Bookbuilding IPO | ₹90 Cr | Listed at BSE, NSE | Tue, Nov 22, 2005 - Fri, Nov 25, 2005
Everest Kanto Cylinder IPO is a book build issue of ₹90.00 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹90.00 crore.
Everest Kanto Cylinder IPO bidding started from Nov 22, 2005 and ended on Nov 25, 2005.
Everest Kanto Cylinder IPO is set final issue price at ₹160 per share.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Everest Kanto Cylinder IPO RHP for detailed Information.
IPO Open
Tue, Nov 22, 2005
IPO Close
Fri, Nov 25, 2005
Issue Price
₹160 per share
Market Cap (Pre-IPO)
₹282.00 Cr
| IPO Date | 22 to 25 Nov, 2005 |
| Listed on | Thu, Dec 15, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹160 |
| Issue Price | ₹160 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,25,031 shares (agg. up to ₹90 Cr) |
| Fresh Issue | 56,25,031 shares (agg. up to ₹90 Cr) |
| Share Holding Pre Issue | 1,20,00,000 shares |
| Share Holding Post Issue | 1,76,25,031 shares |
| BSE Script Code / NSE Symbol | 532684 / EKC |
| ISIN | INE184H01027 |
Everest Kanto Cylinder IPO comprises a total issue size of 56,25,000 shares. The net offer to the public is 53,43,750 shares, after excluding 2,81,250 shares under a preferential allotment. Of the Net offer 26,71,875 (50.00%) are allocated to QIB, 8,01,563 (15.00%) allocated to NII 18,70,312 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,71,875 | 50.00% | 47.50% |
| NII (HNI) Shares Offered | 8,01,563 | 15.00% | 14.25% |
| Retail Shares Offered | 18,70,312 | 35.00% | 33.25% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,81,250 | 5.00% | |
| Total Shares Offered | 56,25,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in 1978, Everest Kanto Cylinder Limited is engaged in the manufacturing of high-pressure seamless gas cylinders used across a wide range of industrial and commercial applications.
The company produces cylinders for industrial gases, medical gases, fire-fighting equipment, beverage industry, accumulator shells, aerospace, scientific research, and CNG/NGV applications for vehicles. It also manufactures cylinder cascades along with fittings and accessories for CNG storage and industrial use.
The company commenced operations with a manufacturing facility at Aurangabad in collaboration with a Japanese partner, focusing on small-sized cylinders. It later expanded its capabilities by setting up a facility at Tarapur to manufacture larger cylinders, and now offers a wide product range with water capacities up to 280 litres and pressure handling up to 400 bar.
Its products are manufactured as per Indian and international standards, with certifications from the Bureau of Indian Standards (BIS) and approvals from the Chief Controller of Explosives, ensuring compliance with safety and quality norms.
As of the latest available data, the company had a workforce of 496 employees.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 142.42 | 122.64 | 78.18 |
| Total Income | 44.51 | 139.57 | 78.40 |
| Profit After Tax | 5.23 | 14.28 | 2.23 |
| NET Worth | 33.90 | 28.69 | 22.11 |
| Reserves and Surplus | 34.78 | 29.70 | 23.65 |
| 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 part finance (including the working capital requirements) the proposed Project consisting of setting up of manufacturing facility for High Pressure Cylinders in Gandhidham | 105.77 |
| 2 | To meet public issue related expenses | |
| Total | 105.77 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 35.09% |
| Price to Book Value | 4.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.90 | 5.93 |
| P/E (x) | 13.45 | 26.98 |
| Promoter Holding | 100% | 68.08% |
| Market Cap | ₹282.00 Cr. |
The Everest Kanto Cylinder IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 15.58 | 56,25,000 | 8,76,19,815 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees | 1.80 |
| 2 | Registrar to the Issue | 0.05 |
| 3 | Bankers to the issue | |
| 4 | Advisors to the Issue | |
| 5 | Offer Stationery | 1.50 |
| 6 | Advertising Expenses | 1.20 |
| 7 | Brokerage and selling Commission | 1.80 |
| 8 | Legal Fees | 0.15 |
| 9 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.60 |
| 10 | Contingencies | 0.20 |
| Total | 7.30 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹160.00 | ₹160.00 |
| Open | ₹201.00 | ₹190.00 |
| Low | ₹198.60 | ₹190.00 |
| High | ₹230.90 | ₹230.70 |
| Last Trade | ₹201.95 | ₹201.75 |
Lead Manager Reports
Everest Kanto Cylinder IPO is a main-board IPO of 56,25,031 equity shares of the face value of ₹10 aggregating up to ₹90 Crores. The issue is priced at ₹160 per share. The minimum order quantity is .
The IPO opens on Tue, Nov 22, 2005, and closes on Fri, Nov 25, 2005.
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 Everest Kanto Cylinder IPO using UPI as a payment gateway. Zerodha customers can apply in Everest Kanto Cylinder IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Everest Kanto Cylinder IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Everest Kanto Cylinder IPO opens on Tue, Nov 22, 2005 and closes on Fri, Nov 25, 2005.
Everest Kanto Cylinder IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Everest Kanto Cylinder 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 Everest Kanto Cylinder IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Everest Kanto Cylinder IPO allotment status.
The Everest Kanto Cylinder IPO listing date is on .
