Bohra Industries To Enter Capital Market Files DRHP With SEBI (21-Oct-2011)
Bohra Industries, phosphatic fertilizer manufacturer, has filed draft red herring prospectus (DRHP) with market regulator Securities Exchange Board of India (SEBI). The company plans to issue equity shares having face value of Rs 10 each through book building issue.
Saffron Capital Advisors has been appointed as book running lead manager and Bigshare Services as registrar to the issue. Bohra Industries, after conferring with lead managers, will declare the price band two days prior to the issue opening.
The company proposes to utilize the issue proceeds for setting up of manufacturing facility for Triple Super Phosphate and to meet additional working capital requirements.
Bohra Industries is engaged in manufacture and marketing of phosphatic fertilizer. The company manufactures Single Super Phosphate (SSP) in both powder and granular form from rock phosphate. It sells the products under brand name "Mahalaxmi" of Rashtriya Chemicals and Fertilizers, "Dhanphos" Nagarjuna Fertilizers and Chemicals. Bohra Industries has been permitted by Department of Fertilizer, Ministry of Agriculture, Government of India, New Delhi to conduct manufacture and market its said products.
Currently, company's only manufacturing facility is located in Udaipur from where it conducts all operations. Bohra Industries is dependent entirely on this facility and any unrest will adversely affect company's business.
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