Vishal Information Technologies Ltd

Listing Date

11-Aug-2008

BSE Scrip Code

533011

NSE Symbol

VITLINFO

Listing in

‘B’ Group of Securities

ISIN

INE108J01014

Issue price

150

Face Value

10

Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.)

Period 

11-Aug to 13-Aug 2008

Size (Equity Shares)

5000000

Type 

100% Book Built Issue (Initial Public Offer IPO)

Face Value 

Rs. 10- 

Price Range 

Rs 263 to Rs 272

Market Lot 

Max shares Retails investor can apply at cut off

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

rmmil.ipo@intimespectrum.com)

Lead Manager 

Motilal Oswal Investments Advisors Pvt Ltd

Listing 

BSE, NSE

Grading 

About the company 

Incorporated: 1987 Business: Extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China.

Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content.

They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra. Company have also applied for two prospecting leases of iron ore in Banda region to the Collector of Sindhudurg district. They are also engaged in merchant export of iron ore fines to China. Resurgere Mines also propose to venture in bauxite mining and processing business in the near future and hold a mining lease over bauxite mines situated in Yelwan Jugai, Maharashtra through wholly owned subsidiary M/s. Warana Minerals Private Limited (WMPL). WMPL is a partner with 60% share in a registered partnership firm, Shri Warana Minerals which is engaged in the business of mining bauxite ore under the said 30 year mining lease.

The mining assets of Company, except Banda mine, have cumulative estimated reserve of 74.82 million tonnes of iron ore and 4.92 milllion tonnes of bauxite as certified by Central Mining Research Institute.

Objects of the Issue

# Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines;

# Purchase of railway rakes to set up our own logistics infrastructure facilities;

# Margin money for working capital;

# General Corporate Purposes.

Austral Coke & Projects Limited

Period 

07-Aug to 13-Aug 2008

Size (Equity Shares)

7260000

Type 

100% Book Built Issue (Initial Public Offer IPO)

Face Value 

Rs. 10- 

Price Range 

Rs 164 to Rs 196

Market Lot 

34

Max shares Retails investor can apply at cut off

510

Registrar 

Intime Spectrum Registry Ltd

Registrar’s email 

austral.ipo@intimespectrum.com)

Lead Manager 

Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd

Listing 

BSE, NSE

Grading 

About the company 

Incorporated: 1994 Business:Manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries.

Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects.

Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY’09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.

Objects of the Issue

# Setting up of 1,50,000 MTPA of LAM Coke plant;

# Captive Power plant of 8 MW;

# Acquire prospecting Mining Licenses in India / internationally;

# Prepayment of High cost debt;

# General Corporate Purposes;

# Expenses related to Fresh Issue.