Incorporated in 2008, Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes viz. suction & delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system.
The pipes manufactured by Texmo suits the requirements of application in irrigation, agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, and bore / tube well for underground water suction. Texmo Pipes has marketing presence in the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Expansion of product range; | ₹11 |
| 2 Setting up manufacturing facilities for injection mouldings/fittings and woven sacks | ₹22 |
| 3 Meeting long term working capital requirements; | ₹10 |
| 4 General corporate purposes; and | ₹0 |
| 5 Issue expenses | ₹6 |
| Metric | 30-Oct-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 4,310 | 4,703 | 5,908 |
| PAT | 336 | 433 | 426 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,450,000 (49%) | — |
| NII / HNI | — | 735,000 (15%) | — |
| Retail (RII) | — | 1,715,000 (34%) | — |
| Employee | — | 100,000 (2%) | — |
| Total | — | 5,000,000 (100%) | — |
* Amount calculated at upper price band (₹90) · ** Total includes all investor categories
- Retail allocation is good at 34% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 49%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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