20 Microns IPO: Twenty Microns IPO Review

A new IPO is set to hit the Indian Markets very soon. The IPO or Initial Public offering belongs to 20 Microns Limited, which is India’s largest producer of White Minerals with an annual output of over 180000 tons from plants spanning four different regions of India.

What is the price band or price range of 20 Microns IPO?
The price band of 20 Microns IPO is set between Rs. 50 and Rs. 55 per share. The face value of each share of 20 Microns IPO share is standard Rs. 10 per share.

How many share will be offered for sale through the 20 Microns IPO issue?
A total of 4,350,632 equity shares will be offered for sale through the 20 Microns IPO.
The issue consists of a fresh issue of 1,675,000 equity shares of Rs 10 each (fresh issue) and an offer for sale of 2,675,632 equity shares by Gujarat Venture Capital fund 1995 (the selling shareholders). The issue will constitute 30.81% of the post issue paid up capital of the company.

Is there any shares reserved for employees of 20 Microns Company?
Yes. Up to 217,532 equity shares will be reserved for subscription by eligible employees.

Any ratings assigned to 20 Microns IPO?
Yes. Credit Analysis & Research (CARE) has assigned the `IPO Grade 3` to 20 Microns IPO indicating average fundamentals.

Where will the capital raised be used by 20 Microns IPO?
The fund raised by 20 Microns IPO will be used for he current ongoing expansion plans of the manufacturing capacities at various locations, invest in the sub-micron particle sizes required by end-market and general corporate purposes.

What are the business valuations of 20 Microns IPO?
20ML is one of the India`s largest producers of white minerals with an annual turnover of over 180,000 tons from plants and deposits spanning in different regions of the country producing functional fillers, specialty chemicals and extenders which are supplied globally. It has 4 different captive mines and 8 manufacturing locations spanned over the country with total mineral reserve of 6 million metric tons. Currently, it has about 70 international customers based in 30 countries utilizing 450 product.

Who are the BRLM (Book Running Lead managers) for the 20 Microns IPO issue?
The book running lead manager (BRLM) is Keynote Corporate Services.

The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).