Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Mon, Aug 29, 2022 - Mon, Sep 5, 2022
EP Biocomposites IPO is a fixed price issue of ₹6.35 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹6.35 crore.
EP Biocomposites IPO bidding started from Aug 29, 2022 and ended on Sep 5, 2022. The allotment for EP Biocomposites IPO was finalized on Sep 8, 2022. The shares got listed on BSE SME on Sep 13, 2022.
EP Biocomposites IPO price is ₹126 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,52,000.
Aryaman Financial Services 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 Aryaman Capital Markets Ltd..
Refer to EP Biocomposites IPO RHP for detailed Information.
IPO Open
Mon, Aug 29, 2022
IPO Close
Mon, Sep 5, 2022
Issue Price
₹126 per share
Market Cap (Pre-IPO)
₹21.19 Cr
| IPO Date | 29 Aug to 5 Sep, 2022 |
| Listed on | Tue, Sep 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹126 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,04,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 28,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3528 Cr) |
| Fresh Issue (Ex Market Maker) | 4,76,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 4,76,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 11,77,500 shares |
| Share Holding Post Issue | 16,81,500 shares |
| BSE Script Code | 543595 |
| ISIN | INE0D2I01014 |
EP Biocomposites IPO comprises a total issue size of 5,04,000 shares. The net offer to the public is 4,76,000 shares, after excluding 28,000 shares allotted on a firm basis. Of the Net offer 2,38,000 (50.00%) allocated to NII 2,38,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,38,000 | 50.00% | 47.22% |
| Retail Shares Offered | 2,38,000 | 50.00% | 47.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 28,000 | 5.56% | |
| Total Shares Offered | 5,04,000 | 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 | ₹1,26,000 |
| Retail (Max) | 1 | 1,000 | ₹1,26,000 |
| HNI (Min) | 2 | 2,000 | ₹2,52,000 |
Incorporated in 2020, EP Biocomposites Limited is the manufacturer and supplier of fibre reinforced polymers (FRP) products such as door shutters, frames, Biodigestor Tanks, Bio toilets and allied products for construction and Industrial applications which meets customer requirements. The Company got into the high potential sector of wastewater recycling in 2021.
The company focus on giving sanitation solutions to those who do not have access to toilets, as well as to those who have toilets but face trouble treating and managing the waste through septic tanks. The company also provide sanitation infrastructure and human waste management solutions and services, involving innovative and simple bio-digester technology licensed from the Defence Research and Development Organisation (DRDO) and Industry Interface and Technology Management, operating under the aegis of DRDO, Ministry of Defence, Government of India.
EP Biocomposites Limited has supplied more than 2,00,000 doors, thereby saving thousands of trees and has supplied more than 2,500 Bio toilets to households, helping in the reduction of open defecation thereby contributing to clean and green surroundings.
The revenue from operations was Rs 805.96, Rs 294.80 lakhs and Rs 56.81 lakhs for Fiscal 2022, 2021 and 2020 respectively.
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 9.28 | 1.32 | 0.55 |
| Total Income | 8.08 | 2.95 | 0.57 |
| Profit After Tax | 0.81 | 0.36 | 0.03 |
| NET Worth | 2.00 | 0.39 | 0.03 |
| Reserves and Surplus | 0.82 | 0.34 | -0.02 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long term lease deposit for manufacturing facilities | 2.00 |
| 2 | Part Repayment of loan | 0.80 |
| 3 | Funding Working Capital Requirement | 1.51 |
| 4 | General Corporate Purpose | 1.49 |
| KPI | |
|---|---|
| RoNW | 40.5 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.48 | |
| P/E (x) | 26.2 | |
| Promoter Holding | 98.97% | 69.40% |
| Market Cap | ₹21.19 Cr. |
The EP Biocomposites IPO is subscribed 18.51 times on September 5, 2022 5:28:00 PM (Day 5). The public issue subscribed 15.44 times in the retail category, [.] times in the QIB category, and 21.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 21.58 | 2,38,000 | 51,35,000 |
| Retail | 15.44 | 2,38,000 | 36,74,000 |
| Total | 18.51 | 4,76,000 | 88,09,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.42 |
| 2 | Brokerage and selling commission | 0.03 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹126.00 |
| Open | ₹160.25 |
| Low | ₹160.25 |
| High | ₹168.25 |
| Last Trade | ₹168.25 |
Lead Manager Reports
EP Biocomposites IPO is a SME IPO of 5,04,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹126 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Aug 29, 2022, and closes on Mon, Sep 5, 2022.
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 EP Biocomposites IPO using UPI as a payment gateway. Zerodha customers can apply in EP Biocomposites IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EP Biocomposites IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EP Biocomposites IPO opens on Mon, Aug 29, 2022 and closes on Mon, Sep 5, 2022.
EP Biocomposites IPO lot size is 1000, and the minimum amount required for application is ₹1,26,000.
You can apply in EP Biocomposites 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 EP Biocomposites IPO will be done on Thursday, September 8, 2022, and the allotted shares will be credited to your demat account by Mon, Sep 12, 2022. Check the EP Biocomposites IPO allotment status.
The EP Biocomposites IPO listing date is on Tue, Sep 13, 2022.
