Nilkamal Ltd has raised Rs 60 Cr through QIP by issuing 2.14 Mn shares at Rs 280.35 per share (around 10% discount to the existing share price of Rs.310).
This year in February, it has planned to raise Rs.100 Cr through QIP to fund its expansion plans.
Transaction Reference: Myiris
Nilkamal manufactures and markets injection moulded plastic products like furniture, material handling equipment, custom mouldings & OEM supplies for specific customers. It is a manufacturer of material handling plastic crates and moulded furniture. It has also entered into lifestyle furniture business through ‘@home’, the home store retail chain.
During 2009-10, it opened 3 @home stores in Andheri, Ghatkopar and Thane and closed 2 stores in Kandivali and Faridabad taking the total number of stores to 16 across 12 cities.
Nilkamal has 7 manufacturing units across India.
Last year, it entered into 50:50 JV with Germany's BITO Lagertechnik to manufacture storage systems of metal providing intra-logistics solutions.
For 2009-10, it reported consolidated net sales of Rs.1,098.3 Cr with a net profit of Rs.51.5 Cr.
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 24/07/10 |
Nilkamal Ltd - QIP |
IPO / Offerings |
|
12.77 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 24/12/11 |
M&A |
KREON FINNANCIAL SERVICES LIMITED |
Aran Kitchen World (India) Private Limited |
- |
Planned |
| 13/10/11 |
M&A |
Somany Ceramics Limited |
Vintage Tiles Private Limited |
1.09 |
Completed |
| 23/06/11 |
IPO / Offerings |
|
Rushil Decor Limited |
9.05 |
Completed |
| 02/06/11 |
IPO / Offerings |
|
Timbor Home Limited |
5.17 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Nilkamal Limited |
Vamanrai V Parekh & Family |
Survey No 354/2 & 354/3, Near Rakholi Bridge, Silvassa-Khanvel Road, Village Vasona, Silvassa, Dadra & Nagar Haveli, India. |
Uma Plastics Limited
Princeware International Private Limited |
www.nilkamal.com |
