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K P R Mill to debut on bourses

Friday, August 24, 2007

K P R Mill will debut on the bourses on Tuesday, 28 August 2007. It will be placed in B1 group on the BSE.

The company has fixed the IPO price at the lower end of the Rs 225-265 price band.

At the IPO price of Rs 225, the PE multiple works out to 14.51, based on the year ended March 2007 EPS of Rs 15.5

The IPO had ended on 7 August 2007 with 1.19 times subscription.

The total bids in the qualified institutional buyers (QIBs) category was subscribed 1.44 times, the non institutional investors category was subscribed 2.07 times, the retail investors category was subscribed 6.17 times.

K P R Mill is a vertically integrated apparel company. It plans to deploy the IPO proceeds to fund expansion of existing garment facility at Arasur, Coimbatore.

During the year ended 31 March 2007, the company exported 99.86% of its readymade knitted apparel directly to international clients and has more than 1000 regular domestic clients for yarn and fabric.

K P R Mill reported a net profit of Rs 58.42 crore on sales of Rs 481.62 crore in the year ended March 2007.

Posted by FR at 9:55 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.