The initial public
offering (IPO) of Delhi-based NCML Industries will open on December 29, 2014.
The price band has been fixed at Rs. 100 to Rs. 120 a share. 60 lakh equity
shares of face value Rs. 10 each will be offloaded by the selling shareholders
Mohit Nidhi Agro Oil, Sundaram Distributors &Jagprem Vyapaar.
The company will not
receive any proceeds from the offer, and all proceeds will go to the selling
shareholders.
The offer will
constitute 25.48% of the post-offer paid-up equity share capital of the firm,
and the shares are proposed to be listed on the BSE & NSE.
ICRA gives Grading
3..!
The IPO, which will
be done through the book building process, will close on January 2, 2014.
ICRA has graded the
issue and assigned it ‘IPO grading 3’, indicating average fundamental.
The firm is in the
business of importing, manufacturing & marketing of edible oils in India.
It has an international presence, too.
For the year ended
March, the total revenue of NCML Industries stood at Rs. 2,767 crore and net
profit of to Rs. 55.22 crore. The total revenue for the first quarter of the
current fiscal ending June 30 was Rs. 881.69 crore and PAT was Rs. 6.64 crore,
the firm said in a statement.
The firm now plans to
foray into newer markets & increase its customer base. It is planning to
set up manufacturing facilities in strategic locations to increase its presence
in new markets.
NCML had set up its
own refinery unit in FY2011-12 with an installed capacity of 350 TPD at Khasra
in Pilakhua district of Uttar Pradesh.
As on June 30, 2014
the company had 2 distributors in Himachal Pradesh, 30 distributors in Punjab
region, 30 distributors in Haryana and two distributors in Jammu & Kashmir.
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