For updates visit


Indian Stock Market


Simplex Projects will debut on BSE and NSE on 3 August 2007

Thursday, August 2, 2007

It will be placed in the B1 group on BSE.

The Kolkata-based firm had set the issue price at the top end of the Rs 170 - 185 price band.

Simplex Projects IPO ended with 85.53 times subscription. The issue received total bids for 25.66 crore shares compared with total issue size of 30 lakh shares.

The total bids in the qualified institutional buyers (QIBs) category were 13.56 crore shares.

The non institutional investors bid for 6.92 crore shares and the retail investors bid for 5.17 crore shares.

At the offer price band of Rs 170-Rs 185, the PE range on the basis of standalone FY 2007 EPS of Rs 8.70, works out to 19.5 to 21.3

The funds would be used for long-term working capital and to acquire plant and machinery.

Simplex posted a net profit of Rs 10.49 crore for the year ended March 2007, on sales of Rs 135.76 crore.

Simplex specialises in piling and foundation, civil construction and transportation engineering projects.

Posted by FR at 5:35 PM  

Catagories

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

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.