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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 ₹127.00 per share . The lot size for an application is 55. The minimum amount of investment required by an retail is ₹6,875 (55 shares). 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 Date | September 30, 2010 to October 5, 2010 |
| Listing Date | October 18, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹125 to ₹127 per share |
| Issue Price Final | ₹127 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,35,75,831 shares (aggregating up to ₹172.41 Cr) |
| Fresh Issue | 1,20,47,244 shares (aggregating up to ₹153.00 Cr) |
| Offer for Sale | 15,28,587 shares of ₹10 (aggregating up to ₹19.41 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,28,95,720 shares |
| Share Holding Post Issue | 5,49,42,964 shares |
Commercial Engineers IPO offers total 1,35,75,831 shares. Out of which 81,45,499 (60.00%) allocated to QIB, 57,01,850 (42.00%) allocated to QIB, 13,57,583 (10.00%) allocated to NII, 40,72,749 (30.00%) allocated to RII and 24,43,649 (18.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Commercial Engineers IPO opens on September 30, 2010, and closes on October 5, 2010.
| IPO Open Date | Thu, Sep 30, 2010 |
| IPO Close Date | Tue, Oct 5, 2010 |
| Tentative Listing Date | Mon, Oct 18, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 5, 2010 |
Investors can bid for a minimum of 55 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 26.97% |
The Company Commercial Engineers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital expenditure for the Railway Project | 803.06 |
| 2 | Prepayment of Identified Loan Facilities | 590.51 |
| 3 | General corporate purposes | 24.78 |
| Listing Date | October 18, 2010 |
| BSE Script Code | 533272 |
| NSE Symbol | JWL |
| ISIN | INE209L01016 |
| Final Issue Price | ₹127 per share |
| BSE Listing Group | B |
Commercial Engineers & Body Builders Co.Ltd.
84/105-A, G. T. Road, Kanpur Mahanagar
Kanpur - 208 003,
Uttar Pradesh, India
Kanpur, Uttar Pradesh
Phone: +91 512 2521 571
Email: cs@cebbco.com
Website: http://www.cebbco.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cebbco.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Commercial Engineers IPO is a main-board IPO of 1,35,75,831 equity shares of the face value of ₹10 aggregating up to ₹172.41 Crores. The issue is priced at ₹127 per share. The minimum order quantity is 55.
The IPO opens on September 30, 2010, and closes on October 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 September 30, 2010 and closes on October 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 Monday, October 18, 2010.
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