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Bothra Metals IPO is a fixed price issue of ₹12.23 crores. The issue is a combination of fresh issue of 0.26 crore shares aggregating to ₹6.50 crores and offer for sale of 0.23 crore shares aggregating to ₹5.73 crores.
Bothra Metals IPO bidding started from Mar 12, 2013 and ended on Mar 14, 2013. The shares got listed on BSE SME on Mar 25, 2013.
Bothra Metals IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Bothra Metals IPO RHP for detailed Information.
| IPO Date | March 12, 2013 to March 14, 2013 |
| Listing Date | March 25, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 48,90,000 shares (aggregating up to ₹12.23 Cr) |
| Reserved for Market Maker | 2,52,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.6300 Cr) |
| Fresh Issue (Ex Market Maker) | 23,46,000 shares (aggregating up to ₹5.87 Cr) |
| Offer for Sale | 22,92,000 shares of ₹10 (aggregating up to ₹5.73 Cr) |
| Net Offered to Public | 46,38,000 shares (aggregating up to ₹11.60 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,59,18,640 shares |
| Share Holding Post Issue | 1,85,10,640 shares |
Bothra Metals and Alloys IPO offers total 48,84,000 shares. Out of which 23,16,000 (47.42%) allocated to NII, 23,16,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,000 (5.16%) |
| NII (HNI) Shares Offered | 23,16,000 (47.42%) |
| Retail Shares Offered | 23,16,000 (47.42%) |
| Total Shares Offered | 48,84,000 (100.00%) |
Bothra Metals IPO opens on March 12, 2013, and closes on March 14, 2013.
| IPO Open Date | Tue, Mar 12, 2013 |
| IPO Close Date | Thu, Mar 14, 2013 |
| Tentative Listing Date | Mon, Mar 25, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 14, 2013 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2001, Bothra Metals and Alloys Ltd is engaged in the business of manufacturing aluminium extrusions, aluminium profiles and aluminium billets for commercial, industrial and domestic applications.
Company offers a wide range of aluminum products including aluminium ingots, aluminium billets, aluminium shots and aluminum extrusion products like aluminium channels, aluminium sections, aluminium flat bars, aluminium tubes, etc. Company is also engaged in trading of aluminium scrap.
Company currently operates from three plants; viz. Kala-amb (Himachal Pradesh), Bhavnagar (Gujarat) and Sangli (Maharashtra). The main raw material for the products is aluminium ingots and aluminum scrap, which is sourced from India and abroad.
Aluminium extrusions manufactured by the Company are used in several applications, including heat sinks, heat exchangers, aluminium doors and window frames. Products provided by the Company is used in growing sectors of Indian economy, viz. Transport, Building and construction, Electrical & mechanical engineering, Packaging, Automobile, Beverage, and Marine. Poducts are also used in window and door frame systems, pre fabricated building structures, shop fronts, exterior and roofing claddings, curtain walling, etc.
| KPI | Values |
|---|---|
| RoNW | 18.5% |
The Company Bothra Metals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital requirements | 6.00 |
| 2 | General Corporate Purpose | 0.31 |
| 3 | Issue Expenses | 0.17 |
[Dilip Davda] <p>Considering the fate of SME IPOs post listing, despite market making, skipping of this issue is advisable.</p> Read detail review...
| Listing Date | March 25, 2013 |
| BSE Script Code | 535279 |
| NSE Symbol | |
| ISIN | INE583M01012 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.50 |
| Low | ₹24.85 |
| High | ₹25.55 |
| Last Trade | ₹25.00 |
Bothra Metals & Alloys Ltd.
Bothra House, Room No.15, 3rd Floor,
5, Assembly Lane,
Dadi Seth Agyari Lane, Kalbadevi, Mumbai – 400 002
Mumbai, Maharashtra
Phone: +91 22 67472762
Email: bmal_2001@bothrametals.com
Website: http://www.bothrametals.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: bothra.ipo@sharexindia.com
Website:
Bothra Metals IPO is a SME IPO of 48,90,000 equity shares of the face value of ₹10 aggregating up to ₹12.23 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on March 12, 2013, and closes on March 14, 2013.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bothra Metals IPO using UPI as a payment gateway. Zerodha customers can apply in Bothra Metals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bothra Metals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bothra Metals IPO opens on March 12, 2013 and closes on March 14, 2013.
Bothra Metals IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Bothra Metals 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 Bothra Metals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bothra Metals IPO allotment status.
The Bothra Metals IPO listing date is on Monday, March 25, 2013.
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