Monday, June 09, 2008

FIRST WINNER INDUSTRIES LTD - IPO

Type of Issue : Book Built
Issue Opens: 09 June, 2008
Issue Closes: 12 June, 2008

Issue Size :5,500,000(No. of Shares)

Lower Price Band: Rs.120
Upper Price Band: Rs.130


Total Issue Size: Rs.72 Crores

Application Multiple: 50 and in multiples there off starting with atleast 50 shares.

Maximum Shares: 650(for Retail)

Information URL : http://www.sebi.gov.in/dp/firstwinner.pdf

Company Details :

605, BUSINESS CLASSIC, CHINCHOLI BUNDER ROAD,
MALAD (WEST),
MUMBAI - 400064

Tel : 912228802255 , 912228802299
Fax : 912228812288

Email : ipo@firstwinnerind.com
Website : http://www.firstwinnerind.com


Company Background
First Winner Industries Limited is primarily into manufacture of grey fabrics and in supplying textile fabrics to various wholesalers, apparel and garment manufacturers. The company has its own manufacturing facilities at MIDC, Tarapur, District Thane, Maharashtra and has also set up its weaving unit during 2006-07 by installing 100 looms. The manufacturing unit has total installed capacity to manufacture 108 lakh meter grey fabrics per annum.

The Company has two subsidiaries; viz., Ramshyam Textile Industries Limited and First Winner Lifestyle Private Limited (formerly Realgold Exports Private Limited), which are engaged in the same business.

Object of the Issue
a)Setting up of an apparel manufacturing facility, b) Setting up of new weaving unit c) Prepayment of term loan

Key Financials for the period ended Jan 31, 2008
Revenue Rs.14.91Mln, PAT Rs.12.66Mln
Key Financials for the year ended Mar 31, 2007
Revenue Rs.55.54Mln, PAT Rs.2.55Mln, EPS Rs.2.63, RoNW13.36%

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