Texmo Pipes IPO Allotment Status is declared can be checked online now

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QIB: 0.57 times
Non-Institutional Investors: 1.11 times
Retail: 0.59 times
Employees: 0.00 times
Overall: 0.65 times

Texmo Pipes & Products Ltd. IPO has been subscribed 38% on the first day of its opening. The Retail Category has received bids for 710025 Equity Shares as against 1715000 Equity Shares reserved for the category, thereby making the Retail Category subscribed 0.41 times or 41%. The Category-wise subscription status on Day 1 is given below:

Texmo Pipes & Products Ltd. IPO Bidding Status as on Day 1, i.e. as on Tuesday, February 16, 2010 1700 hrs IST:

QIB: 0.20 times
Non-Institutional Investors: 0.92 times
Retail: 0.41 times
Employees: 0.00 times
Overall: 0.38 times

Credit Rating Agency CARE has assigned an IPO Grade 2 to the upcoming IPO of Texmo Pipes and Products Ltd. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. A CARE IPO Grade 2 indicates that the company has "Below Average Fundamentals"

Click here to download IPO Grading Document for Texmo Pipes and Products Ltd. IPO

Texmo Pipes & Products Limited is engaged into manufacturing of range of PVC and HDPE pipes.The IPO, which will remain open for subscription between Tuesday, February 16, 2010 and Friday, February 19, 2010, consists of 5,000,000 Equity Shares, having a Face Value of Rs.10 each

The Bid Lot for the upcoming IPO of Texmo Pipes & Products Ltd. IPO is 75 Equity Shares and in multiples thereof. The IPO consists of 5,000,000 Equity Shares, each having a Face Value of Rs.10/- each.

The shares are offered in a Price Band of Rs.85/- to Rs.90/- per equity share. Almondz Global Securities Limited is the Book Running Lead Manager and Karvy Computershare Private Limited is the Registrar to the Issue

Issue Size: 5,000,000 Equity Shares of Rs.10 each
Issue Opens on: Tuesday, February 16, 2010
Issue Closes on: Friday, February 19, 2010
Price Band: Rs.85/- to Rs.90/- per equity share
Lead Manager: Almondz Global Securities Limited
Registrar: Karvy Computershare Private Limited