Bookbuilding IPO | ₹49 Cr | Listed at BSE, NSE | Wed, Jun 11, 2008 - Tue, Jun 17, 2008
Archidply Industries IPO is a book build issue of ₹48.96 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹48.96 crore.
Archidply Industries IPO bidding started from Jun 11, 2008 and ended on Jun 17, 2008. The shares got listed on BSE, NSE on Jul 4, 2008.
Archidply Industries IPO price band is set at ₹74 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹6,000 (75 shares) (based on upper price). The lot size investment for sNII is 37 lots (2,775 shares), amounting to ₹2,05,350, and for bNII, it is 181 lots (13,575 shares), amounting to ₹10,04,550.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Archidply Industries IPO RHP for detailed Information.
IPO Open
Wed, Jun 11, 2008
IPO Close
Tue, Jun 17, 2008
Issue Price
₹74 per share
Market Cap (Pre-IPO)
₹162.80 Cr
| IPO Date | 11 to 17 Jun, 2008 |
| Listed on | Fri, Jul 4, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹80 |
| Issue Price | ₹74 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 66,15,720 shares (agg. up to ₹49 Cr) |
| Fresh Issue | 66,15,720 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 1,53,84,280 shares |
| Share Holding Post Issue | 2,20,00,000 shares |
| BSE Script Code / NSE Symbol | 532994 / ARCHIDPLY |
| ISIN | INE877I01016 |
Archidply Industries IPO comprises a total issue size of 66,15,720 shares. Out of which, 33,07,860 (50.00%) are allocated to QIB, 9,92,358 (15.00%) allocated to NII 23,15,502 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 33,07,860 | 50.00% | NA |
| NII (HNI) Shares Offered | 9,92,358 | 15.00% | NA |
| Retail Shares Offered | 23,15,502 | 35.00% | 30,873 |
| Total Shares Offered | 66,15,720 | 100.00% |
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹5,550 |
| Retail (Max) | 36 | 2,700 | ₹1,99,800 |
| S-HNI (Min) | 37 | 2,775 | ₹2,05,350 |
| S-HNI (Max) | 180 | 13,500 | ₹9,99,000 |
| B-HNI (Min) | 181 | 13,575 | ₹10,04,550 |
Incorporated in 1995, Archidply Industries Limited engaged in the business of plywood manufacturing for more than 30 years under the brand ‘Archidply’. Archidply Industries Limited is the flagship company of the Archidply group.
The Group has grown from a small saw mill in Assam to a modern state-of-the-art manufacturer of wood panel products and decorative surfacing products in three locations, Rudrapur, Mysore and Assam, with a network of branches, distributors and dealers across India.
Archidply Industries have been awarded ISO 9001: 2000 for quality management systems in manufacturing and marketing of wood and agro based panel products. Company has set up a large distribution network and operates through 16 marketing offices and 61 distributors and stockists. As on September 30, 2007, they have a network of 586 authorized dealers who in turn supply to more than 2,000 sub dealers / retailers, giving a pan India presence for marketing of their products. This ensures the availability of their products off-the-shelf in any corner of India. Archidply Industries has the manpower strength of 531 of which 137 are deployed for marketing as on September 30, 2007.
Archidply Industries Limited offers comprehensive engineered interior products which include:
1. Plywoods - Marine Plywood, Fire Retardant Plywood, Shuttering Plywood, Densified Film Faced Plywood, BWR & MR Plywood, Lamyply and Lamyboard
2. Block Board and Flush Doors - BWR & MR grade
3. Particle Boards - plain, veneered and pre laminated particle board both in interior and exterior grade
4. Decorative Laminates – range from 0.8mm to 1.5mm and post form laminates
5. Decorative Veneers – Teak, natural exotic veneers, reconstituted veneers and dyed veneers.
| 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 new manufacturing capacity at Chintamani in Karnataka- - Land & Land Development | 2.25 |
| 2 | Factory Shed and Plant & Machinery for - Plain Particle Board | 21.15 |
| 3 | Factory Shed and Plant & Machinery for - Pre Laminated Particle Board | 6.78 |
| 4 | Factory Shed and Plant & Machinery for - Decorative Plywood | 5.98 |
| 5 | Common Building | 1.50 |
| 6 | Setting up of a new Manufacturing facility of medium density fibreboard at Rudrapur in Uttarakhan | 26.18 |
| 7 | Pre Operative Expenses and Provision for Contingencies | 7.65 |
| 8 | Margin Money for Working Capital Requirement | 7.50 |
| 9 | Issue Expenses | 4.58 |
| Total | 83.58 |
| KPI | |
|---|---|
| RoNW | 21.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.68% | 68.31% |
| Market Cap | ₹162.80 Cr. |
The Archidply IPO is subscribed 1.52 times on June 17, 2008 5:00:00 PM (Day 5). The public issue subscribed 3.04 times in the retail category, 0.2 times in the QIB category, and 2.36 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 Fees, Underwriting and Selling Commission | 2.06 |
| 2 | Advertisement and Marketing expenses | 1.05 |
| 3 | Printing and Stationery | 0.90 |
| 4 | Legal Fees | 0.17 |
| 5 | Others (Registrars fee, listing fee, etc) | 0.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹74.00 | ₹74.00 |
| Open | ₹74.55 | ₹72.90 |
| Low | ₹48.80 | ₹48.80 |
| High | ₹74.55 | ₹72.90 |
| Last Trade | ₹50.45 | ₹50.55 |
Lead Manager Reports
Archidply Industries IPO is a main-board IPO of 66,15,720 equity shares of the face value of ₹10 aggregating up to ₹49 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 75.
The IPO opens on Wed, Jun 11, 2008, and closes on Tue, Jun 17, 2008.
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 Archidply Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Archidply Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Archidply Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Archidply Industries IPO opens on Wed, Jun 11, 2008 and closes on Tue, Jun 17, 2008.
Archidply Industries IPO lot size is 75, and the minimum amount required for application is ₹5,550.
You can apply in Archidply Industries 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 Archidply Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Archidply Industries IPO allotment status.
The Archidply Industries IPO listing date is on Fri, Jul 4, 2008.
