Pochiraju Industries IPO
Pochiraju Industries IPO — date, price band, lot size & details 2007
Pochiraju Industries listed on 9 Feb 2007 at ₹45.1, 50.3% above the ₹30 issue price.
Pochiraju Industries grows and sells cut roses from Hosur, Tamil Nadu, for Indian and European markets, and used its IPO for biotech and pharma projects. Its total income was Rs 9.50 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 13 November.
- Open 15 Jan 2007
- Close 18 Jan 2007
- Allotment TBA
- Refund/credit TBA
- Listing 09 Feb 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 15 to 18 Jan, 2007 |
|---|---|
| Price Band | ₹25 – ₹30 |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹37.6 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Aarthi Consultants Pvt.Ltd. |
| 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 200 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹6,000 |
| Retail (max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (min) | 167 | 33,400 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 2.42 crore in FY2004 to Rs 9.50 crore in FY2006, and was Rs 13.82 crore in six months to September 2006.
- 02Profit after tax rose from Rs 0.32 crore in FY2004 to Rs 2.57 crore in FY2006, and was Rs 4.01 crore in six months to September 2006.
- 03Net worth rose from Rs 5.46 crore in FY2004 to Rs 12.89 crore on 30 September 2006.
- 04It had sold cut roses since October 1999, including at European auctions.
Risks · 5
- 01The issue money went into biotech and pharma, new businesses unrelated to roses, with Rs 37.57 crore for biotech.
- 02Flower exports depend on weather, freight and European auction prices; it had sold roses only since 1999.
- 03It was a small company with 198 employees.
- 04Income of Rs 13.82 crore in six months to September 2006 was well above its full-year record, so the trend was short.
- 05Promoter holding fell from 85.46% before the issue to 29.74% after it, a low stake.
Three years of numbers
All figures in ₹ crore, as reported in the Pochiraju Industries offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 13.82 | 9.50 | 3.57 | 2.42 |
| Profit After Tax | 4.01 | 2.57 | 0.86 | 0.32 |
| NET Worth | 12.89 | 9.34 | 6.47 | 5.46 |
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 Pochiraju Industries RHP.
Where the money goes
₹47.57 Cr of the issue is earmarked to named objects.
About the company
It has produced and marketed cut flower roses since October 1999, and built a brand for its flowers in domestic markets and European auctions. Its customers are wholesalers, importers and retail outlets.
It had 198 employees including contract labour, and was setting up a bio pharma manufacturing unit at the Shapoorji Pallonji Biotech Park.
The IPO was a fresh issue at Rs 30, the top of the Rs 25 to Rs 30 band. The money was for its biotech division and a pharma division.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
040-27638111/27638111/27638111
The bankers & the filings
Who is running the book, and the documents this page is built from.
Pochiraju Industries 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.
Allahabad Bank
4 issues handledBest listing: Birla Cotsyn (India) (+6.4%). Weakest: Niraj Cement Structurals (-2.6%).
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 Pochiraju Industries?
The current Grey Market Premium is ₹0.
What is the Pochiraju Industries IPO price band?
₹25 to ₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 9 February 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Aarthi Consultants Pvt.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.
