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Open
16 Oct 2006
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Close
20 Oct 2006
3
Allotment
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Listing
Mon, Nov 20, 2006
Price Band
₹55 per share
Issue Size
2,38,18,182 shares (agg. up to ₹131 Cr)
Listing Date
Mon, Nov 20, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.02x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 280.63 | 279.05 | 245.61 |
| Total Income | 77.89 | 312.43 | 544.65 |
| Profit After Tax | 2.93 | 4.37 | 7.50 |
| NET Worth | 67.25 | 64.32 | 57.40 |
| Reserves and Surplus | 51.00 | 48.06 | 43.56 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rathi Udyog Ltd. | Mainboard | ₹98.00 Cr | ₹50 | null | ₹32.45 | -35.10% | ₹23.79 (+2.02%) |
| Kamdhenu Ispat Ltd. | Mainboard | ₹32.00 Cr | ₹25 | null | ₹45.75 | +83.00% | ₹32.66 (+4.41%) |
| Godawari Power & Ispat Ltd. | Mainboard | ₹70.43 Cr | ₹81 | null | ₹103.15 | +27.35% | ₹246.15 (-2.84%) |
| Gallantt Metal Ltd. | Mainboard | ₹37.12 Cr | ₹10 | 110.05 | ₹14.35 | +43.50% | ₹685.95 (-0.70%) |
| Ramsarup Industries Ltd. | Mainboard | ₹30.00 Cr | ₹60 | null | ₹83.45 | +39.08% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Mechanical Tube Projec | 88.22 |
| 2 | Preliminary & Pre-Operative Expense | 1.50 |
| 3 | Contingency | 2.21 |
| 4 | Working Capital (existing business) | 21.50 |
| 5 | Margin Money for Working Capital (mechanical tube | 5.57 |
| 6 | Public Issue Expenses | 12.00 |
About Zenith Birla FPO
Zenith Birla (India) Ltd, a steel pipe manufacturer is coming up with (FPO) of 2,38,18,182 equity shares of Rs 10 each at a price of Rs 55 per share. Zenith Birla is currently listed in BSE and quoted at Rs 63.55 as of Oct 06 2006 with 52 Week High - Rs 83/-, 52 Week Low - 30/-.Zenith Birla is in manufacturing of ERW welded steel pipes and HSS cutting tools.The Steel Pipe Division of Zenith Birla is located at Khopoli, Maharashtra. The steel pipe plant has an installed capacity of 1,20,000 TPA. The pipes are predominantly used for plumbing, agriculture, irrigation, urban and rural drinking water distribution, structural and industrial applications. Square and rectangular hollow sections manufactured by Zenith are used to replace conventional section such as beams, angles and channels. These sections have higher load bearing capacity with better economics and have better asthetic appeal. Zenith tubular pipes have also substituted seamless pipes for certain applications.Manufacturing facilities of Zenith Birla cutting Tool Division are at two places i.e at Nasik and Aurangabad both in Maharashtra. The cutting tool plants have aggregate capacity to manufacture 203.71 Lac No. per annum
Contact Details
Zenith Birla (India) Ltd. Address1st Floor, Dalamal HouseNariman PointMumbai, Maharashtra, 400021+91-22-2282 1122zenith.po@zenithsteelpipes.comVisit Website