Ess Dee Aluminium IPO
Ess Dee Aluminium IPO — date, price band, lot size & details 2006
Ess Dee Aluminium listed on 28 Dec 2006 at ₹265, 17.8% above the ₹225 issue price.
Ess Dee Aluminium makes aluminium foil and PVC films for pharmaceutical blister and strip packaging, with units at Daman and Goa. Its total income was Rs 63.54 crore 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 04 Dec 2006
- Close 08 Dec 2006
- Allotment 19 Dec 2006
- Refund/credit TBA
- Listing 28 Dec 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 8 Dec, 2006 |
|---|---|
| Price Band | ₹200 – ₹225 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹156.73 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 5,625 |
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 25 shares at the ₹225 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹5,625 |
| Retail (max) | 35 | 875 | ₹1,96,875 |
| S-HNI (min) | 36 | 900 | ₹2,02,500 |
| S-HNI (max) | 177 | 4,425 | ₹9,95,625 |
| B-HNI (min) | 178 | 4,450 | ₹10,01,250 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 8.20 crore in FY2005 to Rs 63.54 crore in FY2006, and was Rs 48.00 crore in six months to September 2006.
- 02Profit after tax was Rs 8.96 crore in six months to September 2006, close to the Rs 9.78 crore of all of FY2006.
- 03Net worth rose from Rs 17.38 crore in FY2006 to Rs 47.14 crore on 30 September 2006.
- 04Its Daman unit had 100% income tax exemption from 2006-07 to 2009-10.
Risks · 5
- 01It was formed only in February 2004, and the FY2006 jump came from the amalgamation of Atlanta Vinyl.
- 02It made a loss of Rs 0.31 crore in FY2005.
- 03Rs 53.02 crore of the issue was for general corporate purposes.
- 04Aluminium prices drive its costs, and its customers are concentrated in 1 industry, pharma.
- 05Promoter group holding fell from 87.75% before the issue to 64.62% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Ess Dee Aluminium offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 67.30 | 35.56 | 7.50 |
| Total Income | 48.00 | 63.54 | 8.20 |
| Profit After Tax | 8.96 | 9.78 | -0.31 |
| NET Worth | 47.14 | 17.38 | 1.20 |
| Reserves and Surplus | 8.88 | 9.47 | -0.31 |
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 Ess Dee Aluminium RHP.
Where the money goes
₹178.40 Cr of the issue is earmarked to named objects.
About the company
It cold rolls aluminium foil stock into foil and converts it into printers stock for strip and blister packs. It also makes rigid PVC films and PVdC coated barrier films for blister packaging, aiming to give pharma companies full packaging solutions.
It ran Unit I at Daman and Unit II at Goa, and its wholly owned subsidiary Flex Art Foil had four units at Vasai, Goa, Daman and Baddi. As on 31 October 2006 it had 175 employees. Its FY2006 figures rose sharply after the amalgamation of Atlanta Vinyl.
The IPO was Rs 156.73 crore and was entirely a fresh issue at Rs 225, the top of the Rs 200 to Rs 225 band. The money was for land, buildings and plant and machinery for new capacity, and general purposes.
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.
Ess Dee Aluminium 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.
Axis Capital
260 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
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 Ess Dee Aluminium?
The current Grey Market Premium is ₹0.
What is the Ess Dee Aluminium IPO price band?
₹200 to ₹225, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 December 2006, with listing on 28 December 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services 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.
