Bookbuilding IPO | ₹43 Cr | Listed at BSE, NSE | Thu, May 24, 2007 - Tue, May 29, 2007
Decolight Ceramics IPO is a book build issue of ₹43.46 crores. The issue is entirely a fresh issue of 0.80 crore shares of ₹43.46 crore.
Decolight Ceramics IPO bidding started from May 24, 2007 and ended on May 29, 2007. The shares got listed on BSE, NSE on Jun 19, 2007.
Decolight Ceramics IPO price band is set at ₹54 per share. The lot size for an application is 125. The minimum amount of investment required by an retail is ₹6,750 (125 shares) (based on upper price). The lot size investment for sNII is 30 lots (3,750 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (18,625 shares), amounting to ₹10,05,750.
IDBI Capital Markets Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Decolight Ceramics IPO RHP for detailed Information.
IPO Open
Thu, May 24, 2007
IPO Close
Tue, May 29, 2007
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹99.00 Cr
| IPO Date | 24 to 29 May, 2007 |
| Listed on | Tue, Jun 19, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹45 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 80,47,397 shares (agg. up to ₹43 Cr) |
| Reserved for Private Promoter | 1,66,668 shares (agg. up to ₹0.9000 Cr) |
| Fresh Issue | 78,80,729 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 78,80,729 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 1,02,88,047 shares |
| Share Holding Post Issue | 1,83,33,604 shares |
| BSE Script Code / NSE Symbol | 532858 / DECOLIGHT |
| ISIN | INE172I01012 |
Decolight Ceramics IPO comprises a total issue size of 78,78,889 shares. The net offer to the public is 77,12,221 shares, after excluding 1,66,668 shares allotted on a firm basis. Of the Net offer 39,39,443 (50.00%) are allocated to QIB, 11,81,834 (15.00%) allocated to NII 27,57,612 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 39,39,443 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 11,81,834 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 27,57,612 | 35.00% | 35.00% | 22,060 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 1,66,668 | 2.12% | NA | |
| Total Shares Offered | 78,78,889 | 100.00% | 100.00% | |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹6,750 |
| Retail (Max) | 29 | 3,625 | ₹1,95,750 |
| S-HNI (Min) | 30 | 3,750 | ₹2,02,500 |
| S-HNI (Max) | 148 | 18,500 | ₹9,99,000 |
| B-HNI (Min) | 149 | 18,625 | ₹10,05,750 |
Incorporated in 2004, Decolight Ceramics Limited is in the business of manufacturing Vitrified Ceramic Tiles used as floor tiles. Decolight is among the fastest growing company in this field.
Promoter of this Decolight Ceramics Mr. Girishkumar is Chairman of Indian Council of Ceramic Tiles and Sanitary wares Association (ICCTAS) and President of Gujarat Ceramic Tiles Manufacturers Association.
Brand: Granolite
Vitrified Ceramic Tiles are used as floor tiles in Residential complexes, Commercial complexes (SEZ’s, I.T. Parks, Airports, Hotels, Web Worlds, Call Centres etc.) and Retail spaces (Shopping Malls, Multiplexes etc.). They are quite popular these days as they cost one fourth of Italian Marble. They look elegant like marble and are available in excellent quality and durability.
| 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 | To expand the capacity of manufacture of vitrified tiles from 6000 sq.meters 1265.00 per day to 12000 sq. meters per day | 12.65 |
| 2 | To establish manufacturing facilities of aluminum composite panels(ACP) | 3.35 |
| 3 | To set up 4.6 MW wind turbine generators (WTG) | 23.25 |
| 4 | Additional office & factory buildings and godowns | 6.40 |
| 5 | Other fixed assets / GEB Deposit & Line charges, extra space etc | 2.35 |
| 6 | Margin money for Working capital requirements | 11.00 |
| 7 | To meet the issue expenses | 3.50 |
| KPI | |
|---|---|
| RoNW | 25.95% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 86.76% | 49.6% |
| Market Cap | ₹99.00 Cr. |
The Decolight IPO is subscribed 1.53 times on May 29, 2007 5:00:00 PM (Day 4). The public issue subscribed 3.1 times in the retail category, 0.26 times in the QIB category, and 2.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹54.00 | ₹54.00 |
| Open | ₹57.00 | ₹70.00 |
| Low | ₹43.50 | ₹43.50 |
| High | ₹65.90 | ₹70.00 |
| Last Trade | ₹44.50 | ₹44.65 |
Lead Manager Reports
Decolight Ceramics IPO is a main-board IPO of 80,47,397 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 125.
The IPO opens on Thu, May 24, 2007, and closes on Tue, May 29, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Decolight Ceramics IPO using UPI as a payment gateway. Zerodha customers can apply in Decolight Ceramics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Decolight Ceramics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Decolight Ceramics IPO opens on Thu, May 24, 2007 and closes on Tue, May 29, 2007.
Decolight Ceramics IPO lot size is 125, and the minimum amount required for application is ₹6,750.
You can apply in Decolight Ceramics 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 Decolight Ceramics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Decolight Ceramics IPO allotment status.
The Decolight Ceramics IPO listing date is on Tue, Jun 19, 2007.
