Existing profit making, dividend paying
Company.
Main products are Di Octyl Phthalate(DOP),
Di Iso Octyl Phthalate (DIOP) and many others, which are used in the manufacture of PVC
Rexins, PVC cables, PVC pipes, Films and shoes.
One of the largest manufacturers of PVC
plasticizers in India.
Promoted by Jatin H.Shah, who has an
experience of 16 years in the chemical industry.
Total income increased from Rs 1672.29 lakhs in FY97 to Rs 7770.25
lakhs in FY2000. Net profit for the same period increased from Rs112.24 lakhs to Rs.
642.86 lakhs.
Margin money requirement for working capital for the year
2001estimated at Rs. 3448.11 lakhs.
Projected total income and net profit for FY2001 stands at Rs.14,500
lakhs and Rs.1092.03 lakhs respectively.
Issue proceeds would be used for expansion of its production
facilities and to meet the working capital requirements.
Reservation for NRIs for 7,25,000 shares on a repatriable basis. NRIs
can also apply on non-repatriable basis.
The scrip seems to be over priced.
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