Fixed Price IPO | ₹15 Cr | Listed at BSE | Thu, Sep 27, 2007 - Fri, Oct 5, 2007
Circuit Systems IPO is a fixed price issue of ₹14.86 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹14.86 crore.
Circuit Systems IPO bidding started from Sep 27, 2007 and ended on Oct 5, 2007. The shares got listed on BSE on Nov 2, 2007.
Circuit Systems IPO price is ₹35 per share.
Centrum Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Circuit Systems IPO RHP for detailed Information.
IPO Open
Thu, Sep 27, 2007
IPO Close
Fri, Oct 5, 2007
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹42.00 Cr
| IPO Date | 27 Sep to 5 Oct, 2007 |
| Listed on | Fri, Nov 2, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 42,44,810 shares (agg. up to ₹15 Cr) |
| Reserved for Private Promoter | 12,44,810 shares (agg. up to ₹4 Cr) |
| Fresh Issue | 30,00,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 30,00,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 77 shares |
| Share Holding Post Issue | 1,20,00,000 shares |
| BSE Script Code | 532913 |
| ISIN | INE720H01010 |
Circuit Systems IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 17,55,190 shares, after excluding 12,44,810 shares allotted on a firm basis. Of the Net offer 15,00,000 (50.00%) allocated to NII 15,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,00,000 | 50.00% | 50.00% |
| Retail Shares Offered | 15,00,000 | 50.00% | 50.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 12,44,810 | 41.49% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Incorporated in 1995, Circuit Systems (India) Limited (CSIL) is in the business of manufacturing Printed Circuit Boards (PCB). CSIL has around 10 years of experience in manufacturing PCB's. CSIL's manufacturing plant is located at Gandhinagar, Gujrat.
PCB's are one of the leading components which are used for manufacturing any electronic hardware product. PCB's are commonly use in high-tech mobile phones, computer, automobiles, Radars and submarine controls and electronic toys.
Major sectors using PCB's are Consumer electronics, Computer and peripherals, Telecommunication, Automobiles, Process controls, Defense and Industrial Electronics Industries. Company also export PCB's to Belgium, USA, Italy, Newzeland etc. countries. Revenue from the exports in year 2006-2007 was Rs 880.91 lakhs.
CSIL focused on high technology boards like PCB’s with 4 mil standards, lead free finishes, MCL with complex designs etc., which gives it edge over competitor.
| 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 | Fund the Capital Expenditure for expanding capacity from 84000 Sq Mtrs of PCB to 150000 sq Mtrs of PCB. | 18.43 |
| 2 | Acquisitions of Companies/Business in the same line of activity. | 2.00 |
| 3 | Fund the Working Capital Margin requirement. | 4.00 |
| 4 | To Meet the expenses related to the issue. | 0.80 |
| KPI | |
|---|---|
| RoNW | 14.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 65.09% | 52.43% |
| Market Cap | ₹42.00 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 | Lead Manager’s Fees | 0.15 |
| 2 | Registrar to the issue Fees | 0.03 |
| 3 | Legal Advisor to the issue & Consulting Fees | 0.06 |
| 4 | Brokerage and Selling Commission | 0.11 |
| 5 | Advertising & Marketing Expenses | 0.15 |
| 6 | Printing & Stationery/Despatch | 0.14 |
| 7 | Other Expenses (listing fees, Depository charges etc.) | 0.17 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹42.00 |
| Low | ₹40.05 |
| High | ₹59.00 |
| Last Trade | ₹43.50 |
Lead Manager Reports
Circuit Systems IPO is a main-board IPO of 42,44,810 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .
The IPO opens on Thu, Sep 27, 2007, and closes on Fri, Oct 5, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Circuit Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Circuit Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Circuit Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Circuit Systems IPO opens on Thu, Sep 27, 2007 and closes on Fri, Oct 5, 2007.
Circuit Systems IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Circuit Systems 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 Circuit Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Circuit Systems IPO allotment status.
The Circuit Systems IPO listing date is on Fri, Nov 2, 2007.
