20 Microns IPO
20 Microns IPO — date, price band, lot size & details 2008
20 Microns listed on 6 Oct 2008 at ₹50, 9.1% below the ₹55 issue price.
20 Microns is a Vadodara based maker of processed industrial minerals such as ground calcium carbonate for paints, plastics and other industries. Its total income was Rs 107.93 crore in FY2008.
Stock price
20 Microns is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 08 Sep 2008
- Close 11 Sep 2008
- Allotment TBA
- Refund/credit TBA
- Listing 06 Oct 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 11 Sep, 2008 |
|---|---|
| Price Band | ₹50 – ₹55 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹23.93 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹55 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹5,500 |
| Retail (max) | 36 | 3,600 | ₹1,98,000 |
| S-HNI (min) | 37 | 3,700 | ₹2,03,500 |
| S-HNI (max) | 181 | 18,100 | ₹9,95,500 |
| B-HNI (min) | 182 | 18,200 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 56.94 crore in FY2005 to Rs 107.93 crore in FY2008.
- 02Profit after tax rose from Rs 1.80 crore in FY2006 to Rs 4.59 crore in FY2008.
- 03EBITDA rose from Rs 8.20 crore in FY2006 to Rs 15.62 crore in FY2008.
- 04Net worth rose from Rs 18.70 crore in FY2005 to Rs 28.44 crore in FY2008.
Risks · 5
- 01It made a loss of Rs 6.31 crore in FY2005.
- 02Profit after tax was only Rs 4.59 crore on income of Rs 107.93 crore in FY2008.
- 03Rs 14.72 crore of the Rs 23.93 crore issue went to selling shareholders.
- 04Mineral mining and processing face regulation under the MMDR law; return on net worth was 16%.
- 05Promoter holding was only 48.27% before the issue and 42.54% after it.
Three years of numbers
All figures in ₹ crore, as reported in the 20 Microns offer document.
| Metric | 31 Mar 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 107.93 | 87.84 | 67.87 | 56.94 |
| Profit After Tax | 4.59 | 3.57 | 1.80 | -6.31 |
| EBITDA | 15.62 | 12.36 | 8.20 | 0.17 |
| NET Worth | 28.44 | 23.76 | 20.19 | 18.70 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the 20 Microns RHP.
Where the money goes
₹36.25 Cr of the issue is earmarked to named objects.
About the company
It makes processed industrial minerals, such as ground calcium carbonate, for a range of industrial segments.
It is ISO 9001:2000 certified and has its own research and development laboratory to customise products for clients.
The IPO was Rs 23.93 crore, with Rs 9.22 crore of fresh issue and Rs 14.72 crore of offer for sale, at Rs 55, the top of the Rs 50 to Rs 55 band. The fresh money was for a building, plant and machinery and electricals.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
20 Microns IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Keynote Financial Services
29 issues handledBest listing: Gravita India (+60.9%). Weakest: Vishal Information Technologies (-13.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of 20 Microns?
The current Grey Market Premium is ₹0.
What is the 20 Microns IPO price band?
₹50 to ₹55, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 6 October 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
