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Issue Open Date
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22-Sep-17
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Issue Closing Date
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26-Sep-17
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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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36
-
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Minimium Application No.
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3000
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Issue Size (Shares)
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1521000
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Market Lot
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1
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Objective
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OBJECT OF THE ISSUE1. Working Capital Requirements2. General Corporate Purpose
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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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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
OVERVIEW We initially started the business of brass manufacturing by forming a partnership under the name of ?Pooja Precision Products? in the year 1993. The unit was started to cater sanitary and bathroom fitting manufacturers in domestic market. Gradually as the business grew, our promoters formed another partnership in the name of Pooja Metal Industries for manufacturing of brass equipment to specifically to cater international clients. We registered the firm as 100% Export Oriented Unit under the permission from Development Commisoner, KASEZ. To corporatize the operations, both partnership firms were converted into a public limited Company. We currently have two Units both situated at GIDC, Phase II, Dared. Our registered office and Unit I is situated at Plot No. 1, GIDC, Industrial Area, Phase II, Dared, Jamnagar - 361 004. Unit II is situated at Plot No. 665, GIDC, Industrial Area, Phase II, Dared, Jamnagar - 361 004. Unit I is spread over 1,800 square meters, our factory is equipped with machinery and equipment for induction furnances, extrusion press, machining, platting, extrusion, etc. Unit II is spread across over 700 square meters. Our manufacturing process is a recycling process and thus helps in solving environmental problems without using the natural resources. We use brass scrap as raw material which is imported from United Kingdom, United States of America and Gulf Countries for conversion of scrap into finished goods. We mainly export brass products to Arab and Gulf countries. We have a proven track record of more than 14 years in export of Brass Products. Our product basket includes brass billets, ingots, brass bars, brass and chrome plumbing fittings, brass inserts and adapters for CPVC and PPR pipes, etc are sold under the name of ?P-?. We are a well known brand in Arab and Gulf market for brass products. Brass is an alloy generally made from Zinc and Copper. It is used for various purposes as it is corrosion free with high tensile strength. Brass Scrap is filtered by inspection. It is a substitution alloy: atoms of the two constituents may replace each other within the same crystal structure. Recently, we have taken over Western Recycling Company, a venture promoted by our Promoters which is also engaged in similar business.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
Plot No.1 Phase I I G I D C Dared Industrial Area
Jamnagar,
Gujarat,
361004
Phone : 0288-2730088 / 2730099 / 9898044555
Email : info@poojametal.com
Website : www.poojametal.com
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village Opp: Yashoda Hospital Raj Bhavan Road Somajiguda Hyderabad
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Listed at |
BSE
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Lead Manager |
Pantomath Capital Advisors Pvt Ltd.
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Promoters |
Anil Panchmatiya Sunil Panchmatiya
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