• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » IPO » IPO - Upcoming Issues

Oct 12, 2012, 06.29 PM | Source: Moneycontrol.com

Madhya Bharat Agro Products files IPO papers with SEBI

Single super phosphate (SSP) manufacturer Madhya Bharat Agro Products (MBAPL) has filed draft red herring prospectus with SEBI for public issue of 81 lakh equity shares.

Like this story, share it with millions of investors on M3

Madhya Bharat Agro Products files IPO papers with SEBI

Single super phosphate (SSP) manufacturer Madhya Bharat Agro Products (MBAPL) has filed draft red herring prospectus with SEBI for public issue of 81 lakh equity shares.

Post Your Comments

Share Cancel

Single super phosphate (SSP) manufacturer Madhya Bharat Agro Products (MBAPL) has filed draft red herring prospectus with SEBI for public issue of 81 lakh equity shares.

SSP is used in large quantities for replenishing phosphorus in the soil which gets depleted steadily with each crop. This is preferred phosphate fertilizer by the farmers. SSP industry enjoys price concession by the government of India which protects this industry for long run sustainability.

At present the company has planned to set up an integrated state of art unit of single super phosphate with an capacity of 120000 TPA (with an outlay of Rs 19.05 crore) and granulated single super phosphate (GSSP) with an capacity of 90000 TPA (with cost of Rs 11.08 crore) and an ancillary plant of sulphuric acid (with Rs 28.76 crore) will be established at Unit II beneficiated rock phosphate plant (BRP).

Net profit of the company rose by 17 percent YoY to Rs 3.58 crore and total income increased 16 percent to Rs 46.35 crore in the year ended March 31, 2012.

Corporate Strategic Allianz Limited is the book running lead manager to the issue.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Madhya Bharat Agro Products files IPO papers with SEBI

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login