Bookbuilding IPO | ₹68 Cr | Listed at BSE, NSE | Thu, Jul 26, 2007 - Tue, Jul 31, 2007
Asian Granito IPO is a book build issue of ₹67.90 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹67.90 crore.
Asian Granito IPO bidding started from Jul 26, 2007 and ended on Jul 31, 2007. The shares got listed on BSE, NSE on Aug 23, 2007.
Asian Granito IPO price band is set at ₹97 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,120 (60 shares) (based on upper price). The lot size investment for sNII is 35 lots (2,100 shares), amounting to ₹2,03,700, and for bNII, it is 172 lots (10,320 shares), amounting to ₹10,01,040.
The issue includes a reservation of up to 3,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Asian Granito IPO RHP for detailed Information.
IPO Open
Thu, Jul 26, 2007
IPO Close
Tue, Jul 31, 2007
Issue Price
₹97 per share
Market Cap (Pre-IPO)
₹204.29 Cr
| IPO Date | 26 to 31 Jul, 2007 |
| Listed on | Thu, Aug 23, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹102 |
| Issue Price | ₹97 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 70,00,000 shares (agg. up to ₹68 Cr) |
| Fresh Issue | 70,00,000 shares (agg. up to ₹68 Cr) |
| Share Holding Pre Issue | 1,40,61,291 shares |
| Share Holding Post Issue | 2,10,61,291 shares |
| BSE Script Code / NSE Symbol | 532888 / ASIANTILES |
| ISIN | INE022I01019 |
Asian Granito IPO comprises a total issue size of 70,00,000 shares. The net offer to the public is 66,50,000 shares, after excluding 3,50,000 shares under a preferential allotment. Of the Net offer 33,25,000 (50.00%) are allocated to QIB, 9,97,500 (15.00%) allocated to NII 23,27,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 33,25,000 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 9,97,500 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 23,27,500 | 35.00% | 33.25% | 38,791 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,50,000 | 5.00% | NA | |
| Total Shares Offered | 70,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,820 |
| Retail (Max) | 34 | 2,040 | ₹1,97,880 |
| S-HNI (Min) | 35 | 2,100 | ₹2,03,700 |
| S-HNI (Max) | 171 | 10,260 | ₹9,95,220 |
| B-HNI (Min) | 172 | 10,320 | ₹10,01,040 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2003, Asian Granito India Limited (AGIL) is in the business of manufacturing vitrified tiles. Asian Granito's products include glazed, unglazed, rustic, matte, homogenous and non-homogenous body, water jet cutting, tailor made designs or customized tiles. Asian Granito's manufacturing plants is located in Himmatnagar, Gujarat.
Asian Granito is one of the largest ISO 9001 Certified vitrified tiles manufacturers in India. AGIL has two state-of-the-art manufacturing plants, technically collaborated with SACMI, ITALY, the world class leader in ceramic technology. AGIL has extensive network of business associates, 250 distributors, more then 3500 retail counters and 19 depots in all over India. The company has won 20 best display awards till date.
AGIL's subsidiary, Asian Tiles Ltd, manufacturer of ceramic floor tiles, has a manufacturing plant at Jawanpura, Gujarat. It has manufacturing capacity of 7000 square meters per day.
| 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 a wall tile unit | 48.69 |
| 2 | Modernisation and expansion of existing vitrified tile manufacturing unit | 12.68 |
| 3 | General Corporate Purposes; | 1.22 |
| 4 | Issue Expenditure | 5.32 |
| KPI | |
|---|---|
| RoNW | 33.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 52.42% | 35% |
| Market Cap | ₹204.29 Cr. |
The Asian Granito IPO is subscribed 4.51 times on July 31, 2007 5:00:00 PM (Day 4). The public issue subscribed 4.66 times in the retail category, 3.1 times in the QIB category, and 10.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹97.00 | ₹97.00 |
| Open | ₹100.15 | ₹99.90 |
| Low | ₹82.10 | ₹82.25 |
| High | ₹103.35 | ₹107.65 |
| Last Trade | ₹94.75 | ₹94.20 |
Lead Manager Reports
Asian Granito IPO is a main-board IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹68 Crores. The issue is priced at ₹97 per share. The minimum order quantity is 60.
The IPO opens on Thu, Jul 26, 2007, and closes on Tue, Jul 31, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Asian Granito IPO using UPI as a payment gateway. Zerodha customers can apply in Asian Granito IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Asian Granito IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Asian Granito IPO opens on Thu, Jul 26, 2007 and closes on Tue, Jul 31, 2007.
Asian Granito IPO lot size is 60, and the minimum amount required for application is ₹5,820.
You can apply in Asian Granito 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 Asian Granito IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Asian Granito IPO allotment status.
The Asian Granito IPO listing date is on Thu, Aug 23, 2007.
