Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Jul 20, 2017 - Mon, Jul 24, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 20, 2017
IPO Close
Mon, Jul 24, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹20.42 Cr
| IPO Date | 20 to 24 Jul, 2017 |
| Listed on | Tue, Aug 1, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,25,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 75,000 shares Hem Securities Ltd. (agg. up to ₹0.3000 Cr) |
| Fresh Issue (Ex Market Maker) | 7,50,000 shares (agg. up to ₹3 Cr) |
| Offer for Sale | 6,00,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 13,50,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 42,80,025 shares |
| Share Holding Post Issue | 51,05,025 shares |
| BSE Script Code | 540652 |
| ISIN | INE931X01010 |
Captain Technocast IPO comprises a total issue size of 14,25,000 shares. The net offer to the public is 13,50,000 shares, after excluding 75,000 shares allotted on a firm basis. Of the Net offer 6,75,000 (50.00%) allocated to NII 6,75,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,75,000 | 50.00% | 47.37% |
| Retail Shares Offered | 6,75,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 75,000 | 5.26% | |
| Total Shares Offered | 14,25,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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
| 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 Working Capital Requirement | 2.98 |
| 2 | General Corporate Expenses | 0.16 |
The Captain Technocast IPO is subscribed [.] times on July 24, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 7,12,500 | 70,29,000 |
| Retail | [.] | 7,12,500 | 1,26,84,000 |
| Total | [.] | 14,25,000 | 1,97,64,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.21 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Statutory expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹47.40 |
| Low | ₹47.40 |
| High | ₹48.50 |
| Last Trade | ₹48.50 |
Lead Manager Reports
Captain Technocast IPO is a SME IPO of 14,25,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Jul 20, 2017, and closes on Mon, Jul 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 Thu, Jul 20, 2017 and closes on Mon, Jul 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 Tue, Aug 1, 2017.
