Bookbuilding IPO | ₹56 Cr | Listed at BSE, NSE | Thu, Sep 21, 2006 - Wed, Sep 27, 2006
Fiem Industries IPO is a book build issue of ₹56.17 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹56.17 crore.
Fiem Industries IPO bidding started from Sep 21, 2006 and ended on Sep 27, 2006. The shares got listed on the NSE and the BSE on Oct 19, 2006.
Fiem Industries IPO is set final issue price at ₹137 per share.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Fiem Industries IPO RHP for detailed Information.
IPO Open
Thu, Sep 21, 2006
IPO Close
Wed, Sep 27, 2006
Issue Price
₹137 per share
Market Cap (Pre-IPO)
₹162.46 Cr
| IPO Date | 21 to 27 Sep, 2006 |
| Listed on | Thu, Oct 19, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹145 |
| Issue Price | ₹137 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 41,00,001 shares (agg. up to ₹56 Cr) |
| Fresh Issue | 41,00,001 shares (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 77,58,160 shares |
| Share Holding Post Issue | 1,18,58,160 shares |
| BSE Script Code / NSE Symbol | 532768 / FIEMIND |
| ISIN | INE737H01014 |
Fiem Industries IPO comprises a total issue size of 41,00,000 shares. The net offer to the public is 37,00,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 18,50,000 (50.00%) are allocated to QIB, 5,55,000 (15.00%) allocated to NII 12,95,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 18,50,000 | 50.00% | 45.12% |
| NII (HNI) Shares Offered | 5,55,000 | 15.00% | 13.54% |
| Retail Shares Offered | 12,95,000 | 35.00% | 31.59% |
| Preferential Reservations | |||
| Employee Shares Offered | 4,00,000 | 9.76% | |
| Total Shares Offered | 41,00,000 | 100.00% | 100.00% |
| 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 |
Fiem Industries Limited was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi. The name of the Company was changed to FIEM Industries Private Limited in May 1992.
FIEM is manufacturer of automotive lighting, signaling equipments and rear view mirrors. The Company has a range of two-wheeler lighting systems and rear view mirrors. Its products portfolio ranging from rear view mirrors, head lamps, tail lamps, roof lamps, wheel covers, warning triangle, complete rear fender assembly, frame assembly, mudguards and various sheet metal and plastic parts caters to the needs of almost all segments of automobile industry. The Company's customer base includes TVS Motor Co. Ltd., Honda Motorcycle & Scooter India P. Ltd., Suzuki Motorcycle P. Ltd., General Motors India Ltd., Aspock Systems (Austria) and Piaggio (Italy). The Company had entered into a Memorandum of Understanding, on September 16, 2005, with Aspock Holding Gmbh, Austria for entering into a joint venture agreement to manufacture, assemble and sell wiring harness and automotive lighting equipments and components.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 88.65 | 64.59 | 48.88 |
| Total Income | 128.18 | 99.72 | 64.46 |
| Profit After Tax | 7.51 | 3.20 | 0.69 |
| NET Worth | 27.77 | 16.95 | 12.87 |
| Reserves and Surplus | 20.62 | 11.14 | 7.94 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | New projects / expansion plans | 40.68 |
| 2 | Repayment of Term loan from Standard Chartered Bank to the extent availed for the purposes of the new projects / expansion plans | 8.42 |
| 3 | Margin Money for working capital | 5.00 |
| 4 | General Corporate purposes | 7.74 |
| 5 | Issue expenses | 4.80 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 27.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.76% | 63.96% |
| Market Cap | ₹162.46 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees | 1.26 |
| 2 | Underwriting commission and brokerage | 0.70 |
| 3 | Registrar fees | 0.11 |
| 4 | Marketing and advertisement expenses | 0.77 |
| 5 | Stationery and printing expenses | 1.25 |
| 6 | Others | 0.70 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹137.00 | ₹137.00 |
| Open | ₹145.00 | ₹169.25 |
| Low | ₹119.65 | ₹119.55 |
| High | ₹148.00 | ₹169.25 |
| Last Trade | ₹121.75 | ₹121.55 |
Lead Manager Reports
Fiem Industries IPO is a main-board IPO of 41,00,001 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹137 per share. The minimum order quantity is .
The IPO opens on Thu, Sep 21, 2006, and closes on Wed, Sep 27, 2006.
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 Fiem Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Fiem Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fiem Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fiem Industries IPO opens on Thu, Sep 21, 2006 and closes on Wed, Sep 27, 2006.
Fiem Industries IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Fiem Industries 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 Fiem Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Fiem Industries IPO allotment status.
The Fiem Industries IPO listing date is on Thu, Oct 19, 2006.
