PROLIFE INDUSTRIES LIMITED -IPO DETAILS.

Prolife Industries Limited, a Public Limited Company incorporated under the Companies Act, 1956 and having its Registered Office situated at 213, G.I.D.C. Panoli Ankleshwar – 394 116, Gujarat.

PUBLIC ISSUE OF 11,10,000 EQUITY SHARES OF FACE VALUE OF ` 10 EACH 

Issue Price 38 PER EQUITY SHARE 

Issue Opens 27th Dec 2016

Issue Closes 30th Dec 2016

Market Lot 3000 shares in multiples of 3000 therein

Listing ;- NSE Emerge Platform.

World chemicals turnover was valued at €3,534 billion in 2015. Global sales grew by 14.0 per cent from €3,100 billion in 2014 to €3,534 billion in 2015. World chemicals sales in 2015 grew by €434 billion compared with 2014, marking a significant recovery in the world chemical industry. It was largely driven by China, where chemicals sales swelled impressively from €1,084 billion in 2014 to €1,409 billion in 2015 (30 per cent increase in value terms), whereas contribution from India was € 77 billion.

The issue is priced at Rs 38 and with an EPS of Rs 3.95 for FY16,P.E works out to be 9.6x which is reasonably priced compared to its peers Omkar Speciality and Yash Chem which trade at 14.4x and 18.2x respectively.

One can Subscribe to issue and expect Gains of around 10%-15%.

Issue Details on Sebi Website http://www.sebi.gov.in/cms/sebi_data/attachdocs/1482751767348.pdf

Discliamer:- AS OF TODAY I AM NOT A SEBI REGISTERED RESEARCH ANALYST.ONE MUST ALWAYS CONSULT FINANCIAL ADVISOR BEFORE INVESTING.The idea of writing this article is to create awarness amongst investor.