Mumbai,29th August 2012.(Sachin Murdeshwar):Thejo Engineering Ltd, one of the few companies in the sub-continent offering manufacturing, marketing and servicing activities under one roof, has developed a strong brand and goodwill in the industry they operate in. On a standalone basis, the Company's total revenue touched Rs. 117.86 crore for the year ended 31st March 2012 as against Rs.96.20 crore in FY 2010-11 and Rs. 65.96 crore for FY 2009-10. The profits after tax (PAT) for the corresponding periods was Rs. 9.02 crore, Rs. 3.83 crore and Rs. 2.27 crore respectively. Over FY09-10 to FY11-12, Revenue has grown at a CAGR of 34% and EBIDTA at a CAGR of 46%.
Chennai-based Thejo Engineering Limited proposes to enter the capital markets on 4th September 2012 with a public issue aggregating upto Rs.21 crore through a book building process.The Price Band has been fixed at Rs. 402 to Rs. 430 per equity share of Rs. 10 each and the Issue closes on 6th September 2012. CRISIL has assigned fundamental grade of
'SME 5/5' to IPO indicating that the fundamentals of the IPO are excellent as compared to other SMEs in India.The IPO is priced at the P/E ratio of 5.29x at the lower end and 5.66x at the upper end of the price band. Thejo Engineering Limited is an engineering solutions provider for bulk material handling, mineral processing and corrosion protection to the core sector industries like mining, power, steel,cement, ports, fertilizers etc.IDBI Capital Market Services Limited is the sole Book Running Lead Manager for the Issue and Cameo Corporate Services Limited is the Registrar to the Issue. This is the first stock that is proposed to be listed on Emerge - the SME platform by NSE.In fiscal 2012, Thejo's products and services contributed 53% and 43% of its total income respectively. Since the last two years it has initiated trading in certain manufactured products of international repute which supplements its current product line. Thejo has four manufacturing units located near Chennai and pan India presence through 11 branch offices and 36 site offices located across 14 states. Its international presence through partnerships and distribution network extends across Australia, Kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.
Chennai-based Thejo Engineering Limited proposes to enter the capital markets on 4th September 2012 with a public issue aggregating upto Rs.21 crore through a book building process.The Price Band has been fixed at Rs. 402 to Rs. 430 per equity share of Rs. 10 each and the Issue closes on 6th September 2012. CRISIL has assigned fundamental grade of
'SME 5/5' to IPO indicating that the fundamentals of the IPO are excellent as compared to other SMEs in India.The IPO is priced at the P/E ratio of 5.29x at the lower end and 5.66x at the upper end of the price band. Thejo Engineering Limited is an engineering solutions provider for bulk material handling, mineral processing and corrosion protection to the core sector industries like mining, power, steel,cement, ports, fertilizers etc.IDBI Capital Market Services Limited is the sole Book Running Lead Manager for the Issue and Cameo Corporate Services Limited is the Registrar to the Issue. This is the first stock that is proposed to be listed on Emerge - the SME platform by NSE.In fiscal 2012, Thejo's products and services contributed 53% and 43% of its total income respectively. Since the last two years it has initiated trading in certain manufactured products of international repute which supplements its current product line. Thejo has four manufacturing units located near Chennai and pan India presence through 11 branch offices and 36 site offices located across 14 states. Its international presence through partnerships and distribution network extends across Australia, Kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.
No comments:
Post a Comment