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Amrapali Fincap IPO is a fixed price issue of ₹42.48 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹42.48 crore.
Amrapali Fincap IPO bidding started from Jul 20, 2015 and ended on Jul 22, 2015. The shares got listed on BSE SME on Aug 5, 2015.
Amrapali Fincap IPO price is ₹120.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,88,000.
Corporate Strategic Allianz Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Khajanchi & Gandhi Stock Broking Pvt.Ltd..
Refer to Amrapali Fincap IPO RHP for detailed Information.
| IPO Date | July 20, 2015 to July 22, 2015 |
| Listing Date | August 5, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹120 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,40,000 shares (aggregating up to ₹42.48 Cr) |
| Reserved for Market Maker | 1,77,600 shares Khajanchi & Gandhi Stock Broking Pvt.Ltd. (aggregating up to ₹2.13 Cr) |
| Net Offered to Public | 33,62,400 shares (aggregating up to ₹40.35 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 99,00,000 shares |
| Share Holding Post Issue | 1,34,40,000 shares |
Amrapali Fincap IPO offers total 35,40,000 shares. Out of which 16,81,200 (47.49%) allocated to NII, 16,81,200 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,77,600 (5.02%) |
| NII (HNI) Shares Offered | 16,81,200 (47.49%) |
| Retail Shares Offered | 16,81,200 (47.49%) |
| Total Shares Offered | 35,40,000 (100.00%) |
Amrapali Fincap IPO opens on July 20, 2015, and closes on July 22, 2015.
| IPO Open Date | Mon, Jul 20, 2015 |
| IPO Close Date | Wed, Jul 22, 2015 |
| Tentative Listing Date | Wed, Aug 5, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 22, 2015 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,44,000 |
| Retail (Max) | 1 | 1,200 | ₹1,44,000 |
| HNI (Min) | 2 | 2,400 | ₹2,88,000 |
Incorporated in 2010, Amrapali Fincap Ltd (AFL) is engaged in the business of providing loan and advances and in to the business of trading in commodity and Shares. Mainly they are trading in shares of listed entities, silver, gold and agriculture products.
AFL provides unsecured short term loans to their customers. Majority of the loan and advances are provided to parties which are related to the promoter or associate concern of promoters. They provide these loans to select customers and conduct credit checks for these loans as they are unsecured. They are also in the business of trading in commodity and Shares. The majority turnover is from trading in shares.
They also provides operational and marketing services at Naginwadi, Kankaria Ahmedabad with promoter company for the operational and other services for supply, construction, installation and commissioning of an ultra fast action, musical dancing fountain, laser projection system and four number of floating fountains, water screen at kankaria, Maninagar, Ahmadabad.
The Company Amrapali Fincap IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase and set up of the office space in Ahmedabad | 14.96 |
| 2 | Investment in NBFC company | 23.00 |
| 3 | General corporate purpose | 4.12 |
| 4 | Meet the issue expenses | 0.40 |
[Dilip Davda] <p><strong>Amrapali Fincap Risky bet, no harm giving it a miss</strong></p> <p><em>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</em></p> Read detail review...
| Listing Date | August 5, 2015 |
| BSE Script Code | 539265 |
| NSE Symbol | |
| ISIN | INE990S01016 |
| Final Issue Price | ₹120 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹120.00 |
| Open | ₹122.30 |
| Low | ₹120.10 |
| High | ₹122.30 |
| Last Trade | ₹121.00 |
Amrapali Fincap Ltd.
19/20/21, Narayan Chambers,
3rd Floor, B/h. Patang Hotel,
Ashram Road,
Ahmedabad, Gujarat, 380009
Phone: +91-79- 26575105-06,26581
Email: afpl@amrapali.com
Website: http://www.amrapali.co.in
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Amrapali Fincap IPO is a SME IPO of 35,40,000 equity shares of the face value of ₹10 aggregating up to ₹42.48 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200.
The IPO opens on July 20, 2015, and closes on July 22, 2015.
Satellite Corporate Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Amrapali Fincap IPO using UPI as a payment gateway. Zerodha customers can apply in Amrapali Fincap IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Amrapali Fincap IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Amrapali Fincap IPO opens on July 20, 2015 and closes on July 22, 2015.
Amrapali Fincap IPO lot size is 1200, and the minimum amount required for application is ₹1,44,000.
You can apply in Amrapali Fincap 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 Amrapali Fincap IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Amrapali Fincap IPO allotment status.
The Amrapali Fincap IPO listing date is on Wednesday, August 5, 2015.
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