Bookbuilding IPO | ₹42 Cr | Listed at BSE, NSE | Mon, Feb 12, 2007 - Thu, Feb 15, 2007
Evinix Accessories IPO is a book build issue of ₹42.00 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹42.00 crore.
Evinix Accessories IPO bidding started from Feb 12, 2007 and ended on Feb 15, 2007. The shares got listed on BSE, NSE on Mar 7, 2007.
Evinix Accessories IPO price band is set at ₹120 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,000 (50 shares) (based on upper price). The lot size investment for sNII is 34 lots (1,700 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (8,350 shares), amounting to ₹10,02,000.
Almondz Global Securities Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue.
Refer to Evinix Accessories IPO RHP for detailed Information.
IPO Open
Mon, Feb 12, 2007
IPO Close
Thu, Feb 15, 2007
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹128.40 Cr
| IPO Date | 12 to 15 Feb, 2007 |
| Listed on | Wed, Mar 7, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 35,00,000 shares (agg. up to ₹42 Cr) |
| Fresh Issue | 35,00,000 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 72,00,000 shares |
| Share Holding Post Issue | 1,07,00,000 shares |
| BSE Script Code / NSE Symbol | 532818 / EVINIX |
| ISIN | INE961H01010 |
Evinix Accessories IPO comprises a total issue size of 35,00,000 shares. Out of which, 17,50,000 (50.00%) are allocated to QIB, 5,25,000 (15.00%) allocated to NII 12,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 17,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 5,25,000 | 15.00% | NA |
| Retail Shares Offered | 12,25,000 | 35.00% | 24,500 |
| Total Shares Offered | 35,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (Min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (Max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (Min) | 167 | 8,350 | ₹10,02,000 |
Incorporated in 1996, Evinix Accessories Limited is in the business of designing and manufacturing of Fashion Accessories and Garments for Exports as well as Domestic markets. Evinix product range includes Bags, Caps, Hats, Belts, Scarves, Stoles, Wallets, Baby bibs, Cribs, Blanket, fashion apparels etc. Evinix is also engaged in trading of fabrics.
The major buyer of products presently in the domestic markets includes Adidas India Marketing Pvt Limited, Gini & Jony and Gokaldas India, Banglore.
Buyers in overseas market presently includes The GAP Inc. U.S.A, Esprit Europe Trading & Product Development, GmbH, Germany, Next Retail Limited, U.K, H & M Hennes & Mauritz AB, Sweden, Fashion Box Industries SPA, Italy, Debenhams Retail PLC, UK.
In the financial year 2004-05, Evinix exported fashion accessories worth Rs 772.05 Lacs and in the financial year 2005-06 till Feb 15th 2006, Evinix exported fashion accessories to the extent of 1353.35 Lacs.
The Domestic Sale of fashion accessories picked up from the beginning of the year 2005 and in the Financial Year 2005-06 till Feb 15th 2006, Evinix sold fashion accessories in domestic market to the extent Rs 1439.71 Lacs.
| 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 | Acquisition of Garment Manufacturing Facility at NSEZ, Noida | 4.49 |
| 2 | Expansion at Acquired unit at NSEZ, Noida | 16.62 |
| 3 | Expansion at existing unit at Faridabad | 3.38 |
| 4 | Long Term Working Capital Requirement | 14.74 |
| 5 | Setting up retail business activities and general corporate purposes including repayment of loans | 4.99 |
| 6 | Public Issue Expenses | 3.61 |
| 7 | Contingencies | 1.49 |
| KPI | |
|---|---|
| RoNW | 36.45% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 44.44% | 29.91% |
| Market Cap | ₹128.40 Cr. |
The Evinix IPO is subscribed 3.7 times on February 15, 2007 5:00:00 PM (Day 4). The public issue subscribed 2.47 times in the retail category, 1.3 times in the QIB category, and 14.56 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 | Issue Management | 0.53 |
| 2 | Registrar Fees | 0.02 |
| 3 | Printing & Distribution of Issue Stationery | 0.65 |
| 4 | Advertising and Marketing expenses | 1.32 |
| 5 | Brokerage and Selling commission | 0.53 |
| 6 | Other expenses | 0.57 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹110.00 | ₹120.00 |
| Low | ₹70.25 | ₹70.20 |
| High | ₹128.00 | ₹129.00 |
| Last Trade | ₹73.75 | ₹74.05 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Evinix Accessories IPO is a main-board IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 50.
The IPO opens on Mon, Feb 12, 2007, and closes on Thu, Feb 15, 2007.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Evinix Accessories IPO using UPI as a payment gateway. Zerodha customers can apply in Evinix Accessories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Evinix Accessories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Evinix Accessories IPO opens on Mon, Feb 12, 2007 and closes on Thu, Feb 15, 2007.
Evinix Accessories IPO lot size is 50, and the minimum amount required for application is ₹6,000.
You can apply in Evinix Accessories 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 Evinix Accessories IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Evinix Accessories IPO allotment status.
The Evinix Accessories IPO listing date is on Wed, Mar 7, 2007.
