Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Bronze infra-tech IPO is a fixed price issue of ₹8.68 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹8.68 crore.
Bronze infra-tech IPO bidding started from Oct 19, 2012 and ended on Oct 23, 2012. The shares got listed on BSE SME on Nov 7, 2012.
Bronze infra-tech IPO price is ₹15.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and CB Management Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Bronze infra-tech IPO RHP for detailed Information.
| IPO Date | October 19, 2012 to October 23, 2012 |
| Listing Date | November 7, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,84,000 shares (aggregating up to ₹8.68 Cr) |
| Reserved for Market Maker | 8,64,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.30 Cr) |
| Net Offered to Public | 49,20,000 shares (aggregating up to ₹7.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,14,92,500 shares |
| Share Holding Post Issue | 1,71,96,500 shares |
Bronze Infra Tech IPO offers total 57,04,000 shares. Out of which 24,20,000 (42.43%) allocated to NII, 24,20,000 (42.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 8,64,000 (15.15%) |
| NII (HNI) Shares Offered | 24,20,000 (42.43%) |
| Retail Shares Offered | 24,20,000 (42.43%) |
| Total Shares Offered | 57,04,000 (100.00%) |
Bronze infra-tech IPO opens on October 19, 2012, and closes on October 23, 2012.
| IPO Open Date | Fri, Oct 19, 2012 |
| IPO Close Date | Tue, Oct 23, 2012 |
| Tentative Listing Date | Wed, Nov 7, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 23, 2012 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,20,000 |
| Retail (Max) | 1 | 8,000 | ₹1,20,000 |
| HNI (Min) | 2 | 16,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, Bronze infra-tech Ltd is engaged in the business of Land development, construction, execution of infrastructure projects and supply of IT equipments.
They are currently executing four diversified projects, two of which are land development based projects, one project for civil work and another project related to supply of IT Equipments. In the construction sector, they provide construction services for various types of civil construction and infrastructure projects.
Company's current clients are:
1. Jain Infraprojects Limited
2. Coastal Projects Limited
3. Anil Contractors Private Limited
The Company Bronze Infra Tech 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 | To meet expenses of construction and development of certain of our Ongoing and Forthcoming Projects | 8.00 |
| 2 | To Meet the Issue Expenses | 0.56 |
[Dilip Davda] <p>Company's performance has seen inconsistency with see-saw movement in top line year over year and so is the case with bottom line. It made preferential issue of 5000000 shares at Rs. 15 per share in July 2012 and now coming out with this issue. Considering last three year's average EPS of Rs. 0.94 and a book value of Rs. 15 due to preferential issue in July 2012 and before that at hefty premium just to jack up the NAV.<span style="mso-spacerun: yes"> </span>EPS gets more diluted on expanded equity making this offer a costly bet. Except Max Alert, no other issue on BSE SME platform has rewarded investors so far. GIVE IT A MISS.</p> Read detail review...
| Listing Date | November 7, 2012 |
| BSE Script Code | 534731 |
| NSE Symbol | |
| ISIN | INE830N01015 |
| Final Issue Price | ₹15 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹16.70 |
| Low | ₹16.00 |
| High | ₹17.10 |
| Last Trade | ₹16.30 |
Bronze infra-tech Ltd.
158, Lenin Sarani,
3rd Floor, Room No. 7B,
Kolkata - 700 013, West Bengal
Kolkata, West Bengal
Phone: + 91 33 2215 8486
Email: ipo@bronzeinfratech.com
Website: http://www.bronzeinfratech.com
CB Management Services Pvt.Ltd.
Phone: +91 33 4011 6722/6726
Email: rta@cbmsl.com
Website: http://www.cbmsl.com
Bronze infra-tech IPO is a SME IPO of 57,84,000 equity shares of the face value of ₹10 aggregating up to ₹8.68 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on October 19, 2012, and closes on October 23, 2012.
CB Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bronze infra-tech IPO using UPI as a payment gateway. Zerodha customers can apply in Bronze infra-tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bronze infra-tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bronze infra-tech IPO opens on October 19, 2012 and closes on October 23, 2012.
Bronze infra-tech IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Bronze infra-tech 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 Bronze infra-tech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bronze infra-tech IPO allotment status.
The Bronze infra-tech IPO listing date is on Wednesday, November 7, 2012.
Useful Articles
RHP