Sejal Architectural Glass IPO: Finance Trading Times

Sejal Architectural Glass IPO

Another IPO is set to hit the Indian Markets. The IPO belongs to Sejal Architectural Glass company, which is planning to hit the stock markets very soon.
Sejal Architectural Glass IPO
What is the size of the Sejal Glass IPO?
The Sejal Glass IPO is planning to sell around 91,94,155 shares through its IPO or Initial Public offering. The issue would constitute 32.84 per cent of the fully diluted post issue paid-up equity capital of the company.

What is the price range of the Sejal Glass IPO shares?
The face value of Sejal Glass IPO shares is the standard price of Rs. 10, while the price band of the Sejal Glass IPO is Rs. 105 to 115 per share, while the final price would be decided by a 100% book building process.

What are the business valuations of Sejal Glass IPO?
Sejal Glass started its commercial operation in FY 01 by setting up a processing facility for insulating glass at Dadra in Silvassa. Today, the company has processing facilities for insulating, toughened, laminated glasses and for decorative glass as well.

Where will the IPO proceeds be used for Sejal Glass IPO?
The company now proposes to set up a manufacturing facility for the production of float glass with an installed capacity of 2,00,750 metric tonne per annum at Bharuch in Gujarat, Sejal Architectural's Chairman and Managing Director, Amrut S Gada, said in a statement here.
The commercial production would commence from March 2009. Setting up of this project would be a step towards backward integration for the company and would enable the company to control its cost and enhance the quality of glass used for the company's value-added products and brands like Kool Glass, Armor Glass, Fort Glass and Tone Glass

Which exchanges will the Sejal Glass IPO be listed?
The company proposes to list its equity shares on the National Stock Exchange and Bombay Stock Exchange.
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