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Bhagwati Banquets IPO is a book build issue of ₹92.00 crores. The issue is entirely a fresh issue of 2.30 crore shares of ₹92.00 crore.
Bhagwati Banquets IPO bidding started from Apr 18, 2007 and ended on Apr 25, 2007. The shares got listed on BSE, NSE on May 17, 2007.
Bhagwati Banquets IPO price band is set at ₹40.00 per share . The lot size for an application is 175. The minimum amount of investment required by an retail is ₹6,300 (175 shares). The lot size investment for sNII is 29 lots (5,075 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (25,025 shares), amounting to ₹10,01,000.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Bhagwati Banquets IPO RHP for detailed Information.
| IPO Date | April 18, 2007 to April 25, 2007 |
| Listing Date | May 17, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹40 per share |
| Issue Price Final | ₹40 per share |
| Lot Size | 175 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,30,00,000 shares (aggregating up to ₹92.00 Cr) |
| Reserved for Private Promoter | 45,44,600 shares (aggregating up to ₹18 Cr) |
| Net Offered to Public | 1,84,55,400 shares (aggregating up to ₹73.82 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 62,86,400 shares |
| Share Holding Post Issue | 2,92,86,400 shares |
Bhagwati Hotels IPO offers total 1,84,55,400 shares. Out of which 92,27,700 (50.00%) allocated to QIB, 27,68,310 (15.00%) allocated to NII, 64,59,390 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 92,27,700 (50.00%) | NA |
| NII (HNI) Shares Offered | 27,68,310 (15.00%) | NA |
| Retail Shares Offered | 64,59,390 (35.00%) | 36,910 |
| Total Shares Offered | 1,84,55,400 (100.00%) |
Bhagwati Banquets IPO opens on April 18, 2007, and closes on April 25, 2007.
| IPO Open Date | Wed, Apr 18, 2007 |
| IPO Close Date | Wed, Apr 25, 2007 |
| Tentative Listing Date | Thu, May 17, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 25, 2007 |
Investors can bid for a minimum of 175 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 175 | ₹7,000 |
| Retail (Max) | 28 | 4,900 | ₹1,96,000 |
| S-HNI (Min) | 29 | 5,075 | ₹2,03,000 |
| S-HNI (Max) | 142 | 24,850 | ₹9,94,000 |
| B-HNI (Min) | 143 | 25,025 | ₹10,01,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in November 1999, Bhagwati Banquets And Hotels Ltd (BBHL) is in the business of banquet halls, marriage halls, party halls and plots, hotels, restaurants, catering and cafe, taveran, refreshment room, entertainments, amusements, club, bath, grounds and places of recreation, sports, picnic places and hotel related services.
At present BBHL operate and manage one Hotel under the name “The Grand Bhagwati” and a chain of Restaurants at various locations in Ahmedabad, Gujrat.
BBHL is expanding its presence in Ahmedabad through the opening and acquisition of new restaurants and starting a new five star hotel at Surat.
| KPI | Values |
|---|---|
| RoNW | 8.12% |
The Company Bhagwati Hotels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital Expenditure for starting Hotel at Surat | 777.50 |
| 2 | General Corporate Purposes | 192.50 |
| 3 | Meeting Issue Expenses | 75.00 |
| Listing Date | May 17, 2007 |
| BSE Script Code | 532845 |
| NSE Symbol | TGBHOTELS |
| ISIN | INE797H01018 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | B1 |
Bhagwati Banquets & Hotels Ltd.
Bhagwati Banquets And Hotels Ltd,
Plot No 380, Sarkhej Gandhinagar Highway,
Bodakdev, Ahmedabad-380054, India
Ahmedabad, Gujarat
Phone: +91-79-26841000
Email: companysecretary@thegrandbhagwati.com
Website: http://www.thegrandbhagwati.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: bbhl@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Bhagwati Banquets IPO is a main-board IPO of 2,30,00,000 equity shares of the face value of ₹10 aggregating up to ₹92.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 175.
The IPO opens on April 18, 2007, and closes on April 25, 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 Bhagwati Banquets IPO using UPI as a payment gateway. Zerodha customers can apply in Bhagwati Banquets IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhagwati Banquets IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhagwati Banquets IPO opens on April 18, 2007 and closes on April 25, 2007.
Bhagwati Banquets IPO lot size is 175, and the minimum amount required for application is ₹7,000.
You can apply in Bhagwati Banquets 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 Bhagwati Banquets IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhagwati Banquets IPO allotment status.
The Bhagwati Banquets IPO listing date is on Thursday, May 17, 2007.
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