Bookbuilding IPO | ₹95 Cr | Listed at BSE, NSE | Wed, Oct 19, 2005 - Tue, Oct 25, 2005
Bannari Amman Spinning Mills IPO is a book build issue of ₹94.50 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹94.50 crore.
Bannari Amman Spinning Mills IPO bidding started from Oct 19, 2005 and ended on Oct 25, 2005.
Bannari Amman Spinning Mills IPO is set final issue price at ₹135 per share.
HSBC InvestDirect Securities (India) Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Bannari Amman Spinning Mills IPO RHP for detailed Information.
IPO Open
Wed, Oct 19, 2005
IPO Close
Tue, Oct 25, 2005
Issue Price
₹135 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 19 to 25 Oct, 2005 |
| Listed on | Mon, Nov 14, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹135 |
| Issue Price | ₹135 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 70,00,000 shares (agg. up to ₹95 Cr) |
| Fresh Issue | 70,00,000 shares (agg. up to ₹95 Cr) |
| Share Holding Pre Issue | 87,51,250 shares |
| Share Holding Post Issue | 1,57,51,250 shares |
| BSE Script Code / NSE Symbol | 532674 / BASML |
| ISIN | INE186H01022 |
Bannari Amman Spinning Mills IPO comprises a total issue size of 70,00,000 shares. Out of which, 35,00,000 (50.00%) are allocated to QIB, 10,50,000 (15.00%) allocated to NII 24,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 35,00,000 | 50.00% |
| NII (HNI) Shares Offered | 10,50,000 | 15.00% |
| Retail Shares Offered | 24,50,000 | 35.00% |
| Total Shares Offered | 70,00,000 | 100.00% |
Incorporated in 1995, Bannari Amman Spinning Mills Limited is engaged in the manufacturing of cotton yarn and woven fabric.
The company primarily produces cotton hosiery yarn in the count range of 20s to 40s for domestic and export markets.
The company operates spinning and weaving facilities located in Tamil Nadu, including a spinning unit at Dindigul with an installed capacity of 29,232 spindles and a weaving division at Coimbatore equipped with 28 Sulzer projectile looms.
It also operates captive wind power units in Tamil Nadu to support internal power requirements. Bannari Amman Spinning Mills Limited is part of the Coimbatore-based Bannari Amman Group, which has business interests across sugar, textiles, food processing, transportation, distillery, automobile distribution, and healthcare sectors.
The company exports its products to countries including Israel, Mauritius, Egypt, Taiwan, and South Korea.
| Period Ended | 31 Aug 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 44.84 | 42.40 | 37.20 |
| Total Income | 36.89 | 75.63 | 71.93 |
| Profit After Tax | 5.40 | 11.53 | 7.10 |
| NET Worth | 50.17 | 46.10 | 35.67 |
| Reserves and Surplus | 41.41 | 37.35 | 32.17 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion Plan | 289.94 |
| 2 | Issue Expenses | |
| Total | 289.94 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 25.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 55.56% |
The Bannari Amman Spinning Mills IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 6.62 | 70,00,000 | 4,63,50,065 | |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹135.00 | ₹135.00 |
| Open | ₹100.95 | ₹175.00 |
| Low | ₹100.95 | ₹128.70 |
| High | ₹175.00 | ₹175.00 |
| Last Trade | ₹133.05 | ₹132.30 |
Lead Manager Reports
Bannari Amman Spinning Mills IPO is a main-board IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹95 Crores. The issue is priced at ₹135 per share. The minimum order quantity is .
The IPO opens on Wed, Oct 19, 2005, and closes on Tue, Oct 25, 2005.
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 Bannari Amman Spinning Mills IPO using UPI as a payment gateway. Zerodha customers can apply in Bannari Amman Spinning Mills IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bannari Amman Spinning Mills IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bannari Amman Spinning Mills IPO opens on Wed, Oct 19, 2005 and closes on Tue, Oct 25, 2005.
Bannari Amman Spinning Mills IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bannari Amman Spinning Mills 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 Bannari Amman Spinning Mills IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bannari Amman Spinning Mills IPO allotment status.
The Bannari Amman Spinning Mills IPO listing date is on .
