Tuesday, May 12, 2009

Kabirdass Motor to invest Rs 100 cr, files for IPO

Mumbai: Kabirdass Motor Co has approached the Securities and Exchange Board of India (SEBI) with a draft prospectus for an initial public offer to partly finance its plans to invest more than Rs 100 crore in its business.

The company is planning for different options to raise Rs 81.28 crore from the sale of its shares, including Rs 61.28 crore from the IPO. Apart from that, it has tied up for a bank term loan worth Rs 20 crore, as per its draft IPO prospectus filed with the SEBI.

The total investment plan of Rs 101.28 crore includes those for land, building, plant and machinery, research and development, brand promotion and other expenses.

Chennai-based Kabirdass Motor Company Limited was incorporated in November 2006 as a private limited company. It is engaged in the manufacturing and distribution of electric bikes and scooters under the brand name 'Xite'.

Source: Asian CERC

12 comments:

Jacob said...

hi, its very informative, IPO , thanks

Stock Tips said...

Dear sir, could you please tell me about the IPO of Royal Orchid. I'll be thankful to you.

Intraday Stock Tips

Daniel Milstein said...

That is so true. As an author and business man, I can relate to how you said "The company is planning for different options to raise Rs 81.28 crore from the sale of its shares, including Rs 61.28 crore from the IPO". I hope more people discover your blog because you really know what you're talking about. Can't wait to read more from you!

Anonymous said...

I all the time used to read piece of writing in news papers but now as I am a user of internet so from
now I am using net for articles, thanks to web.
Feel free to surf my blog post : real casino slot online

Anonymous said...

I every time used to read post in news papers but now as I am a user of web therefore
from now I am using net for articles or reviews, thanks to web.
Also visit my webpage ... play slots online for money

Anonymous said...

Really when someone doesn't know then its up to other users that they will help, so here it happens.

Here is my webpage :: how to make money online fast
My page > work from home jobs

Anonymous said...

magnificent submit, very informative. I'm wondering why the opposite specialists of this sector don't understand this.
You should continue your writing. I'm confident, you've a huge readers' base already!

Here is my web-site ... casino online usa

Anonymous said...

Spot on with this write-up, I truly feel this website needs a great
deal more attention. I'll probably be back again to read through more, thanks for the info!

Here is my homepage; online shopping

Anonymous said...

Very quickly this site will be famous amid all blogging and site-building
visitors, due to it's nice posts

My weblog - Soft Drinks

INTRADAYTIPS.COM said...

Its a very Good posting and Thanks for sharing

Free Intraday tips | share tips | for new comments Intraday Tips blog

INTRADAYTIPS.COM said...

Its a very Good posting and Thanks for sharing

Intradaytips Com is one of the best website to provide share tips in India since 2006.we provide all tips Intraday cash, F&o, Jackpot call, Sure shot call, btst call, stbt call, Nifty tips, Bank nifty tips UNDER IN ONE PLAN

NIFTY TIPS & BANK NIFTY TIPS | SHARE TIPS


INTRADAYTIPS.COM said...

Wow its a really fantatic job. Thanks for sharing a Great website.

Share tips for day traders. Our share tips work in 60 minutes. For free trial visit: http://intradaytips.com
or send sms TRIAL TO 56767 or TRIAL TO 98 70 80 1717

Post a Comment