Bookbuilding IPO | ₹190 Cr | Listed at BSE, NSE | Wed, Oct 6, 2010 - Wed, Oct 13, 2010
BS Transcomm IPO is a book build issue of ₹190.45 crores. The issue is entirely a fresh issue of 0.77 crore shares of ₹190.45 crore.
BS Transcomm IPO bidding started from Oct 6, 2010 and ended on Oct 13, 2010. The shares got listed on BSE, NSE on Oct 27, 2010.
BS Transcomm IPO price band is set at ₹248 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,425 (25 shares) (based on upper price). The lot size investment for sNII is 33 lots (825 shares), amounting to ₹2,04,600, and for bNII, it is 162 lots (4,050 shares), amounting to ₹10,04,400.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to BS Transcomm IPO RHP for detailed Information.
IPO Open
Wed, Oct 6, 2010
IPO Close
Wed, Oct 13, 2010
Issue Price
₹248 per share
Market Cap (Pre-IPO)
₹542.59 Cr
| IPO Date | 6 to 13 Oct, 2010 |
| Listed on | Wed, Oct 27, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹248 to ₹257 |
| Issue Price | ₹248 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 76,79,410 shares (agg. up to ₹190 Cr) |
| Fresh Issue | 76,79,410 shares (agg. up to ₹190 Cr) |
| Share Holding Pre Issue | 1,41,99,250 shares |
| Share Holding Post Issue | 2,18,78,660 shares |
| BSE Script Code / NSE Symbol | 533276 / BSLIMITED |
| ISIN | INE043K01029 |
BS Transcomm IPO comprises a total issue size of 76,79,410 shares. Out of which, 38,39,705 (50.00%) are allocated to QIB, 11,51,911 (15.00%) allocated to NII 26,87,794 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 38,39,705 | 50.00% | NA |
| NII (HNI) Shares Offered | 11,51,911 | 15.00% | NA |
| Retail Shares Offered | 26,87,794 | 35.00% | 1,07,511 |
| Total Shares Offered | 76,79,410 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,200 |
| Retail (Max) | 32 | 800 | ₹1,98,400 |
| S-HNI (Min) | 33 | 825 | ₹2,04,600 |
| S-HNI (Max) | 161 | 4,025 | ₹9,98,200 |
| B-HNI (Min) | 162 | 4,050 | ₹10,04,400 |
BS TransComm is engaged in the business of providing a range of services to telecommunication infrastructure providers and power transmission companies including turnkey services. BS Transcomm plans to provide tower companies with solar and wind power solutions along with its existing fuel management solutions. In telecom infrastructure the company's main clients are Reliance Infra, GTL, Indus Towers, Quippo WTTL, Bharti Infratel and Vodafone Essar. Clients in the power business include Power Grid Corporation, Rajasthan Rajya Vidyut Prasaran Nigam & Transmission Corporation of Andhra Pradesh and Karnataka Electricity Board.
The company has laid down expansion plans to increase its current tower fabrication and galvanization capacity from 36,000 MTPA to 240,000 MTPA in two phases. In first phase, completed in March 2010, the company expanded the capacity by 84,000 MTPA, taking the current capacity to 1,20,000 MTPA. In phase II the company will increase tower manufacturing capacity from 120,000 MTPA to 240,000 MTPA.
| 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 | Part funding of Phase I i.e. expansion in Tower Manufacturing and galvanizing capacity from 36,000 MTPA to 1,20,000 MTPA (i.e. an increase in installed capacity by 84,000 MTPA) and setting up of the Backward Integrated Structural Mill with an installed capacity of 90,000 MTPA | |
| 2 | Funding of Phase II i.e. expansion in Tower Manufacturing and galvanizing capacity from 1,20,000 MTPA to 2,40,000 MTPA (i.e. an increase in installed capacity by 1,20,000 MTPA) | |
| 3 | To part finance margin money for working capital for the Project | |
| 4 | To fund general corporate purposes | |
| 5 | To meet expenses of this Issue |
| KPI | |
|---|---|
| RoNW | 29% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.42% | 64.52% |
| Market Cap | ₹542.59 Cr. |
The BS Transcomm IPO is subscribed 1.1 times on October 13, 2010 5:00:00 PM (Day 5). The public issue subscribed 1.04 times in the retail category, 0.52 times in the QIB category, and 3.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.52 | 38,39,705 | |
| NII | 3.16 | 11,51,911 | |
| Retail | 1.04 | 26,87,794 | |
| Total | 1.1 | 76,79,410 |
ICRA has assigned an IPO Grade 2 to BS Transcomm Ltd IPO. This means as per ICRA company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for BS Transcomm Ltd.
BS Transcomm IPO, BS Transcomm IPO, BS Transcomm IPO Bidding, BS Transcomm IPO Allotment Status, BS Transcomm drhp and BS Transcomm Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee (including, underwritingcommission, brokerage and selling commission) | 5.65 |
| 2 | Registrars to the Issue | 0.07 |
| 3 | Advisors | 1.39 |
| 4 | Printing and stationery | 0.73 |
| 5 | Listing fees | 1.56 |
| 6 | Advertising and marketing expenses | 3.30 |
| 7 | IPO Grading fees | 0.04 |
| 8 | Others | 0.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹248.00 | ₹248.00 |
| Open | ₹251.00 | ₹257.00 |
| Low | ₹247.80 | ₹239.00 |
| High | ₹399.00 | ₹398.40 |
| Last Trade | ₹378.50 | ₹381.25 |
Lead Manager Reports
BS Transcomm IPO is a main-board IPO of 76,79,410 equity shares of the face value of ₹10 aggregating up to ₹190 Crores. The issue is priced at ₹248 per share. The minimum order quantity is 25.
The IPO opens on Wed, Oct 6, 2010, and closes on Wed, Oct 13, 2010.
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 BS Transcomm IPO using UPI as a payment gateway. Zerodha customers can apply in BS Transcomm IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BS Transcomm IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BS Transcomm IPO opens on Wed, Oct 6, 2010 and closes on Wed, Oct 13, 2010.
BS Transcomm IPO lot size is 25, and the minimum amount required for application is ₹6,200.
You can apply in BS Transcomm 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 BS Transcomm IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the BS Transcomm IPO allotment status.
The BS Transcomm IPO listing date is on Wed, Oct 27, 2010.
