20 Microns, engaged into the production of micronised minerals, has filed its DRHP with SEBI on 25^th March 2008, to enter the capital market with a public issue of 94.25 lakh equity shares of  Rs 10 each at a price to be decided through a book building process at a later stage.

The issue consists of a fresh issue of 67.50 lakh equity shares and an offer for sale of 26.75 lakh equity shares by Gujarat Venture Capital Fund 1995. The issue will constitute 49.10 % of the post issue paid up capital of the company.

The equity shares are proposed to be listed on both the BSE & NSE. The BRLM to the issue is Keynote Corporate Services.

The company intends to utilize the proceeds from the issue for part funding the augmentation of its resources for  current expansion of manufacturing capacity at various locations and to invest in the sub micron particle sizes required by end market and for general corporate purposes.

Out of the issue proceeds, the company will deploy Rs 6.75 crore for land site development and building; Rs 29.47crore for plant and machinery and Rs 3.08 crore for laboratory equipment and electrical works.

Incorporated in 1987, 20 Microns set up a small unit in Gujarat with an annual capacity of 2,400 MT of micronised minerals which was an imported item till 1987-88 and there were no manufacturers of the same in the country then.

Till 1988, the plastic market was being catered to by manufacturers of non-micronised minerals and chemically manufactured calcium carbonates. 20 Microns marketed the concept of using micronized ground calcium carbonate and other minerals and eventually the plastic processing customers started switching over to the company . The company began the concept of the usage of ultrafine minerals ranging from 20 microns to 2 microns particle size. Over the years, 20 Micron, as per market needs and with its on-going Research & Development,  introduced minerals of sub micron size and helped all the industrial segments to get benefits in terms of functional properties & pricing of their products.