Alkali Metals Ltd has extended its IPO closing date to Oct 15, 2008 because of poor response. Issue price has also been revised to Rs 86 /- to Rs 103 /- per share.
Incorporated in 1968, Alkali Metals Limited is ISO 14001:2004 and ISO 9001:2000 certified company engaged in the business of manufacturing a range of fine chemicals, based on related chemistry of Sodium & Pyridine Derivatives.
Products in these categories include amides, hydrides, alkoxides, azides, tetrazoles, pyridine compounds, cyclic compounds, drug and pharma intermediates, specialty fine chemicals etc. In all these categories, Company has developed 246 products. Their products cater to both the domestic and overseas markets. Company manufactures products on bulk and regular basis, campaign basis and on contract manufacturing basis for international customers.
Alkali Metals have a dedicated R & D facility recognised by the Ministry of Science and Technology, New Delhi. Currently, Company has two manufacturing facilities. While Unit I is engaged in the manufacture of sodium metals, organo alkali metallics, tetrazoles and amino pyridines and caters to the domestic market, Unit II, a 100% EOU is engaged in the manufacture of pyridine derivatives, cyclic compounds and fine chemicals. These products find wide application and use in various industries like the pharma, agro based products, pesticides, explosives, bio technology products and electroplating chemicals.
Company has already completed the implementation of the expansion plan in its Unit II. This expansion has enhanced the total existing capacity of both units from the current level of 3450 MT to 4400 MT.
Objects of the Issue
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
- Setting up of an Active Pharmaceutical Ingredients (API) plant at Jawaharlal Nehru
Pharma City at Visakhapatnam with an installed capacity of 672 MTPA - To meet the public issue expenses
Alkali Metals Limited IPO Information
- Public Issue Open: October 07, 2008 to October 10, 2008
- Public Issue Type: 100% Book Built Issue
- Public Issue Size: 2,550,000 Equity Shares of Rs. 10/-
- Face Value: Rs. 10/-
- Public Issue Price: Rs 90 to 105/-
- Maximum Subscription Amount for Retail Investor: Rs 100,000/-
- Listing: BSE, NSE
- Lead Manager: Saffron Capital Advisors Private Limited
- Registrar: Cameo Corporate Services Limited
Registered Office :
Alkali Metals Limited,
Alkali Metals Limited,
B-5, Block III, Industrial Development Area,
Uppal, Hyderabad,
AP 500039.
Phone: + 91-40-2720 2298
Fax: +91-40-2720 1454
Email: [email protected]
Website: http://www.alkalimetals.com/
For our Analysis, visit http://www.vjondalalstreet.com/ipoopen.php
Alkali Metals Limited IPO Allotment Status http://www.vjondalalstreet.com/ipoallot.php
Alkali Metals Limited IPO Allotment Status http://www.vjondalalstreet.com/ipoallot.php
Alkali Metals Limited IPO Basis of Allotment http://www.vjondalalstreet.com/ipoboa.php
Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php
Source of the above-mentioned information is the Draft Prospectus http://www.vjondalalstreet.com/ipodp.php
Posts
0 comments:
Post a Comment