Tulsi Extrusions IPO
Tulsi Extrusions IPO — date, price band, lot size & details 2008
Tulsi Extrusions listed on 25 Feb 2008 at ₹99, 16.5% above the ₹85 issue price.
Tulsi Extrusions is a Jalgaon based maker of PVC pipes and fabricated fittings, which also trades in construction inputs. Its total income was Rs 60.48 crore in FY2007.
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 01 Feb 2008
- Close 05 Feb 2008
- Allotment 15 Feb 2008
- Refund/credit TBA
- Listing 25 Feb 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 5 Feb, 2008 |
|---|---|
| Price Band | ₹80 – ₹85 |
| Face Value | ₹10 |
| Lot Size | 75 Shares |
| Issue Size | ₹48.45 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,375 |
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 75 shares at the ₹85 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 75 | ₹6,375 |
| Retail (max) | 31 | 2,325 | ₹1,97,625 |
| S-HNI (min) | 32 | 2,400 | ₹2,04,000 |
| S-HNI (max) | 156 | 11,700 | ₹9,94,500 |
| B-HNI (min) | 157 | 11,775 | ₹10,00,875 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 8.07 crore in FY2005 to Rs 60.48 crore in FY2007, and was Rs 41.55 crore in eight months to November 2007.
- 02Restated profit after tax rose from Rs 0.09 crore in FY2005 to Rs 4.16 crore in FY2007.
- 03Net worth rose from Rs 1.91 crore in FY2005 to Rs 24.18 crore in November 2007.
- 04Return on net worth was 36.62%.
Risks · 5
- 0137.73% of FY2007 income, Rs 22.82 crore, came from trading, which the prospectus called non recurring.
- 02Profit was tiny until recently, only Rs 0.09 crore in FY2005.
- 03PVC resin prices follow crude oil; Rs 27.28 crore was for expanding the plant.
- 04It had negative net cash flows in some years, such as FY2003 and FY2004, as disclosed in the prospectus.
- 05Promoters held 100% before the issue and 54.38% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Tulsi Extrusions offer document.
| Metric | 30 Nov 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 41.55 | 60.48 | 20.67 | 8.07 |
| Profit After Tax | 4.72 | 4.16 | 1.23 | 0.09 |
| NET Worth | 24.18 | 11.36 | 4.43 | 1.91 |
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 Tulsi Extrusions RHP.
Where the money goes
₹59.38 Cr of the issue is earmarked to named objects.
About the company
It makes PVC pipes and fabricated fittings. Its first unit at Jalgaon began production in 1995-96 with a capacity of 1,440 metric tonnes, raised to 3,000 metric tonnes the next year.
In FY2007, 37.73% of its total income came from trading in construction inputs such as tor steel and MS angles.
The IPO was Rs 48.45 crore and was entirely a fresh issue at Rs 85, the top of the Rs 80 to Rs 85 band. The money was for expanding its Jalgaon plant, working capital and branch offices.
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.
Tulsi Extrusions 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.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
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 Tulsi Extrusions?
The current Grey Market Premium is ₹0.
What is the Tulsi Extrusions IPO price band?
₹80 to ₹85, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 February 2008, with listing on 25 February 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.
