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Brigade Enterprises IPO is a book build issue of ₹745.62 crores. The issue is entirely a fresh issue of 1.91 crore shares of ₹745.62 crore.
Brigade Enterprises IPO bidding started from Dec 10, 2007 and ended on Dec 13, 2007. The shares got listed on BSE, NSE on Dec 31, 2007.
Brigade Enterprises IPO price band is set at ₹390.00 per share . The lot size for an application is 16. The minimum amount of investment required by an retail is ₹5,616 (16 shares). The lot size investment for sNII is 33 lots (528 shares), amounting to ₹2,05,920, and for bNII, it is 161 lots (2,576 shares), amounting to ₹10,04,640.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Brigade Enterprises IPO RHP for detailed Information.
| IPO Date | December 10, 2007 to December 13, 2007 |
| Listing Date | December 31, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹351 to ₹390 per share |
| Issue Price Final | ₹390 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,91,18,428 shares (aggregating up to ₹745.62 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,42,06,735 shares |
| Share Holding Post Issue | 11,33,25,163 shares |
Brigade IPO offers total 1,91,18,428 shares. Out of which 1,14,11,057 (59.69%) allocated to QIB, 19,01,843 (9.95%) allocated to NII, 57,05,528 (29.84%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,14,11,057 (59.69%) | NA |
| NII (HNI) Shares Offered | 19,01,843 (9.95%) | NA |
| Retail Shares Offered | 57,05,528 (29.84%) | 3,56,595 |
| Employee Shares Offered | 1,00,000 (0.52%) | NA |
| Total Shares Offered | 1,91,18,428 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Brigade Enterprises IPO opens on December 10, 2007, and closes on December 13, 2007.
| IPO Open Date | Mon, Dec 10, 2007 |
| IPO Close Date | Thu, Dec 13, 2007 |
| Tentative Listing Date | Mon, Dec 31, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 13, 2007 |
Investors can bid for a minimum of 16 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 | 16 | ₹6,240 |
| Retail (Max) | 32 | 512 | ₹1,99,680 |
| S-HNI (Min) | 33 | 528 | ₹2,05,920 |
| S-HNI (Max) | 160 | 2,560 | ₹9,98,400 |
| B-HNI (Min) | 161 | 2,576 | ₹10,04,640 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1990, Brigade Enterprises Limited is one of the leading real estate development company based in Bangalore, primarily focused on the development of residential, commercial and hospitality properties in South India.
Brigade’s commercial properties include commercial office space, software and IT parks, schools, hospitals and retail malls with entertainment facilities, such as multiplexes. They are also involved in the hospitality business. Some of their developed commercial properties in the main business areas of Bangalore include ‘Brigade Software Park’, ‘Brigade South Parade’ and ‘Brigade Techpark’.
Brigade’s prominent clients who occupy these premises include Cisco Systems India Private Limited, Digi Captions India Private Limited, Mahindra Engineering Design & Development Company Limited, Mindtree Consulting Limited, Spice Communications Limited, Tata Coffee Limited and TTK Prestige Limited.
| KPI | Values |
|---|---|
| RoNW | 49.2% |
The Company Brigade 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 | Acquisition of land | 1,356.12 |
| 2 | Construction and development costs in relation to our Ongoing Projects and Forthcoming Projects | 11,295.47 |
| 3 | General corporate purposes; and to achieve the benefits of listing. | 1,502.57 |
| Listing Date | December 31, 2007 |
| BSE Script Code | 532929 |
| NSE Symbol | BRIGADE |
| ISIN | INE791I01019 |
| Final Issue Price | ₹390 per share |
Brigade Enterprises Ltd.
Pent House,
Brigade Towers,
135 Brigade Road,
Bangalore Urban, Karnataka, 560025
Phone: +91-8041-379200
Email: investors@brigadegroup.com
Website: http://www.brigadegroup.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: brigadeipo@karvy.com
Website: https://ipostatus.kfintech.com/
Brigade Enterprises IPO is a main-board IPO of 1,91,18,428 equity shares of the face value of ₹10 aggregating up to ₹745.62 Crores. The issue is priced at ₹390 per share. The minimum order quantity is 16.
The IPO opens on December 10, 2007, and closes on December 13, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Brigade Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Brigade Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brigade Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brigade Enterprises IPO opens on December 10, 2007 and closes on December 13, 2007.
Brigade Enterprises IPO lot size is 16, and the minimum amount required for application is ₹6,240.
You can apply in Brigade Enterprises 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 Brigade Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Brigade Enterprises IPO allotment status.
The Brigade Enterprises IPO listing date is on Monday, December 31, 2007.
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