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Emkay Taps IPO is a fixed price issue of ₹15.55 crores. The issue is entirely an offer for sale of 0.05 crore shares of ₹15.55 crore.
Emkay Taps IPO bidding started from Jul 27, 2015 and ended on Jul 30, 2015. The shares got listed on BSE SME on Aug 31, 2015.
Emkay Taps IPO price is ₹330.00 per share . The lot size for an application is 400. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (400 shares). The minimum lot size investment for HNI is 2 lots (800 shares), amounting to ₹2,64,000.
Hem Securities 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 Hem Finlease Pvt.Ltd..
Refer to Emkay Taps IPO RHP for detailed Information.
| IPO Date | July 27, 2015 to July 30, 2015 |
| Listing Date | August 31, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹330 per share |
| Lot Size | 400 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 4,71,200 shares (aggregating up to ₹15.55 Cr) |
| Reserved for Market Maker | 24,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.7920 Cr) |
| Net Offered to Public | 4,47,200 shares (aggregating up to ₹14.76 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 17,78,550 shares |
| Share Holding Post Issue | 17,78,550 shares |
Emkay Taps IPO offers total 4,71,200 shares. Out of which 2,23,600 (47.45%) allocated to NII, 2,23,600 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 24,000 (5.09%) |
| NII (HNI) Shares Offered | 2,23,600 (47.45%) |
| Retail Shares Offered | 2,23,600 (47.45%) |
| Total Shares Offered | 4,71,200 (100.00%) |
Emkay Taps IPO opens on July 27, 2015, and closes on July 30, 2015.
| IPO Open Date | Mon, Jul 27, 2015 |
| IPO Close Date | Thu, Jul 30, 2015 |
| Tentative Listing Date | Mon, Aug 31, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 30, 2015 |
Investors can bid for a minimum of 400 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 | 400 | ₹1,32,000 |
| Retail (Max) | 1 | 400 | ₹1,32,000 |
| HNI (Min) | 2 | 800 | ₹2,64,000 |
Incorporated in 1995, Emkay Taps and Cutting Tools Limited is Nagpur based manufacturer of machine tools, auto component and cutting tools. Emkay Taps also involve in power generation through its wind mills in Rajasthan and Karnataka.
Company is specialized in cutting tool designs and production and have clients from India as well as US.
[Dilip Davda] Emkay Taps is a long term bet. The EPS stands at Rs. 58.26 translating in to asking price at a P/E of 6. Its asking price is at a P/E of 10+. Thus the issue appears justifiably priced. Read detail review...
| Listing Date | August 31, 2015 |
| BSE Script Code | |
| NSE Symbol | EMKAYTOOLS |
| ISIN | INE332S01011 |
| Final Issue Price | ₹330 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹330.00 |
| Open | ₹334.00 |
| Low | ₹332.00 |
| High | ₹335.50 |
| Last Trade | ₹333.05 |
Emkay Taps & Cutting Tools Ltd.
Plot No. B-27 and B-27/1,
M.I.D.C. Hingna,
Industrial Estate,
Nagpur, Maharashtra, 440016
Phone: +91 7104 237363
Email: investors@emkaytapsandtools.com
Website: http://emkaytapsandtools.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Emkay Taps IPO is a SME IPO of 4,71,200 equity shares of the face value of ₹10 aggregating up to ₹15.55 Crores. The issue is priced at ₹330 per share. The minimum order quantity is 400.
The IPO opens on July 27, 2015, and closes on July 30, 2015.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Emkay Taps IPO using UPI as a payment gateway. Zerodha customers can apply in Emkay Taps IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Emkay Taps IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Emkay Taps IPO opens on July 27, 2015 and closes on July 30, 2015.
Emkay Taps IPO lot size is 400, and the minimum amount required for application is ₹1,32,000.
You can apply in Emkay Taps 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 Emkay Taps IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Emkay Taps IPO allotment status.
The Emkay Taps IPO listing date is on Monday, August 31, 2015.
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