Bookbuilding IPO | ₹103 Cr | Listed at BSE, NSE | Mon, Feb 8, 2010 - Thu, Feb 11, 2010
ARSS Infrastructure IPO is a book build issue of ₹103.02 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹103.02 crore.
ARSS Infrastructure IPO bidding started from Feb 8, 2010 and ended on Feb 11, 2010. The shares got listed on BSE, NSE on Mar 3, 2010.
ARSS Infrastructure IPO price band is set at ₹450 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,750 (15 shares) (based on upper price). The lot size investment for sNII is 30 lots (450 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (2,235 shares), amounting to ₹10,05,750.
IDBI Capital Markets Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to ARSS Infrastructure IPO RHP for detailed Information.
IPO Open
Mon, Feb 8, 2010
IPO Close
Thu, Feb 11, 2010
Issue Price
₹450 per share
Market Cap (Pre-IPO)
₹667.93 Cr
| IPO Date | 8 to 11 Feb, 2010 |
| Listed on | Wed, Mar 3, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹410 to ₹450 |
| Issue Price | ₹450 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 22,89,230 shares (agg. up to ₹103 Cr) |
| Fresh Issue | 22,89,230 shares (agg. up to ₹103 Cr) |
| Share Holding Pre Issue | 1,25,54,000 shares |
| Share Holding Post Issue | 1,48,42,888 shares |
| BSE Script Code / NSE Symbol | 533163 / ARSSINFRA |
| ISIN | INE267I01010 |
ARSS Infrastructure IPO comprises a total issue size of 22,88,888 shares. Out of which, 13,73,333 (60.00%) are allocated to QIB, 2,28,888 (10.00%) allocated to NII 6,86,667 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 13,73,333 | 60.00% | NA |
| NII (HNI) Shares Offered | 2,28,888 | 10.00% | NA |
| Retail Shares Offered | 6,86,667 | 30.00% | 45,777 |
| Total Shares Offered | 22,88,888 | 100.00% |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,750 |
| Retail (Max) | 29 | 435 | ₹1,95,750 |
| S-HNI (Min) | 30 | 450 | ₹2,02,500 |
| S-HNI (Max) | 148 | 2,220 | ₹9,99,000 |
| B-HNI (Min) | 149 | 2,235 | ₹10,05,750 |
Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS have completed around 200 km rail line and about 300 km of roads and highways.
ARSS Infrastructure has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.
Some of the important projects being currently executed by ARSS on standalone / joint venture basis are as follows:
1. Construction, rehabilitation and widening of Cuttack - Paradeep road, Orissa, for a contract value of Rs. 20,826.77 lacs.
2. Construction of Roadbed including Major and Nior Bridges, Facilities and General Electrification in connection with construction of New BG line between Haridaspur and Paradeep in East Coast Railway in the State of Orissa, for a contract value of Rs. 10,096.66 lacs.
3. JSPL, Angul Project-Work Order for execution of Rail Infrastructure Work of Rs.26,100.00 lacs
4. Construction of new broad gauge line, bridges, earthwork cuttings, road over bridges, road under bridges and sub ways between Salem-Karur, Chennai. The contract value for the project is Rs. 5,139.05 lacs.
5. Construction of Kaushilia Dam and appurtenant works in panchkula district of Rs. 11299.19 lacs.
| 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 | Investment in joint ventures. | 5.00 |
| 2 | Funding long term working capital requirements | 86.00 |
| 3 | General corporate purpose | 3.72 |
| 4 | Public issue expenses | 8.28 |
| KPI | |
|---|---|
| RoNW | 34.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 65.31% | 55.24% |
| Market Cap | ₹667.93 Cr. |
The ARSS Infra IPO is subscribed 47.62 times on February 11, 2010 5:00:00 PM (Day 4). The public issue subscribed 18.55 times in the retail category, 49.34 times in the QIB category, and 124.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 49.34 | 15,07,317 | |
| NII | 124.53 | 2,51,219 | |
| Retail | 18.55 | 7,53,659 | |
| Total | 47.62 | 25,12,195 |
CARE has assigned an IPO Grade 2 to ARSS Infrastructure Projects Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for ARSS Infrastructure Projects Ltd
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management & Underwriting | 2.58 |
| 2 | Marketing and selling commissions | 2.29 |
| 3 | Legal Fees | 0.44 |
| 4 | IPO grading expenses | 0.14 |
| 5 | Advertisement and marketing expenses | 1.45 |
| 6 | Printing and stationery, distribution, postage, etc. | 1.15 |
| 7 | Others (Registrar fees, etc.) | 0.24 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹450.00 | ₹450.00 |
| Open | ₹640.00 | ₹630.00 |
| Low | ₹640.00 | ₹630.00 |
| High | ₹754.70 | ₹751.80 |
| Last Trade | ₹736.30 | ₹737.45 |
Lead Manager Reports
ARSS Infrastructure IPO is a main-board IPO of 22,89,230 equity shares of the face value of ₹10 aggregating up to ₹103 Crores. The issue is priced at ₹450 per share. The minimum order quantity is 15.
The IPO opens on Mon, Feb 8, 2010, and closes on Thu, Feb 11, 2010.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ARSS Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in ARSS Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ARSS Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ARSS Infrastructure IPO opens on Mon, Feb 8, 2010 and closes on Thu, Feb 11, 2010.
ARSS Infrastructure IPO lot size is 15, and the minimum amount required for application is ₹6,750.
You can apply in ARSS Infrastructure 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 ARSS Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the ARSS Infrastructure IPO allotment status.
The ARSS Infrastructure IPO listing date is on Wed, Mar 3, 2010.
