Sejal Architectural Glass IPO Analysis

June 9, 2008

Keynote Capitals set “Subscribe with a long term view” recommendation on Sejal Architectural Glass Ltd. IPO.

Sejal Architectural Glass Ltd. IPO details:

Price Band: Rs. 105 - 115 per share
Issue open between: June 9 - June 12, 2008
Book Running Lead Managers: Saffron Capital Advisors
To List on: NSE and BSE
Market Cap post-listing: Rs. 322 Cr billion or $75 million (based on the cap price)

Highlights

Sejal Architectural Glass Ltd. (SAGL) is into processing of insulating, toughened and laminated glass. The company also has a trading division which supports various in-house brands and products of other manufacturers. The products include tiles, sanitary-ware, mirrors, glass, etc. for home and commercial interiors.

The per capita consumption of glass doubled from 0.4Kg in 1999 to 0.8 Kg in 2007. The flat glass industry in India grew by 90% during FY00-07. The demand for flat glass in 2005 was 1977 tonnes per day, a growth of 18.5% y-o-y.

Construction and auto are the major user industries of float glass. Both these industries reported phenomenal growth during the past few years, on account of softened interest rates.

http://www.stockmarketsreview.com/ipoindia/sejal_architectural_glass_ipo_analysis_20080609/

Posted in IPO