Thursday, December 31, 2009

Tirpuati Inks filed a DRHP with SEBI for IPO

Tirpuati Inks Limited is planning a public issue of Rs 51.5 crore. The company has filed a DRHP (draft red herring prospectus) with SEBI (Securities & Exchange Board of India).

Tirpuati Inks is presently engaged in the business of manufacturing of printing ink & printing cylinders and trading of polyester films and other packaging materials. Company source Polyester Films from reputed Suppliers such as Uflex Limited, Polyflex Corporation Limited, etc. and supplies to various customers engaged in the business of Oil, Ghee, Tobacco, Supari, Tea, Spices, Milk, etc. Tirpuati Inks has two manufacturing facilities at Kanpur & Jammu. At Kanpur Unit, printing inks and cylinders are manufactured and at the Jammu Unit only printing inks are manufactured.

Tirpuati Inks Ltd intends to spend the issue proceeds for Setting up facility for manufacturing of Speciality Inks and Ink Concentrates, Capital Expenditure on Lab Equipments for Existing Facilities, Augmenting Working Capital Resources and General Corporate Purposes.

For the year ended Mar 31, 2009, Tirpuati Inks has reported net profit of Rs 80 lakh on total income of Rs 50.2 crore. For the period of six months ended on Sep 30, 2009, it has posted net profit of Rs 1.02 crore on total income of Rs 37.33 crore.

Ashika Capital Ltd is the book running lead manager of the issue and Beetal Financial & Computer Services Pvt Ltd is the registrar.

For more information about Tirpuati Inks IPO Prospectus please visit: