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*Genus Paper Products Ltd* has filed a DRHP with the SEBI to raise funds through an IPO. The company intends to raise upto Rs 60 Cr through the public offering. It is also planning to raise funds through pre-IPO placement. The company intends to use the funds to increase the capacity of the kraft paper manufacturing facilities from 140 TPD to 325 TPD. The funds will also be used to increase the capacity of the treatment plant and buying power from Uttar Pradesh Power Corporation Ltd. *Mefcom Capital Markets Ltd.* and *Emkay Global Financial Services Ltd*. are the book running lead managers to the issue. Transaction Reference: DRHP Transaction Note Genus Paper was originally incorporated as DSM Papers Ltd. in 1996. It was then acquired by Kailash Industries in 2002 and the name was changed to *Kailash Paper products Ltd*. It was then renamed as Genus Paper Products Ltd. in 2006. It is promoted by Ishwar Chand Agarwal and is fully owned by the promoter and promoter group companies. Presently, the company has four plants, having the facilities for manufacturing Waste Paper based Multi Layer Kraft Paper, Agro based Kraft Paper, M. S. Ingots and Particle Board with the installed capacities of 46,200 TPA, 20,460 TPA, 23,760 TPA and 5,000 TPA respectively. Its clientele includes Onida, Videocon Industries, Moserbaer, Eveready and Videocon among others. *Comparison with Listed Peers* Company Revenue PAT EPS Genus Paper 95.37 2.56 1.13 Rainbow Paper 235.47 23.48 32.58 Pudumjee Pulp & Paper Mills 220.97 4.21 5.13 *Paper Industry Outlook* According to the Website of Industry Paper Manufacturers Association, the demand for paper is estimated to touch 11 Mn tonnes by 2015 and $15 Mn tonnes by 2020. The Indian paper industry is highly fragmented. There are about 708 units manufacturing pulp, paper, paper products and newsprint. The total installed capacity is about $12 Mtpa. The top five paper producers which includes Ballarpur Industries Ltd., ITC Bhadrachalam Paperboards and Hindustan Paper Corporation Ltd. account for about 15% of the total paper capacity in the country. Another paper producer – Sundaram Multi Pap Ltd is also coming up with a public offering to raise upto Rs 100 Cr for funding expansion plans of the company. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
