Bookbuilding FPO | ₹527 Cr | Listed at BSE, NSE | Wed, Jun 27, 2007 - Tue, Jul 3, 2007
Bharat Earth Movers FPO is a book build issue of ₹526.75 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹526.75 crore.
Bharat Earth Movers FPO bidding started from Jun 27, 2007 and ended on Jul 3, 2007. The shares got listed on BSE, NSE on Jul 17, 2007.
Bharat Earth Movers FPO price band is set at ₹1,075 per share. The lot size for an application is 5. The minimum amount of investment required by an retail is ₹5,450 (5 shares) (based on upper price). The lot size investment for sNII is 38 lots (190 shares), amounting to ₹2,04,250, and for bNII, it is 187 lots (935 shares), amounting to ₹10,05,125.
The issue includes a reservation of up to 4,90,000 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bharat Earth Movers FPO RHP for detailed Information.
FPO Open
Wed, Jun 27, 2007
FPO Close
Tue, Jul 3, 2007
Issue Price
₹1075 per share
Market Cap (Pre-IPO)
₹3,950.03 Cr
| IPO Date | 27 Jun to 3 Jul, 2007 |
| Listed on | Tue, Jul 17, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹1020 to ₹1090 |
| Issue Price | ₹1075 per share |
| Lot Size | 5 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 49,00,000 shares (agg. up to ₹527 Cr) |
| Fresh Issue | 49,00,000 shares (agg. up to ₹527 Cr) |
| Share Holding Pre Issue | 3,67,44,500 shares |
| Share Holding Post Issue | 3,67,44,500 shares |
| BSE Script Code / NSE Symbol | 500048 / BEML |
| ISIN | INE258A01016 |
Bharat Earth Movers FPO comprises a total issue size of 49,00,000 shares. The net offer to the public is 44,10,000 shares, after excluding 4,90,000 shares under a preferential allotment. Of the Net offer 22,05,000 (50.00%) are allocated to QIB, 6,61,500 (15.00%) allocated to NII 15,43,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 22,05,000 | 50.00% | 45.00% | NA |
| NII (HNI) Shares Offered | 6,61,500 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 15,43,500 | 35.00% | 31.50% | 3,08,700 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,90,000 | 10.00% | NA | |
| Total Shares Offered | 49,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 5 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 5 | ₹5,375 |
| Retail (Max) | 37 | 185 | ₹1,98,875 |
| S-HNI (Min) | 38 | 190 | ₹2,04,250 |
| S-HNI (Max) | 186 | 930 | ₹9,99,750 |
| B-HNI (Min) | 187 | 935 | ₹10,05,125 |
| 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 |
Bharat Earth Movers Limited (BEML) is a leading manufacturer of mining and construction equipments in India. BEML was incorporated in 1964 as a Public Sector Undertaking (PSU) under the administrative control of Department of Defense Production and Supplies, Ministry of Defense, with headquarters at Bangalore.
BEML deals in three product segments comprising Mining and Construction equipments, Defense products and Railway & Metro products. BEML is also in design and manufacturing high quality hydraulics, heavy-duty diesel engines, welding robots and heavy fabrication jobs.
BEML is a Mini-Ratna (Category 1) Company under the Ministry of Defense and ranked as the first among the Fastest Growing Construction Equipment Companies in 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 | Expansion of Metro Coach Manufacturing Facility at Bangalore | 214.51 |
| 2 | Capital Expenditure including upgradation of current facilities | 90.00 |
| 3 | Voluntary Retirement Scheme (“VRS”) for Employees | 90.00 |
| 4 | Setting up of 5MW Wind Mill for captive consumption | 27.00 |
| 5 | Contribution for setting up R&D Centre of Excellence for Metro Coaches | 9.00 |
| 6 | Issue Expenses | 14.50 |
| 7 | General Corporate Purposes | 81.74 |
| KPI | |
|---|---|
| RoNW | 21.89% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.23% | |
| Market Cap | ₹3,950.03 Cr. |
The BEML IPO is subscribed 30.65 times on July 3, 2007 5:00:00 PM (Day 5). The public issue subscribed 3.19 times in the retail category, 63.34 times in the QIB category, and 8.47 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 | Lead management, underwriting and selling commission | 0.00 |
| 2 | Advertisement and marketing expenses | 0.00 |
| 3 | Printing, stationery including transportation of the same | 0.00 |
| 4 | Other (Registrar’s fees, legal fees, listing fees, etc.) | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,075.00 | ₹1,075.00 |
| Open | ₹1,199.00 | ₹1,219.00 |
| Low | ₹1,171.05 | ₹1,173.00 |
| High | ₹1,230.05 | ₹1,230.00 |
| Last Trade | ₹1,196.60 | ₹1,197.75 |
Lead Manager Reports
Bharat Earth Movers FPO is a main-board FPO of 49,00,000 equity shares of the face value of ₹10 aggregating up to ₹527 Crores. The issue is priced at ₹1075 per share. The minimum order quantity is 5.
The FPO opens on Wed, Jun 27, 2007, and closes on Tue, Jul 3, 2007.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bharat Earth Movers FPO using UPI as a payment gateway. Zerodha customers can apply in Bharat Earth Movers FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bharat Earth Movers FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bharat Earth Movers FPO opens on Wed, Jun 27, 2007 and closes on Tue, Jul 3, 2007.
Bharat Earth Movers FPO lot size is 5, and the minimum amount required for application is ₹5,375.
You can apply in Bharat Earth Movers FPO 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 Bharat Earth Movers FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Bharat Earth Movers FPO allotment status.
The Bharat Earth Movers FPO listing date is on Tue, Jul 17, 2007.
