Bookbuilding IPO | ₹18 Cr | Listed at BSE SME | Mon, Sep 30, 2019 - Fri, Oct 4, 2019
Gensol Engineering IPO is a book build issue of ₹17.93 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹17.93 crore.
Gensol Engineering IPO bidding started from Sep 30, 2019 and ended on Oct 4, 2019. The allotment for Gensol Engineering IPO was finalized on Oct 10, 2019. The shares got listed on BSE SME on Oct 15, 2019.
Gensol Engineering IPO price band is set at ₹83 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,65,600.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Gensol Engineering IPO RHP for detailed Information.
IPO Open
Mon, Sep 30, 2019
IPO Close
Fri, Oct 4, 2019
Issue Price
₹83 per share
Market Cap (Pre-IPO)
₹68.08 Cr
| IPO Date | 30 Sep to 4 Oct, 2019 |
| Listed on | Tue, Oct 15, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹81 to ₹83 |
| Issue Price | ₹83 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,60,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 1,08,800 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.9030 Cr) |
| Fresh Issue (Ex Market Maker) | 20,51,200 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 20,51,200 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 60,42,737 shares |
| Share Holding Post Issue | 82,02,737 shares |
| BSE Script Code | 542851 GENSOL |
| ISIN | INE06H201014 |
Gensol Engineering IPO comprises a total issue size of 21,60,000 shares. The net offer to the public is 20,51,200 shares, after excluding 1,08,800 shares allotted on a firm basis. Of the Net offer 10,25,600 (50.00%) allocated to NII 10,25,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,25,600 | 50.00% | 47.48% |
| Retail Shares Offered | 10,25,600 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,800 | 5.04% | |
| Total Shares Offered | 21,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,32,800 |
| Retail (Max) | 1 | 1,600 | ₹1,32,800 |
| HNI (Min) | 2 | 3,200 | ₹2,65,600 |
• Dedicated employee base • Strong client base • Dominative presence as compared to competitors • Technically equipped engineering teams • On time project completion
| 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 | Funding the working capital requirements of the Company | 13.50 |
| 2 | General corporate purposes | 2.44 |
The Gensol Engineering IPO is subscribed 1.32 times on October 4, 2019 6:50:02 PM (Day 4). The public issue subscribed 0.37 times in the retail category, [.] times in the QIB category, and 2.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.27 | 10,25,600 | 23,32,800 |
| Retail | 0.37 | 10,25,600 | 3,80,800 |
| Total | 1.32 | 20,51,200 | 27,13,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 1.48 |
| 2 | Regulatory fees | 0.06 |
| 3 | Marketing and Other Expenses | 0.44 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹83.00 |
| Open | ₹85.40 |
| Low | ₹83.50 |
| High | ₹89.50 |
| Last Trade | ₹86.25 |
Lead Manager Reports
Gensol Engineering IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Sep 30, 2019, and closes on Fri, Oct 4, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gensol Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Gensol Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gensol Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gensol Engineering IPO opens on Mon, Sep 30, 2019 and closes on Fri, Oct 4, 2019.
Gensol Engineering IPO lot size is 1600, and the minimum amount required for application is ₹1,32,800.
You can apply in Gensol Engineering 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 Gensol Engineering IPO will be done on Thursday, October 10, 2019, and the allotted shares will be credited to your demat account by Mon, Oct 14, 2019. Check the Gensol Engineering IPO allotment status.
The Gensol Engineering IPO listing date is on Tue, Oct 15, 2019.
