Bookbuilding IPO | ₹50 Cr | Listed at BSE, NSE | Thu, Jul 5, 2007 - Wed, Jul 11, 2007
Everonn Systems IPO is a book build issue of ₹50.02 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹50.02 crore.
Everonn Systems IPO bidding started from Jul 5, 2007 and ended on Jul 11, 2007. The shares got listed on BSE, NSE on Aug 1, 2007.
Everonn Systems IPO price band is set at ₹140 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹7,000 (50 shares) (based on upper price). The lot size investment for sNII is 29 lots (1,450 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (7,150 shares), amounting to ₹10,01,000.
Centrum Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Everonn Systems IPO RHP for detailed Information.
IPO Open
Thu, Jul 5, 2007
IPO Close
Wed, Jul 11, 2007
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹193.90 Cr
| IPO Date | 5 to 11 Jul, 2007 |
| Listed on | Wed, Aug 1, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 35,72,964 shares (agg. up to ₹50 Cr) |
| Fresh Issue | 35,72,964 shares (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 1,02,78,217 shares |
| Share Holding Post Issue | 1,38,49,647 shares |
| BSE Script Code / NSE Symbol | 532876 / EVERONN |
| ISIN | INE678H01010 |
Everonn Systems IPO comprises a total issue size of 35,71,430 shares. Out of which, 17,85,715 (50.00%) are allocated to QIB, 5,35,715 (15.00%) allocated to NII 12,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 17,85,715 | 50.00% | NA |
| NII (HNI) Shares Offered | 5,35,715 | 15.00% | NA |
| Retail Shares Offered | 12,50,000 | 35.00% | 25,000 |
| Total Shares Offered | 35,71,430 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹7,000 |
| Retail (Max) | 28 | 1,400 | ₹1,96,000 |
| S-HNI (Min) | 29 | 1,450 | ₹2,03,000 |
| S-HNI (Max) | 142 | 7,100 | ₹9,94,000 |
| B-HNI (Min) | 143 | 7,150 | ₹10,01,000 |
Everonn Systems India Limited is Knowledge Management, Education and Training Company. Everonn provides its services in Creating Educational and Training Content, Designing and executing large learning initiatives and setting up the needed infrastructure for learning and training.
Everonn has Virtual and Interactive Learning classroom networks across India. Everonn does business through 2 strong Business Units, Institutional Education and Infrastructure Services (IE & IS) and Virtual and Technology Enabled Learning Solutions (ViTELS).
| 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 | Institutional Education and IT Infrastructure Service(CAPEX) | 30.00 |
| 2 | Virtual & Tech Enabled Learning Solutions (CAPEX) | 17.25 |
| 3 | Working Capital | 5.00 |
| 4 | Mergers & Acquisitions | 8.00 |
| 5 | Investment in Subsidiary | 1.00 |
| 6 | Brand Building | 1.00 |
| 7 | Issue Expenses | 3.81 |
| KPI | |
|---|---|
| RoNW | 13.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 41.95% | 31.13% |
| Market Cap | ₹193.90 Cr. |
The Everonn IPO is subscribed 131.47 times on July 11, 2007 5:00:00 PM (Day 5). The public issue subscribed 123.8 times in the retail category, 92.95 times in the QIB category, and 277.81 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 | Lead Management Fees/Underwriting & Brokerage | 1.50 |
| 2 | Fees payable to Registrar including Postage | 0.20 |
| 3 | Printing & Distribution of Stationery | 1.03 |
| 4 | Legal Fees | 0.08 |
| 5 | Advertising & Marketing | 0.70 |
| 6 | Others | 0.31 |
| Total | 3.81 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹140.00 | ₹140.00 |
| Open | ₹245.00 | ₹245.00 |
| Low | ₹245.00 | ₹245.00 |
| High | ₹560.00 | ₹567.00 |
| Last Trade | ₹478.45 | ₹477.35 |
Lead Manager Reports
Everonn Systems IPO is a main-board IPO of 35,72,964 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 50.
The IPO opens on Thu, Jul 5, 2007, and closes on Wed, Jul 11, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Everonn Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Everonn Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Everonn Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Everonn Systems IPO opens on Thu, Jul 5, 2007 and closes on Wed, Jul 11, 2007.
Everonn Systems IPO lot size is 50, and the minimum amount required for application is ₹7,000.
You can apply in Everonn Systems 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 Everonn Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Everonn Systems IPO allotment status.
The Everonn Systems IPO listing date is on Wed, Aug 1, 2007.
