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Crown Lifters IPO is a fixed price issue of ₹6.68 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹6.68 crore.
Crown Lifters IPO bidding started from Sep 9, 2016 and ended on Sep 19, 2016. The shares got listed on NSE SME on Sep 27, 2016.
Crown Lifters IPO price is ₹121.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,21,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,42,000.
Sarthi 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 Choice Equity Broking Pvt.Ltd..
Refer to Crown Lifters IPO RHP for detailed Information.
| IPO Date | September 9, 2016 to September 19, 2016 |
| Listing Date | September 27, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,52,000 shares (aggregating up to ₹6.68 Cr) |
| Reserved for Market Maker | 28,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.3388 Cr) |
| Net Offered to Public | 5,24,000 shares (aggregating up to ₹6.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 15,30,000 shares |
| Share Holding Post Issue | 20,82,000 shares |
Crown Lifters IPO offers total 5,52,000 shares. Out of which 2,62,000 (47.46%) allocated to NII, 2,62,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 28,000 (5.07%) |
| NII (HNI) Shares Offered | 2,62,000 (47.46%) |
| Retail Shares Offered | 2,62,000 (47.46%) |
| Total Shares Offered | 5,52,000 (100.00%) |
Crown Lifters IPO opens on September 9, 2016, and closes on September 19, 2016.
| IPO Open Date | Fri, Sep 9, 2016 |
| IPO Close Date | Mon, Sep 19, 2016 |
| Tentative Listing Date | Tue, Sep 27, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 19, 2016 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,21,000 |
| Retail (Max) | 1 | 1,000 | ₹1,21,000 |
| HNI (Min) | 2 | 2,000 | ₹2,42,000 |
Incorporated in 2002, Crown Lifters Ltd. (CLL) is one of the professional construction equipment hire Companies. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal. Company has a fleet of cranes, which includes crawler cranes with lattice boom, all-terrain cranes with telescopic boom, rough terrain, pilling rigs, man lifts, etc.
CLL has contracts with customers in the duration of ranges from 3 to 12 months. The company serves refinery, power, cement, transportation, ports, and infrastructure companies. Visit chittorgarh.com for more detail. Over the last three decades it has successfully worked with some of the leaders in the engineering and construction industry like Reliance Industries Limited, Larsen & Turbo Limited, BHEL, Ultratech Cement Limited, Tata Projects Limited etc.
The Company Crown Lifters IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of KOBELCO Hydraulic Crawler Crane (Model-CKL2600i) | 6.18 |
| 2 | Issue Expenses | 0.50 |
[Dilip Davda] As infra sector is set for mega spending, companies like this will ripe benefits. Investors may invest for medium to long term rewards in this IPO. Read detail review...
| Listing Date | September 27, 2016 |
| BSE Script Code | |
| NSE Symbol | CROWN |
| ISIN | INE491V01019 |
| Final Issue Price | ₹121 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹122.80 |
| Low | ₹107.00 |
| High | ₹122.80 |
| Last Trade | ₹109.00 |
Crown Lifters Ltd.
104, Raheja Plaza,
Veera Desai Road,
Andheri (W)
Mumbai, Maharashtra, 400053
Phone: +91 22 26742122/ 2829
Email: admin@crownlifters.com
Website: http://www.crownlifters.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Crown Lifters IPO is a SME IPO of 5,52,000 equity shares of the face value of ₹10 aggregating up to ₹6.68 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on September 9, 2016, and closes on September 19, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Crown Lifters IPO using UPI as a payment gateway. Zerodha customers can apply in Crown Lifters IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Crown Lifters IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Crown Lifters IPO opens on September 9, 2016 and closes on September 19, 2016.
Crown Lifters IPO lot size is 1000, and the minimum amount required for application is ₹1,21,000.
You can apply in Crown Lifters 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 Crown Lifters IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Crown Lifters IPO allotment status.
The Crown Lifters IPO listing date is on Tuesday, September 27, 2016.
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