Plastene India IPO Launched on May 9

Bangalore: Plastene India, a company of a turnover Rs.500 crore, has launched IPO of 9,255,290 equity shares of Rs.10 face value each.

Plastene India manufactures a variety of transport and storage containers for both dry and liquid goods, woven sack product which are used in Chemicals, fertilizers, cement, urea, minerals, resin, polymers and rubber industry, variety of laminates structures for food and non-food applications and wide range of high tenacity Polypropylene Multifilament yarn – dope dyed.

ICRA has assigned Plastene India IPO a Grade 3, which means as per ICRA, company has 'Average Fundamentals'.

Issue Detail:

Issue Open: May 09, 2012 - May 15, 2012
Issue Type: 100 percent Book Built Issue IPO
Issue Size: 9,255,290 Equity Shares of Rs.10
Issue Size: Rs.74.97 – Rs.77.74 Crore
Face Value: Rs.10 Per Equity Share
Issue Price: Rs.81 - Rs.84 Per Equity Share
Market Lot: 75 Shares
Minimum Order Quantity: 75 Shares
Listing At: BSE, NSE