Bookbuilding IPO | ₹72 Cr | Listed at BSE, NSE | Mon, Jan 28, 2008 - Thu, Jan 31, 2008
Bang Overseas IPO is a book build issue of ₹72.45 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹72.45 crore.
Bang Overseas IPO bidding started from Jan 28, 2008 and ended on Jan 31, 2008. The shares got listed on BSE, NSE on Feb 20, 2008.
Bang Overseas IPO price band is set at ₹207 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹6,210 (30 shares) (based on upper price). The lot size investment for sNII is 33 lots (990 shares), amounting to ₹2,04,930, and for bNII, it is 162 lots (4,860 shares), amounting to ₹10,06,020.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Almondz Global Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bang Overseas IPO RHP for detailed Information.
IPO Open
Mon, Jan 28, 2008
IPO Close
Thu, Jan 31, 2008
Issue Price
₹207 per share
Market Cap (Pre-IPO)
₹280.69 Cr
| IPO Date | 28 to 31 Jan, 2008 |
| Listed on | Wed, Feb 20, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹200 to ₹207 |
| Issue Price | ₹207 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 35,00,000 shares (agg. up to ₹72 Cr) |
| Fresh Issue | 35,00,000 shares (agg. up to ₹72 Cr) |
| Share Holding Pre Issue | 1,00,60,000 shares |
| Share Holding Post Issue | 1,35,60,000 shares |
| BSE Script Code / NSE Symbol | 532946 / BANG |
| ISIN | INE863I01016 |
Bang Overseas IPO comprises a total issue size of 35,00,000 shares. The net offer to the public is 34,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 17,00,000 (50.00%) are allocated to QIB, 5,10,000 (15.00%) allocated to NII 11,90,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 17,00,000 | 50.00% | 48.57% | NA |
| NII (HNI) Shares Offered | 5,10,000 | 15.00% | 14.57% | NA |
| Retail Shares Offered | 11,90,000 | 35.00% | 34.00% | 39,666 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 2.86% | NA | |
| Total Shares Offered | 35,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,210 |
| Retail (Max) | 32 | 960 | ₹1,98,720 |
| S-HNI (Min) | 33 | 990 | ₹2,04,930 |
| S-HNI (Max) | 161 | 4,830 | ₹9,99,810 |
| B-HNI (Min) | 162 | 4,860 | ₹10,06,020 |
| 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 1992, Bang Overseas Limited presently providing fashion fabrics and meeting ready to wear requirements of our customers in apparel, textile and retail segment.
They are conceptualising and designing fashion fabrics and outsourcing the manufacturing process of the same from countries like Turkey, Portugal, Mauritius and other European Countries. They have centralised warehousing and logistic centre at Kalher Village near Bhiwandi to facilitate their supply chain management.
Bang Overseas Ltd have ten retail outlets located at Mumbai, Rajkot, Surat, Gurgaon, Pune, Bangalore (3 stores), Kolkata, and Ahmedabad which are established under the brand name “Thomas Scott” retail outlet. Their products are presently retailed through 155 point of sales comprises of their own retail outlets, Large format stores (LFS) like Shoppers’ Stop, Pyramid, Globus, SAGA and Multi Brand Outlets (MBO) spread all over India.
| 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 Retail outlets across India and brand building | 10.63 |
| 2 | Setting up of a new apparel manufacturing unit | 36.71 |
| 3 | Warehousing and logistic facilities | 10.23 |
| 4 | General Corporate purposes | 10.17 |
| 5 | Issue Expenses | 4.72 |
| KPI | |
|---|---|
| RoNW | 57.96% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91.74% | 68.06% |
| Market Cap | ₹280.69 Cr. |
The Bang Overseas IPO is subscribed 1.24 times on January 31, 2008 5:00:00 PM (Day 4). The public issue subscribed 1.17 times in the retail category, 1.14 times in the QIB category, and 1.81 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, Brokerage & Selling Commission | 1.81 |
| 2 | Fees payable to Registrars to the Issue | 0.20 |
| 3 | Fee for Legal Advisors to the Issue | 0.05 |
| 4 | Fee payable to Grading Agency for grading the Issue | 0.06 |
| 5 | Printing and Distribution of Issue Stationery | 0.80 |
| 6 | Advertising and Marketing expenses | 1.50 |
| 7 | Other expenses (stamp duty, initial listing fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 0.30 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹207.00 | ₹207.00 |
| Open | ₹207.00 | ₹250.00 |
| Low | ₹166.50 | ₹168.55 |
| High | ₹260.00 | ₹269.90 |
| Last Trade | ₹171.80 | ₹174.10 |
Lead Manager Reports
Bang Overseas IPO is a main-board IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹72 Crores. The issue is priced at ₹207 per share. The minimum order quantity is 30.
The IPO opens on Mon, Jan 28, 2008, and closes on Thu, Jan 31, 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 Bang Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Bang Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bang Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bang Overseas IPO opens on Mon, Jan 28, 2008 and closes on Thu, Jan 31, 2008.
Bang Overseas IPO lot size is 30, and the minimum amount required for application is ₹6,210.
You can apply in Bang Overseas 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 Bang Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bang Overseas IPO allotment status.
The Bang Overseas IPO listing date is on Wed, Feb 20, 2008.
