Bookbuilding FPO | ₹55 Cr | Listed at BSE, NSE | Thu, May 18, 2006 - Tue, May 23, 2006
Gangotri Textiles FPO is a book build issue of ₹55.00 crores. The issue is entirely a fresh issue of 1.34 crore shares of ₹55.00 crore.
Gangotri Textiles FPO bidding started from May 18, 2006 and ended on May 23, 2006. The shares got listed on the NSE and the BSE on Jun 12, 2006.
Gangotri Textiles FPO is set final issue price at ₹41 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 Gangotri Textiles FPO RHP for detailed Information.
FPO Open
Thu, May 18, 2006
FPO Close
Tue, May 23, 2006
Issue Price
₹41 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 18 to 23 May, 2006 |
| Listed on | Mon, Jun 12, 2006 |
| Face Value | ₹5 per share |
| Price Band | ₹41 to ₹46 |
| Issue Price | ₹41 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,34,14,634 shares (agg. up to ₹55 Cr) |
| Fresh Issue | 1,34,14,634 shares (agg. up to ₹55 Cr) |
| Share Holding Pre Issue | 1,92,00,000 shares |
| Share Holding Post Issue | 3,26,14,634 shares |
| BSE Script Code / NSE Symbol | 521176 / GANGOTRI |
| ISIN | INE670B01028 |
Gangotri Textiles FPO comprises a total issue size of 1,34,14,634 shares. The net offer to the public is 1,16,70,732 shares, after excluding 17,43,902 shares under a preferential allotment. Of the Net offer 58,34,146 (49.99%) are allocated to QIB, 17,51,220 (15.01%) allocated to NII 40,85,366 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 58,34,146 | 49.99% | 43.49% |
| NII (HNI) Shares Offered | 17,51,220 | 15.01% | 13.05% |
| Retail Shares Offered | 40,85,366 | 35.01% | 30.45% |
| Preferential Reservations | |||
| Employee Shares Offered | 4,02,439 | 3.00% | |
| Shareholders Shares Offered | 13,41,463 | 10.00% | |
| Total Shares Offered | 1,34,14,634 | 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 shareholder | Allowed only if bidding amount is upto Rs 2 lakhs | |
| Only employee | Yes | |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Incorporated in 1989, Gangotri Textiles Limited is an Indian textile manufacturing company.
The company is primarily engaged in the manufacturing of yarn, fabrics, and garments, including open-ended and ring-spun yarn. It also marketed textile products under its brand name “Tibre,” catering mainly to the domestic market.
The first project undertaken by GTL was for setting up 4 Open End spinning machines at Palladam Taluk in Coimbatore (Unit I) at an investment of Rs. 4.76 Crs. GTL had availed finance from SIPCOT, Tamil Nadu Indl. Invt. Corpn. (TIIC) and South Indian Bank for the above project.
GTL currently has an installed capacity of 5,904 rotors, which makes it a large-sized player in the organised segment of the OE spinning industry.
Competitive Strengths:
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 172.53 | 154.65 | 140.21 |
| Total Income | 118.97 | 184.88 | 177.39 |
| Profit After Tax | 6.28 | 3.25 | 6.56 |
| NET Worth | 33.30 | 28.61 | 27.06 |
| Reserves and Surplus | 28.37 | 27.05 | 25.65 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Spinning Unit I | 77.46 |
| 2 | Setting up of Spinning Unit II | 73.76 |
| 3 | Setting up Weaving and Processing plant | 128.83 |
| 4 | Setting up Garment Unit | 7.83 |
| 5 | Installation of six wind mills | 59.12 |
| 6 | Meeting Expenses | 4.00 |
| Total | 351.00 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 11.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 38.89% | 22.89% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager, underwriting and selling commissions | 1.25 |
| 2 | Advertising and marketing expenses | 0.55 |
| 3 | Printing and Stationary expenses | 1.00 |
| 4 | Others (Registrar fees, legal fees etc.) | 0.50 |
| Total | 3.30 |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
Lead Manager Reports
Gangotri Textiles FPO is a main-board FPO of 1,34,14,634 equity shares of the face value of ₹5 aggregating up to ₹55 Crores. The issue is priced at ₹41 per share. The minimum order quantity is .
The FPO opens on Thu, May 18, 2006, and closes on Tue, May 23, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gangotri Textiles FPO using UPI as a payment gateway. Zerodha customers can apply in Gangotri Textiles FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gangotri Textiles FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gangotri Textiles FPO opens on Thu, May 18, 2006 and closes on Tue, May 23, 2006.
Gangotri Textiles FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gangotri Textiles FPO 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 Gangotri Textiles FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gangotri Textiles FPO allotment status.
The Gangotri Textiles FPO listing date is on .
