutions for both mobile and fixed telecommunication networks. Undertake turnkey projects, provide management expertise to their clients for infrastructure creation and installation for telecom sites which includes Passive Infrastructure like Towers, Telecom Shelters, Backup Power - DG sets and Battery Banks, Electrical Infrastructure and Earthing Stations etc. and active infrastructure like Base Transceiver Station (BTS), microwave, optic fibre, Base Station Controller (BSC), Mobile Switching Centres (MSC), IN (Intelligent networks), VAS (Value added services) equipments, transmission equipment such as STM's and Microwaves to the most advanced World Interoperability for Microwave Access (WIMAX) equipment and future ready 3G Nodes. Company also provide technical support services in the High End Telecom segments such as Radio Frequency and Transmission Planning, Network Tuning & Optimization and Quality of Service (QoS) to their clients. Client: Telecommunication Equipment Manufacturers, Telecom operators, Third party infrastructure leasing companies in installing and maintaining Telecom Network Equipment & Infrastructure. Nokia Siemens Networks Pvt Ltd, Ericsson India Pvt Ltd, Motorola India Pvt Ltd, Nortel Networks India Pvt Ltd Telceom Operators: Tata Teleservices Ltd, Reliance Communications Ltd, Bharti Airtel Ltd, Idea Cellular Ltd, Vodafone Essar Ltd(Hutch), Videsh Sanchar Nigam Ltd Third party infrastructure leasing companies: Quipo Telecom Infrastructure Ltd, Essar TTIL Ltd, Xcel Telecom Ltd, IMI Ltd
Objects of the Issue
# Capital Expenditure; # Overseas Acquisitions; # Augmenting Long Term Working Capital requirement; # General Corporate Purposes; # Expenses related to Fresh Issue.

July 22, 2008

Somi Conveyor Beltings Ltd - IPO Allotment status

IPO Allotment Status is now available for Somi Conveyor Beltings Ltd at http://www.mondkarcomputers.com/ipo.asp

July 15, 2008

Vishal Information Technologies Limited - IPO

Vishal Information Technologies Limited
Period	21-Jul to 24-Jul 2008
Size (Equity Shares)	27,90,000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 140 to Rs 150
Market Lot
Max shares Retails investor can apply at cut off
Registrar	Intime Spectrum Registry Ltd
Registrar's email	vitl.ipo@intimespectrum.com
Lead Manager	Keynote Corporate Services Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1994. Subsidiary of Tutis Technologies (Biometric Products, Software Development and consulting). Branches: Mumbai and Chennai. Representative office: UK and UAE. Special points: Among the first few companies to venture in the field of ITES/BPO services. Pioneers in the concept called "Digital Library for Visually Impaired and Blind" in respect of Classic series. Business: Data digitization, E-publishing and digital library, Print on Demand (POD)
Objects of the Issue
# To finance the cost of expansion of the facilities in Chennai; # To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai; # To set up a subsidiary in the United Kingdom and United States of America; # General Corporate Purposes; # Meeting the Public Issue Expenses.

July 14, 2008

KSK Energy - Listed below Issue price

KSK Energy which had ipo price of 240 rs listed today in the bourses but below the issue price at 232 and traded at 180 almost at 10 to 12 percent discount rate .The KSK Energy IPO had got 1.5 time subscription.

July 12, 2008

Lotus Eye Care Hospital - Listing

Lotus Eye Care Hospital on Friday listed at Rs 40 on NSE, a premium of 5.26 per cent or Rs 2 against the issue price of Rs 38.

However, with the market moving down, the stock too moved lower to Rs 37.80. It touched a high of Rs 40 and low of 32.50 in trade so far. Around 29,22,041 shares have been traded on the NSE counter.

On BSE, the stock opened at Rs 35. It hit a high of Rs 38.45 and low of Rs 32.05. At 10:12 am, the stock was Rs 37.70 on volume of 35,94,273 shares.

The hospital is based in the south Indian city of Coimbatore. The company has raised 38 crore rupees through its 10-million share issue. The issue was subscribed 1.18 times.

The company will use the proceeds to part-finance expansion of its existing units and to set up new units in Chennai and Bangalore. Lotus' presence is currently concentrated in Coimbatore, Salem and Tirupur, all in Tamil Nadu.

July 10, 2008

Lotus Eye Care Hospital Ltd IPO – Listing Date

Lotus Eye Care Hospital Limited IPO is getting listed on 11-Jul-08 . Listing details are:

Lotus Eye Care Hospital Limited
Listing Date	11-Jul-2008
BSE Scrip Code	532998
NSE Symbol	LOTUSEYE
Listing in	'B' Group of Securities
ISIN	INE947I01017
Issue price	38
Face Value	10

BIRLA COTSYN (INDIA) LIMITED IPO – Subscription status

BIRLA COTSYN (INDIA) LIMITED IPO Final subscription status:

Overall subscription: 1.11 times

Retail Individual Investors (RIIs) category: 0.92 times

Qualified Institutional Buyers (QIBs): 5.75 times

Non Institutional Investors: 0.01 times

BIRLA COTSYN (INDIA) LIMITED IPO Final subscription status:
Overall subscription: 1.11 times
Retail Individual Investors (RIIs) category: 0.92 times
Qualified Institutional Buyers (QIBs): 5.75 times
Non Institutional Investors: 0.01 times

KSK Energy Ventures Limited IPO – Listing Details

KSK Energy Ventures Limited IPO is getting listed on 14-Jul-08 . Listing details are:

KSK Energy Ventures Limited
Listing Date	14-Jul-2008
BSE Scrip Code	532997
NSE Symbol	KSK
Listing in	'B' Group of Securities
ISIN	INE143H01015
Issue price	240
Face Value	10

July 8, 2008

UTI Asset Management Company IPO - Deferred

UTI Asset Management Company has deferred its proposed initial public offering (IPO). Uncertain marketing conditions have forced the country's oldest mutual fund to postpone its public offer, nearly three months after it received Securities Exchange Board of India (SEBI) approval in April.

KSK Energy Ventures Ltd IPO Allotment Status

KSK Energy Ventures Ltd IPO Allotment Status is now available at http://www.karvy.com/ipoStatus/. The issue opened on June 23, 2008 and closed on June 25, 2008. The issue was oversubscribed by 1.50 times (0.22 times in retail).

July 7, 2008

Birla Cotsyn (India) Limited IPO – Revised Price & Date

Birla Cotsyn (India) Limited IPO issue is extended till Jul 09, 2008 from earlier closing day of Jul 04, 2008. Also price band is revised from Rs 15 - 18 per share to Rs 12 - 14 per share.

July 6, 2008

Archidply Industries Limited – Listing Price

Archidply Industries Limited listed on 04-Jul-2008.

It opened at Rs. 74.55 with touching a high of 74.55. It took a dip till 48.80. Finally closed at Rs. 50.45. Thus providing a premium of - 31.82% over issue price at the end of first day trading.

Other listing details:

	Archidply Industries Limited
BSE Script Code	532994
NSE Symbol	ARCHIDPLY
Listing in	'B' Group of Securities
Issue Price	74
ISIN	INE877I01016
Face Value	Rs. 10

First Winner Industries Ltd IPO – Listing Date

First Winner Industries Ltd IPO is getting listed on 08-Jul-08 . Listing details are:

First Winner Industries Ltd
Listing Date	08-Jul-2008
BSE Scrip Code	532996
NSE Symbol	FIRSTWIN
Listing in	'B' Group of Securities
ISIN	INE315J01015
Issue price	125
Face Value	10

Lotus Eye Care Hospital Ltd IPO allotment status

Lotus Eye Care Hospital Ltd IPO allotment status is available at http://www.skdc-consultants.com/ipo.php?Q=1

The issue was open on June 12, 2008 and closed on June 20, 2008. IPO was oversubscribed by 1.18 times (1.34 times in retail).

First Winner Industries Ltd IPO Allotment status

First Winner Industries Ltd IPO Allotment status is available at http://www.intimespectrum.com/site/ipo.asp

The issue was open on June 09, 2008 and closed on June 17, 2008. IPO was oversubscribed by 1.26 times (1.32 times in retail).

Avon Weighing Systems Ltd. IPO – Listing Date

Avon Weighing Systems Ltd. IPO is getting listed on 03-Jul-08 . Listing details are:

Avon Weighing Systems Ltd.
Listing Date	03-Jul-2008
BSE Scrip Code	532995
NSE Symbol
Listing in	'B' Group of Securities
ISIN	INE207I01016
Issue price	10
Face Value	10

Archidply Industries Limited IPO – Listing Date

Archidply Industries Limited IPO is getting listed on 04-Jul-08 . Listing details are:

Archidply Industries Limited
Listing Date	04-Jul-2008
BSE Scrip Code	532994
NSE Symbol	ARCHIDPLY
Listing in	'B' Group of Securities
ISIN	INE877I01016
Issue price	74
Face Value	10

Avon Weighing Systems Limited IPO – Allotment Status

IPO Allotment Status is available for Avon Weighing Systems Limited IPO on http://www.dfssl.com/INVSERV/defaultIPOSERV.html.

Avon Weighing Systems Ltd IPO was open on June 09, 2008 and closed on June 12, 2008. IPO was fixed price and will list on BSE.

Archidply Industries Ltd IPO – Allotment Status

IPO Allotment Status is available for Archidply Industries Ltd IPO on http://www.karvy.com/ipostatus.

Archidply Industries Ltd IPO was open on June 11, 2008 and closed on June 17, 2008. IPO was oversubscribed by 1.52 times (3.04 times in retail).

Sejal Architectural Glass Ltd. IPO – Listing Date

Sejal Architectural Glass Ltd. IPO is getting listed on 01-Jul-08 . Listing details are:

Sejal Architectural Glass Ltd.
Listing Date	01-Jul-2008
BSE Scrip Code	532993
NSE Symbol	SEJALGLASS
Listing in	'B' Group of Securities
ISIN	INE955I01010
Issue price	115
Face Value	10

Bafna Pharmaceuticals Ltd IPO – Listing Date

Bafna Pharmaceuticals Ltd IPO is getting listed on 27-Jun-08 . Listing details are:

Bafna Pharmaceuticals Ltd
Listing Date	27-Jun-2008
BSE Scrip Code	532989
NSE Symbol
Listing in	'B' Group of Securities
ISIN	INE878I01014
Issue price	40
Face Value	10

KSK Energy Ventures Limited IPO - subscription status

KSK Energy Ventures Limited IPO Final subscription status:

Overall subscription: 1.50 times

Retail Individual Investors (RIIs) category: 0.22 times

Qualified Institutional Buyers (QIBs): 2.22 times

Non Institutional Investors: 1.09 times

BIRLA COTSYN (INDIA) LIMITED - IPO

BIRLA COTSYN (INDIA) LIMITED
Period	30-Jun to 09-Jul 2008
Size (Rs.)	Rs. 1075 millions
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 15 to Rs 18
Market Lot	350
Max shares Retails investor can apply at cut off	350
Registrar	ADROIT CORPORATE SERVICES PVT LIMITED
Registrar's email	birla_ipo@adroitcorporate.com
Lead Manager	ALLBANK FINANCE LIMITED
Listing	BSE, NSE
Grading
About the company
Incorporated: 1941 Promoted by Yash Birla group Business: Cotton Ginning, Pressing & Oil expelling, Manufacture of Synthetic yarn, High quality Synthetic, Blended Ring Spun Yarns for usage in Woven and Knitted Fabrics, Textiles, Blankets, Towels, Upholstery, Furnishings, Curtains, Bed sheets, Made-up and Industrial Fabrics. Birla has excellent sales network in India and abroad for Grey and Dyed Solid Griddles, Fancy, Industrial Knitting and Sewing Ring Spun Yarns in various blends and count range from NE 8s to 60s. Client: Wide network through out India in major textile centers namely Indore, Mumbai, Surat, Ahemedabad, Solapur, Kanpur Meerut, Delhi, Amritsar, Ludhiana,.Paniput, Ichalkaranji, Bhagalpur, Calcutta etc. Exports: To Yeman and Turkey. Units: Sheagaon Road, Khamgaon, Dist. Buldhana, Maharashtra; MIDC, Khamgaon, Dist. Buldhana, Maharashtra; Ghataji, Maharashtra ; Parola Road, Dhule, Dist. Yavatamal, Maharashtra and MIDC Area, Malkapur, District Buldhana, Maharashtra, (under implementation).
Objects of the Issue
Expansion Of Integrated Textile Project At Khamgoan And Malkapur; Set up a garment manufacturing plant; Establish retail outlets; General corporate purposes; Meeting the Public Issue Expenses.