Fixed Price FPO | ₹50 Cr | Listed at BSE | Fri, Mar 24, 2006 - Wed, Mar 29, 2006
Birla Power Solutions FPO is a fixed issue price of ₹50.41 crores. The issue is entirely a fresh issue of 1.20 crore shares of ₹50.41 crore.
Birla Power Solutions FPO bidding started from Mar 24, 2006 and ended on Mar 29, 2006. The shares got listed on the BSE on Apr 26, 2006.
Birla Power Solutions FPO is set final issue price at ₹42 per share.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Birla Power Solutions FPO DRHP for detailed Information.
FPO Open
Fri, Mar 24, 2006
FPO Close
Wed, Mar 29, 2006
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹94.42 Cr
| IPO Date | 24 to 29 Mar, 2006 |
| Listed on | Wed, Apr 26, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 1,20,03,206 shares (agg. up to ₹50 Cr) |
| Fresh Issue | 1,20,03,206 shares (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 1,04,81,050 shares |
| Share Holding Post Issue | 2,24,84,256 shares |
| BSE Script Code | 517001 |
| ISIN | INE224B01024 |
Birla Power Solutions FPO comprises a total issue size of 1,20,00,000 shares. The net offer to the public is 60,00,000 shares, after excluding 60,00,000 shares under a preferential allotment. Of the Net offer 30,00,000 (50.00%) allocated to NII 30,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,00,000 | 50.00% | 25.00% |
| Retail Shares Offered | 30,00,000 | 50.00% | 25.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 12,00,000 | 10.00% | |
| Shareholders Shares Offered | 12,00,000 | 10.00% | |
| Other Shares Offered | 36,00,000 | 30.00% | |
| Total Shares Offered | 1,20,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹2 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹2 Lakhs (EMP) + RII 'OR' NII limits | Yes (SH/EMP/RII) |
Established in 1984, Birla Power Solutions Limited (BPSL), and formerly known as Birla Yamaha Limited, is a Yash Birla Group company specialising in portable generators, multi-purpose engines, and inverters.
It was the first company in India to produce portable generators, with a range now from 500W to 40kW, using fuels such as petrol, diesel, and LPG. The company manufactures and trades portable generators (including the 'Birla Ecogen' brand), generators, inverters, multi-purpose engines, pump sets, and sprayers.
The company provides a comprehensive range of generators and has a strong presence in both small- and high-capacity segments.
The company is recognised for its leadership in the portable generator market, pioneering self-start and emission-compliant gensets in India.
| Period Ended | 30 Sep 2005 | 30 Sep 2004 |
|---|---|---|
| Assets | 185.71 | 150.74 |
| Total Income | 91.27 | 106.57 |
| Profit After Tax | 3.56 | 0.10 |
| NET Worth | 56.66 | 52.77 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the cost of expansion of the capacities of the existing products of the company viz. Diesel Genset,Multi Purpose Engines, Alternators and Fuel Tank | |
| 2 | To finance the setting up of a new plant for manufacturing LPG/CNG Gensets, Inverter, Engines and AcousticHoods | |
| 3 | To meet the margin money for working capital requirement | |
| 4 | To meet the expense of the issue. | |
| Total | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.14 | 0.66 |
| P/E (x) | 298.65 | 64.05 |
| Promoter Holding | 54.27% | 25.3% |
| Market Cap | ₹94.42 Cr. |
The Birla Power Solutions FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.65 | 1,20,00,000 | 1,97,77,800 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to the intermediaries | 0.75 |
| 2 | Advertising & Marketing expenses | 0.90 |
| 3 | Printing, Stationary, Dispatch | 0.75 |
| 4 | Brokerage | 0.76 |
| 5 | Miscellaneous | 0.34 |
| Total | 3.50 |
| Price Details |
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| Final Issue Price |
| Open |
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Lead Manager Reports
Birla Power Solutions FPO is a main-board FPO of 1,20,03,206 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹42 per share. The minimum order quantity is .
The FPO opens on Fri, Mar 24, 2006, and closes on Wed, Mar 29, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Birla Power Solutions FPO using UPI as a payment gateway. Zerodha customers can apply in Birla Power Solutions FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Birla Power Solutions FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Birla Power Solutions FPO opens on Fri, Mar 24, 2006 and closes on Wed, Mar 29, 2006.
Birla Power Solutions FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Birla Power Solutions 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 Birla Power Solutions FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Birla Power Solutions FPO allotment status.
The Birla Power Solutions FPO listing date is on Wed, Apr 26, 2006.
