Bangalore: Plastene India, a company of a turnover 500 crore, has launched IPO of 9,255,290 equity shares of 10 face value each.

Plastene India manufactures a variety of transport and storage containers for both dry and liquid goods, woven sack product which are used in Chemicals, fertilizers, cement, urea, minerals, resin, polymers and rubber industry, variety of laminates structures for food and non-food applications and wide range of high tenacity Polypropylene Multifilament yarn – dope dyed.

ICRA has assigned Plastene India IPO a Grade 3, which means as per ICRA, company has 'Average Fundamentals'.

Issue Detail:

Issue Open: May 09, 2012 - May 15, 2012

Issue Type: 100 percent Book Built Issue IPO

Issue Size: 9,255,290 Equity Shares of 10

Issue Size: 74.97 – 77.74 Crore

Face Value: 10 Per Equity Share

Issue Price: 81 - 84 Per Equity Share

Market Lot: 75 Shares

Minimum Order Quantity: 75 Shares

Listing At: BSE, NSE