Bookbuilding IPO | ₹776 Cr | Listed at BSE, NSE | Wed, Dec 8, 2010 - Fri, Dec 10, 2010
A2Z Maintenance IPO is a book build issue of ₹776.25 crores. The issue is a combination of fresh issue of 1.69 crore shares aggregating to ₹675.01 crores and offer for sale of 0.25 crore shares aggregating to ₹101.24 crores.
A2Z Maintenance IPO bidding started from Dec 8, 2010 and ended on Dec 10, 2010. The shares got listed on BSE, NSE on Dec 23, 2010.
A2Z Maintenance IPO price band is set at ₹400 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,150 (15 shares) (based on upper price). The lot size investment for sNII is 34 lots (510 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (2,505 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹20.00 to the issue price.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to A2Z Maintenance IPO RHP for detailed Information.
IPO Open
Wed, Dec 8, 2010
IPO Close
Fri, Dec 10, 2010
Issue Price
₹400 per share
Market Cap (Pre-IPO)
₹2,967.11 Cr
| IPO Date | 8 to 10 Dec, 2010 |
| Listed on | Thu, Dec 23, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹400 to ₹410 |
| Issue Price | ₹400 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹20.00 |
| Total Issue Size | 1,94,07,750 shares (agg. up to ₹776 Cr) |
| Fresh Issue | 1,68,76,569 shares (agg. up to ₹675 Cr) |
| Offer for Sale | 25,31,181 shares of ₹10 (agg. up to ₹101 Cr) |
| Share Holding Pre Issue | 5,73,01,125 shares |
| Share Holding Post Issue | 7,41,77,694 shares |
| BSE Script Code / NSE Symbol | 533292 / A2ZINFRA |
| ISIN | INE619I01012 |
A2Z Maintenance IPO comprises a total issue size of 1,94,07,750 shares. The net offer to the public is 1,93,07,750 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 96,53,874 (50.00%) are allocated to QIB, 28,96,163 (15.00%) allocated to NII 67,57,713 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 96,53,874 | 50.00% | 49.74% | NA |
| − Anchor Investor Shares Offered | 31,37,940 | 16.17% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 65,15,934 | 33.57% | NA | |
| NII (HNI) Shares Offered | 28,96,163 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 67,57,713 | 35.00% | 34.82% | 4,50,514 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 0.52% | NA | |
| Total Shares Offered | 1,94,07,750 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,000 |
| Retail (Max) | 33 | 495 | ₹1,98,000 |
| S-HNI (Min) | 34 | 510 | ₹2,04,000 |
| S-HNI (Max) | 166 | 2,490 | ₹9,96,000 |
| B-HNI (Min) | 167 | 2,505 | ₹10,02,000 |
| 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 2002, A2Z Maintenance & Engineering Services Ltd is an engineering, procurement and construction ("EPC") company in India and providing services to the power transmission and distribution sector. They are diversifying this business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.
Company is also involved in other businesses that include the following:
1. Generating power from renewable energy sources (the "Renewable Energy Generation business");
2. Providing municipal solid waste management services (the "MSW business");
3. Providing facility management services (the "FMS business"); and
4. Developing information technology ("IT") solutions for power utilities (the "Power IT Solutions business").
| 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 | Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab | 68.03 |
| 2 | Investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan | 120.00 |
| 3 | Investment in subsidiaries; | 169.67 |
| 4 | Repayment of a loan granted by L&T Infrastructure Finance Company Limited (“L&T Infrastructure Finance”) to the Company | 41.67 |
| 5 | Working capital requirements; and | 125.00 |
| 6 | General corporate purposes. | 112.82 |
| KPI | |
|---|---|
| RoNW | 23.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 55.81% | 42.1% |
| Market Cap | ₹2,967.11 Cr. |
The A2Z Maintenance IPO is subscribed 0.96 times on December 10, 2010 5:00:00 PM (Day 3). The public issue subscribed 0.33 times in the retail category, 0.68 times in the QIB category, and 3.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.68 | 75,27,656 | |
| NII | 3.12 | 31,99,679 | |
| Retail | 0.33 | 74,65,918 | |
| Employee | 0.32 | 1,00,000 | |
| Total | 0.96 | 1,81,93,253 |
CARE Limited has assigned an IPO Grade 4 to A2Z Maintenance & Engineering Services Ltd IPO. This means as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for A2Z Maintenance & Engineering Services Ltd.
A2Z Maintenance & Engineering Services IPO, A2Z Maintenance IPO, A2Z Maintenance & Engineering Services IPO Bidding, A2Z Maintenance & Engineering IPO Allotment Status, A2Z Maintenance & Engineering Services IPO drhp and A2Z Maintenance & Engineering Services IPO listing.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹390.00 | ₹500.00 |
| Low | ₹318.65 | ₹318.60 |
| High | ₹398.90 | ₹500.00 |
| Last Trade | ₹328.90 | ₹328.55 |
Lead Manager Reports
A2Z Maintenance IPO is a main-board IPO of 1,94,07,750 equity shares of the face value of ₹10 aggregating up to ₹776 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 15.
The IPO opens on Wed, Dec 8, 2010, and closes on Fri, Dec 10, 2010.
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 A2Z Maintenance IPO using UPI as a payment gateway. Zerodha customers can apply in A2Z Maintenance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A2Z Maintenance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A2Z Maintenance IPO opens on Wed, Dec 8, 2010 and closes on Fri, Dec 10, 2010.
A2Z Maintenance IPO lot size is 15, and the minimum amount required for application is ₹6,000.
You can apply in A2Z Maintenance 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 A2Z Maintenance IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the A2Z Maintenance IPO allotment status.
The A2Z Maintenance IPO listing date is on Thu, Dec 23, 2010.
