Bookbuilding IPO | ₹92 Cr | Listed at BSE, NSE | Wed, Apr 18, 2007 - Wed, Apr 25, 2007
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 per share. The lot size for an application is 175. The minimum amount of investment required by an retail is ₹7,000 (175 shares) (based on upper price). 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 Open
Wed, Apr 18, 2007
IPO Close
Wed, Apr 25, 2007
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹117.15 Cr
| IPO Date | 18 to 25 Apr, 2007 |
| Listed on | Thu, May 17, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 175 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,30,00,000 shares (agg. up to ₹92 Cr) |
| Reserved for Private Promoter | 45,44,600 shares (agg. up to ₹18 Cr) |
| Fresh Issue | 1,84,55,400 shares (agg. up to ₹74 Cr) |
| Net Offered to Public | 1,84,55,400 shares (agg. up to ₹74 Cr) |
| Share Holding Pre Issue | 62,86,400 shares |
| Share Holding Post Issue | 2,92,86,400 shares |
| BSE Script Code / NSE Symbol | 532845 / TGBHOTELS |
| ISIN | INE797H01018 |
Bhagwati Banquets IPO comprises a total issue size of 1,84,55,400 shares. The net offer to the public is 1,39,10,800 shares, after excluding 45,44,600 shares allotted on a firm basis. Of the Net offer 92,27,700 (50.00%) are allocated to QIB, 27,68,310 (15.00%) allocated to NII 64,59,390 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 92,27,700 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 27,68,310 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 64,59,390 | 35.00% | 35.00% | 36,910 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 45,44,600 | 24.62% | NA | |
| Total Shares Offered | 1,84,55,400 | 100.00% | 100.00% | |
Investors can bid for a minimum of 175 shares and in multiples thereof.
| 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 |
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.
| 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 | Capital Expenditure for starting Hotel at Surat | 77.75 |
| 2 | General Corporate Purposes | 19.25 |
| 3 | Meeting Issue Expenses | 7.50 |
| KPI | |
|---|---|
| RoNW | 8.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.51% | 35.59% |
| Market Cap | ₹117.15 Cr. |
The Bhagwati Hotels IPO is subscribed 1.83 times on April 25, 2007 5:00:00 PM (Day 6). The public issue subscribed 3.09 times in the retail category, 0.42 times in the QIB category, and 3.55 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 commissio | 2.00 |
| 2 | Advertisement and Marketing expenses | 2.20 |
| 3 | Printing and stationery | 1.84 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc) | 1.46 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹40.00 | ₹40.00 |
| Open | ₹46.35 | ₹45.00 |
| Low | ₹45.35 | ₹30.00 |
| High | ₹57.20 | ₹57.35 |
| Last Trade | ₹50.65 | ₹49.05 |
Lead Manager Reports
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 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 175.
The IPO opens on Wed, Apr 18, 2007, and closes on Wed, Apr 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 Wed, Apr 18, 2007 and closes on Wed, Apr 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 Thu, May 17, 2007.
