Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Fri, Oct 19, 2012 - Tue, Oct 23, 2012
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Oct 19, 2012
IPO Close
Tue, Oct 23, 2012
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹25.79 Cr
| IPO Date | 19 to 23 Oct, 2012 |
| Listed on | Wed, Nov 7, 2012 |
| Face Value | ₹10 per share |
| Issue Price | ₹15 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 57,84,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 8,64,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 49,20,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 49,20,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 1,14,92,500 shares |
| Share Holding Post Issue | 1,71,96,500 shares |
| BSE Script Code | 534731 |
| ISIN | INE830N01015 |
Bronze infra-tech IPO comprises a total issue size of 57,04,000 shares. The net offer to the public is 48,40,000 shares, after excluding 8,64,000 shares allotted on a firm basis. Of the Net offer 24,20,000 (50.00%) allocated to NII 24,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,20,000 | 50.00% | 42.43% |
| Retail Shares Offered | 24,20,000 | 50.00% | 42.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 8,64,000 | 15.15% | |
| Total Shares Offered | 57,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 0.7% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 75.41% | 50.4% |
| Market Cap | ₹25.79 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 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.42 |
| 2 | Printing & Stationery and Postage Expenses | 0.06 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹16.70 |
| Low | ₹16.00 |
| High | ₹17.10 |
| Last Trade | ₹16.30 |
Lead Manager Reports
Bronze infra-tech IPO is a SME IPO of 57,84,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Oct 19, 2012, and closes on Tue, Oct 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 Fri, Oct 19, 2012 and closes on Tue, Oct 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 Wed, Nov 7, 2012.
