Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Fri, Sep 9, 2016 - Mon, Sep 19, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 9, 2016
IPO Close
Mon, Sep 19, 2016
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹25.19 Cr
| IPO Date | 9 to 19 Sep, 2016 |
| Listed on | Tue, Sep 27, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 5,52,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 28,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.3388 Cr) |
| Fresh Issue (Ex Market Maker) | 5,24,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 5,24,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 15,30,000 shares |
| Share Holding Post Issue | 20,82,000 shares |
| NSE Symbol | CROWN |
| ISIN | INE491V01019 |
Crown Lifters IPO comprises a total issue size of 5,52,000 shares. The net offer to the public is 5,24,000 shares, after excluding 28,000 shares allotted on a firm basis. Of the Net offer 2,62,000 (50.00%) allocated to NII 2,62,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,62,000 | 50.00% | 47.46% |
| Retail Shares Offered | 2,62,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 28,000 | 5.07% | |
| Total Shares Offered | 5,52,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| 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 | Purchase of KOBELCO Hydraulic Crawler Crane (Model-CKL2600i) | 6.18 |
| 2 | Issue Expenses | 0.50 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.41 |
| 2 | Regulatory Fees & Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹122.80 |
| Low | ₹107.00 |
| High | ₹122.80 |
| Last Trade | ₹109.00 |
Lead Manager Reports
Crown Lifters IPO is a SME IPO of 5,52,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Sep 9, 2016, and closes on Mon, Sep 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 Fri, Sep 9, 2016 and closes on Mon, Sep 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 Tue, Sep 27, 2016.
