A

PROJECT REPORT
ON
ISSUE MECHANISM
Submitted To:
Prof. Dipali Mam
Submitted By:
SHREYA PATEL
Roll no: 39
21st September 2015

S.K.School of Business Management,

Hemchandracharya North Gujarat University, Patan

S.K SCHOOL OF BUSINESS MANAGEMENTPage 1

INDEX
SR.NO
1
2

SUBJECT
Issue mechanism Name
1.

Rama phosphates Ltd

Company History
Meaning
Issue details

PAGE NO
3
4
4
6

2.

Galaxy surfactants Ltd

Company History
Meaning
Issue details

7
7
8

3.

Remco systems Ltd

Company History
Meaning
Issue details

12
11
12

4.

Naysaa securities Ltd

Company History
Meaning
Issue details

18
18
19

5.

Adani ports and special economic zone

Ltd
Company History
Meaning
Issue details

Bibliography

Issue Mechanism of Shares

S.K SCHOOL OF BUSINESS MANAGEMENTPage 2

21
21
26
27

Issue Mechanism of Shares:

The success of an issue depends, partly, on the issue mechanism.
The methods by which new issues are made are:
(i) Public issue through prospectus,
(ii)Tender/Book building,
(iii) Offer for sale
(iv) Placements
(v) Rights issue.

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1) Offer for sale:-

Meaning of OFS:This method by which securities can be issued is by means of an offer for sale.
Under this method, instead of the issuing company itself offering its
shares, directly to the public, it offers through the intermediary of issuing
houses/merchant banks/investment banks or firms of stockbrokers. The modus
operandi of the offer of sale is akin to the public issue method. Moreover, the
issues are underwritten to avoid the possibility of the issue being left largely in the
hands of the issuing houses. But the mechanism adopted is different. The sale of

securities with an offer for sale method is done in two stages.

Company Name: - Rama phosphates ltd

History:The Company was incorporated on 3rd September, 1984 as a Private Limited

Company and was subsequently convented into a Public Limited Company on 13th
January, 1986.
It was promoted by NRI Investors Inc, Republic of Panama, wholly owned by
Ramsinganis, the promoters of Rama Group of Companies.
The Company undertook to set up a project for the manufacture of 66,000 tpa of
Single Super Phosphate (SSP) and 33000 tpa of Sulphuric Acid at Indore in Madhya
Pradesh.
Production at the SSP Plant, commenced from 27th September 1987 and that of the
Sulphuric acid plant from 23rd March, 1988.
The company entered into an agreement with M/s Engineering Consultants (India)
Pvt Ltd, for technical know how inclusive of designs, details of engineering and
site supervision etc.

2003
-0ut come of AGM Delisting of its share from Ahmedabad, Delhi, Madras, Madhya
Pradesh and Kolkata Stock Exchanges.
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Authority to the Board of Directors to give on lease the Indore Oil

Division of the Company.
2009
-Mr. A P Mohanty has been appointed as the Nominee Director of the
Bank of India on the Board of the company
-Shri. K. Raghuraman has been appointed as the Special Director on
the Board of the Company
2010
-Mr. K. D. Ailani has been appointed as the Nominee Director of IDDI
Ba k Ltd on the Board of the company

2011
-Mr. P. K. Srivastava has been appointed as the Nominee Director of
Bank of India on the Board of the Company
2012
-Rama Phosphates Fertilizer Unit at Pune has won an award for Best
Performing SSP Industry in the country consecutively for second year
in a row
2013
- Rama Phosphates Ltd has recommended a final dividend of Rs. 0.50
per Equity share (5% on face value of Rs. 10/- shares).

About Rama Phosphates Ltd

Rama Phosphates Ltd., incorporated in the year 1984, is a Mid Cap company
(having a market cap of Rs 46.18 Cr.) operating in Fertilisers sector.
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Rama Phosphates Ltd. key Products/Revenue Segments include Chemicals &

Fertilizers which contributed Rs 346.80 Cr to Sales Value (65.21% of Total Sales),

De Oiled Cake which contributed Rs 131.13 Cr to Sales Value (24.65% of Total

Sales), Refined Soyabean Oil which contributed Rs 52.71 Cr to Sales Value (9.91%
of Total Sales), Sulphur (Traded) which contributed Rs 0.96 Cr to Sales Value
(0.18% of Total Sales), Others which contributed Rs 0.09 Cr to Sales Value (0.01%
of Total Sales), Other Operating Revenue which contributed Rs 0.07 Cr to Sales
Value (0.01% of Total Sales), for the year ending 31-Mar-2014.
For the quarter ended 30-Jun-2015, the company has reported a Standalone sales of
Rs. 93.50 Cr., up 5.26% from last quarter Sales of Rs. 88.83 Cr. and up 3.15% from
last year same quarter Sales of Rs. 90.64 Cr. Company has reported net profit after
tax of Rs. 1.51 Cr. in latest quarter.
The companys management includes Mr.Kiran P Jain, Mr.Kiran P Jain, Mr.A K
Thakur, Mr.D J Ramsinghani, Mr.D N Singh, Mr.H D Ramsinghani, Mr.K
Raghuraman, Mr.M Shanmugam, Mrs.N H Ramsinghani.

Company has Dayal & Lohia as its auditors. As on 30-Jun-2015, the company has
a total of 17,693,213 shares outstanding.

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Detail :Start date :- 3-6-2013

End date :- 3-6-2013
Face value : 10
No of share :- 11,43,500

2) Book building
Meaning of Book building: When a company plans for raising of funds from the market, the book building
method is one such way to raise more funds. After accepting the free
pricing mechanism by the SEBI, the Book building process has acquired too much
significance and has opened a new lead in development of capital market.
Issue Mechanism of Shares
A company can use the process of book building to fine tune its price of issue.
When a company employs book building mechanism, it does not pre-determine the
issue price (in case of equity shares) or interest rate (in case of debentures) and
invite subscription to the issue.
Instead it starts with an indicative price band (or interest band) which is determined
through consultative process with its merchant banker and asks its merchant banker
to invite bids from prospective investors at different prices (or different rates).
Those who bid are required to pay the full amount. Based on the response received
from investors the final price is selected.

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Galaxy Surfactants Ltd

History :Incorporated in 1980, Galaxy surfactants Ltd. Is in the business of manufactures
and marketers of surfactants and specialty chemicals in india for the personal and
home care industry. Galaxy surfactants produce a range of cosmetic ingredients
including active ingredients, UV proection and functional products. Companys
products used by many large FMCG companies in skin care, hair care, oral care,
body wash, sun care, household cleaners and fabric care products.

Companys product portfolio has 66 products and its sales spread over 70 countries
around the world. Galaxy Surfactants is a certified supplier and preferred vendor
for leading companies in the field of personal and home care. Companys global
customer includes Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversev,
LOreal, Reckitt Benckiser and Unilever.Galaxy domestic, customers include Ayur
Cavinkare, Dabur, Emani, ITC, Marico, Prrocter & Gamble and many more.

Issue Detail:
Issue Open: May 13, 2011 - May 19, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: 5,930,000 Equity Shares of Rs. 10
Issue Size: Rs. 0.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 325 - Rs. 340 Per Equity Share
Market Lot: 20 Shares
Minimum Order Quantity: 20 Shares
Listing At: BSE, NSE

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About Company
Galaxy Surfactants was originally incorporated as Galaxy Surfactants Private
Limited, under the provisions of the Companies Act, 1956, vide certificate of
incorporation dated May 20, 1986 bearing registration number 39877, issued by
the RoC. Subsequently, pursuant to a resolution passed at the meeting of the board
of directors held on December 12, 1994, and a special resolution of the
shareholders of the company at the EGM held on January 24, 1995, the company
was converted into a public limited company and the name of the company was
changed from Galaxy Surfactants Private Limited to Galaxy Surfactants
Limited and a certificate for change of name was issued by the RoC on March
13, 1995.

The company is one of the leading manufacturers and marketers of surfactants and
specialty chemicals in India for the Personal and Home Care industry. The
company produces a range of vital cosmetic ingredients including active
ingredients, UV protection and functional products. Its products cater to some of
the largest global brands in the FMCG sector and find applications in skin care,
hair care, oral care, body wash, sun care, household cleaners and fabric care
segments. From a modest beginning in 1980 with two products by its promoters,
the company has today transformed its business into a value based, technology
driven, environment conscious and customer oriented organization with a portfolio
of 66 products and with sales spread over 70 countries.
The company is certified supplier and preferred vendor for leading companies in
the field of personal and home care. Few of its global customers are Beiersdorf,
Colgate Palmolive, Ecolab, Henkel, Diversey, Oreal, Reckitt Benckiser and
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Unilever. The company domestic customers include Ayur, CavinKare, Dabur,

Emami, ITC, Marico, Procter & Gamble Home Products Limited to name a few.

The company growth has been aided by its approach of strategic partnership with
its customers. Customer intimacy, innovation and competitiveness form its value
triangle.
The companya registered and corporate office is located at TTC Industrial Area,
Pawne, Navi Mumbai. It has regional offices in New Delhi, Thailand and USA. At
present, it has three manufacturing units at Tarapur, two manufacturing units at
Taloja, Maharashtra and one manufacturing unit in USA. Both the units at Taloja

are continuous process plants and one of the units is a 100% Export Oriented Unit
(EOU). The manufacturing facility in USA is owned by its 100% step-down
subsidiary Maybrook Inc. All its existing manufacturing units in India are certified
for ISO 9001:2008 Quality Management Systems by Bureau Veritas Certification
(India) Private Limited and have also obtained TPM awards from Japan Institute of
Plant Maintenance. Further, it is in the process of setting up manufacturing units at
Jhagadia, Gujarat which will be operational by May 2011 and at Suez, Egypt
through its 100% step down subsidiary GC Egypt which will be operational by
August 2011.

R&D programmes is key to successful innovation in the business. The company

R&D Centre is recognized by the Department of Science and Technology,
Government of India. Its R&D efforts are driven by its Consumer-to-Chemistry
strategy. This involves understanding the changing consumer trends and tuning its
R&D efforts in line with its customer product development initiatives. It has a
well-equipped R&D centre at Navi Mumbai to develop new products, technologies
and applications for the personal and home care industry. The company R&D
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efforts also comprise of standardizing new analytical methods and identifying

substitutes for certain raw materials.

Subsidiaries of the company

Galaxy Chemicals Inc. USA
Galaxy Holdings (Mauritius) Ltd. Mauritius
Galaxy Chemicals (Egypt) S.A.E. Egypt
Rainbow Holdings GmbH Germany
Tri-K Industries Inc. USA
Maybrook Inc. USA
OTC GmbH Germany

3) Right issue
Meaning of Right issues:This method can be used only by the existing companies. In the case of companies
whose shares are already listed and widely-held, shares can be offered to
the existing shareholders. This is called rights issue. Under this method, the
existing shareholders are offered the right to subscribe to new shares in proportion
to the number of shares they already hold. This offer is made by circular to
existing shareholders only. The chief merit of right issue is that it is an
inexpensive method.

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Company name :- Remco systems ltd

Remco Products and Services
The Remco system utilises the same technology used for industrial monitoring and
control applications, such as the controlling of air conditioning systems for buildings.
The technology uses established industry standard communication protocols so that the
Remco system may be integrated into existing building management systems and even
alarms systems if required.

The particular strengths of the Remco system are: the ability to monitor and
control a wide range of sensors; proven communications capabilities enabling
economic monitoring solutions for a wide range of applications from the smallest
installation to the largest controlling extensive networks of structures.

Issue details:Start date :- 5-5-2014

End date 19-5-2014
Offer price 155.00
Face value :- 10

History
YEAR EVENTS 2000 - Chennai-based Ramco Systems, market leaders in
information security solutions in India, has entered into an alliance with Check Point
Software Technologies Ltd., a global leader, to provide technical training and
certification on internet security products and services.
Ramco Systems has kicked off ' Ramco Value Net' drive, to help businesses adopt ecommerce, with a tie-up with consulting company Edeagroup in the US. Ramco Systems
and the Edeagroup will be combining their back-office and front-end solutions in a
partnership to offer end-to-end collaborative-commerce (c-commerce) services that seek
S.K SCHOOL OF BUSINESS MANAGEMENTPage 12

to replace static, web-enabled value chains. - Mr. P. R. Venketrama Raja, Vice-Chairman

& Managing Director of Ramco Industries Limited has been appointed as Vice-Chairman
& Managing Director of the Company. 2001 - Ramco Systems has entered into a
partntership with Sun Microsystems to participate in the iForce program for developing
scaleable business solutions in the Sun Java application development space. 2002Venketrama Raja takes over operational control at Ramco Systems.

2003
Ramco Systems Limited has informed the Exchange that the company has on May 28,
2003 announced that Michael C. Taylor has joined as President and Chief Executive
Officer of North American Operations.
Ramco Systems wins the large order from Tata Tele Services Ltd.
Ramco Systems and Traimum AG wins 'Gold Award' at CEBIT 2003 for joint
development of outpatient healthcare systems.
Ramco Systems ties with ETALK as its business partner for India and S E Asia.
Micael C Taylor joins as President and Chief Executive Officer of North American
Operations of Ramco Systems.
BOD's have appointed Ms. S Aneetha as Company Secretary and Compliance Officer of
the company
IT company Ramco Systems announced the launch of an ERP software, Ramco
e.Applications, for small and medium business (SMB) segment.
2004
Ramco partners with Fiona Infosystems
Ramco inks pact with Sigma Soft

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2005
Ramco unveils new version of Ramco Decision Works
Ramco Systems Ltd Issues Rights in the Ratio of 1:4
2006

Ramco Systems wins order from DLF Universal

2008
Ramco Systems Ltd has informed that the Board of Directors of the Company at its
meeting held on January 31, 2008, inter alia, has appointed Shri. A V
Dharmakrishnan, as an Additional Director of the Company, till the end of ensuing
Annual General
-Ramco Systems wins HCM order from 'Landmark Group.
2010
-Ramco announces Partner Program for Ramco On Demand ERP (ERP on S
aaS)
-Ramco Systems firms up on unveiling software tools for aerospace, defense
-Ramco Systems secures Med sol order
-Ramco Systems and ESIS in partnership providing seamless supply
chain integration
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-Ramco Systems signs deal with Trade line Group

-Ramco Systems and IDBLUE Announce RFID Partnership Agreement
2011
- Ramco Systems wins order from MAS GMR Aerospace Engineering
-Ramco Systems awarded for 'Operational Excellence and Quality' at the BPO
Excellence Awards 2010-2011"
-Ramco Systems Launches SaaS ERP for Aviation Manufacturing at Miami

-Ramco Systems had incorporated a wholly-owned Subsidiary named

Ramco Systems FZ-LLC in Dubai,
-Ramco Systems launches

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Name of the
company

Securities

Naysaa Securities Limited

Market Lot

Scrip Code

34,76,750 equity shares

of Rs. 10/- each fully paid
up
8000 Equity
Shares

538668

Distinctive Nos.
1 to
34,76,750
Issue Price:

Date of Allotment in the public

issue:

Rs. 15/- per share

September 23, 2014
(Face Value of Rs.10/- and premium of Rs.5/-)

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BIBLIOGRAPHY :http://www.bseindia.com/markets/PublicIssues/IPOIssues_new.aspx?
expandable=2&id=2&Type=
Adani ports and special economic zone ltd
http://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?
id=664&type=IPP&idtype=2&status=H&IPONo=693&startdt=6%2f4%2f20
Remco systems ltd
https://en.wikipedia.org/wiki/Remco
Naysaa securities ltd
http://economictimes.indiatimes.com/naysaa-securities-ltd/stocks/companyid57411.cms
rama phosphates ltd
http://ramaphosphates.com/
galaxy surfactants ltd
http://www.galaxysurfactants.com/

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