Sensex - Everest Kanto Cylinder Ltd. IPO

Issue Date:
Opens: 22 November 2005
Closes: 25 November 2005

Everest Kanto, which supplies companies like BOC Ltd., also has a unit in Dubai and is setting up a joint venture in China. Also Everest Kanto has 80% market shares of gas cylinders in India.That is an near monopolistic business.

The company intends to set up a plant to manufacture 340,000 high pressure cylinders a year in the western state of Gujarat, at a cost of 1.05 billion rupees.

EKC today supplies the widest range of cylinders for industrial gases. medical gases, fire fighting equipments, beverage industry, accumulator shells, aerospace, scientific research, CNG-NGV cylinders for vehicles and many more applications. Along with its cylinders EKC also offers its customers with range of neck threads, painted finish and mounted accessories. EKC also supplies storage cylinders cascades complete with fittings and accessories.

Price Bands:
Lower Price Band: Rs.140
Upper Price Band: Rs.160

Applications have to be made in minimum 40 shares and in multiples of 40 shares.

Company website: http://www.EverestKanto.com