sejal architectural glass limited - Securities and Exchange Board of ...

More documents

Recommendations

Info

seven working days of the date on which the basis of allotment is approved. Until such time, as trading approvals are received from the NSE and the BSE you will not be able to sell any of our Equity Shares issued through the Issue. Notes to Risk Factors: 1. Pre-Issue Net worth of the Company as on March 31, 2007 is Rs. 1343.97 Lacs and as on September 30, 2007 is Rs. 2120.86 Lacs. 2. Size of the Present Issue – Issue of 97,03,580 Equity Shares of Rs. 10/- each for cash issued at a premium of Rs. [●], aggregating Rs. [●] Lacs. The face value of the Equity Shares is Rs. 10/- and the issue price is [●] times the face value of the Equity Shares. The Net Issue would constitute 34.66% of the fully diluted post issue paid up capital of our Company. 3. The average cost of acquisition of Equity Shares of our promoters is given below: Sr. No Name of our Promoters Average cost of acquisition of shares (Rs.) 1. Mr. Amrut S. Gada 14.34 2. Mr. Kanji V. Gada 14.37 3. Mr. Dhiraj S. Gada 16.61 4. Mr. Shantilal S. Gada 23.70 5. Mr. Mitesh K. Gada 26.08 For further details relating to the allotment of Equity Shares to our promoters, promoter group and other entities, please refer to the section titled “Capital Structure” beginning on page [●] of this Draft Red Herring Prospectus. 4. Book value of the Equity Shares of our Company as on March 31, 2007 is Rs. 13 per share and as on September 30, 2007 is Rs. 14.32 per share. 5. Other than as stated in the section titled “Capital Structure” beginning on page [●] of this Draft Red Herring Prospectus, our Company has not issued any Equity Shares for considerations other than cash. 6. Investors may please note that in the event of over-subscription, allotment shall be made on a proportionate basis in consultation with NSE, the Designated Stock Exchange. For details, refer to the section titled “Issue Procedure” beginning on page [●] of this Draft Red Herring Prospectus. 7. No part of the Issue proceeds will be paid as consideration to Promoters, Promoter Company, Directors, Key Managerial Personnel, Associate Companies or Group Companies. 8. Investors may contact the BRLM or the Compliance officer for any complaint/clarification/information pertaining to the issue. For contact details of the BRLM and the Compliance Officer, please refer section titled “General Information” beginning on page [●] of this Draft Red Herring Prospectus. 9. Our Company and the BRLM shall update this Draft Red Herring Prospectus in accordance with the Companies Act, 1956. All information shall be made available by our Company and the BRLM to the public and investors at large and no selective or additional information would be available for a section of the investors in any manner whatsoever. 10. There are no contingent liabilities as on September 30, 2007, except as mentioned in the Auditor’s report. 11. Trading in Equity Shares for all investors shall be in dematerialised form only. 22
12. Investors are advised to go through Basis of Allotment in the section titled “Issue Procedure” beginning on page [●] of this Draft Red Herring Prospectus. 13. Investors are advised to refer to the section titled “Basis for issue price” on page [●] before making an investment in this issue. 14. Bidders should note that on the basis of name of the Bidders, Depository Participant’s name, Depository Participant-Identification number and Beneficiary Account Number provided by them in the Bid-cum- Application Form, the Registrar to the Issue will obtain from the Depository demographic details of the Bidders such as address, bank account details for printing on refund orders and occupation. Hence, Bidders should carefully fill in their Depository Account details in the Bid-cum-Application Form and also update their demographic details with their respective depositary participant. 15. For details of liens and hypothecation on the properties and assets of our Company please see Section on ‘Financial Statements’ on page [●]. 16. For details of related party transactions, loans and advances made to any company in which our directors are interested, please refer to the heading ‘Related Party Transactions’, appearing in the section titled “Financial Information” on page [●] of the Draft Red Herring Prospectus. 17. Since inception, our Company has issued 45,00,000 bonus shares in the ratio of 3:2 on November 25, 2006, by capitalisation of free reserves. 18. This Issue is being made through a 100% Book Building Process wherein atleast 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers, of which 5% shall be reserved for Mutual Funds. Further, upto 15% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and upto 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. 23
Page 1 and 2: Draft Red Herring Prospectus Decemb
Page 3 and 4: SECTION I DEFINITIONS AND ABBREVIAT
Page 5 and 6: Term Description Designated Date Th
Page 7 and 8: Term Description Bhandup ( West), M
Page 9 and 10: IPO Initial Public Offer ISO Intern
Page 11 and 12: FORWARD-LOOKING STATEMENTS This Dra
Page 13 and 14: the tax on the additional income of
Page 15 and 16: Risk relating to the project 6. The
Page 17 and 18: amount(s) due to our lender(s), not
Page 19 and 20: utilized portion of the licence. Ad
Page 21 and 22: protect us from entire liability fo
Page 23: 6. Terrorist attacks and other acts
Page 27 and 28: The Indian Architectural float glas
Page 29 and 30: BRIEF DETAILS OF THE ISSUE Equity S
Page 31 and 32: Share Application Money 2563.61 296
Page 33 and 34: D Net Profit after Tax but before E
Page 35 and 36: Issue Management Team Book Running
Page 37 and 38: Bank of India Banking Branch M.D.I.
Page 39 and 40: Pursuant to recent amendments to th
Page 41 and 42: Name and Address of the Underwriter
Page 43 and 44: 5 Subdivision of Equity shares of R
Page 45 and 46: Mr. Mitesh K. Gada* Mr. Shantilal S
Page 47 and 48: Capital would be locked-in for a pe
Page 49 and 50: Friends, Relatives and Others 36,74
Page 51 and 52: 3. August 30, 2007 Mr. Nilesh S. Bh
Page 53 and 54: Vinod Velji Shah HUF jointly with M
Page 55 and 56: 9. November 22, 2007 Ms. Diwaliben
Page 57 and 58: 5 Mr. Kanji V. Gada 6,16,250 3.37 6
Page 59 and 60: SECTION V- OBJECTS OF THE ISSUE OBJ
Page 61 and 62: a. Plant & Machinery - Imported i.
Page 63 and 64: Work-in-progress 0.43 months 430.00
Page 65 and 66: We propose to raise Rs. [•] Lacs
Page 67 and 68: Authority for the issue The Issue h
Page 69 and 70: BASIS FOR ISSUE PRICE The issue pri
Page 71 and 72: ii. Lowest - Haldyn Glass Gujarat 5
Page 73 and 74: Benefits available to the Company u
Page 75 and 76:
8. In case of a shareholder being a
Page 77 and 78:
Benefits available to other Non-Res
Page 79 and 80:
Benefits available to Mutual Funds
Page 81 and 82:
Source: Central Statistical Organis
Page 83 and 84:
� Fused silica glass - Fused sili
Page 85 and 86:
The Total Float Glass Manufactured
Page 87 and 88:
increasing demand for hotels/resort
Page 89 and 90:
• Hygenic - Glass is a non-porous
Page 91 and 92:
2. High productive and reliable pro
Page 93 and 94:
We view geographical expansion of o
Page 95 and 96:
Features 93 Toughened Glass is appr
Page 97 and 98:
The excellent dampening property of
Page 99 and 100:
Brief description of the Processes
Page 101 and 102:
c) Lamination Process Process First
Page 103 and 104:
101
Page 105 and 106:
As the batch materials melt into so
Page 107 and 108:
Apollo Hospital Dhaka, Bangladesh B
Page 109 and 110:
Availability of Nitrogen and Hydrog
Page 111 and 112:
With the knowledge and experience o
Page 113 and 114:
Further our company proposes to imp
Page 115 and 116:
Sr. No Name of the trademark regist
Page 117 and 118:
7. Sale deed dated July 14, 2004 be
Page 119 and 120:
3. Standard fire and Special perils
Page 121 and 122:
May 21, 2007. Premium Amount Rs. 6,
Page 123 and 124:
KEY INDUSTRY REGULATIONS AND POLICI
Page 125 and 126:
Changes in the Registered Office of
Page 127 and 128:
2. Non-Compete Agreement between ou
Page 129 and 130:
Sr. No. Name, Age, Designation, Fat
Page 131 and 132:
Sr. No. Name, Age, Designation, Fat
Page 133 and 134:
Compensation to Managing Director/W
Page 135 and 136:
Mr. Mitesh K. Gada, Whole-Time Dire
Page 137 and 138:
Leave travel concession for self an
Page 139 and 140:
emuneration payable to the said Dir
Page 141 and 142:
• To look into the reasons for su
Page 143 and 144:
extent of remuneration and/or reimb
Page 145 and 146:
ORGANISATION CHART OF OUR COMPANY 1
Page 147 and 148:
Sr. No Name, Age and Designatio n S
Page 149 and 150:
OUR PROMOTER AND THEIR BACKGROUND T
Page 151 and 152:
MR. SHANTILAL S. GADA Identificatio
Page 153 and 154:
CURRENCY OF PRESENTATION All refere
Page 155 and 156:
1 st December, 2007 The Board of Di
Page 157 and 158:
STATEMENT OF ASSETS AND LIABILITIES
Page 159 and 160:
NOTES TO RESTATED PROFIT AND LOSS A
Page 161 and 162:
the provision for deferred tax, tim
Page 163 and 164:
ANNEXURE - V Accounting Ratios (Rec
Page 165 and 166:
LOANS AND ADVANCES (UNSECURED, CONS
Page 167 and 168:
Annexure XII (Rs. in lacs) Details
Page 169 and 170:
f Bank of India g Axis Bank 4 Vehic
Page 171 and 172:
ANNEXURE - XIV RELATED PARTY TRANSA
Page 173 and 174:
Travelling Expenses Insurance Premi
Page 175 and 176:
Unsecured Loan received/refund Unse
Page 177 and 178:
FDR refunded 2.50 Interest paid on
Page 179 and 180:
17 Kanji Gada FDR received FDR refu
Page 181 and 182:
26 Shantilal Gada Interest paid on
Page 183 and 184:
CAPITALIZATION STATEMENT ANNEXURE X
Page 185 and 186:
1. The company has generally been r
Page 187 and 188:
FINANCIAL INFORMATION OF GROUP COMP
Page 189 and 190:
2. Sejal International Limited Seja
Page 191 and 192:
Shareholding Pattern: The Sharehold
Page 193 and 194:
27 Mr. Hasmukh B. Shah 5000 0.09 28
Page 195 and 196:
5. Sejal Finance Limited. Sejal Fin
Page 197 and 198:
2. Mitesh Textiles Mitesh Textiles
Page 199 and 200:
Companies with which the Promoters
Page 201 and 202:
FACTORS AFFECTING OUR RESULTS OF OP
Page 203 and 204:
% to Turnover 65.72% 69.06% 63.03%
Page 205 and 206:
Fiscal 2005 Vs 2006 Income Income f
Page 207 and 208:
Related Party Transactions For deta
Page 209 and 210:
SECTION VIII - LEGAL AND REGULATORY
Page 211 and 212:
A complaint bearing Complaint No. 6
Page 213 and 214:
Sejal Glass House has not filed any
Page 215 and 216:
STATUTORY APPROVALS AND LICENSES Ex
Page 217 and 218:
6. Occupancy Certificate bearing no
Page 219 and 220:
Sr. No. Details License No. 1. EPCG
Page 221 and 222:
4. Application bearing no. 1371940
Page 223 and 224:
OR (b)(ii) There shall be compulsor
Page 225 and 226:
FROM ALL THE STOCK EXCHANGES MENTIO
Page 227 and 228:
Further, each Bidder where required
Page 229 and 230:
Expert Opinion Except as stated oth
Page 231 and 232:
This being an initial public offeri
Page 233 and 234:
Principal Terms and Conditions of t
Page 235 and 236:
� to register himself or herself
Page 237 and 238:
ISSUE STRUCTURE This Issue is being
Page 239 and 240:
In case the Bid-Cum-Application For
Page 241 and 242:
2. Hindu Undivided Families or HUFs
Page 243 and 244:
please refer the section titled “
Page 245 and 246:
published in two national newspaper
Page 247 and 248:
Escrow Collection Banks shall trans
Page 249 and 250:
Build Up of the Book and Revision o
Page 251 and 252:
(j) In terms of SEBI Guidelines, QI
Page 253 and 254:
c) Ensure that the details about De
Page 255 and 256:
IT IS MANDATORY FOR ALL THE BIDDERS
Page 257 and 258:
1. On the Bid-cum-Application Form
Page 259 and 260:
Submission of Bid-cum-Application F
Page 261 and 262:
Grounds for Technical Rejections Bi
Page 263 and 264:
) The Bidder must necessarily fill
Page 265 and 266:
Save and except refunds effected th
Page 267 and 268:
(iii) Under-subscription below 5% o
Page 269 and 270:
if any, for encashing such cheques,
Page 271 and 272:
RESTRICTIONS ON FOREIGN OWNERSHIP O
Page 273 and 274:
SECTION X- DESCRIPTION OF EQUITY SH
Page 275 and 276:
MODIFICATION OF RIGHTS Title of Art
Page 277 and 278:
Title of Article Article Number and
Page 279 and 280:
Page 281 and 282:
Page 283 and 284:
Page 285 and 286:
TRANSFER AND TRANSMISSION OF SHARES
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299 and 300:
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
SECTION XI -OTHER INFORMATION MATER
Page 307:
23. SEBI observation letter no. [
show all

sejal architectural glass limited - Securities and Exchange Board of ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?