Sejal Architectural Glass IPO
Sejal Architectural Glass IPO — date, price band, lot size & details 2008
Sejal Architectural Glass listed on 1 Jul 2008 at ₹130, 13% above the ₹115 issue price.
Sejal Architectural Glass is a Mumbai based glass processor making insulating, toughened, laminated and decorative glass, which used its IPO for a float glass plant. Its total income was Rs 39.36 crore in FY2007.
Stock price
Sejal Architectural Glass 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 14 November.
- Open 09 Jun 2008
- Close 12 Jun 2008
- Allotment 21 Jun 2008
- Refund/credit TBA
- Listing 01 Jul 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 12 Jun, 2008 |
|---|---|
| Price Band | ₹105 – ₹115 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹105.73 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,900 |
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 ₹115 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹6,900 |
| Retail (max) | 28 | 1,680 | ₹1,93,200 |
| S-HNI (min) | 29 | 1,740 | ₹2,00,100 |
| S-HNI (max) | 144 | 8,640 | ₹9,93,600 |
| B-HNI (min) | 145 | 8,700 | ₹10,00,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 24.48 crore in FY2005 to Rs 39.36 crore in FY2007, and was Rs 45.03 crore in nine months to December 2007.
- 02Profit after tax rose from Rs 2.74 crore in FY2007 to Rs 4.70 crore in nine months to December 2007.
- 03Net worth rose from Rs 8.61 crore in FY2006 to Rs 50.02 crore in December 2007.
- 04Return on net worth was 20.38%.
Risks · 5
- 01The float glass plant needed Rs 309.78 crore of plant and machinery alone, far more than the Rs 105.73 crore raised, so it depended on loans.
- 02Float glass making was new to the company, which had processed glass since 1998.
- 03Profit fell from Rs 2.50 crore in FY2005 to Rs 2.16 crore in FY2006.
- 04Glass making uses a lot of fuel, so energy prices drive costs; Rs 10.38 crore was for working capital margin.
- 05Promoter and promoter group holding fell from 77.58% before the issue to 52.11% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Sejal Architectural Glass offer document.
| Metric | 31 Dec 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 45.03 | 39.36 | 30.72 | 24.48 |
| Profit After Tax | 4.70 | 2.74 | 2.16 | 2.50 |
| NET Worth | 50.02 | 43.11 | 8.61 | 7.12 |
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 Sejal Architectural Glass RHP.
Where the money goes
₹478.57 Cr of the issue is earmarked to named objects.
About the company
It processes glass, with facilities for insulating, toughened, laminated and decorative glass.
Its existing plant was at Dadra.
The IPO was Rs 105.73 crore and was entirely a fresh issue at Rs 115, the top of the Rs 105 to Rs 115 band. The money was for a new float glass plant.
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.
Sejal Architectural Glass 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.
Saffron Capital Advisors Pvt. Ltd
9 issues handledBest listing: DCX Systems (+38.6%). Weakest: Udayshivakumar Infra (-14.3%).
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 Sejal Architectural Glass?
The current Grey Market Premium is ₹0.
What is the Sejal Architectural Glass IPO price band?
₹105 to ₹115, on a face value of ₹10.
When is the allotment?
The basis of allotment is 21 June 2008, with listing on 1 July 2008.
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.
