Fixed Price IPO | ₹47 Cr | Listed at NSE SME | Wed, May 9, 2018 - Fri, May 11, 2018
Five Core Electronics IPO is a fixed price issue of ₹46.66 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹46.66 crore.
Five Core Electronics IPO bidding started from May 9, 2018 and ended on May 11, 2018. The shares got listed on NSE SME on May 21, 2018.
Five Core Electronics IPO price is ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Indian Overseas Bank is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Five Core Electronics IPO RHP for detailed Information.
IPO Open
Wed, May 9, 2018
IPO Close
Fri, May 11, 2018
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹176.69 Cr
| IPO Date | 9 to 11 May, 2018 |
| Listed on | Mon, May 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,33,000 shares (agg. up to ₹47 Cr) |
| Reserved for Market Maker | 1,69,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 31,64,000 shares (agg. up to ₹44 Cr) |
| Net Offered to Public | 31,64,000 shares (agg. up to ₹44 Cr) |
| Share Holding Pre Issue | 92,87,622 shares |
| Share Holding Post Issue | 1,26,20,622 shares |
| NSE Symbol | FIVECORE |
| ISIN | INE574Z01013 |
Five Core Electronics IPO comprises a total issue size of 33,33,000 shares. The net offer to the public is 31,64,000 shares, after excluding 1,69,000 shares allotted on a firm basis. Of the Net offer 15,82,000 (50.00%) allocated to NII 15,82,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,82,000 | 50.00% | 47.46% |
| Retail Shares Offered | 15,82,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,69,000 | 5.07% | |
| Total Shares Offered | 33,33,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Incorporated in 2002, Delhi based Five Core Electronics Limited is in the business of manufacturing and exporting whole range of Public Address Systems - Woofers, Amplifiers, Computer Speakers, Personal Speaker System, Headphones, and Earphones. The Company has also been trading in the fabric.
Five Core has a strong presence in the overseas market in African Continent, UAE, South America, Singapore, Dubai, Bangladesh, Vietnam Nepal, to name a few. Its products are sold in 56 countries across 6 continents through a network of over 350 distributors and dealers. In India, the company is present in 17 States through a distributor and dealer network of more than 240 in different zones. It has also opened showrooms in Dehradun, Saharanpur, Chomu, Guwahati, Jeopur, Patna, Raxaul, Bhagalpur, Calicut and Hyderabad which are run by dealers.
Five Core has 296 employees on its payroll.
| 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 | To meet the working capital requirements of the Company | 23.19 |
| 2 | To meet the working capital requirements of the Subsidiary, 5 Core Acoustics Private Limited | 10.00 |
| 3 | General Corporate Purpose | 5.60 |
| 4 | Repayment of Unsecured Loan of Promoters/Directors | 3.20 |
The Five Core Electronics IPO is subscribed 0.55 times on May 10, 2018 5:00:00 PM (Day 2). The public issue subscribed 0.07 times in the retail category, [.] times in the QIB category, and 1.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.04 | 15,82,000 | 16,44,000 |
| Retail | 0.07 | 15,82,000 | 1,03,000 |
| Total | 0.55 | 31,64,000 | 17,47,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.40 |
| 2 | Regulatory Fees & Other Expenses | 0.10 |
| 3 | Marketing Expenses | 4.17 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹140.90 |
| Low | ₹138.00 |
| High | ₹147.90 |
| Last Trade | ₹145.50 |
Lead Manager Reports
Five Core Electronics IPO is a SME IPO of 33,33,000 equity shares of the face value of ₹10 aggregating up to ₹47 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Wed, May 9, 2018, and closes on Fri, May 11, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Five Core Electronics IPO using UPI as a payment gateway. Zerodha customers can apply in Five Core Electronics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Five Core Electronics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Five Core Electronics IPO opens on Wed, May 9, 2018 and closes on Fri, May 11, 2018.
Five Core Electronics IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Five Core Electronics 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 Five Core Electronics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Five Core Electronics IPO allotment status.
The Five Core Electronics IPO listing date is on Mon, May 21, 2018.
