Bookbuilding IPO | ₹86 Cr | Listed at BSE | Tue, Sep 26, 2006 - Fri, Sep 29, 2006
Gayatri Projects IPO is a book build issue of ₹85.55 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹29.50 crores and offer for sale of 0.19 crore shares aggregating to ₹56.05 crores.
Gayatri Projects IPO bidding started from Sep 26, 2006 and ended on Sep 29, 2006. The shares got listed on the BSE on Oct 17, 2006.
Gayatri Projects IPO is set final issue price at ₹295 per share. The lot size for an application is 20 shares. The minimum amount of investment required by an individual investor (retail) is ₹5,900 (20 shares) (based on upper price). The lot size investment for sNII is 34 lots (680 shares), amounting to ₹2,00,600, and for bNII, it is 170 lots (3,400 shares), amounting to ₹10,03,000.
Almondz Global Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gayatri Projects IPO RHP for detailed Information.
IPO Open
Tue, Sep 26, 2006
IPO Close
Fri, Sep 29, 2006
Issue Price
₹295 per share
Market Cap (Pre-IPO)
₹295.00 Cr
| IPO Date | 26 to 29 Sep, 2006 |
| Listed on | Tue, Oct 17, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹295 |
| Issue Price | ₹295 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 29,00,000 shares (agg. up to ₹86 Cr) |
| Fresh Issue | 10,00,000 shares (agg. up to ₹30 Cr) |
| Offer for Sale | 19,00,000 shares of ₹10 (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 90,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| BSE Script Code | 532767 GAYAPROJ |
| ISIN | INE336H01015 |
Gayatri Projects IPO comprises a total issue size of 29,00,000 shares. The net offer to the public is 28,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 14,00,000 (50.00%) are allocated to QIB, 4,20,000 (15.00%) allocated to NII 9,80,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 14,00,000 | 50.00% | 48.28% | NA |
| NII (HNI) Shares Offered | 4,20,000 | 15.00% | 14.48% | NA |
| Retail Shares Offered | 9,80,000 | 35.00% | 33.79% | 49,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 3.45% | NA | |
| Total Shares Offered | 29,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹5,900 |
| Retail (Max) | 33 | 660 | ₹1,94,700 |
| S-HNI (Min) | 34 | 680 | ₹2,00,600 |
| S-HNI (Max) | 169 | 3,380 | ₹9,97,100 |
| B-HNI (Min) | 170 | 3,400 | ₹10,03,000 |
| 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 |
Gayatri Projects Limited (GPL), formerly Andhra Coastal Construction Private Limited, is engaged in the execution of civil works.
The Company provides engineering, procurement, construction and project management services for various infrastructure projects. GPL has executed various projects in different sectors of infrastructure like highway, irrigation projects, mass excavation, ports, airports and industrial civil works. The Company has constructed about 644 kilometers of the highways and 1113 kilometers of irrigation canals. GPL has executed 21 irrigation projects, seven projects for construction of dams and reservoir, nine highway and runway projects, eight site leveling projects and three industrial projects. The Company has completed projects, such as construction of five packages of Narmada Main Canal comprising of the 50.60 kilometers and Upper Krishna Project comprising of 44 kilometers.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|---|
| Assets | 315.59 | 287.73 | 242.53 | 191.86 | 171.60 |
| Total Income | 376.41 | 303.57 | 304.03 | 345.75 | 309.89 |
| Profit After Tax | 18.08 | 8.95 | 5.23 | 7.23 | 6.71 |
| NET Worth | 92.69 | 76.54 | 69.20 | 63.39 | 57.64 |
| Reserves and Surplus | 83.69 | 71.54 | 64.20 | 58.39 | 52.64 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Special Purpose Vehicle (SPV) company for execution BOT/BOOT Project | 20.00 |
| 2 | Repayment of Debt | 7.17 |
| 3 | Issue Expenses | 2.33 |
| KPI | Mar 31, 2005 | Mar 31, 2006 |
|---|---|---|
| RoNW | 12% | 21% |
| Price to Book Value | 2.86 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.92 | 17.02 |
| P/E (x) | 15.59 | 17.33 |
| Promoter Holding | 62% | 55.8% |
| Market Cap | ₹295.00 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, underwriting & selling commission | |
| 2 | Registrars fees | |
| 3 | Printing & Distribution of Offer Stationery | |
| 4 | Advertising and Marketing expenses | |
| 5 | Other expenses include legal fees, depository, etc. | |
| Total | 0.00 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹295.00 |
| Open | ₹333.00 |
| Low | ₹293.40 |
| High | ₹348.00 |
| Last Trade | ₹298.85 |
Lead Manager Reports
Gayatri Projects IPO is a main-board IPO of 29,00,000 equity shares of the face value of ₹10 aggregating up to ₹86 Crores. The issue is priced at ₹295 per share. The minimum order quantity is 20.
The IPO opens on Tue, Sep 26, 2006, and closes on Fri, Sep 29, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Gayatri Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Gayatri Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gayatri Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gayatri Projects IPO opens on Tue, Sep 26, 2006 and closes on Fri, Sep 29, 2006.
Gayatri Projects IPO lot size is 20, and the minimum amount required for application is ₹5,900.
You can apply in Gayatri Projects 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 Gayatri Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gayatri Projects IPO allotment status.
The Gayatri Projects IPO listing date is on Tue, Oct 17, 2006.
