Globus Spirits is coming out with a public issue of 75 lakh equity shares of Rs. 10 each in the price band of Rs. 90 to Rs. 100 per share. The company has come out with this issue to modernize and expand its production facilities. The Company has its own brand presence in country liquor and is a well known liquor player having two distilleries in Haryana and Rajasthan.
The company's results for FY09 has been quite good with sales of Rs. 281 crores and PAT of Rs. 12.93 crores, resulting in an EPS of Rs.10. Even the current quarter of FY10 has also been good with an EPS of Rs. 5.5, which implies an EPS of Rs. 20 plus for FY10, on pre-IPO equity. Another comforting factor is that post-IPO the promoters stake in the company would be around 60%.
Details of the issue:
Issue Size: 75,00,000 Equity Shares of Rs. 10.
Issue Price: Rs. 90 to Rs. 100.
Minimum shares : 70.
Issue opens from August 31, 2009 to September 02, 2009.
Though there are more established players in this segment, this stock is worth looking at and investors can apply for this IPO.
Get Connected
Popular Posts
-
Benefits Of The 1031 Tax Exchange For Property Investors https://flic.kr/p/iQok7n If you’re a property investor - or are consid...
-
The Nifty India Manufacturing Index includes companies from the Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 Index from eligible basic...
-
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers....
-
What is Nifty Bees? Nifty BeES, the first ETF in India, was introduced by Benchmark Asset Management Company in 2002 and currently m...
-
Nifty 50 PR 2x Leverage Index. Nifty 50 Price Returns 2x Leverage Index is designed to generate multiple time return of the underlying index...