Euro Ceramics IPO
Euro Ceramics IPO — date, price band, lot size & details 2007
Euro Ceramics listed on 9 Mar 2007 at ₹150, 9.1% below the ₹165 issue price.
Euro Ceramics makes vitrified ceramic tiles and aluminium extruded sections at Bhachau in Kutch, Gujarat. It had tile capacity of 79,971 MTPA at the time of its IPO.
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 07 Feb 2007
- Close 13 Feb 2007
- Allotment TBA
- Refund/credit TBA
- Listing 09 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 13 Feb, 2007 |
|---|---|
| Price Band | ₹150 – ₹180 |
| Face Value | ₹10 |
| Lot Size | 35 Shares |
| Issue Size | ₹92.75 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,775 |
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 35 shares at the ₹165 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹5,775 |
| Retail (max) | 34 | 1,190 | ₹1,96,350 |
| S-HNI (min) | 35 | 1,225 | ₹2,02,125 |
| S-HNI (max) | 173 | 6,055 | ₹9,99,075 |
| B-HNI (min) | 174 | 6,090 | ₹10,04,850 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had 79,971 MTPA of vitrified tile capacity across 2 lines.
- 02It also made 1,800 MTPA of aluminium extruded sections.
- 03Return on net worth was 33.67%.
- 04It had about 683 employees.
Risks · 5
- 01Its first tile line started only in October 2003, so its record was short.
- 02All production was at 1 location in Kutch.
- 03Gas and power costs drive tile margins at its 79,971 MTPA plant.
- 04Tile demand follows the property cycle, and its second line, beyond the first 35,880 MTPA, had only recently started.
- 05Promoter holding fell from 81.95% before the issue to 55.01% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Euro Ceramics offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 78.20 | 132.25 | 228.70 | 29.43 |
| Profit After Tax | 12.25 | 20.44 | 12.84 | 0.69 |
| NET Worth | 72.89 | 60.65 | 46.42 | 9.77 |
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 Euro Ceramics RHP.
Where the money goes
₹96.87 Cr of the issue is earmarked to named objects.
About the company
It makes vitrified ceramic tiles and aluminium extruded sections at its plant at Taluka Bhachau, District Kutch, Gujarat. Its customers include companies, institutional buyers, builders, architects and retail buyers.
It had two tile lines with total installed capacity of 79,971 MTPA, the first of 35,880 MTPA started in October 2003, and 1,800 MTPA of aluminium extrusions. As on 31 December 2006 it had about 683 employees.
The IPO was Rs 92.75 crore and was entirely a fresh issue at Rs 165, within the Rs 150 to Rs 180 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.
Euro Ceramics 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: 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 Euro Ceramics?
The current Grey Market Premium is ₹0.
What is the Euro Ceramics IPO price band?
₹150 to ₹180, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 9 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.
