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Open
22 Jan 2007
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Close
25 Jan 2007
3
Allotment
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Listing
Thu, Feb 15, 2007
Price Band
₹95 to ₹113
Issue Size
1,32,31,000 shares (agg. up to ₹150 Cr)
Lot Size
60 Shares
Listing Date
Thu, Feb 15, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 43.46x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sakuma Exports Ltd. | Mainboard | ₹33.33 Cr | ₹50 | 35 | ₹47.10 | -5.80% | ₹1.73 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Establishment of ADCs in India | 51.22 |
| 2 | Establishment of SRCs in India | 5.90 |
| 3 | Investment in the wholly owned subsidiary, Cadensworth (India) Private Limited: (a) establishment of an SRC for LCD repairs | 3.06 |
| 4 | Investment in the wholly owned subsidiary, Cadensworth (India) Private Limited: (b) upgradation of capacities of existing SRCs for processors and motherboards | 1.61 |
| 5 | Investment in the wholly owned subsidiary, Cadensworth (India) Private Limited: (c) establishment of an SRC for networking products | 0.45 |
| 6 | Investment in the subsidiary, Redington Gulf FZE: (a) Establishment of an ADC in Dubai | 29.00 |
| 7 | Investment in the subsidiary, Redington Gulf FZE: (b) Installation of an ERP system for Redington Gulf | 13.50 |
| 8 | General corporate purposes, including meeting incremental working capital requirements for domestic and overseas operations | 34.25 |
About Redington IPO
Redington (India) Limited is one of the leading distributors of IT products and providers of logistics, supply chain management and other support services in India, Middle East and Africa. Apart from distribution they also provide support services for IT hardware and mobile phones.Redington's international operation is principally concentrated in Middle East and Africa. They operate in Middle East and Africa through their subsidiary Redington Gulf FZE and its subsidiaries.Redington another wholly owned subsidiary, RDPL caters to the Sri Lankan and Bangladesh market in addition to the zero duty business in India.+ Read More
Contact Details
Redington (India) Ltd. AddressSPL Guindy House, 95, Mount Road, GuindyChennai, Tamil Nadu, 600032+91 44 2235 3313investors@redington.co.inVisit Website