Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Wed, Jan 15, 2014 - Fri, Jan 17, 2014
Chemtech Industrial Valves IPO is a fixed price issue of ₹7.45 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹7.45 crore.
Chemtech Industrial Valves IPO bidding started from Jan 15, 2014 and ended on Jan 17, 2014. The shares got listed on BSE SME on Jan 31, 2014.
Chemtech Industrial Valves 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.
Choice Capital Advisors Pvt.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 Choice Equity Broking Pvt.Ltd..
Refer to Chemtech Industrial Valves IPO RHP for detailed Information.
IPO Open
Wed, Jan 15, 2014
IPO Close
Fri, Jan 17, 2014
Issue Price
₹15 per share
Market Cap (Pre-IPO)
₹17.21 Cr
| IPO Date | 15 to 17 Jan, 2014 |
| Listed on | Fri, Jan 31, 2014 |
| 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 | 49,68,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 2,80,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.4200 Cr) |
| Fresh Issue (Ex Market Maker) | 46,88,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 46,88,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 65,19,333 shares |
| Share Holding Post Issue | 1,14,71,333 shares |
| BSE Script Code | 537326 |
| ISIN | INE212P01011 |
Chemtech Industrial Valves IPO comprises a total issue size of 49,52,000 shares. The net offer to the public is 46,72,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 23,36,000 (50.00%) allocated to NII 23,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,36,000 | 50.00% | 47.17% |
| Retail Shares Offered | 23,36,000 | 50.00% | 47.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,80,000 | 5.65% | |
| Total Shares Offered | 49,52,000 | 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 1997, Chemtech Industrial Valves Ltd is an ISO 9001-2008 certified company, is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types & sizes ranging from 15mm up to 4000mm. They manufacture and supply various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry. They also supply their products to customers in the oil and gas (including petro-chemical) industry, infrastructure (including pipelines), process industries (including pharmaceuticals, chemicals, intermediaries and fertilizers), nuclear space and defence industry.
Company is a manufacturer of high quality valves. They have their manufacturing facilities at Wada, to suit most of the piping related requirements. Most of their valves are tailor made to meet customers’ specific requirements.
| 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 | Purchase of Plant & Machinery | 3.32 |
| 2 | Interiors of Corporate office at Thane | 1.09 |
| 3 | Incremental Working Capital Requirement | 2.93 |
| 4 | General Corporate Purposes | 0.60 |
| Total | 7.94 |
| KPI | |
|---|---|
| RoNW | 21.62% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 56.83% |
| Market Cap | ₹17.21 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, market making fees, selling commissions, underwriting, SCSB commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers, etc and other out of pocket expenses | 0.38 |
| 2 | Printing and Stationary and postage expenses | 0.04 |
| 3 | Advertising and Marketing expenses | 0.04 |
| 4 | Other Expenses | 0.07 |
| Total | 0.53 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹15.00 |
| Open | ₹14.70 |
| Low | ₹14.25 |
| High | ₹15.30 |
| Last Trade | ₹14.95 |
Lead Manager Reports
Chemtech Industrial Valves IPO is a SME IPO of 49,68,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹15 per share. The minimum order quantity is 8000.
The IPO opens on Wed, Jan 15, 2014, and closes on Fri, Jan 17, 2014.
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 Chemtech Industrial Valves IPO using UPI as a payment gateway. Zerodha customers can apply in Chemtech Industrial Valves IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemtech Industrial Valves IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemtech Industrial Valves IPO opens on Wed, Jan 15, 2014 and closes on Fri, Jan 17, 2014.
Chemtech Industrial Valves IPO lot size is 8000, and the minimum amount required for application is ₹1,20,000.
You can apply in Chemtech Industrial Valves 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 Chemtech Industrial Valves IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Chemtech Industrial Valves IPO allotment status.
The Chemtech Industrial Valves IPO listing date is on Fri, Jan 31, 2014.
