Bookbuilding IPO | ₹93 Cr | Listed at BSE, NSE | Wed, Feb 7, 2007 - Tue, Feb 13, 2007
Euro Ceramics IPO is a book build issue of ₹92.75 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹92.75 crore.
Euro Ceramics IPO bidding started from Feb 7, 2007 and ended on Feb 13, 2007. The shares got listed on BSE, NSE on Mar 9, 2007.
Euro Ceramics IPO price band is set at ₹165 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,300 (35 shares) (based on upper price). The lot size investment for sNII is 35 lots (1,225 shares), amounting to ₹2,02,125, and for bNII, it is 174 lots (6,090 shares), amounting to ₹10,04,850.
The issue includes a reservation of up to 1,21,500 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Euro Ceramics IPO RHP for detailed Information.
IPO Open
Wed, Feb 7, 2007
IPO Close
Tue, Feb 13, 2007
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹282.15 Cr
| IPO Date | 7 to 13 Feb, 2007 |
| Listed on | Fri, Mar 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹150 to ₹180 |
| Issue Price | ₹165 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,21,500 shares (agg. up to ₹93 Cr) |
| Fresh Issue | 56,21,500 shares (agg. up to ₹93 Cr) |
| Share Holding Pre Issue | 1,14,78,500 shares |
| Share Holding Post Issue | 1,71,00,000 shares |
| BSE Script Code / NSE Symbol | 532823 / EUROCERA |
| ISIN | INE649H01011 |
Euro Ceramics IPO comprises a total issue size of 56,21,500 shares. The net offer to the public is 55,00,000 shares, after excluding 1,21,500 shares under a preferential allotment. Of the Net offer 27,50,000 (50.00%) are allocated to QIB, 8,25,000 (15.00%) allocated to NII 19,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 27,50,000 | 50.00% | 48.92% | NA |
| NII (HNI) Shares Offered | 8,25,000 | 15.00% | 14.68% | NA |
| Retail Shares Offered | 19,25,000 | 35.00% | 34.24% | 55,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,21,500 | 2.16% | NA | |
| Total Shares Offered | 56,21,500 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹5,775 |
| Retail (Max) | 34 | 1,190 | ₹1,96,350 |
| S-HNI (Min) | 35 | 1,225 | ₹2,02,125 |
| S-HNI (Max) | 173 | 6,055 | ₹9,99,075 |
| B-HNI (Min) | 174 | 6,090 | ₹10,04,850 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Euro Ceramics Limited are manufacturer of Vitrified Ceramic Tiles and Aluminum Extruded Sections. Euro Ceramics manufacturing facilities are located at Taluka Bhachau, District Kutch, Gujarat.
Product Lines:
Euro Ceramics Limited has two lines for manufacturing:
1. Vitrified Ceramic Tiles:
Used in three segments of construction industry including residential complexes, commercial complexes and retails. Euro Ceramics total installed capacity is of 79,971 MTPA for Vitrified Ceramic Tiles.
2. Aluminum Extruded Sections:
Used in construction and industrial applications, Euro Ceramics has total installed capacity is of 1,800 MTPA for Aluminum Extruded Sections.
| 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 | Land & Site Development | 0.55 |
| 2 | Building & Civil Works | 24.39 |
| 3 | Plant & Machinery - Imported | 28.49 |
| 4 | Plant & Machinery - Indigenous | 12.08 |
| 5 | Other Assets | 5.50 |
| 6 | Pre-operative Expenses | 1.00 |
| 7 | Margin Money for Working Capital | 3.14 |
| 8 | Provision for Contingencies | 1.80 |
| 9 | General Corporate Expenses | 11.57 |
| 10 | Issue Expenses | 8.35 |
| KPI | |
|---|---|
| RoNW | 33.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 81.95% | 55.01% |
| Market Cap | ₹282.15 Cr. |
The Euro Ceramics IPO is subscribed 3.02 times on February 13, 2007 5:00:00 PM (Day 5). The public issue subscribed 2.73 times in the retail category, 3.89 times in the QIB category, and 1.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of BRLMs and Syndicate Member (including 400.00 underwriting commission and selling commission) | 4.00 |
| 2 | Fees of Registrar | 0.14 |
| 3 | Fees of Legal Advisor, Auditors etc. | 0.36 |
| 4 | Advertisement and Marketing Expenses | 2.00 |
| 5 | Printing and Stationery, Distribution, Postage, etc. | 1.50 |
| 6 | Other Charges | 0.35 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹165.00 | ₹165.00 |
| Open | ₹151.00 | ₹150.00 |
| Low | ₹115.25 | ₹115.30 |
| High | ₹159.00 | ₹150.00 |
| Last Trade | ₹118.65 | ₹119.15 |
Lead Manager Reports
Euro Ceramics IPO is a main-board IPO of 56,21,500 equity shares of the face value of ₹10 aggregating up to ₹93 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 35.
The IPO opens on Wed, Feb 7, 2007, and closes on Tue, Feb 13, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Euro Ceramics IPO using UPI as a payment gateway. Zerodha customers can apply in Euro Ceramics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euro Ceramics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euro Ceramics IPO opens on Wed, Feb 7, 2007 and closes on Tue, Feb 13, 2007.
Euro Ceramics IPO lot size is 35, and the minimum amount required for application is ₹5,775.
You can apply in Euro 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 Euro Ceramics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Euro Ceramics IPO allotment status.
The Euro Ceramics IPO listing date is on Fri, Mar 9, 2007.
