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Open
24 Jun 2008
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Close
27 Jun 2008
3
Allotment
—
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Listing
Thu, Jul 24, 2008
Price Band
₹35 per share
Issue Size
62,27,952 shares (agg. up to ₹22 Cr)
Listing Date
Thu, Jul 24, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.97x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new manufacturing unit | |
| 2 | Purchase of Land and Building from the promoter (s) of the company for office purpose | |
| 3 | Meeting margin money required for the enhanced working capital. | |
| 4 | Meeting the interest cost during the construction period. | |
| 5 | Meeting the Expenses of the Issue. |
About Somi Conveyor Beltings IPO
Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries.The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.The Company’s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.Somi Conveyor Beltings Ltd's sister concerns are: 1. Earth Mover Enterprises 2. Oliver Micon Inc.+ Read More
Contact Details
Somi Conveyor Beltings Ltd. Address4F-15, “Oliver House”New Power House RoadJodhpur, Rajasthan, 342001+ 91-291-2610472ipo@somiconveyor.comVisit Website