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Captain Technocast IPO is a fixed price issue of ₹5.70 crores. The issue is a combination of fresh issue of 0.08 crore shares aggregating to ₹3.30 crores and offer for sale of 0.06 crore shares aggregating to ₹2.40 crores.
Captain Technocast IPO bidding started from Jul 20, 2017 and ended on Jul 24, 2017. The shares got listed on BSE SME on Aug 1, 2017.
Captain Technocast IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Captain Technocast IPO RHP for detailed Information.
| IPO Date | July 20, 2017 to July 24, 2017 |
| Listing Date | August 1, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 14,25,000 shares (aggregating up to ₹5.70 Cr) |
| Reserved for Market Maker | 75,000 shares Hem Securities Ltd. (aggregating up to ₹0.3000 Cr) |
| Fresh Issue (Ex Market Maker) | 7,50,000 shares (aggregating up to ₹3.00 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (aggregating up to ₹2.40 Cr) |
| Net Offered to Public | 13,50,000 shares (aggregating up to ₹5.40 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 42,80,025 shares |
| Share Holding Post Issue | 51,05,025 shares |
Captain Technocast IPO offers total 14,25,000 shares. Out of which 6,75,000 (47.37%) allocated to NII, 6,75,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 75,000 (5.26%) |
| NII (HNI) Shares Offered | 6,75,000 (47.37%) |
| Retail Shares Offered | 6,75,000 (47.37%) |
| Total Shares Offered | 14,25,000 (100.00%) |
Captain Technocast IPO opens on July 20, 2017, and closes on July 24, 2017.
| IPO Open Date | Thu, Jul 20, 2017 |
| IPO Close Date | Mon, Jul 24, 2017 |
| Tentative Listing Date | Tue, Aug 1, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 24, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2010, Captain Technocast Ltd is engaged in the business of manufacturering, export and supply of metal castings with high tensile, high-volume, complex thin wall investment castings and fully finished casting based sub-assemblies and components. CTL has variety of castings which includes Automotives Casting, Defense Casting, Industrial Valves Casting, Turbine Blades Casting, Industrial Process Pumps Casting, Power Plant Boiler Parts Casting, Aerospace Casting, Earth Moving Machinery Casting, Engineering & Automation Casting, Fire Fighting Equipments Casting, Structural Hardwares Casting and Marine Applications Casting.
This is the third group company going public with SME IPO. Earlier other two group companies Captain Polyplast Ltd [Nov 2013 offered at Rs. 30 - listed at Rs. 33-last trade Rs. 171 (17.07.17)] and Captain Pipes Ltd [Nov 2014 offered at Rs. 40 - opened at Rs. 41.90 – last trade at Rs. 97 (17.07.17)] went public with SME IPOs.
Competitive Strengths
1. Diverse Product Range covering different Industry verticals
2. Strong Engineering, Product Development and Technological Capabilities
3. Experienced and qualified team
4. Quality assurance
5. Cost effective production and timely fulfillment of orders
The Company Captain Technocast 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 Working Capital Requirement | 2.98 |
| 2 | General Corporate Expenses | 0.16 |
[Dilip Davda] Based on performance and other parameters, issue appears fully priced. However, other two group company’s listing performance and the latest faring; investors may consider investment for short to long term. Read detail review...
| Listing Date | August 1, 2017 |
| BSE Script Code | 540652 |
| NSE Symbol | |
| ISIN | INE931X01010 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹47.40 |
| Low | ₹47.40 |
| High | ₹48.50 |
| Last Trade | ₹48.50 |
Captain Technocast Ltd.
Survey No-257, Plot No. 4,
N.H. No. 8-B, Shapar (Veraval),
Rajkot Gujarat
Rajkot, Gujarat, 360002
Phone: +91-2827-252411
Email: compliance@captaintechnocast.com
Website: http://www.captaintechnocast.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Captain Technocast IPO is a SME IPO of 14,25,000 equity shares of the face value of ₹10 aggregating up to ₹5.70 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on July 20, 2017, and closes on July 24, 2017.
Bigshare 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 Captain Technocast IPO using UPI as a payment gateway. Zerodha customers can apply in Captain Technocast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Captain Technocast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Captain Technocast IPO opens on July 20, 2017 and closes on July 24, 2017.
Captain Technocast IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Captain Technocast 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 Captain Technocast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Captain Technocast IPO allotment status.
The Captain Technocast IPO listing date is on Tuesday, August 1, 2017.
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