Euro Multivision IPO: Review Analysis & Details

There is a new IPO called Euro Multivision IPO which is going to hit the primary stock markets on September 22nd, 2009.
One such company which is willing to come out with an IPO or Initial Public Offering is the Company in the business of Compact disc manufacturing and is called Euro Multivision Services Limited.
In this article, we will look at the Review, Analysis and fine Details of the Euro Multivision IPO and try to do the Review and analysis of Euro Multivision IPO.
Some basic details first about the Euro Multivision IPO:
What is the issue size of the Euro Multivision IPO?
The Euro Multivision issue size is expecting to raise around 66 Crore Rupees from the primary stock market, by floating its shares.

How is the share distribution done?
The IPO consists of issuance of around 88 lakh equity shares. There will be an employee quota or reservation of around 2 lakh (200,000 shares) for the employees.
The IPO issue of Euro Multivision would constitute 36.97 per cent of the company's post issue paid up capital.

How will the capital raised by Euro Multivision IPO be used?
The company would use the IPO proceeds for expansion of its business into a whole new segment. They are planning to enter into the solar energy business. Hence, capital and resources are required for the company's investment into the photovoltaic solar cell manufacturing unit in a SEZ at Bhachau in Gujarat's Kutch district. This is where the IPO proceeds will be used. The plant is expected to have a capacity of 40 MW per year and is being built at a cost of around 178.03 crore Rs.

What is the price band of the Euro Multivision IPO
The price band for shares of Euro Multivision IPO is 70-75 Rs. per share.

What is the trading symbol & exchange for the Euro Multivision IPO
No info is available about the trading symbol.

What are the IPO dates for Euro Multivision IPO
The IPO for Euro Multivision is going to open on 22 September 2009 and will close on 24th Sep 2009.

Who are the underwriters of the Euro Multivision IPO?
Anand Rathi Advisors

What are the analysts recommendations for this IPO?
No recommendations from market analysts are available as of now. Though the company has its own ways to speak up for the IPO. "This new field of business is synergistic with company's existing businesses and we will leverage on our core competencies in the areas of precision high technology, mass manufacturing, and project management," Euro Multivision MD Hitesh Shah said