See FY09 revenues at Rs 213 cr: Archidply

Q: Can you start by telling us what you could achieve in FY09 in terms of sales and profits?

A: In FY09, our net sales would be 213 crore and the profit would be 25 crore and EPS would Rs 11.5.

Q: Walk us through where you stand in the entire industry right now, what exactly is your market share how much do you expect it to scale upto to achieve that net profit target you set out?

A: We are in the organized sector having a market share of 8% and with our capacities being ramped up to 45 billion square meter, we will be shortly having a market share of around 16% in the organized market space.

Q: Any other fund raising plans that you have going right now?

A: We have got positive cash flows in our operations - even last year we made Rs 8 crore of positive cash flow from operations and project investment of Rs 83 crore is already tied up with the IPO and term loans from the institutions. So going forward we would not be going for any more fund raising exercise.

Q: Your IPO just barely got subscribed, could you take us through where you made the principal allotments because still the last day it did not look like it would get subscribed fully?

A: Our retail support was very strong and got subscribed by three times in the retail sector, in the HNI sector by 1.5 times and in QIB, the statutory part of 10% was just subscribed one time. So overall, the issue got subscribed 1.52 times and maximum has come from the retail investments.