Bookbuilding IPO | ₹610 Cr | Listed at BSE, NSE | Wed, Nov 18, 2009 - Fri, Nov 20, 2009
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,600 (20 shares) (based on upper price). 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 Open
Wed, Nov 18, 2009
IPO Close
Fri, Nov 20, 2009
Issue Price
₹330 per share
Market Cap (Pre-IPO)
₹2,076.46 Cr
| IPO Date | 18 to 20 Nov, 2009 |
| Listed on | Fri, Dec 11, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹316 to ₹330 |
| Issue Price | ₹330 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,84,96,640 shares (agg. up to ₹610 Cr) |
| Fresh Issue | 1,54,50,000 shares (agg. up to ₹510 Cr) |
| Offer for Sale | 30,46,640 shares of ₹10 (agg. up to ₹101 Cr) |
| Share Holding Pre Issue | 4,74,72,942 shares |
| Share Holding Post Issue | 6,29,22,942 shares |
| BSE Script Code / NSE Symbol | 533144 / COX&KINGS |
| ISIN | INE008I01026 |
Cox & Kings IPO comprises a total issue size of 1,84,96,640 shares. The net offer to the public is 1,82,96,640 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 91,48,320 (50.00%) are allocated to QIB, 27,44,496 (15.00%) allocated to NII 64,03,824 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 91,48,320 | 50.00% | 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 | 15.00% | 14.84% | NA |
| Retail Shares Offered | 64,03,824 | 35.00% | 34.62% | 3,20,191 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 1.08% | NA | |
| Total Shares Offered | 1,84,96,640 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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 |
| 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 |
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.
| 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 | Repayment of Loans | 129.60 |
| 2 | Acquisitions & Other Strategic Initiatives | 150.00 |
| 3 | Investment in Overseas Subsidiaries | 62.50 |
| 4 | Investment in Corporate Office & Upgrading our existing Operations | 60.00 |
| 5 | General Corporate Purposes | 50.00 |
| 6 | Meeting Fresh Issue related Expenses | 57.80 |
| KPI | |
|---|---|
| RoNW | 27.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 84.3% | 63.6% |
| Market Cap | ₹2,076.46 Cr. |
The Cox and Kings IPO is subscribed 6.31 times on November 20, 2009 5:00:00 PM (Day 3). The public issue subscribed 0.98 times in the retail category, 9.95 times in the QIB category, and 10.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.95 | 64,03,840 | |
| NII | 10.7 | 27,44,496 | |
| Retail | 0.98 | 64,03,824 | |
| Employee | 0.11 | 2,00,000 | |
| Total | 6.31 | 1,57,52,160 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees (Lead management, underwriting and selling commission) | 26.73 |
| 2 | Advertisement & Marketing expenses | 20.20 |
| 3 | Printing, Stationery & Distribution Expenses | 7.94 |
| 4 | Regulatory Fees (including Listing Fees and fees payable to SEBI & Stock Exchanges) | 3.05 |
| 5 | SCSB’s commission | 0.20 |
| 6 | IPO Grading Expenses | 0.10 |
| 7 | Others (Legal Advisor Fees, Auditors’ Fee, Registrar’s Fee, etc.) | 3.97 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹330.00 | ₹330.00 |
| Open | ₹304.10 | ₹343.20 |
| Low | ₹304.10 | ₹343.20 |
| High | ₹433.45 | ₹433.90 |
| Last Trade | ₹426.05 | ₹425.40 |
Lead Manager Reports
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 Crores. The issue is priced at ₹330 per share. The minimum order quantity is 20.
The IPO opens on Wed, Nov 18, 2009, and closes on Fri, Nov 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 Wed, Nov 18, 2009 and closes on Fri, Nov 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 Fri, Dec 11, 2009.
