Bookbuilding IPO | ₹26 Cr | Listed at BSE, NSE | Tue, Oct 7, 2008 - Wed, Oct 15, 2008
Alkali Metals IPO is a book build issue of ₹26.27 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹26.27 crore.
Alkali Metals IPO bidding started from Oct 7, 2008 and ended on Oct 15, 2008. The shares got listed on BSE, NSE on Nov 6, 2008.
Alkali Metals IPO price band is set at ₹103 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹6,695 (65 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,950 shares), amounting to ₹2,00,850, and for bNII, it is 150 lots (9,750 shares), amounting to ₹10,04,250.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Alkali Metals IPO RHP for detailed Information.
IPO Open
Tue, Oct 7, 2008
IPO Close
Wed, Oct 15, 2008
Issue Price
₹103 per share
Market Cap (Pre-IPO)
₹104.88 Cr
| IPO Date | 7 to 15 Oct, 2008 |
| Listed on | Thu, Nov 6, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹86 to ₹103 |
| Issue Price | ₹103 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 25,50,000 shares (agg. up to ₹26 Cr) |
| Fresh Issue | 25,50,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 76,32,506 shares |
| Share Holding Post Issue | 1,01,82,506 shares |
| BSE Script Code / NSE Symbol | 533029 / ALKALI |
| ISIN | INE773I01017 |
Alkali Metals IPO comprises a total issue size of 25,50,000 shares. Out of which, 12,75,000 (50.00%) are allocated to QIB, 3,82,500 (15.00%) allocated to NII 8,92,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 12,75,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 3,82,500 | 15.00% | NA |
| Retail Shares Offered | 8,92,500 | 35.00% | 13,730 |
| Total Shares Offered | 25,50,000 | 100.00% |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹6,695 |
| Retail (Max) | 29 | 1,885 | ₹1,94,155 |
| S-HNI (Min) | 30 | 1,950 | ₹2,00,850 |
| S-HNI (Max) | 149 | 9,685 | ₹9,97,555 |
| B-HNI (Min) | 150 | 9,750 | ₹10,04,250 |
Incorporated in 1968, Alkali Metals Limited is a Hyderabad based manufacturer of sodium derivatives, pyridine derivatives and verity of fine chemicals. Products in these categories include amides, hydrides, alkoxides, azides, tetrazoles, pyridine compounds, cyclic compounds, drug and pharma intermediates, specialty fine chemicals etc. Apart from the above, Alkali has developed 246 products in the aforesaid categories.
Company has two manufacturing facilities. Both of these facilities are ISO 9001: 2000 and ISO 14001:2004 certified with combined installed capacity of 4,400 MTPA.
Being more then 35 years old, company has list of long term clients specially in the field of Petrochemicals, Chlor- Alkali & Inorganic chemicals, Organic chemicals, Paints and dyes, Fine and specialties and Agrochemicals. Company’s top three customer’s account for 18.16% of its turnover for the FY 2008 and top 10 customers account for 42.81% of its turnover.
| 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 | Setting up of an API plant at Visakhapatnam | 38.74 |
| 2 | Public Issue Expenses |
| KPI | |
|---|---|
| RoNW | 23.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 74.95% |
| Market Cap | ₹104.88 Cr. |
The Alkali Metals IPO is subscribed 1.04 times on October 15, 2008 5:00:00 PM (Day 6). The public issue subscribed 0.63 times in the retail category, 0.72 times in the QIB category, and 3.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
ICRA has assigned an IPO Grade 2 to AML IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
NSE Notice (Posted on Friday, Oct 10 2008)
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of ALKALI METALS LIMITED will close on Oct 15, 2008 instead of the earlier closing day on Oct 10, 2008. Further price band has revised from Rs 90 /- to Rs 105 /- per share to Rs 86 /- to Rs 103 /- per share.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹103.00 | ₹103.00 |
| Open | ₹90.00 | ₹99.00 |
| Low | ₹90.50 | ₹99.00 |
| High | ₹179.30 | ₹179.00 |
| Last Trade | ₹173.15 | ₹173.40 |
Lead Manager Reports
Alkali Metals IPO is a main-board IPO of 25,50,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 65.
The IPO opens on Tue, Oct 7, 2008, and closes on Wed, Oct 15, 2008.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Alkali Metals IPO using UPI as a payment gateway. Zerodha customers can apply in Alkali Metals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Alkali Metals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Alkali Metals IPO opens on Tue, Oct 7, 2008 and closes on Wed, Oct 15, 2008.
Alkali Metals IPO lot size is 65, and the minimum amount required for application is ₹6,695.
You can apply in Alkali Metals 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 Alkali Metals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Alkali Metals IPO allotment status.
The Alkali Metals IPO listing date is on Thu, Nov 6, 2008.
