Jyothi Laboratories Ltd – IPO Listing

Date

Wed, December 19, 2007

BSE Script Code

532926

NSE Symbol

JYOTHYLAB

Listing in

B1 Group of Securities

ISIN

INE668F01023

Issue Price

Rs 690-

Face Value

Rs 5-

PORWAL AUTO COMPONENTS LIMITED (PACL)

Period 

17 to 20 Dec 2007

Size (Equity Shares)

5,000,000

Type 

100% Book Building 

Face Value 

Rs. 10- 

Price Range 

Rs 68 to 75

Market Lot 

80 Shares

Max shares Retails investor can apply at cut off

1280 shares (Rs.96000)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

pacl-ipo@intimespectrum.com

Lead Manager 

KEYNOTE CORPORATE SERVICE LIMITED

Listing 

BSE, OTCEI

Grading 

CARE - ‘CARE IPO GRADE 3′ indicating average fundamentals.

About the company 

PACL was incorporated in the year 1992 and has started commercial production since the year 1995. PACL is engaged in the manufacturing of S.G. (Ductile) Iron and Grey Cast Iron Castings and components primarily for the automobile sector.

PACL has its manufacturing facilities at Pithampur district, 30 Kms away from Indore. Presently 90 % of production of PACL is supplied to Eicher Motors Ltd. PACL also caters to the requirements of other reputed companies such as L & T Case Equipments Pvt Ltd, Force Motors Ltd., Eicher Tractors, Gajra Gears Pvt. Ltd, Shakti Pumps India Ltd, Man Force Trucks Pvt. Ltd , Diesel Components Works, Tata Automotive Components Ltd. etc.

The company manufacturers around 12 different categories of castings such as SG Iron & Grey Iron Hubs, Different carriers and cases, bracketory components, Transmission cases, T G cases, Housings & cover components, Brake Drums, Links components, Pulleys, Pump parts, Exhaust manifolds and Bends. These products find applications in automobile and engineering industry.

Objects of the Issue

To augment the current ongoing expansion of its manufacturing capacity of the CI and SG castings from 6600 MT per annum to 27600 MT per annum; Setting up of one Wind Mill, having Power generation capacity of 1.5 MW which would be used for captive consumption; To meet working capital requirement; To meet the Public Issue Expenses and To list the equity shares at the Bombay Stock Exchange.

Precision Pipes and Profiles Company Limited (PPAP)

Period 

17 to 20 Dec 2007

Size (Amt)

Rs. 7500 lacs

Type 

100% Book Building 

Face Value 

Rs. 10- 

Price Range 

Rs 140 to 150

Market Lot 

45 Shares

Max shares Retails investor can apply at cut off

630 shares (Rs.94500)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

Lead Manager 

UTI Securities Limited and NEXGEN Capitals Limited

Listing 

BSE, NSE

Grading 

CRISIL Limited - IPO Grade 4/5 indicating ‘above average fundamentals’

About the company 

PPAP was originally incorporated in 1978 as a partnership firm with the intention of carrying out business of manufacturing of profiles and plastic goods and other products. The firm was converted into a public limited company in 1995.

PPAP is engaged in the business of manufacturing automobile sealing systems and exterior products. Their product range includes weather strips, trim door opening, windshield molding, roof molding, quarter window seal, A-pillar garnish, Bpillar garnish, skirt air damper, body side molding etc. Additionally, they manufacture PVC based customized profiles for white goods and other industries. Their five manufacturing facilities are located in New Delhi and Noida, Uttar Pradesh.

PPAP is OEM suppliers to the automobile industry and the client list includes Maruti Udyog Limited, Honda SIEL, General Motors and Toyota Kirloskar. PPAP is having a technical collaboration with Tokai Kogyo Co. Ltd (TKCL), Japan, to manufacture the automobile products. PPAP has been consistent performer for their partners and have won many awards.

Objects of the Issue

To enhance In-house Tool Manufacturing and Designing Capability and increase production capacity at the existing plant, B-206 A, Noida; To set up a new plant for manufacturing of Auto Components at Surajpur, Greater Noida; To set up a new plant for “Electrical Outlet System” products for PDC at Badarpur, Delhi; General Corporate Purpose; To meet the expenses of the public issue and To list the shares offered through this issue on BSE and NSE

Manaksia Limited

Period 

17 to 19 Dec 2007

Size (Equity shares)

15,500,000

Reserved for Retail 

5,390,000 (35%)

Type 

100% Book Building 

Face Value 

Rs. 2- 

Price Range 

Rs 140 to 160

Market Lot 

40 Shares

Max shares Retails investor can apply at cut off

160 shares (Rs.96000)

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

Manaksia.ipo@intimespectrum.com

Lead Manager 

ICICI SECURITIES LIMITED.

Listing 

BSE, NSE, CSE

Grading 

Already listed company

About the company 

Manaksia is a multi division and multi location company focusing on manufacturing of value added metal products and metal packaging products. Manaksia commenced operations as manufacturer of metal closures in 1984 but has diversified their business into metal products and mosquito coil. The company has fifteen manufacturing units in India and three abroad; two in Nigeria and one in Ghana. Their business can be categorized into (a) metal products; (b) packaging products; (c) mosquito coils; and (d) engineering and others. Their metal products include aluminium alloy ingots, rolled sheets/coils, galvanized steel sheets/coils, color coated metal sheets and Sponge Iron. Their packaging products comprise of ROPP caps, crown closures, plastic caps and metal containers. The company are a third party manufacturer of mosquito coils for reputable brands.

Objects of the Issue

(a) expansion of metals business by purchase of capital equipment, (b) prepayment of certain term debt and (c) for general corporatepurposes.