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Open
19 Oct 2005
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Close
25 Oct 2005
3
Allotment
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Listing
Mon, Nov 14, 2005
Price Band
₹115 to ₹135
Issue Size
70,00,000 shares (agg. up to ₹95 Cr)
Listing Date
Mon, Nov 14, 2005
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.62x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 44.84 | 42.40 | 37.20 |
| Total Income | 36.89 | 75.63 | 71.93 |
| Profit After Tax | 5.40 | 11.53 | 7.10 |
| NET Worth | 50.17 | 46.10 | 35.67 |
| Reserves and Surplus | 41.41 | 37.35 | 32.17 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Alps Industries Ltd. | Mainboard | ₹49.81 Cr | ₹120 | 5.71 | ₹105.60 | -12.00% | ₹3.43 (-1.99%) |
| Nandan Exim Ltd. | Mainboard | ₹12.00 Cr | ₹20 | null | ₹50.20 | +151.00% | ₹2.36 (-2.48%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion Plan | 289.94 |
| 2 | Issue Expenses | |
| Total | 289.94 |
About Bannari Amman Spinning Mills IPO
Incorporated in 1995, Bannari Amman Spinning Mills Limited is engaged in the manufacturing of cotton yarn and woven fabric. The company primarily produces cotton hosiery yarn in the count range of 20s to 40s for domestic and export markets. The company operates spinning and weaving facilities located in Tamil Nadu, including a spinning unit at Dindigul with an installed capacity of 29,232 spindles and a weaving division at Coimbatore equipped with 28 Sulzer projectile looms. It also operates captive wind power units in Tamil Nadu to support internal power requirements. Bannari Amman Spinning Mills Limited is part of the Coimbatore-based Bannari Amman Group, which has business interests across sugar, textiles, food processing, transportation, distillery, automobile distribution, and healthcare sectors. The company exports its products to countries including Israel, Mauritius, Egypt, Taiwan, and South Korea.+ Read More
Contact Details
Bannari Amman Spinning Mills Ltd. Address252, Mettupalayam RoadCoimbatore, Tamil Nadu, 64104391-422-243 5555govindjoshi@vsnl.netVisit Website