Bookbuilding IPO | ₹41 Cr | Listed at BSE, NSE | Tue, Feb 20, 2007 - Thu, Mar 1, 2007
Abhishek Mills IPO is a book build issue of ₹41.00 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹41.00 crore.
Abhishek Mills IPO bidding started from Feb 20, 2007 and ended on Mar 1, 2007. The shares got listed on BSE, NSE on Mar 19, 2007.
Abhishek Mills IPO price band is set at ₹100 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,000 (60 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,040 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (10,020 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 2,05,000 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Abhishek Mills IPO RHP for detailed Information.
IPO Open
Tue, Feb 20, 2007
IPO Close
Thu, Mar 1, 2007
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹140.08 Cr
| IPO Date | 20 Feb to 1 Mar, 2007 |
| Listed on | Mon, Mar 19, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 41,00,000 shares (agg. up to ₹41 Cr) |
| Fresh Issue | 41,00,000 shares (agg. up to ₹41 Cr) |
| Share Holding Pre Issue | 99,08,462 shares |
| Share Holding Post Issue | 1,40,08,462 shares |
| BSE Script Code / NSE Symbol | 532831 / ABHISHEK |
| ISIN | INE004I01017 |
Abhishek Mills IPO comprises a total issue size of 41,00,000 shares. The net offer to the public is 38,95,000 shares, after excluding 2,05,000 shares under a preferential allotment. Of the Net offer 19,47,500 (50.00%) are allocated to QIB, 5,84,250 (15.00%) allocated to NII 13,63,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 19,47,500 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 5,84,250 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 13,63,250 | 35.00% | 33.25% | 22,720 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,05,000 | 5.00% | NA | |
| Total Shares Offered | 41,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,000 |
| Retail (Max) | 33 | 1,980 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,040 | ₹2,04,000 |
| S-HNI (Max) | 166 | 9,960 | ₹9,96,000 |
| B-HNI (Min) | 167 | 10,020 | ₹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 |
Abhishek Mills Limited Kolhapur, Maharashtra based company involve in two businesses, yarn manufacturing and construction.
Abhishek Mills Limited has 33120 spindles producing 100% combed cotton yarn catering to the demand for finer count in the premium segment of combed cotton yarn in the export market. Company exports its cotton yarn to European countries like Germany, Italy, Switzerland and other countries including Vietnam, Bahrain, Hong Kong, Russia, Korea and Mauritius.
Abhishek Mills Limited entered into construction business in the year 2000 and undertook job work for Morbe dam (earthern) project on Dhavri River.
For six months ended on 30th September, AML posted sales of Rs.40.86 cr. with a PAT of Rs.6.73 cr. while for FY06 it recorded a turnover of Rs.67.35 cr. with a PAT of Rs.12.81 cr.
| 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 | Capital expenditure for setting up expansion project | 207.95 |
| 2 | Margin money for working capital requirement for the expansion project in the first year of operation | 10.83 |
| 3 | Issue related expenses | 3.54 |
| KPI | |
|---|---|
| RoNW | 28.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 70.73% |
| Market Cap | ₹140.08 Cr. |
The Abhishek Mills IPO is subscribed 1.26 times on March 1, 2007 5:00:00 PM (Day 8). The public issue subscribed 0.32 times in the retail category, 1.16 times in the QIB category, and 3.86 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 | Management fees, underwriting commission and brokerage | 1.17 |
| 2 | Marketing and advertisement expenses | 1.15 |
| 3 | Stationary, printing and registrar expenses | 0.81 |
| 4 | Legal fees, listing fees, book building charges, auditors fees | 0.25 |
| 5 | Miscellaneous | 0.16 |
Book Running Lead Manager to the issue has informed the Exchange that the issue will close on March 01, 2007 instead of the earlier closing day of February 26, 2007. Further price band has been revised from Rs.95/- to Rs.110/- per share to Rs.90/- to Rs.100/- per share.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹94.00 | ₹85.15 |
| Low | ₹79.40 | ₹78.15 |
| High | ₹100.45 | ₹100.65 |
| Last Trade | ₹91.15 | ₹91.25 |
Lead Manager Reports
Abhishek Mills IPO is a main-board IPO of 41,00,000 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 60.
The IPO opens on Tue, Feb 20, 2007, and closes on Thu, Mar 1, 2007.
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 Abhishek Mills IPO using UPI as a payment gateway. Zerodha customers can apply in Abhishek Mills IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Abhishek Mills IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Abhishek Mills IPO opens on Tue, Feb 20, 2007 and closes on Thu, Mar 1, 2007.
Abhishek Mills IPO lot size is 60, and the minimum amount required for application is ₹6,000.
You can apply in Abhishek Mills 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 Abhishek Mills IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Abhishek Mills IPO allotment status.
The Abhishek Mills IPO listing date is on Mon, Mar 19, 2007.
