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Udaipur: Udaipur based Bohra IndustriesLimited.("BOHRA" or the "Company") proposes to make a fresh issue of 45,72,000Equity Shares (face value of Rs 10 per share). Pantomath Capital Advisors Private Limited, a Category I Merchant Banker is the Book Running Lead Manager to the Issue. The proceeds raised through this issue are largely to be utilized towards Purchase of Plant and Machinery for SSP expansion, Working Capital requirements and General Corporate Purpose.
The issue will open on March 23, 2017 and will close on March 27, 2017.The issue price band is Rs. 51/- to Rs. 55/- per equity share.
"We are delighted to have taken this progressive decision of going public and thus entering the league of listed Companies in the FertiliserIndustry. We look forward for exploring new market and availing the benefits of going public. With nationwide visibility through EMERGE platform of NSE we shall also create an edge over our unlisted peers, thus building a strong repute in the Industry." remarked Mr. Hemant Kumar Bohra, Managing Director, Bohra IndustriesLimited.
Incorporated in 1996,Bohra Industries Limited is majorly engaged in manufacturing manufacturing of Single Super Phosphate(SSP) both in powder and granulated form. The product, SSP fertilizer is being sold under brand name MAHALAXMI, in 17 states of India and is also simultaneously marketed by leading fertilizer companies of India. The Company plans to enhance the production capacity of existing manufacturing unit of SSP from1,20,000mtp.a to 3,00,000 mt pa. As part of business strategy, Company plans to diversify itsproduct portfolio by entering into new product lines such as Triple Super Phosphate (TSP), Food GradePhosphoric acid (PA) and Nitrogen Phosphorus and Potassium (NPK) and have also entered into aMemorandum of Understanding with Yunnan Design Institute of Chemical Engineering Co Limited, Kunming, China for supply of technological processes for the proposedproducts and the entire installation will be initiated under their consultancy and supervision. The Company has also entered into an MOU with Rajasthan Government whereby, Government has provided a customised package to the Company in terms of which the Company will be eligible for a subsidy up to Rs 138 crores in a period of 7 years.
"We are thrilled to bring yet another promising company with a sound business model to NSE EMERGE.
The Company has a good product pipeline and a strategic location to broadbase its reach and we are confident the Company will be able to capitalize the same with the help of its proficient management team", remarked Mr. Mahavir Lunawat, Group Managing Director, Pantomath Advisory Service Group.

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