Bookbuilding IPO | ₹172 Cr | Listed at BSE, NSE | Thu, Sep 30, 2010 - Tue, Oct 5, 2010
Commercial Engineers IPO is a book build issue of ₹172.41 crores. The issue is a combination of fresh issue of 1.20 crore shares aggregating to ₹153.00 crores and offer for sale of 0.15 crore shares aggregating to ₹19.41 crores.
Commercial Engineers IPO bidding started from Sep 30, 2010 and ended on Oct 5, 2010. The shares got listed on BSE, NSE on Oct 18, 2010.
Commercial Engineers IPO price band is set at ₹127 per share. The lot size for an application is 55. The minimum amount of investment required by an retail is ₹6,985 (55 shares) (based on upper price). The lot size investment for sNII is 29 lots (1,595 shares), amounting to ₹2,02,565, and for bNII, it is 144 lots (7,920 shares), amounting to ₹10,05,840.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Commercial Engineers IPO RHP for detailed Information.
IPO Open
Thu, Sep 30, 2010
IPO Close
Tue, Oct 5, 2010
Issue Price
₹127 per share
Market Cap (Pre-IPO)
₹697.78 Cr
| IPO Date | 30 Sep to 5 Oct, 2010 |
| Listed on | Mon, Oct 18, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹127 |
| Issue Price | ₹127 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,35,75,831 shares (agg. up to ₹172 Cr) |
| Fresh Issue | 1,20,47,244 shares (agg. up to ₹153 Cr) |
| Offer for Sale | 15,28,587 shares of ₹10 (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 4,28,95,720 shares |
| Share Holding Post Issue | 5,49,42,964 shares |
| BSE Script Code / NSE Symbol | 533272 / JWL |
| ISIN | INE209L01016 |
Commercial Engineers IPO comprises a total issue size of 1,35,75,831 shares. Out of which, 81,45,499 (60.00%) are allocated to QIB, 13,57,583 (10.00%) allocated to NII 40,72,749 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 81,45,499 | 60.00% | NA |
| − Anchor Investor Shares Offered | 24,43,649 | 18.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 57,01,850 | 42.00% | NA |
| NII (HNI) Shares Offered | 13,57,583 | 10.00% | NA |
| Retail Shares Offered | 40,72,749 | 30.00% | 74,049 |
| Total Shares Offered | 1,35,75,831 | 100.00% |
Investors can bid for a minimum of 55 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹6,985 |
| Retail (Max) | 28 | 1,540 | ₹1,95,580 |
| S-HNI (Min) | 29 | 1,595 | ₹2,02,565 |
| S-HNI (Max) | 143 | 7,865 | ₹9,98,855 |
| B-HNI (Min) | 144 | 7,920 | ₹10,05,840 |
Incorporated in 1979, Commercial Engineers & Body Builders Co Limited is the producer of vehicle and locomotive bodies for diverse applications for road and railways transportation.
Company is one of the leading designers and manufacturers in India of vehicle bodies for the commercial vehicles industry with an extensive portfolio of product offerings. Company also conducts refurbishment of railway wagons as well as manufacturing of components for railway wagons, coaches and locomotives.
| 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 | Capital expenditure for the Railway Project | 80.31 |
| 2 | Prepayment of Identified Loan Facilities | 59.05 |
| 3 | General corporate purposes | 2.48 |
| KPI | |
|---|---|
| RoNW | 26.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 67.19% | 52.45% |
| Market Cap | ₹697.78 Cr. |
The Commercial Engineers IPO is subscribed 2.07 times on October 5, 2010 5:00:00 PM (Day 4). The public issue subscribed 0.38 times in the retail category, 3.68 times in the QIB category, and 0.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.68 | 58,17,503 | |
| NII | 0.34 | 13,76,859 | |
| Retail | 0.38 | 41,30,576 | |
| Total | 2.07 | 1,13,24,938 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Managers, underwriting and selling commission (including commission to SCSBs for ASBA commission) | 5.96 |
| 2 | Fees payable to the Registrar to the Issue | 0.08 |
| 3 | Fees payable to the legal advisor | 0.70 |
| 4 | Fees payable to Bankers to the Issue | |
| 5 | Other Expenses (Printing and stationary, distribution and postage, advertisement and marketing expense etc.) | 4.81 |
| 6 | IPO Grading expenses | 0.04 |
| 7 | Others –SEBI filingfees, bidding software, listing fees etc | 0.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹127.00 | ₹127.00 |
| Open | ₹122.80 | ₹119.00 |
| Low | ₹106.30 | ₹106.35 |
| High | ₹144.80 | ₹142.55 |
| Last Trade | ₹112.25 | ₹112.90 |
Lead Manager Reports
Commercial Engineers IPO is a main-board IPO of 1,35,75,831 equity shares of the face value of ₹10 aggregating up to ₹172 Crores. The issue is priced at ₹127 per share. The minimum order quantity is 55.
The IPO opens on Thu, Sep 30, 2010, and closes on Tue, Oct 5, 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 Commercial Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Commercial Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Commercial Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Commercial Engineers IPO opens on Thu, Sep 30, 2010 and closes on Tue, Oct 5, 2010.
Commercial Engineers IPO lot size is 55, and the minimum amount required for application is ₹6,985.
You can apply in Commercial Engineers 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 Commercial Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Commercial Engineers IPO allotment status.
The Commercial Engineers IPO listing date is on Mon, Oct 18, 2010.
