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Issue Open Date
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29-Sep-11
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Issue Closing Date
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05-Oct-11
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Application Money
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100
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Allotment Money
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Price Band
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145
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155
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Minimium Application No.
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40
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Issue Size (Shares)
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6750000
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Market Lot
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1
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Objective
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1. Expansion of manufacturing facilities at SEZ and DTA units at Pithampur;2. Setting up of Dripper Project at Kashipur;3. Working capital requirements;4. General corporate purposes;5. To meet issue expenses.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1012500
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2375840
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2.34650864197531
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Qualified Institutional Buyers
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3375000
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1716200
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0.508503703703704
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Retail Individual Investors
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2362500
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3773400
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1.59720634920635
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Business Description
Our Company was originally constituted as a partnership firm under the Indian Partnership Act, 1932 on January 22,1966 under the name and style of Saurabh Potteries & Ceramics with its principal place of business at Indore withMr. Badri Narayan Kalani & Sons (HUF), Ms. Padma Kalani and two others represented by their natural guardian.Since then, the partnership was reconstituted from time to time by way of admission of new partners or resignationof the then existing partners. With effect from March 1, 1993, the name of the partnership was changed to NaviskaPackaging and a fresh partnership deed was executed. The partners of the Naviska Packaging were Indore Land &Finance Limited, Ms. Radhabai Kalani, Gagan Commercial Agencies Limited, Olive Commercial CompanyLimited, Ms. Padma Kalani, Saka Tradings Private Limited, Manka Commercials Private Limited, MillionProperties Private Limited and Alpine Properties Private Limited.Thereafter, pursuant to the provisions of section 567 of Part IX of the Companies Act, Naviska Packaging wasconverted into a private limited company as Naviska Packaging Private Limited on April 8, 1993. The subscribers tothe Memorandum were, Ms. Radhabai Kalani, Ms. Padma Kalani, Indore Land & Finance Limited, GaganCommercial Agencies Limited, Olive Commercial Company Limited, Saka Tradings Private Limited, MankaCommercials Private Limited, Million Properties Private Limited and Alpine Properties Private Limited.The name of our Company was changed to Giltpac International India Private Limited w.e.f. June 29, 2001. Thename of our Company was again changed to Naviska Packaging Private Limited w.e.f. January 01, 2003. OurCompany was converted into a public limited company and the name was changed to Flexituff International Limitedw.e.f. April 25, 2003.We currently manufacture FIBC, Geo-Textile Fabric and Ground Cover, Reverse Printed BOPP Woven Bags,Special PP Bags including Leno Bags. These products are manufactured at our three manufacturing units located inPithampur (M.P.) and Kashipur (Uttrakhand).We also have a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and makingvarious compounds of plastics. Our step down subsidiary, Lakshmi Incorporated, U.S.A manufactures reclosableextruded zipper profile which is used as a secondary closure for 5-50 kg bags.Further, we also have a Research and Development centre at Kashipur which is engaged in the research anddevelopment of various compounds for plastic products including engineering plastic, bio-degradable plastic andother new product developments.
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Promoter's Holding
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Total Share Capital
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5637820
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Offered to Public
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4500000
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Promoter's Holding (Pre-Issue)
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32.75
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Promoter's Holding (Post-Issue)
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25.97
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Address |
304
Diamond Prestige
41- A
A J C Bose Road
Kolkata,
West Bengal,
700017
Phone : 033-32212690, 40053995
Email : investors@flexituff.com
Website : www.flexituff.com
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Registrar |
Link Intime India Pvt Ltd.
C-13 Pannalal Silk Compound
L B S Marg
Bhandup
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Collins Stewart Inga Pvt Ltd
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Promoters |
Kalani Industries Pvt Ltd
Miscellani Global Pvt Ltd
Sanovi Trading Pvt Ltd
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