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Commercial Syn Bags IPO is a fixed price issue of ₹7.66 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹7.66 crore.
Commercial Syn Bags IPO bidding started from Jun 30, 2016 and ended on Jul 5, 2016. The shares got listed on BSE SME on Jul 14, 2016.
Commercial Syn Bags IPO price is ₹24.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,88,000.
Pantomath 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 Rikhav Securities Ltd..
Refer to Commercial Syn Bags IPO RHP for detailed Information.
| IPO Date | June 30, 2016 to July 5, 2016 |
| Listing Date | July 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 31,92,000 shares (aggregating up to ₹7.66 Cr) |
| Reserved for Market Maker | 1,68,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.4032 Cr) |
| Net Offered to Public | 30,24,000 shares (aggregating up to ₹7.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 86,25,400 shares |
| Share Holding Post Issue | 1,18,17,400 shares |
Commercial Syn Bags IPO offers total 31,92,000 shares. Out of which 15,12,000 (47.37%) allocated to NII, 15,12,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,68,000 (5.26%) |
| NII (HNI) Shares Offered | 15,12,000 (47.37%) |
| Retail Shares Offered | 15,12,000 (47.37%) |
| Total Shares Offered | 31,92,000 (100.00%) |
Commercial Syn Bags IPO opens on June 30, 2016, and closes on July 5, 2016.
| IPO Open Date | Thu, Jun 30, 2016 |
| IPO Close Date | Tue, Jul 5, 2016 |
| Tentative Listing Date | Thu, Jul 14, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 5, 2016 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1993, Commercial Syn Bags Limited is engaged in manufacturing of plastic and laminated coated bags. Information in this paragraph is copied from chittorgarh.com.They are one of the leading manufacturer and exporter of FIBC / Big Bag, PP Fabric, PP Woven Bag, BOPP Bags and Tarpaulin in India.
Commercial Syn Bags produce 4-5 million Big Bags annually. Content in this paragraph is copied from chittorgarh.com.Company's product profile includes Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags.
| KPI | Values |
|---|---|
| RoNW | 22.99% |
The objects of the issue are to:
1. Repayment/Prepayment os certain borrowings availed by the company;
2. Working capital requirements.
[Dilip Davda] Justifiably priced IPO is worth considering by investors with surplus cash for long term investment. Read detail review...
| Listing Date | July 14, 2016 |
| BSE Script Code | 539986 |
| NSE Symbol | COMSYN |
| ISIN | INE073V01015 |
| Final Issue Price | ₹24 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹28.80 |
| Low | ₹28.80 |
| High | ₹28.80 |
| Last Trade | ₹28.80 |
Commercial Syn Bags Ltd.
34 Jaora Compound,
M Y Road,
Indore - 452001
Indore, Madhya Pradesh
Phone: 0731-4279525/26
Email: comsyn@comsyn.com
Website: http://www.comsyn.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Commercial Syn Bags IPO is a SME IPO of 31,92,000 equity shares of the face value of ₹10 aggregating up to ₹7.66 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on June 30, 2016, and closes on July 5, 2016.
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 Commercial Syn Bags IPO using UPI as a payment gateway. Zerodha customers can apply in Commercial Syn Bags IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Commercial Syn Bags IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Commercial Syn Bags IPO opens on June 30, 2016 and closes on July 5, 2016.
Commercial Syn Bags IPO lot size is 6000, and the minimum amount required for application is ₹1,44,000.
You can apply in Commercial Syn Bags 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 Syn Bags IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Commercial Syn Bags IPO allotment status.
The Commercial Syn Bags IPO listing date is on Thursday, July 14, 2016.
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