Bharat Earth Movers' (BEML) follow-on public offer of of 49 lakh equity shares will open on 27 June 2007 and close on 3 July 2007. The FPO, with a price band of Rs 1020 - 1090 per share, will be decided through 100% book building route. The issue has minimum market lot of 5 shares.
The issue would constitute 11.77% of the fully diluted post issue paid-up capital of BEML.
BEML's net profit rose 8.58% to Rs 93.51 crore in the Q4 March 2007 (Rs 86.12 crore). Sales moved up 16.60% to Rs 938.42 crore in the Q4 March 2007 (Rs 804.80 crore).
The net profit summed 9.63% to Rs 204.93 crore in the year ended March 2007 (Rs 186.93 crore). Sales scaled up 17.69% to Rs 2423.87 crore in FY 2007 (Rs 2059.54 crore).
BEML is the second largest manufacturer of earthmoving equipments in Asia, and commands 70% market share in domestic industry. The ministry of defence is BEMLs largest customer. The companys other customers are Indian Railways, Delhi Metro Rail Corporation and other metro rail transit agencies. |