Bookbuilding IPO | ₹59 Cr | Listed at BSE, NSE | Fri, Dec 14, 2007 - Wed, Dec 19, 2007
Aries Agro IPO is a book build issue of ₹58.51 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹58.51 crore.
Aries Agro IPO bidding started from Dec 14, 2007 and ended on Dec 19, 2007. The shares got listed on BSE, NSE on Jan 11, 2008.
Aries Agro IPO price band is set at ₹130 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,500 (50 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,550 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (7,700 shares), amounting to ₹10,01,000.
Srei Capital Markets Ltd. is the book running lead manager and Aarthi Consultants Pvt.Ltd. is the registrar of the issue.
Refer to Aries Agro IPO RHP for detailed Information.
IPO Open
Fri, Dec 14, 2007
IPO Close
Wed, Dec 19, 2007
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹169.05 Cr
| IPO Date | 14 to 19 Dec, 2007 |
| Listed on | Fri, Jan 11, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 45,00,849 shares (agg. up to ₹59 Cr) |
| Fresh Issue | 45,00,849 shares (agg. up to ₹59 Cr) |
| Share Holding Pre Issue | 85,03,490 shares |
| Share Holding Post Issue | 1,30,03,490 shares |
| BSE Script Code / NSE Symbol | 532935 / ARIES |
| ISIN | INE298I01015 |
Aries Agro IPO comprises a total issue size of 45,00,000 shares. Out of which, 22,50,000 (50.00%) are allocated to QIB, 6,75,000 (15.00%) allocated to NII 15,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 22,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 6,75,000 | 15.00% | NA |
| Retail Shares Offered | 15,75,000 | 35.00% | 31,500 |
| Total Shares Offered | 45,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,500 |
| Retail (Max) | 30 | 1,500 | ₹1,95,000 |
| S-HNI (Min) | 31 | 1,550 | ₹2,01,500 |
| S-HNI (Max) | 153 | 7,650 | ₹9,94,500 |
| B-HNI (Min) | 154 | 7,700 | ₹10,01,000 |
Incorporated in 1969, Aries Agro Limited is in the business of manufacturing of micronutrients and other nutritional products for plants and animals.
Aries Agro Limited have wide range of products spread across 5 main categories namely, Multi-micro nutrient fertilizers, Chelated micro nutrient fertilizers, Specialty soluble fertilizers, Anti-bacterial products for agricultural use and Nutritional products for animals. These categories can be grouped under 3 segments namely, plant nutrients, insecticides and veterinary products.
Aries Agro Limited manufacturing facilities are located at Bangalore, Mumbai, Hyderabad and Kolkata. They have distribution network with 25 branches spread across all over India. Aries Agro Limited have been awarded with Quality Management System Standard ISO 9001:2000 from Kvalitet Veritas Quality Assurance.
| 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 units at Ahmedabad, Lucknow, Medak (Andhra Pradesh) and an additional unit in Maharashtra | 8.09 |
| 2 | To purchase Plant & Machinery for its existing Factory in Mumbai | 1.70 |
| 3 | For Capital expenditure on Mobile Marketing | 5.79 |
| 4 | Renovation of existing Office Building & addition to existing Office Building at Deonar, Mumbai | 6.84 |
| 5 | Investment in Golden Harvest Middle East (FZC), UAE | 7.37 |
| 6 | To meet the working capital requirements of the Company | 17.76 |
| 7 | To meet General Corporate Expenses | 5.47 |
| 8 | To meet the issue expenses | 5.48 |
| KPI | |
|---|---|
| RoNW | 35.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.97% | 50.33% |
| Market Cap | ₹169.05 Cr. |
The Aries Agro IPO is subscribed 7.62 times on December 19, 2007 5:00:00 PM (Day 4). The public issue subscribed 6.46 times in the retail category, 8.16 times in the QIB category, and 8.51 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 | 0.88 |
| 2 | Underwriting, Brokerage and Selling commission | 1.46 |
| 3 | Advertisement & Marketing expenses | 1.00 |
| 4 | Printing and Stationery, Distribution, postage etc | 1.15 |
| 5 | Other Expenses (including Registrar fees, legal fees, , listing fees etc) | 1.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹130.00 | ₹130.00 |
| Open | ₹150.00 | ₹160.00 |
| Low | ₹150.00 | ₹145.10 |
| High | ₹261.00 | ₹261.00 |
| Last Trade | ₹251.60 | ₹251.40 |
Lead Manager Reports
Aries Agro IPO is a main-board IPO of 45,00,849 equity shares of the face value of ₹10 aggregating up to ₹59 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 50.
The IPO opens on Fri, Dec 14, 2007, and closes on Wed, Dec 19, 2007.
Aarthi Consultants Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aries Agro IPO using UPI as a payment gateway. Zerodha customers can apply in Aries Agro IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aries Agro IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aries Agro IPO opens on Fri, Dec 14, 2007 and closes on Wed, Dec 19, 2007.
Aries Agro IPO lot size is 50, and the minimum amount required for application is ₹6,500.
You can apply in Aries Agro 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 Aries Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aries Agro IPO allotment status.
The Aries Agro IPO listing date is on Fri, Jan 11, 2008.
