Bookbuilding IPO | ₹24 Cr | Listed at BSE, NSE | Mon, Sep 8, 2008 - Thu, Sep 11, 2008
20 Microns IPO is a book build issue of ₹23.93 crores. The issue is a combination of fresh issue of 0.17 crore shares aggregating to ₹9.22 crores and offer for sale of 0.27 crore shares aggregating to ₹14.72 crores.
20 Microns IPO bidding started from Sep 8, 2008 and ended on Sep 11, 2008. The shares got listed on BSE, NSE on Sep 6, 2008.
20 Microns IPO price band is set at ₹55 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹5,500 (100 shares) (based on upper price). The lot size investment for sNII is 37 lots (3,700 shares), amounting to ₹2,03,500, and for bNII, it is 182 lots (18,200 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 2,17,532 shares for employees offered at a discount of ₹0.00 to the issue price.
Keynote Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to 20 Microns IPO RHP for detailed Information.
IPO Open
Mon, Sep 8, 2008
IPO Close
Thu, Sep 11, 2008
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹77.66 Cr
| IPO Date | 8 to 11 Sep, 2008 |
| Listed on | Sat, Sep 6, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹50 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 43,51,251 shares (agg. up to ₹24 Cr) |
| Fresh Issue | 16,75,619 shares (agg. up to ₹9 Cr) |
| Offer for Sale | 26,75,632 shares of ₹10 (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,24,44,800 shares |
| Share Holding Post Issue | 1,41,19,800 shares |
| BSE Script Code / NSE Symbol | 533022 / 20MICRONS |
| ISIN | INE144J01027 |
20 Microns IPO comprises a total issue size of 43,50,632 shares. The net offer to the public is 41,33,100 shares, after excluding 2,17,532 shares under a preferential allotment. Of the Net offer 20,66,550 (50.00%) are allocated to QIB, 6,19,965 (15.00%) allocated to NII 14,46,585 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 20,66,550 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 6,19,965 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 14,46,585 | 35.00% | 33.25% | 14,465 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,17,532 | 5.00% | NA | |
| Total Shares Offered | 43,50,632 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,500 |
| Retail (Max) | 36 | 3,600 | ₹1,98,000 |
| S-HNI (Min) | 37 | 3,700 | ₹2,03,500 |
| S-HNI (Max) | 181 | 18,100 | ₹9,95,500 |
| B-HNI (Min) | 182 | 18,200 | ₹10,01,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1987, 20 Microns Limited is India's largest manufacturer of White minerals with an annual output of over 180000 tons from plants spanning four different regions of India.
20 Microns Limited supplies the entire world with innovative products in the fields of Functional Filler and Extenders. The main fields of application for 20 MICRONS's products can be found, for instance, in Paints, Coatings and Printing Ink , Plastics, Paper, Ceramic, Rubber, Adhesives and Sealants. 20 MICRONS also manufactures specialised products for the Cosmetics, Cement and Concrete, Household Products, Detergent, Textile industries.
20 Microns Limited is an ISO 9001:2000 certified Company. Company's operations are divided into five geographical regions West, South, North, East and International. Each regional division has its own production, commercial distribution and technical facilities. 20 Microns Limited available in Chalk, Calcite, Marble and Dolomite. Chalk is formed by shells of NANOFOSSILS. This is fine microcrystalline material. Chalk quarries are located at Gujarat, India. 20ML marketing and other activities are mainly operating through two major segments in Minerals namely VAD (Value Added Products) and C&C (Commodity and Consumers). The segments are mainly to have a focus on the specific market. Both the segments have separate marketing teams to take care of the customer’s requirements.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Building | 14.74 |
| 2 | Plant & Machinery | 115.70 |
| 3 | Electricals | 15.33 |
| 4 | Issue Expenses | 34.13 |
| 5 | General Corporate Purposes | 5.00 |
| Total | 184.89 |
| KPI | |
|---|---|
| RoNW | 16% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 48.27% | 42.54% |
| Market Cap | ₹77.66 Cr. |
The 20 Microns IPO is subscribed 4.29 times on September 11, 2008 5:00:00 PM (Day 4). The public issue subscribed 10.59 times in the retail category, 0.9 times in the QIB category, and 1.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management Fee, Underwriting Commissions and Selling Commissions | 0.67 |
| 2 | Advertising and Marketing Expenses | 1.58 |
| 3 | Printing and Stationery | 0.37 |
| 4 | IPO Grading Agency fee | 0.02 |
| 5 | Others (Registrar’s Fee, Legal Fee, etc.) | 0.77 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹55.00 | ₹55.00 |
| Open | ₹50.00 | ₹80.00 |
| Low | ₹31.50 | ₹31.60 |
| High | ₹96.25 | ₹80.00 |
| Last Trade | ₹33.30 | ₹33.65 |
Lead Manager Reports
20 Microns IPO is a main-board IPO of 43,51,251 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 100.
The IPO opens on Mon, Sep 8, 2008, and closes on Thu, Sep 11, 2008.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in 20 Microns IPO using UPI as a payment gateway. Zerodha customers can apply in 20 Microns IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in 20 Microns IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The 20 Microns IPO opens on Mon, Sep 8, 2008 and closes on Thu, Sep 11, 2008.
20 Microns IPO lot size is 100, and the minimum amount required for application is ₹5,500.
You can apply in 20 Microns IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for 20 Microns IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the 20 Microns IPO allotment status.
The 20 Microns IPO listing date is on Sat, Sep 6, 2008.
