Bookbuilding IPO | ₹216 Cr | Listed at BSE, NSE | Mon, Mar 26, 2007 - Fri, Mar 30, 2007
Advanta India IPO is a book build issue of ₹216.32 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹216.32 crore.
Advanta India IPO bidding started from Mar 26, 2007 and ended on Mar 30, 2007. The shares got listed on BSE, NSE on Apr 19, 2007.
Advanta India IPO price band is set at ₹640 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹6,500 (10 shares) (based on upper price). The lot size investment for sNII is 32 lots (320 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (1,570 shares), amounting to ₹10,04,800.
Dam Capital Advisors Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue.
Refer to Advanta India IPO RHP for detailed Information.
IPO Open
Mon, Mar 26, 2007
IPO Close
Fri, Mar 30, 2007
Issue Price
₹640 per share
Market Cap (Pre-IPO)
₹1,077.41 Cr
| IPO Date | 26 to 30 Mar, 2007 |
| Listed on | Thu, Apr 19, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹600 to ₹650 |
| Issue Price | ₹640 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 33,80,000 shares (agg. up to ₹216 Cr) |
| Fresh Issue | 33,80,000 shares (agg. up to ₹216 Cr) |
| Share Holding Pre Issue | 1,34,54,500 shares |
| Share Holding Post Issue | 1,68,34,500 shares |
| BSE Script Code / NSE Symbol | 532840 / ADVANTA |
| ISIN | INE517H01028 |
Advanta India IPO comprises a total issue size of 33,80,000 shares. Out of which, 20,28,000 (60.00%) are allocated to QIB, 3,38,000 (10.00%) allocated to NII 10,14,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 20,28,000 | 60.00% | NA |
| NII (HNI) Shares Offered | 3,38,000 | 10.00% | NA |
| Retail Shares Offered | 10,14,000 | 30.00% | 1,01,400 |
| Total Shares Offered | 33,80,000 | 100.00% |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹6,400 |
| Retail (Max) | 31 | 310 | ₹1,98,400 |
| S-HNI (Min) | 32 | 320 | ₹2,04,800 |
| S-HNI (Max) | 156 | 1,560 | ₹9,98,400 |
| B-HNI (Min) | 157 | 1,570 | ₹10,04,800 |
Advanta India Limited is the leading international agronomic seed company based in Bangalore India. Advanta also operates in Australia, Thailand and Argentina.
Advanta is among global leaders in technical plant breeding and in the application of biotechnology to develop new hybrids and varieties of field crops and broad acre vegetable seed products, including sorghum, canola, sunflower, corn, hybrid rice and hybrid mustard.
Advanta's research and development efforts are in the areas of superior breeding programs and bioscience techniques that have driven the development of a portfolio of elite, proprietary and highly differentiated germplasm.
Advanta India Limited is a wholly-owned subsidiary of United Phosphorus Ltd. (“UPL”), an Indian company in the agrochemical 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 our Subsidiary, Advanta Holdings B.V. | 250.00 |
| 2 | General corporate purpose | 53.73 |
| Total | 303.73 |
| KPI | |
|---|---|
| RoNW | 17.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 82.52% | 65.96% |
| Market Cap | ₹1,077.41 Cr. |
The Advanta IPO is subscribed 3.98 times on March 30, 2007 5:00:00 PM (Day 4). The public issue subscribed 0.26 times in the retail category, 6.47 times in the QIB category, and 0.2 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 and underwriting commissions | 9.71 |
| 2 | Advertising and marketing expenses | 0.76 |
| 3 | Printing and stationery | 1.69 |
| 4 | Registrar’s fee | 0.05 |
| 5 | Legal Fees | 1.43 |
| 6 | Auditors Fess | 2.96 |
| 7 | Miscellaneous | 0.81 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹640.00 | ₹640.00 |
| Open | ₹640.00 | ₹665.00 |
| Low | ₹591.00 | ₹585.35 |
| High | ₹992.90 | ₹1,000.00 |
| Last Trade | ₹850.05 | ₹845.50 |
Lead Manager Reports
Advanta India IPO is a main-board IPO of 33,80,000 equity shares of the face value of ₹10 aggregating up to ₹216 Crores. The issue is priced at ₹640 per share. The minimum order quantity is 10.
The IPO opens on Mon, Mar 26, 2007, and closes on Fri, Mar 30, 2007.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Advanta India IPO using UPI as a payment gateway. Zerodha customers can apply in Advanta India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Advanta India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Advanta India IPO opens on Mon, Mar 26, 2007 and closes on Fri, Mar 30, 2007.
Advanta India IPO lot size is 10, and the minimum amount required for application is ₹6,400.
You can apply in Advanta India 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 Advanta India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Advanta India IPO allotment status.
The Advanta India IPO listing date is on Thu, Apr 19, 2007.
