Pune-based cables and wire manufacturer 
Duplex Industries Limited has filed DRHP with SEBI to raise Rs.125 Cr IPO.
It intends to use the IPO amount to set up new unit for manufacturing wires and cables (Rs.72.32 Cr); expansion of existing unit at Silvassa for manufacturing bare and insulated copper strips and conductors (Rs.26.67 Cr) and for working capital requirements.
Arihant Capital Markets is the book running lead manager to the issue.
Transaction Reference: SEBI
Established in 1990 by Anand and Anil Satpute, Pune based Duplex manufactures copper wires and caters to power, electrical, electronics and telecommunications industries. It exports it products to UK.,Singapore, Hong Kong and Sri Lanka.
The company has four manufacturing units, one each in Pune and Silvassa and two units in Parwanoo, Himachal Pradesh.
Duplex is planning to set up a new unit in Pune for manufacturing wires and cables having an installed capacity of 8,480 MTPA and is planning to expand its existing Silvassa unit with an installed capacity of 10,800 MTPA.
Promoters and the promoter group together hold 83.74% stake in the company, while balance is held by other body corporates.
For FY11, Duplex posted total revenue of Rs.645.98 Cr with PAT of Rs.30.28 Cr, while for FY10 it posted total revenue of Rs.304.28 Cr with PAT of Rs. 10.03 Cr.
Some of the listed peers of Duplex include Nissan Copper Limited and Precision Wires India Limited.
According to Ministry of Commerce & Industry, in 2009-10, the non-SSI sector has reported production of insulated cable & wires of all kinds of 96.50 lakh crore kms and in the year 2010-11 (April- December) the production was reported at 93.35 lakh crore Kms.
During the year 2010-11 (April-June) the export was Rs.405.58 Cr against the import of Rs.690 Cr during the same period. The industry is de-licensed and is eligible for automatic approval for FDI up to 100%.
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4134
3846
945
4260
973
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17649
42
1677
25526
3005
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1369
459
3151
32715
140
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24632
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 04/08/11 |
Duplex Industries - IPO |
IPO / Offerings |
|
28.14 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 12/04/12 |
M&A |
Japan Pulp And Paper Company Limited |
KCT Trading Private Limited |
- |
Completed |
| 03/04/12 |
M&A |
Cytec Industries Inc |
Manufacturing Assets |
37.00 |
Completed |
| 03/04/12 |
M&A |
Gerresheimer AG |
Neutral Glass & Allied Industries Private Limited |
- |
Completed |
| 02/04/12 |
M&A |
Kajaria Ceramics Limited |
Vennar Ceramics Limited |
2.68 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Duplex Industries Limited |
Anand Vishnu Satpute
Anil Anand Satpute |
CTS no. 712/A, S. no. 140, Flat no 2, Prachi Residency Bhelkenagar Kothrud |
|
www.duplexwires.com |
