Bookbuilding IPO | ₹14 Cr | Listed at BSE | Tue, Apr 15, 2008 - Thu, Apr 17, 2008
Aishwarya Telecom IPO is a book build issue of ₹14.01 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹14.01 crore.
Aishwarya Telecom IPO bidding started from Apr 15, 2008 and ended on Apr 17, 2008. The shares got listed on BSE on May 7, 2008.
Aishwarya Telecom IPO price band is set at ₹35 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹7,000 (200 shares) (based on upper price). The lot size investment for sNII is 29 lots (5,800 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (28,600 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Srei Capital Markets Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Aishwarya Telecom IPO RHP for detailed Information.
IPO Open
Tue, Apr 15, 2008
IPO Close
Thu, Apr 17, 2008
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹37.31 Cr
| IPO Date | 15 to 17 Apr, 2008 |
| Listed on | Wed, May 7, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹32 to ₹35 |
| Issue Price | ₹35 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 40,02,571 shares (agg. up to ₹14 Cr) |
| Fresh Issue | 40,02,571 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 66,59,400 shares |
| Share Holding Post Issue | 1,06,59,400 shares |
| BSE Script Code | 532975 |
| ISIN | INE778I01024 |
Aishwarya Telecom IPO comprises a total issue size of 40,00,000 shares. The net offer to the public is 39,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 19,50,000 (50.00%) are allocated to QIB, 5,85,000 (15.00%) allocated to NII 13,65,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 19,50,000 | 50.00% | 48.75% | NA |
| NII (HNI) Shares Offered | 5,85,000 | 15.00% | 14.63% | NA |
| Retail Shares Offered | 13,65,000 | 35.00% | 34.13% | 6,825 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 2.50% | NA | |
| Total Shares Offered | 40,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹7,000 |
| Retail (Max) | 28 | 5,600 | ₹1,96,000 |
| S-HNI (Min) | 29 | 5,800 | ₹2,03,000 |
| S-HNI (Max) | 142 | 28,400 | ₹9,94,000 |
| B-HNI (Min) | 143 | 28,600 | ₹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 |
Incorporated in 1995, Aishwarya Telecom Limited is ISO 9001:2000 Certified Company manufacturing Fiber Optic Test Equipments and Cable Fault Locators. Currently, ATL manufactures products for Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators.
ATL has 9 R & D, 4 Customer Support, 20 Marketing, 45 Production and 10 Administration Personnel. ATL is planning to expand in to designing products for Defence Sector and Educational Sector.
ATL manufactures a wide range of Telecom Fiber Optic products and supplies to Bharat Sanchar Nigam Limited, Tata Tele Services, Bharati Telenet, HFCL public sectors defence sectors like ECIL in India. ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai 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 | Capital Expenditure for Research & Development of Main Frame Optical Time Domain Reflecto Meter (OTDR) | 0.80 |
| 2 | Capital Expenditure for Research & Development of Ethernet Traffic Analyzers | 0.64 |
| 3 | Cost of GSM/GPRS/CDMA Analyzers for providing Technical Audit Services to the Mobile Operators | 7.00 |
| 4 | Cost of land & construction of building for a new production unit at Hyderabad | 2.72 |
| 5 | Cost of land & construction of building for new corporate, marketing, administrative and R&D office at Hyderabad | 3.32 |
| 6 | Additional working capital requirements | 7.00 |
| 7 | Issue Expenses | 1.38 |
| KPI | |
|---|---|
| RoNW | 33% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 73.05% | 45.64% |
| Market Cap | ₹37.31 Cr. |
The Aishwarya Telecom IPO is subscribed 20 times on April 17, 2008 5:00:00 PM (Day 3). The public issue subscribed 33.99 times in the retail category, 8.44 times in the QIB category, and 29.14 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 | Issue Management Fees | 0.28 |
| 2 | Underwriting, Brokerage and Selling Commission | 0.42 |
| 3 | IPO Grading Expenses | 0.02 |
| 4 | Printing, Stationery, Distribution and postage etc | 0.30 |
| 5 | Advertising and marketing expenses | 0.29 |
| 6 | Registrar Fees | 0.03 |
| 7 | Other expenses (including Legal fees, Listing Fees, filing fees, depository charges etc.) | 0.04 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹50.10 |
| Low | ₹50.10 |
| High | ₹93.00 |
| Last Trade | ₹90.85 |
Lead Manager Reports
Aishwarya Telecom IPO is a main-board IPO of 40,02,571 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 200.
The IPO opens on Tue, Apr 15, 2008, and closes on Thu, Apr 17, 2008.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Aishwarya Telecom IPO using UPI as a payment gateway. Zerodha customers can apply in Aishwarya Telecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aishwarya Telecom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aishwarya Telecom IPO opens on Tue, Apr 15, 2008 and closes on Thu, Apr 17, 2008.
Aishwarya Telecom IPO lot size is 200, and the minimum amount required for application is ₹7,000.
You can apply in Aishwarya Telecom 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 Aishwarya Telecom IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aishwarya Telecom IPO allotment status.
The Aishwarya Telecom IPO listing date is on Wed, May 7, 2008.
