Bookbuilding IPO | ₹92 Cr | Listed at BSE, NSE | Thu, Nov 16, 2006 - Wed, Nov 22, 2006
Blue Bird IPO is a book build issue of ₹92.14 crores. The issue is entirely a fresh issue of 0.88 crore shares of ₹92.14 crore.
Blue Bird IPO bidding started from Nov 16, 2006 and ended on Nov 22, 2006. The shares got listed on the NSE and the BSE on Dec 11, 2006.
Blue Bird IPO is set final issue price at ₹105 per share. The lot size for an application is 60 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,300 (60 shares) (based on upper price). The lot size investment for sNII is 32 lots (1,920 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (9,540 shares), amounting to ₹10,01,700.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Blue Bird IPO RHP for detailed Information.
IPO Open
Thu, Nov 16, 2006
IPO Close
Wed, Nov 22, 2006
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹367.50 Cr
| IPO Date | 16 to 22 Nov, 2006 |
| Listed on | Mon, Dec 11, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 87,75,000 shares (agg. up to ₹92 Cr) |
| Fresh Issue | 87,75,000 shares (agg. up to ₹92 Cr) |
| Share Holding Pre Issue | 2,62,25,000 shares |
| Share Holding Post Issue | 3,50,00,000 shares |
| BSE Script Code / NSE Symbol | 532781 / BLUEBIRD |
| ISIN | INE697H01010 |
Blue Bird IPO comprises a total issue size of 87,75,000 shares. Out of which, 43,87,500 (50.00%) are allocated to QIB, 13,16,250 (15.00%) allocated to NII 30,71,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 43,87,500 | 50.00% | NA |
| NII (HNI) Shares Offered | 13,16,250 | 15.00% | NA |
| Retail Shares Offered | 30,71,250 | 35.00% | 51,187 |
| Total Shares Offered | 87,75,000 | 100.00% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,300 |
| Retail (Max) | 31 | 1,860 | ₹1,95,300 |
| S-HNI (Min) | 32 | 1,920 | ₹2,01,600 |
| S-HNI (Max) | 158 | 9,480 | ₹9,95,400 |
| B-HNI (Min) | 159 | 9,540 | ₹10,01,700 |
Blue Bird (India) Limited (Blue Bird) is a manufacturer of paper-based notebook products under its Blue Bird bran. The Company also manufactures other stationery products like files, perforated pads, registers and filler papers as part of its business. Blue Bird also prints text books and engages in other bespoke commercial printing of items, such as calendars and diaries, leaflets and product pamphlets and instruction materials and published books and other materials, as well as publishing in-house produced content. The Company sells its student/exercise book and other stationery products principally in western India, including the State of Maharashtra.
Key Notes:
1. Blue Bird has highest market share of 48% amongst large players in the organised market for paper-based student/exercise book products in India.
2. During fiscal 2005, Blue Bird began export of printed materials, including textbooks and student/exercise books to Kenya, Ghana and South Africa.
3. Blue Bird is planning to expand both market presence within India, with plans to develop facilities in southern India during fiscal 2007 and 2008, and market presence in sub-Saharan Africa, with increased marketing efforts and penetration there.
4. Blue Bird (India) Limited and its predecessor businesses have over 30 years of experience in the printing business.
| Period Ended | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 262.62 | 231.47 | 176.78 |
| Total Income | 237.55 | 401.70 | 331.70 |
| Profit After Tax | 15.10 | 25.12 | 15.99 |
| EBITDA | 31.50 | 52.95 | 34.89 |
| NET Worth | 75.22 | 61.22 | 39.56 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up and expansion of manufacturing facilities in India | 71.48 |
| 2 | Replenishing the internal accruals of the Company used for purchase of factory land located at Pune | 0.37 |
| 3 | Purchase of existing Registered/Corporate office premises presently on leave and licence. | 4.00 |
| 4 | Capital expenditure for setting up of new regional sales offices | 10.00 |
| 5 | Repayment of existing long term debts | 19.24 |
| 6 | Augmentation of long term working capital | 30.00 |
| Total | 135.09 |
| KPI | Sep 30, 2006 | Mar 31, 2006 |
|---|---|---|
| Debt/Equity | 1.43 | 1.71 |
| RoNW | 40.2% | 41% |
| PAT Margin | 6.40% | 6.30% |
| EBITDA Margin | 13.30% | 13.20% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 70.17% | 52.57% |
| Market Cap | ₹367.50 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 4.61 |
| 2 | Advertising and Marketing expenses | 2.00 |
| 3 | Printing and stationery | 1.65 |
| 4 | Others (Registrars fee, legal fee, etc.) | 1.66 |
| Total | 9.92 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹105.00 | ₹105.00 |
| Open | ₹109.00 | ₹128.00 |
| Low | ₹92.10 | ₹91.00 |
| High | ₹109.00 | ₹128.00 |
| Last Trade | ₹94.85 | ₹94.65 |
Lead Manager Reports
Blue Bird IPO is a main-board IPO of 87,75,000 equity shares of the face value of ₹10 aggregating up to ₹92 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 60.
The IPO opens on Thu, Nov 16, 2006, and closes on Wed, Nov 22, 2006.
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 Blue Bird IPO using UPI as a payment gateway. Zerodha customers can apply in Blue Bird IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Blue Bird IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Blue Bird IPO opens on Thu, Nov 16, 2006 and closes on Wed, Nov 22, 2006.
Blue Bird IPO lot size is 60, and the minimum amount required for application is ₹6,300.
You can apply in Blue Bird 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 Blue Bird IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Blue Bird IPO allotment status.
The Blue Bird IPO listing date is on Mon, Dec 11, 2006.
