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Filatex India Ltd.

BSE: 526227 Sector: Industrials
NSE: FILATEX ISIN Code: INE816B01027
BSE 00:00 | 18 Oct 37.75 2.60
(7.40%)
OPEN

35.90

HIGH

37.95

LOW

35.60

NSE 00:00 | 18 Oct 37.65 2.30
(6.51%)
OPEN

35.25

HIGH

37.90

LOW

35.00

OPEN 35.90
PREVIOUS CLOSE 35.15
VOLUME 56272
52-Week high 66.45
52-Week low 32.00
P/E 9.96
Mkt Cap.(Rs cr) 829
Buy Price 37.30
Buy Qty 700.00
Sell Price 37.75
Sell Qty 700.00
OPEN 35.90
CLOSE 35.15
VOLUME 56272
52-Week high 66.45
52-Week low 32.00
P/E 9.96
Mkt Cap.(Rs cr) 829
Buy Price 37.30
Buy Qty 700.00
Sell Price 37.75
Sell Qty 700.00

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.