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Open
22 Dec 2004
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Close
31 Dec 2004
3
Allotment
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Listing
Thu, Feb 3, 2005
Price Band
₹10 per share
Issue Size
80,00,000 shares (agg. up to ₹8 Cr)
Listing Date
Thu, Feb 3, 2005
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 29.87x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Assets | 63.02 | 52.63 | 48.09 |
| Total Income | 74.01 | 67.78 | 63.71 |
| Profit After Tax | 2.42 | 1.77 | 2.72 |
| NET Worth | 24.33 | 19.11 | 18.86 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To install 8.25 MVA Furnace for manufacturing 13200 ton of high carbon silico manganese and installation of SSM Convertor for producing 6000 TPA of medium carbon ferro manganese. | 13.51 |
| 2 | Repayment of unsecured loans | 2.25 |
| 3 | To meet the expenses of the Issue | 0.50 |
| Total | 16.26 |
About Impex Ferro Tech IPO
Incorporated in June 1995, Impex Ferro Tech Ltd. was established to set up a plant to manufacture Silico Manganese and Ferro Manganese. In the year 1997-98, the company set up two submerged arc furnaces with capacities of 3.60 MVA & 5 MVA for manufacturing Silico Manganese and Ferro Manganese, respectively, at Kalyaneswary, West Bengal. The company further expanded in the year 2000-01, when the third furnace, rated at 7.50 MVA, was installed, and it commenced production in April 2002. and the same commenced production in April 2002. Encouraged by the market and the acceptance for its products and the growing demand for ferro alloys by the consuming industry, both in the domestic and export market, the company went for further expansion by putting up a fourth submerged arc furnace of 8.25 MVA for manufacturing HC Silico Manganese and commissioned the same in the year 2004. Encouraged further by the buoyant demand for the company’s products, the company undertook another round of expansion in the year 2008-09 by commissioning its 5th submerged electric arc furnace with a capacity of 7.5 MVA for manufacturing Ferro Manganese. The company has been awarded the ISO 9001:2000 certificatio
Contact Details
Impex Ferro Tech Ltd. Address35, Chittaranjan Avenue4th FloorKolkata, West Bengal, 700012+91-033-2211-980imfa@vsnl.comVisit Website