Issue Price: Rs. 81 - Rs. 84 Per Equity Share

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

Incorporated in 1998, Plastene India Limited is Gujrat based plastics packaging manufacturer. Company is part of Champalal group based in Gandhidham.

Plastene manufactures a variety of transport and storage containers (Jumbo bags/FIBCs) for both dry and liquid (bulk) goods, woven sack product (used in Chemicals, fertilizers, cement, urea, minerals, resin, polymers and rubber industry), variety of laminates (solvent less / solvent based) structures for food and non-food applications and wide range of high tenacity Polypropylene Multifilament yarn – dope dyed.

Plastene has four manufacturing facilities in India located at Gandhidham, Rajpur and Rakanpur in Gujrat. Plastene exports to around 30 countries and derives close to 49% sales from international customers.

Company Promoters:
The company is promoted by:
1. Mr. Champalal G. Parekh
2. Mr. Prakash H. Parekh
3. Mrs. Madhu P. Parekh
4. Prakash H. Parekh

Objects of the Issue:
The objects of the issue are:
1. Expansion of manufacturing facilities and purchase of plant and machinery for manufacturing of new product, block bottom valve bags at Nani Chirai;
2. Expansion of manufacturing facilities at Rajpur; and
3. General corporate purposes.