247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Zenith Birla (India) Limited IPO (Zenith Birla (India) IPO) Details

Zenith Birla (India) Limited is an Steel - Tubes And Pipes based company, located in Mumbai, Zenith Birla (India) Limited IPO size was 131.00 Cr. and was issued at 55.00 per share. The share of Zenith Birla (India) Limited were listed at 48.20 per share and are currently trading at 7.25 per share.

Type :
Sub Sector : Steel Pipes
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
349.45 Cr.

PAT :
6.31 Cr.

Pricing Report

Issue Price :
55.00

Listing Price :
48.20

Current Market Price :
7.25

Issue Price vs CMP :
47.75 (86.82%)

listing Price vs CMP :
40.95 (84.96%)

Performance Report (CAGR* wise)

CAGR : -10.55
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Zenith Birla (India)

Company Information
Zenith Birla (India) Limited is a leading manufacturer of Steel Pipes in India. They have almost 45 years of operations. THey are at present engaged in the manufacturing of welded steel pipes (black & galvanized). Their Steel Pipe Division is located at Khopoli 80 kms from Mumbai The plant has installed capacity of 1,20,000 M.T. of steel pipes. This Division ranks as one of the pioneers amongst Steel Pipe manufacturers of India. Till 1971, they were manufacturing Steel Pipes by medium frequency electric resistence contact welding process. Thereafter, the manufacturing process was converted to the latest technology of High Frequency Induction Welding (HFIW) process. The pipes manufactured by them are predominantly used for plumbing, agriculture, irrigation, urban and rural drinking water distribution, structural and industrial
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Object of Issue
  • Setting up additional facilities for manufacture of Mechanical tubes
  • Margin Money for Working Capital (existing business
  • Margin Money for Working Capital (Mechanical tube Business
  • To meet the issue expenses

Zenith Birla (India) MainBoard IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Nov, 2006
IPO Size :
131.00 Cr.
PE Multiple :
13.50
Merchant Banker :
Keynote Financial Services Limited
IPO Registrar:
Bigshare Services Private Limited

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FAQs

Zenith Birla (India) operates in Steel - Tubes And Pipes and Steel Pipes. The Issue is listed on MainBoard in Nov, 2006. Zenith Birla (India) IPO size was 131.00 Cr. with Issue price of 55.00 .

Merchant Banker(s) of Zenith Birla (India) IPO: Keynote Financial Services Limited , Idbi Capital Market Services Limited

Zenith Birla (India) IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Zenith Birla (India) IPO listed at a listing price of 48.20 against the offer price of 55.00.

The current market price of Zenith Birla (India) is 7.25.

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