PRADIP OVERSEAS LTD - IPO

Type of Issue : Book Built
Issue Opens: 11 March, 2010
Issue Closes: 15 March, 2010

Issue Size : 10,600,000(No. of Shares)

Lower Price Band: Rs.100
Upper Price Band: Rs.110

Total Issue Size: Rs.117 Crores

Application Multiple: 60 and in multiples there off starting with atleast 60 shares.

Maximum Shares: 900 (for Retail)

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

Registrar to the Issue : INTIME SPECTRUM REGISTRY LTD

Company Background:

Pradip Overseas Ltd. Is a textile manufacturing company with niche on Home Linen Products of both wider and narrow width. POL was established in 1980 as a local production house, the company moved forward to become a leading exporter in the country. In addition to the company’s sales in the domestic market, POL’s products are being exported to markets in 20 countries.
POL’s manufacturing capacity is 13650million meters per annum with an average capacity utilization of 92%. The company’s existing facility is located near changodar near Ahemdabad in Gujarat. The Company is enhancing capacity to 169.50 million meters per annum. The expansion project is at the proposed textile SEZ promoted by the company near Ahemdabad.
The company has been certified as confirming to the Quality Manangement Sysytem Standard ISO 9001:2008 covering the supply of dyed and printed fabrics. The company’s existing manufacturing facility has been granted authorization according to Oeko-Tex standard 100 to use the Oeko-tex mark for articles namely bed-sets (made-ups), woven fabrics made out of 100% cotton and polyester, bleached, reactive dyed, reactive printed, dispersed dyed and dispersed printed and pigmented printed inclusive sewing threads, buttons and zippers) produced by using material certified according to Oeko-Tex standard 100.

Products
Home textile articles from 100% Cotton Sheeting, Flannel, Polyester Cotton and 100% Polyester Satin, Jacquard, Stripes, from 150Thread Count to 1000 Thread Count. Quilts, Curtains, Cushions, Towels and many more articles. POL is very well equipped with High Thread count with the latest technology and machine will give some leverage to the product.

Objects of the Issue

1. To part finance the setting up of the proposed manufacturing facility within the proposed Textile SEZ.
2. To part finance the incremental margin money requirement for working capital.

Company Details:


A/601, NAMARAYAN COMPLEX,
NEAR SWASTIK CROSS ROAD,
NAVRANGPURA,
AHMEDABAD - 380 009.

Tel : +91-79-26431594 , +91-79-26560630
Fax : +91-79-26420408

Email : investor@pradipoverseas.com
Website : http://www.pradipoverseas.com