Gujarat based 
Altret Biotech Limited has filed DRHP with SEBI to raise R27Cr IPO.
The company intends to use issue proceeds for setting up jatropha and neem seed oil extraction and solvent extraction plant (R11.90Cr); setting up bio-fertilizers & bio-pesticides plant (R 4.78Cr); and working capital requirements (R5Cr).
Comfort Securities is the book running lead manager to the issue.
Incorporated in 2006 by Sam Lokhandwala and Raj Lokhandwala, Alteret is engaged in cultivation of Jatropha Curcas plants.
The seeds developed from these plants are supplied to farmers in the vicinity of its plantation.
Promoter and promoter group together hold 95.59% stake in the company.
The company plans to set up Jatropha seed oil extraction plant having capacity of 100tpd on leased land situated at Kutch, while it proposes to set up neem seed oil extraction plant with capacity of 50tpd.
Altret Bio-tech reported PAT of R18.74 lakh on total income of R56.30 lakh for the period of six months ended on September 30, 2011 and PAT of R21.39 lakh on total income of R78.03 lakh for FY11.
| |
4134
3846
945
4260
973
|
|
17649
42
1677
25526
3005
|
|
1369
459
3151
32715
140
|
|
24632
|
|
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 22/02/12 |
Altret Biotech - IPO |
IPO / Offerings |
|
5.49 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 21/05/12 |
M&A |
Vilmorin & Cie |
Bisco Bio Sciences Private Limited |
- |
Completed |
| 14/05/12 |
Venture Capital |
Acumen Fund Advisory Services India Private Limited |
BASIX Krishi Samruddhi Limited |
2.00 |
Completed |
| 30/04/12 |
M&A |
Roquettee Freres |
Riddhi Siddhi Corn Processing Private Limited |
180.92 |
Completed |
| 23/04/12 |
M&A |
Rossell India Limited (Formerly Rossell Tea Ltd) |
Namsang Tea Estate |
5.44 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Altret Biotech Limited |
Raj Sam Lokhandwala
Sam Bakirbhai Lokhandwala |
'12/2881, “Altret House” Saiyedpura Main Road |
|
www.altretbiotech.com |
