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Cox & Kings IPO is a book build issue of ₹610.39 crores. The issue is a combination of fresh issue of 1.55 crore shares aggregating to ₹509.85 crores and offer for sale of 0.30 crore shares aggregating to ₹100.54 crores.
Cox & Kings IPO bidding started from Nov 18, 2009 and ended on Nov 20, 2009. The shares got listed on BSE, NSE on Dec 11, 2009.
Cox & Kings IPO price band is set at ₹330.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,320 (20 shares). The lot size investment for sNII is 31 lots (620 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (3,040 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
IIFL Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Cox & Kings IPO RHP for detailed Information.
| IPO Date | November 18, 2009 to November 20, 2009 |
| Listing Date | December 11, 2009 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹316 to ₹330 per share |
| Issue Price Final | ₹330 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,84,96,640 shares (aggregating up to ₹610.39 Cr) |
| Fresh Issue | 1,54,50,000 shares (aggregating up to ₹509.85 Cr) |
| Offer for Sale | 30,46,640 shares of ₹10 (aggregating up to ₹100.54 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,74,72,942 shares |
| Share Holding Post Issue | 6,29,22,942 shares |
Cox and Kings IPO offers total 1,84,96,640 shares. Out of which 91,48,320 (49.46%) allocated to QIB, 64,03,840 (34.62%) allocated to QIB, 27,44,496 (14.84%) allocated to NII, 64,03,824 (34.62%) allocated to RII and 27,44,480 (14.84%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 91,48,320 (49.46%) | NA |
| − Anchor Investor Shares Offered | 27,44,480 (14.84%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 64,03,840 (34.62%) | NA |
| NII (HNI) Shares Offered | 27,44,496 (14.84%) | NA |
| Retail Shares Offered | 64,03,824 (34.62%) | 3,20,191 |
| Employee Shares Offered | 2,00,000 (1.08%) | NA |
| Total Shares Offered | 1,84,96,640 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Cox & Kings IPO opens on November 18, 2009, and closes on November 20, 2009.
| IPO Open Date | Wed, Nov 18, 2009 |
| IPO Close Date | Fri, Nov 20, 2009 |
| Tentative Listing Date | Fri, Dec 11, 2009 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 20, 2009 |
Investors can bid for a minimum of 20 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 | 20 | ₹6,600 |
| Retail (Max) | 30 | 600 | ₹1,98,000 |
| S-HNI (Min) | 31 | 620 | ₹2,04,600 |
| S-HNI (Max) | 151 | 3,020 | ₹9,96,600 |
| B-HNI (Min) | 152 | 3,040 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1939, Cox and Kings (India) Ltd is one of the India’s largest tour and travel operator. Company design travel packages for both individuals and groups for their domestic and international travel.
Cox provides end to end travel solutions including land, air and cruise bookings, hotel bookings, in-transit arrangements, local sightseeing, visa, passport and medical insurance assistance and such other destination management services. They also provide value added services viz., customising travel plans for NRI customers, travel arrangements for Trade Fairs, providing private air charter services, etc.
Company's headquarter is in Mumbai and has the status of a limited company. It has over 14 fully owned offices in India across key cities such as Mumbai, New Delhi, Chennai, Bangalore, Kolkata, Ahmedabad, Kochi, Hyderabad, Pune, Goa, Nagpur and Jaipur. The worldwide offices are located in UK, USA, Japan, Russia, Singapore and Dubai. It has associate offices in Germany, Italy, Spain, South Africa, Sweden and Australia.
| Particulars | For the year/period ended (Rs. in Millions) | |||||
| 30-June-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 634.25 | 1,613.71 | 1,221.39 | 915.13 | 657.45 | 455.18 |
| Profit After Tax (PAT) | 204.27 | 381.76 | 320.63 | 215.16 | 107.76 | 106.42 |
| KPI | Values |
|---|---|
| RoNW | 27.53% |
The Company Cox and Kings 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 | Repayment of Loans | 1,296.00 |
| 2 | Acquisitions & Other Strategic Initiatives | 1,500.00 |
| 3 | Investment in Overseas Subsidiaries | 625.00 |
| 4 | Investment in Corporate Office & Upgrading our existing Operations | 600.00 |
| 5 | General Corporate Purposes | 500.00 |
| 6 | Meeting Fresh Issue related Expenses | 578.00 |
CARE has assigned an IPO Grade 4 to Cox and Kings (India) Ltd IPO. This means as per CARE, company has above average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download CARE rating document.
| Listing Date | December 11, 2009 |
| BSE Script Code | 533144 |
| NSE Symbol | COX&KINGS |
| ISIN | INE008I01026 |
| Final Issue Price | ₹330 per share |
| BSE Listing Group | B |
Cox & Kings (India) Ltd.
Turner Morrison Building,
1st Floor,
16 Bank Street, Fort,
Mumbai, Maharashtra, 400001
Phone: +91-22-2270 9100
Email: ipo@coxandkings.com
Website: http://www.coxandkings.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cnk.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Cox & Kings IPO is a main-board IPO of 1,84,96,640 equity shares of the face value of ₹10 aggregating up to ₹610.39 Crores. The issue is priced at ₹330 per share. The minimum order quantity is 20.
The IPO opens on November 18, 2009, and closes on November 20, 2009.
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 Cox & Kings IPO using UPI as a payment gateway. Zerodha customers can apply in Cox & Kings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cox & Kings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cox & Kings IPO opens on November 18, 2009 and closes on November 20, 2009.
Cox & Kings IPO lot size is 20, and the minimum amount required for application is ₹6,600.
You can apply in Cox & Kings 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 Cox & Kings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Cox & Kings IPO allotment status.
The Cox & Kings IPO listing date is on Friday, December 11, 2009.
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