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Filatex India Ltd.

BSE: 526227 Sector: Industrials
NSE: FILATEX ISIN Code: INE816B01027
BSE 00:00 | 19 Jan 65.55 0.05
(0.08%)
OPEN

65.70

HIGH

67.85

LOW

65.05

NSE 00:00 | 19 Jan 65.65 0.20
(0.31%)
OPEN

67.00

HIGH

67.95

LOW

65.25

OPEN 65.70
PREVIOUS CLOSE 65.50
VOLUME 104856
52-Week high 71.70
52-Week low 15.55
P/E 21.15
Mkt Cap.(Rs cr) 1,447
Buy Price 65.55
Buy Qty 233.00
Sell Price 66.50
Sell Qty 100.00
OPEN 65.70
CLOSE 65.50
VOLUME 104856
52-Week high 71.70
52-Week low 15.55
P/E 21.15
Mkt Cap.(Rs cr) 1,447
Buy Price 65.55
Buy Qty 233.00
Sell Price 66.50
Sell Qty 100.00

Filatex India Ltd. (FILATEX) - Company History

Incorporated in Aug.'90, Filatex India (FIL) was promoted by Purshottam Bhageria and his brothers is into manufacture of Monofilament yarn and PFY. Reifenhauser & Company is the technical collaboration of the company. The company has an installed capacity to produce 1500 tpa of monofilament yarn and 26200 tpa of PFY. Monofilament yarn finds application in brush bristles, industrial fabric, sewing threads, zippers, sports racquet Guts, artificial turf and magic fasteners. Later in 1995 it commissioned a Wind power project in Tamil Nadu. In Sep.'93, the company came out with a public issue. Keeping with the market situation the company expands or diversifies. It has diversified into the manufacture of speciality polyester filament yarn by setting up a unit at Dadra & Nagar Haveli. It has also installed a second line to manufacture monofilament yarn at its present plant. In 1994-95, the company issued 3.5 mln equity shares (premium : Rs 35) to financial institutions, mutual funds on private placement. In 1995-96, the company increased the installed capacity of polyester yarn to 700 tpa and manufacture polyester texturised yarn with an installed capacity of 1539 tpa. In 1997-98, it increased the installed capacity of Draw Texturised Yarn to 8,700 MT. The company made a preferential issue of equity shares to its promoters consisting of 15,00,000 equity shares of Rs.10/-each. Subsequently the equity share capital stands increased to Rs.10.80 crores.

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