Nandan Exim IPO
Nandan Exim IPO — date, price band, lot size & details 2005
Nandan Exim listed on 13 Jun 2005 at ₹48, 140% above the ₹20 issue price.
Nandan Exim is a Chiripal group textile company that was setting up a plant to make denim and grey fabric. Its total income was Rs 9.17 crore in FY2004.
Stock price
Nandan Exim 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 12 November.
- Open 12 May 2005
- Close 20 May 2005
- Allotment TBA
- Refund/credit TBA
- Listing 13 Jun 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 20 May, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 250 Shares |
| Issue Size | ₹12 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | Datamatics Business Solutions Ltd. |
| Min Investment | ₹ 5,000 |
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 250 shares at the ₹20 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 250 | ₹5,000 |
| Retail (max) | 40 | 10,000 | ₹2,00,000 |
| S-HNI (min) | 41 | 10,250 | ₹2,05,000 |
| S-HNI (max) | 200 | 50,000 | ₹10,00,000 |
| B-HNI (min) | 201 | 50,250 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its new project had capacity for 140 lakh metres of denim and 104 lakh metres of grey cloth a year.
- 02The promoters were committing Rs 2427.14 lakh to the project.
- 03Net worth rose from Rs 10.75 crore in FY2003 to Rs 13.76 crore in FY2004.
- 04Total income rose from Rs 7.05 crore in FY2003 to Rs 9.17 crore in FY2004.
Risks · 5
- 01The denim project was new, so most of its future income depended on a plant not yet built; total income was only Rs 9.17 crore in FY2004.
- 02The project was funded partly by term loans, adding debt to a small company with Rs 13.76 crore of net worth.
- 03Denim and cotton fabric prices are cyclical and export markets are competitive; the issue was Rs 12 crore.
- 04Its financial figures come from a SEBI filing made about five months before the issue, at Rs 20 per share.
- 05Promoter group holding fell from 100% before the issue to 56.83% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Nandan Exim offer document.
| Metric | 31 Dec 2004 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | - | 9.17 | 7.05 |
| NET Worth | - | 13.76 | 10.75 |
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 Nandan Exim RHP.
Where the money goes
₹12.00 Cr of the issue is earmarked to named objects.
About the company
It is a textile company, and its promoters planned to use their experience and contacts in international textile markets.
It was setting up a project to make denim fabric and grey cloth, with installed capacities of 140 lakh metres and 104 lakh metres a year, funded partly by Rs 2427.14 lakh of promoter contribution and term loans.
The IPO was Rs 12 crore and was entirely a fresh issue at Rs 20 per share, with a face value of Rs 10.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
022-66712001
The bankers & the filings
Who is running the book, and the documents this page is built from.
Nandan Exim 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.
Centrum Capital Ltd.
27 issues handledBest listing: Saksoft (+92.3%). Weakest: Prime Focus (-22.8%).
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 Nandan Exim?
The current Grey Market Premium is ₹0.
What is the Nandan Exim IPO price band?
₹20, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 13 June 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Datamatics Business Solutions Ltd..
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.
