Bookbuilding IPO | ₹746 Cr | Listed at BSE, NSE | Mon, Dec 10, 2007 - Thu, Dec 13, 2007
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 per share. The lot size for an application is 16. The minimum amount of investment required by an retail is ₹6,240 (16 shares) (based on upper price). 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 Open
Mon, Dec 10, 2007
IPO Close
Thu, Dec 13, 2007
Issue Price
₹390 per share
Market Cap (Pre-IPO)
₹4,419.68 Cr
| IPO Date | 10 to 13 Dec, 2007 |
| Listed on | Mon, Dec 31, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹351 to ₹390 |
| Issue Price | ₹390 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,91,18,428 shares (agg. up to ₹746 Cr) |
| Fresh Issue | 1,91,18,428 shares (agg. up to ₹746 Cr) |
| Share Holding Pre Issue | 9,42,06,735 shares |
| Share Holding Post Issue | 11,33,25,163 shares |
| BSE Script Code / NSE Symbol | 532929 / BRIGADE |
| ISIN | INE791I01019 |
Brigade Enterprises IPO comprises a total issue size of 1,91,18,428 shares. The net offer to the public is 1,90,18,428 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 1,14,11,057 (60.00%) are allocated to QIB, 19,01,843 (10.00%) allocated to NII 57,05,528 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,14,11,057 | 60.00% | 59.69% | NA |
| NII (HNI) Shares Offered | 19,01,843 | 10.00% | 9.95% | NA |
| Retail Shares Offered | 57,05,528 | 30.00% | 29.84% | 3,56,595 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 0.52% | NA | |
| Total Shares Offered | 1,91,18,428 | 100.00% | 100.00% | |
Investors can bid for a minimum of 16 shares and in multiples thereof.
| 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 |
| 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 |
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.
| 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 | Acquisition of land | 135.61 |
| 2 | Construction and development costs in relation to our Ongoing Projects and Forthcoming Projects | 1,129.55 |
| 3 | General corporate purposes; and to achieve the benefits of listing. | 150.26 |
| KPI | |
|---|---|
| RoNW | 49.2% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 68.31% | 58.06% |
| Market Cap | ₹4,419.68 Cr. |
The Brigade IPO is subscribed 13.07 times on December 13, 2007 5:00:00 PM (Day 4). The public issue subscribed 5.59 times in the retail category, 18.29 times in the QIB category, and 4.89 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 fee and underwriting commission | 26.13 |
| 2 | Advertising and Marketing expenses | 5.36 |
| 3 | Printing and stationery expenses | 2.98 |
| 4 | Others (Monitoring agency fees, Registrars fee, legal fee, IPO Grading Agency fees, etc.) | 0.89 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹390.00 | ₹390.00 |
| Open | ₹399.70 | ₹430.00 |
| Low | ₹365.80 | ₹355.15 |
| High | ₹409.40 | ₹489.90 |
| Last Trade | ₹378.55 | ₹379.90 |
Lead Manager Reports
Brigade Enterprises IPO is a main-board IPO of 1,91,18,428 equity shares of the face value of ₹10 aggregating up to ₹746 Crores. The issue is priced at ₹390 per share. The minimum order quantity is 16.
The IPO opens on Mon, Dec 10, 2007, and closes on Thu, Dec 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 Mon, Dec 10, 2007 and closes on Thu, Dec 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 Mon, Dec 31, 2007.
