? First IPO to be for auction on EMERGE, the SME platform involving NSE
? CRISIL has assigned fundamental quality of `SME 5/5 to the IPO showing that the fundamentals of the IPO are excellent as compared to other SMEs in India.
? Thejos revenue has grown for a CAGR of 34% and EBIDTA at a CAGR connected with 46% over FY09-10 to FY11-12
? The explains to you are offered at a P/E multiple of 5.29x at the lower end in addition to 5.66x at the upper conclusion of the price band
? Thejo has got global presence through that it is subsidiary in Australia, joint venture around Bahrain to service customers within Saudi Arabia and has signed a new MOU for a joint venture in South america to handle business from Brazilian, Argentina, Uruguay and Paraguay
India, 30 July, 2012: Chennai-based Thejo Engineering Limited proposes to enter the capital markets on 4th September 2012 using a public issue aggregating upto Urs 21 crore through a book constructing process,Jordan 5 Cool Grey. The Price Band has become fixed at Rs 402 so that you can Rs 430 per equity reveal of Rs 10 each and the Issue closes about 6th September 2012. CRISIL has assigned fundamental grade with `SME 5/5 to IPO indicating which the fundamentals of the IPO are fantastic as compared to other SMEs in Asia.. The IPO is priced at your P/E ratio of 5.29x in the lower end and 5.66x at the upper end of the price band. Thejo Engineering Limited is usually an engineering solutions provider with regard to bulk material handling, nutrient processing and corrosion safety to the core sector industrial sectors like mining, power, metal, cement, ports, fertilizers etcetera,
IDBI Capital Market Services Limited is the sole Book Going Lead Manager for the Problem and Cameo Corporate Services Minimal is the Registrar to the Issue. This can be the first stock that is recommended to be listed on Emerge C the SME platform by NSE.
Thejo Architectural Ltd, one of the few companies inside sub-continent offering manufacturing, marketing as well as servicing activities under one roof, is rolling out a strong brand and goodwill in the marketplace they operate in. On a standalone basis, the Companys total sales touched Rs 117.86 crore for the year ended 31st 03 2012 as against Rs Ninety-six.20 crore in FY 2010-11 and Rs 65.96 crore for FY 2009-10. The profits after tax (PAT) to the corresponding periods was Urs 9.02 crore, Rs 3.83 crore and Rs 3.27 crore respectively. Over FY09-10 to be able to FY11-12, Revenue has grown at a CAGR of 34% and EBIDTA at a CAGR of 46%
Throughout fiscal 2012, Thejos products and services contributed 53% and 43% of its total earnings respectively. Since the last two ages it has initiated trading in certain manufactured products of worldwide repute which supplements it's actually current product line.
Thejo has a number of manufacturing units located near Chennai and pan India profile through 11 branch places of work and 36 site practices located across 14 states. Its international presence through partnerships and distribution network extends across Australia, Business of Saudi Arabia, the USA, Indonesia, Chile, Brazil and Ghana.
The Company provides invest the net proceeds in the Issue to set up a poly-urethane model with investment of Rs 68.28 lacs, expansion of the earlier facility with an investment involving Rs 6.87 crore, setting up R&D unit with a full outlay of Rs Only two.83 crore and setting up a filling plant with a total cost involving Rs 1.69 crore, all at Chennai. It also proposes to investment decision Rs 6.42 crore around Thejo Australia Pty Ltd., its Australia subsidiary.
Thejo Engineering currently patterns, manufactures and supplies wear and abrasion rubber goods for the mineral processing industry in Australia and has incorporated Thejo Questionnaire Pty Ltd, a subsidiary nationwide to enable it to enter the skills business. This company will center on offering belt conveyor related maintenance services and rubber cellular lining activities,Retro Jordan 5, initially to customers in Western Australia.
It is also keen to establish a branch/subsidiary in western Africa. It has secured selected orders for mill liners from mine(s) around Ghana and is exploring other this kind of opportunities and intend to interact with agents to market products in the THEJO brand in the Western Africa countries such as Ghana, Ivory Coastline, Burkina Faso,Air Jordan 5, Togo etc. The Company has signed a joint venture with Hatcon LLC involving Bahrain and intends to obtain a manufacturing license in the JV which can act as a base to serve the entire GCC markets.
Thejo has put into an MOU with Tecnoflex Ind.Mec.Ltda (Tecnoflex) (MoU) with an intent of establishing a joint venture around Brazil for marketing of products and services from the merged product profile within Brazil, Argentina, Uruguay & Paraguay.
Disclaimer:"The Company is proposing, governed by market conditions and other issues to consider, a public issue of the equity shares and has recorded a Red Herring Prospectus with all the Registrar of Companies. This Red Herring Prospectus is available over the internet of NSE at www.nse.world wide web and the website of the Ebook Running Lead Manager on www.idbicapital.com. Investors must note that investment in equity gives you involves a high degree of threat and for details relating to the exact same, see the section titled "Risk Factors" from the Red Herring Prospectus. The a guarantee shares of the Company haven't been and will not be registered within the U.S. Securities Work of 1933, as amended ("U.Azines. Securities Act") or any condition securities laws in the United States, and may not be offered or sold within the United States or to, or even for the account or benefit for, "U.S. persons" (as defined in Regulation S), except pursuant to the exemption from, or in a new transaction not subject to, the particular registration requirements of the You actually.S. Securities Act and also applicable U.S. talk about securities laws,www.airjordan5-retros.com."
For even more details contact: Kishor Tapre Prana PR- 9819551567
August Thirtieth, 2012 @ 01:04pm
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