Bookbuilding IPO | ₹60 Cr | Listed at BSE, NSE | Fri, Sep 1, 2006 - Thu, Sep 7, 2006
Action Construction Equipment IPO is a book build issue of ₹59.80 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹59.80 crore.
Action Construction Equipment IPO bidding started from Sep 1, 2006 and ended on Sep 7, 2006. The shares got listed on the NSE and the BSE on Sep 26, 2006.
Action Construction Equipment IPO is set final issue price at ₹130 per share. The lot size for an application is 20 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,600 (20 shares) (based on upper price). The lot size investment for sNII is 77 lots (1,540 shares), amounting to ₹2,00,200, and for bNII, it is 385 lots (7,700 shares), amounting to ₹10,01,000.
Karvy Investor Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Action Construction Equipment IPO RHP for detailed Information.
IPO Open
Fri, Sep 1, 2006
IPO Close
Thu, Sep 7, 2006
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹233.70 Cr
| IPO Date | 1 to 7 Sep, 2006 |
| Listed on | Tue, Sep 26, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹110 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 46,00,000 shares (agg. up to ₹60 Cr) |
| Fresh Issue | 46,00,000 shares (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 33,77,000 shares |
| Share Holding Post Issue | 1,79,77,000 shares |
| BSE Script Code / NSE Symbol | 532762 / ACE |
| ISIN | INE731H01025 |
Action Construction Equipment IPO comprises a total issue size of 46,00,000 shares. The net offer to the public is 45,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 22,50,000 (50.00%) are allocated to QIB, 6,75,000 (15.00%) allocated to NII 15,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 22,50,000 | 50.00% | 48.91% | NA |
| NII (HNI) Shares Offered | 6,75,000 | 15.00% | 14.67% | NA |
| Retail Shares Offered | 15,75,000 | 35.00% | 34.24% | 78,750 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 2.17% | NA | |
| Total Shares Offered | 46,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹2,600 |
| Retail (Max) | 76 | 1,520 | ₹1,97,600 |
| S-HNI (Min) | 77 | 1,540 | ₹2,00,200 |
| S-HNI (Max) | 384 | 7,680 | ₹9,98,400 |
| B-HNI (Min) | 385 | 7,700 | ₹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 |
ACE, Action Construction Equipment Limited is the leading mobile crane manufacturing company in India.
ACE Product Range includes Hydraulic Mobile Pick-n-Move Cranes, Loaders Tower cranes, Aerial Work Platforms, Mast Climbing Platforms / Lifts, Lorry Loaders / Truck Mounted Cranes.
ACE has production facilities in Faridabad, which is 45 Kms. from Delhi.
| Period Ended | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 83.87 | 68.98 | 21.17 |
| Total Income | 56.51 | 200.00 | 106.23 |
| Profit After Tax | 3.95 | 12.93 | 4.38 |
| NET Worth | 43.10 | 39.14 | 9.22 |
| Reserves and Surplus | 31.50 | 27.54 | 8.99 |
| 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 set up a new manufacturing plant for Loaders, higher capacity Tower Cranes and Construction Equipment | 23.40 |
| 2 | Expand/Modernize the existing capacities/facilities | 8.84 |
| 3 | Acquisition / Investments | 7.00 |
| 4 | To set up a Joint Venture with Tigieffe SRL, ITALY | 6.60 |
| 5 | Additional Working capital requirement | 13.77 |
| 6 | Brand Building Exercise | 2.50 |
| 7 | To set up Corporate Office and R & D Centre | 13.67 |
| 8 | Contingencies | 2.29 |
| 9 | To meet the Issue Expenses | 5.23 |
| KPI | |
|---|---|
| RoNW | 33.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 92.18 | 17.32 |
| P/E (x) | 1.41 | 7.51 |
| Promoter Holding | 87.56% | 65.16% |
| Market Cap | ₹233.70 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to Book Running Lead Managers | 1.01 |
| 2 | Fees to Registrar to the Issue* | 0.11 |
| 3 | Fees to Legal Advisors to the Issue | 0.04 |
| 4 | Fees to Auditors | 0.01 |
| 5 | Underwriting Commission and Selling Commision* | 0.84 |
| 6 | Printing & Stationery | 1.47 |
| 7 | Advertising Expenses | 1.20 |
| 8 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.52 |
| 9 | Contingencies | 0.03 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹130.00 | ₹130.00 |
| Open | ₹200.00 | ₹180.00 |
| Low | ₹185.45 | ₹180.00 |
| High | ₹210.85 | ₹210.90 |
| Last Trade | ₹193.45 | ₹193.65 |
Lead Manager Reports
Action Construction Equipment IPO is a main-board IPO of 46,00,000 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 20.
The IPO opens on Fri, Sep 1, 2006, and closes on Thu, Sep 7, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Action Construction Equipment IPO using UPI as a payment gateway. Zerodha customers can apply in Action Construction Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Action Construction Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Action Construction Equipment IPO opens on Fri, Sep 1, 2006 and closes on Thu, Sep 7, 2006.
Action Construction Equipment IPO lot size is 20, and the minimum amount required for application is ₹2,600.
You can apply in Action Construction Equipment 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 Action Construction Equipment IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Action Construction Equipment IPO allotment status.
The Action Construction Equipment IPO listing date is on Tue, Sep 26, 2006.
