Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Fri, Sep 1, 2017 - Wed, Sep 6, 2017
A & M Febcon IPO is a fixed price issue of ₹6.68 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹6.68 crore.
A & M Febcon IPO bidding started from Sep 1, 2017 and ended on Sep 6, 2017. The shares got listed on BSE SME on Sep 14, 2017.
A & M Febcon IPO price is ₹18 per share. The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Gretex Corporate Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to A & M Febcon IPO RHP for detailed Information.
IPO Open
Fri, Sep 1, 2017
IPO Close
Wed, Sep 6, 2017
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹16.47 Cr
| IPO Date | 1 to 6 Sep, 2017 |
| Listed on | Thu, Sep 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,12,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,92,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.3456 Cr) |
| Fresh Issue (Ex Market Maker) | 35,20,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 35,20,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 54,40,289 shares |
| Share Holding Post Issue | 91,52,289 shares |
| BSE Script Code | 540697 |
| ISIN | INE319X01018 |
A & M Febcon IPO comprises a total issue size of 37,12,000 shares. The net offer to the public is 35,20,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,60,000 (50.00%) allocated to NII 17,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,60,000 | 50.00% | 47.41% |
| Retail Shares Offered | 17,60,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.17% | |
| Total Shares Offered | 37,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Incorporated in 2013, A & M Febcon Ltd is engaged in the services of engineering which is applied to the planning, designing and control of industrial operations and in the business of Industrial equipment and metal fabrication.
Metal fabrication involves converting raw metal sheet / coil / plate into an intermediate /semi -finished products through a series of processes including cutting, bending and assembling.
Industrial equipment fabrication (process equipment fabrication) is the most complex of the three - structural, commercial, & industrial - and is used primarily to develop industrial machinery. Industrial fabrication operation is mostly customized in nature. Equipments & machineries manufactured through industrial fabrication include boilers, storage tanks, heat exchangers, columns, and towers etc, collectively called as process plant equipments. These process plant equipments are widely used in petrochemical plants, oil & gas refinery, metal industry, cement plants, pulp & paper manufacturing plants etc.
| 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 | To Meet working capital requirement | 6.10 |
| 2 | General corporate purpose | 0.18 |
The A M Febcon is subscribed [.] times on September 6, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 18,56,000 | 5,20,000 |
| Retail | [.] | 18,56,000 | 48,08,000 |
| Total | [.] | 37,12,000 | 53,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.34 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing Expenses | 0.02 |
| 4 | Statutory and Other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.00 |
| Low | ₹14.40 |
| High | ₹18.60 |
| Last Trade | ₹18.00 |
Lead Manager Reports
A & M Febcon IPO is a SME IPO of 37,12,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Sep 1, 2017, and closes on Wed, Sep 6, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in A & M Febcon IPO using UPI as a payment gateway. Zerodha customers can apply in A & M Febcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A & M Febcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A & M Febcon IPO opens on Fri, Sep 1, 2017 and closes on Wed, Sep 6, 2017.
A & M Febcon IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in A & M Febcon 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 A & M Febcon IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the A & M Febcon IPO allotment status.
The A & M Febcon IPO listing date is on Thu, Sep 14, 2017.
