Abhishek Mills IPO
Abhishek Mills IPO — date, price band, lot size & details 2007
Abhishek Mills listed on 19 Mar 2007 at ₹85.15, 14.9% below the ₹100 issue price.
Abhishek Mills spins cotton yarn and provides job work services, and used its IPO to move into yarn dyed shirting fabric. Its sale of manufactured goods was Rs 4084.54 lacs in FY2006.
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 12 November.
- Open 20 Feb 2007
- Close 01 Mar 2007
- Allotment 12 Mar 2007
- Refund/credit TBA
- Listing 19 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 Feb to 1 Mar, 2007 |
|---|---|
| Price Band | ₹90 – ₹100 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹41 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
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 60 shares at the ₹100 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹6,000 |
| Retail (max) | 33 | 1,980 | ₹1,98,000 |
| S-HNI (min) | 34 | 2,040 | ₹2,04,000 |
| S-HNI (max) | 166 | 9,960 | ₹9,96,000 |
| B-HNI (min) | 167 | 10,020 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Sale of manufactured goods rose from Rs 3383.46 lacs in FY2004 to Rs 4308.39 lacs in FY2005.
- 02It earned Rs 1336.14 lacs from services in six months to September 2006.
- 03Return on net worth was 28.78%.
- 04It employed over 242 people.
Risks · 5
- 01Sale of manufactured goods fell from Rs 4308.39 lacs in FY2005 to Rs 4084.54 lacs in FY2006.
- 02It earned export revenue from a limited number of buyers, with over 242 employees to keep busy.
- 03Getting the right raw cotton on time is key; sales fell from Rs 4308.39 lacs to Rs 4084.54 lacs in FY2006.
- 04The shirting fabric project was a new business, funded by the Rs 41 crore issue.
- 05Promoter group holding fell from 100% before the issue to 70.73% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Abhishek Mills offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 44.57 | 78.36 | 64.55 | 36.55 |
| Profit After Tax | 6.51 | 13.21 | 10.45 | 1.74 |
| NET Worth | 51.09 | 45.91 | 30.76 | 16.44 |
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 Abhishek Mills RHP.
Where the money goes
₹222.32 Cr of the issue is earmarked to named objects.
About the company
It makes cotton yarn, selling in India and exporting to a limited number of buyers, and also earns income from services.
Its expansion project was to make yarn dyed shirting and woven and processed fabric from cotton yarn. It employed over 242 people.
The IPO was Rs 41 crore and was entirely a fresh issue at Rs 100, the top of the Rs 90 to Rs 100 band.
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.
Abhishek Mills 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.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Bharti Infratel (-9.1%).
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 Abhishek Mills?
The current Grey Market Premium is ₹0.
What is the Abhishek Mills IPO price band?
₹90 to ₹100, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 March 2007, with listing on 19 March 2007.
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.
