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Simplex Projects Ltd is entering into the retail car parking space and wants to sell semi-automatic car parking solutions to society-managed apartments and multiplexes.

The Rs 130-crore construction company, which specialises in automated multi-level car parking system, will soon put up model car parking space in four metros to showcase the semi-automatic technology it is getting from a Korean company.

Said Pradeep K Mishra, senior vice-president (finance & accounts), “We believe there is a market for retail car parking technology specially in cities where parking costs are gradually increasing. The technology will enable, say, four cars to be stacked up on one another.”

According to Mishra, monthly car parking fees in apartments at Nariman Point in Mumbai could be as high as Rs 15,000.

Mishra said Simplex, to begin with, would bring four prototype models from the Korean firm. “Once the technology transfer is over, we will start manufacturing the entire system in Kolkata.”

Simplex on Thursday signed a technology transfer agreement with EWW, a Dutch company, for a fully automated car parking system. It will sign another agreement with the Korean company for the technology transfer of the semi-automated parking system.

The money to fund these technology collaborations comes from the private placement of 14 lakh shares at Rs 70 per share to Enam Securities. “We are spending part of the proceeds on technology acquisition.”

Simplex Projects has created a fully-automated multi-level car parking system for 280 cars on built-own-operate & transfer (BOOT) basis for a period of 20 years at New Market, Kolkata.

The company is working with the Delhi Municipality Corp as a consultant for development of 11 car-parking zones. Simplex will develop another three zones itself.

The company is also planning for an initital public offer of 30,00,000 equity shares and plans to raise around Rs 50 crore.

SPL is an ISO 9001:2000 certified construction company and is providing integrated engineering, procurement and construction services for civil & Structural construction and infrastructure sector projects.

SPL’s focus area includes:

Piling and Foundations
Civil construction projects, which include structures such as commercial and residential complexes, mass housing projects, townships, industrial structures;
Transportation engineering projects including bridges, flyovers, underpasses, road projects; and
Irrigation, Water supply and Sewarage Schemes.
Installation and operation of Multi Level Car Parking Systems.

SPL’s portfolio of completed and ongoing civil construction projects includes commercial and residential buildings, group housing projects and townships, industrial structures, hospitals and universities and educational campuses. The infrastructure portion of projects fall broadly into the categories of transportation engineering, and irrigation & water supply. In the transportation engineering category, SPL has constructed roads, bridges, flyovers and underpasses. In the irrigation & water supply category, SPL has built water supply and sewerage projects. The Company has also completed various piling projects.

SPL’s portfolio of completed and ongoing civil construction projects includes commercial and residential buildings, group housing projects and townships, industrial structures, hospitals and universities and educational campuses. The infrastructure portion of projects fall broadly into the categories of transportation engineering, and irrigation & water supply. In the transportation engineering category, SPL has constructed roads, bridges, flyovers and underpasses. In the irrigation & water supply category, SPL has built water supply and sewerage projects. The Company has also completed various piling projects.

• Piling and Foundations
• Civil construction projects, which include structures such as commercial and residential complexes, mass housing projects, townships, industrial structures;
• Transportation engineering projects including bridges, flyovers, underpasses, road projects; and
• Irrigation, Water supply and Sewarage Schemes.
• Installation and operation of Multi Level Car Parking Systems.

SPL’s portfolio of completed and ongoing civil construction projects includes commercial and residential buildings, group housing projects and townships, industrial structures, hospitals and universities and educational campuses. The infrastructure portion of projects fall broadly into the categories of transportation engineering, and irrigation & water supply. In the transportation engineering category, SPL has constructed roads, bridges, flyovers and underpasses. In the irrigation & water supply category, SPL has built water supply and sewerage projects. The Company has also completed various piling projects.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for

1. Augment Long Term Working Capital Requirement;
2. Acquire Plant & Machineries;
3. Investment in Subsidiary for Purchase of Design and Technology for Semi and Fully Automated Multi Level Car Parking Systems.
4. Investment in Subsidiary for Development of Designs and Setting up of Fabrication Unit.
5. Investment in Subsidiary for meeting the expenses of Marketing and Promotion of Parking Systems.

Simplex Projects Limited IPO Information

»» Public Issue Open : July 10, 2007 to July 13, 2007
»» Public Issue Type : 100% Book Building Issue (Initial Public Offer IPO )
»» Public Issue Size: 30,00,000 Equity Shares of Rs.10/- each
»» Public Issue Price: Rs. 170/- to Rs. 185/- Per Equity Share
»» Market Lot: 30 Shares
»» Minimum Order Quantity: 30 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE
»» Lead Manager: UTI Securities Limited
»» Registrar : Cameo Corporate Services Ltd (Ph: 044-28460390 Email: simplex@cameoindia.com)
»» Simplex Projects IPO listing date, Simplex BSE Code, Simplex NSE Symbol :

• Listing On: Friday, August 03, 2007
• BSE Script Code: 532877
• NSE Symbol: SIMPLEX
• Listing in: B1 Group of Securities in BSE
• ISIN: INE898F01018
• Issue Price: Rs. 185/- Per share (Face Value of Rs. 10/-)

Bidding Status (IPO Subscription day by day)

› Download Prospectus - with SEBI

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