VJ on DalalStreet: Gemini Engi-Fab Limited

Gemini Engi-Fab Limited was incorporated as Gemini Engi-Fab Private Limited on January 12, 1998 under the Companies Act, 1956 and was converted into a public limited company on January 9, 2007 with the name “Gemini Engi-Fab Limited. They started their operations in the financial year 1998-99 with manufacturing of spares, channel heads, tube sheets and tube bundles for refineries in an industrial shed at Andheri in Mumbai.

On October 1, 2004 they entered into leave and license agreement with M/s Expert Engineers, a registered partnership firm of the Promoters for using and occupying the factory premises including the machineries and other fittings and fixtures therein located at Umbergaon, Gujarat. In the year 2005, they entered into manufacturing of heat exchangers for refineries and dairy plants. During 2006, they had taken two adjacent plots on lease / leave and license basis from GIDC to further expand our operations. With this, they were able to manufacture pressure vessels, storage vessels, tanks, heat exchangers, distillation and absorption columns with various types of ferrous and non ferrous materials like carbon steel, stainless steel, nickel, copper, monel, inconel, brass and titanium. With the expansion, their weight handling capacity increased from 18 tonnes to 27 tonnes. During 2006-07 they entered into salvaging of equipments and during 2007-08, shifted their Mumbai operations from Andheri to Umbergaon, Gujarat at its existing plant to consolidate all its manufacturing operations.

Objects of the Gemini Engi-Fab Limited IPO
The proceeds from the proposed issue of shares are intended to be deployed for:
1. Setting up of a manufacturing workshop at Umbergaon, Gujarat
2. General corporate purpose
3. Issue expenses

Equity Shares offered: 55,00,000 Equity Shares of Rs Face Value Rs 10/-
- QIB Quota - 27,50,000 Equity Shares
- Non Institutional Portion - 8,25,000 Equity Shares
- Retail Portion - 19,25,000 Equity Shares

Equity Shares outstanding prior to the Issue - 63,52,645 Equity Shares
Equity shares outstanding after the Issue - 1,18,52,645 Equity Shares

Public Issue Open Date - 15-Dec, 2008
Public Issue Close Date - 18-Dec, 2008
Public Issue Price - Rs 75 - 80
Face Value - Rs 10/-
Minimum Application - 75 Equity Shares
Maximum Application Amount - Rs 1,00,000 for Retail Investor
Listing - NSE, BSE

IPO grading
Our Company has appointed CARE for grading. CARE has assigned a ‘CARE IPO GRADE 2’ to the proposed initial public offering of our Company. ‘CARE IPO Grade 2’ indicates below average fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Registered and Corporate Office
501, Palm Spring, Link Road, Next to ‘D’ Mart,
Malad (West), Mumbai-400 064, India.
Tel No. 91-22-2880 8822
Fax no. 91-22-2880 8998
Email: [email protected]
Website: www.geminief.com

Registrars to Gemini Engi-Fab Limited Public Issue
Karvy Computershare Private Limited
Plot no.17-24 Vittal Rao Nagar,
Madhapur, Hyderabad-500081
Tel: (91 40) 2343 1553
Fax: (91 40) 2343 1551
E-mail: [email protected]
Website: www.karvy.com
Contact Person: Mr. Murli Krishna