Bookbuilding FPO | ₹58 Cr | Listed at NSE | Mon, Dec 19, 2005 - Fri, Dec 23, 2005
Ginni Filaments FPO is a book build issue of ₹57.78 crores. The issue is entirely a fresh issue of 2.63 crore shares of ₹57.78 crore.
Ginni Filaments FPO bidding started from Dec 19, 2005 and ended on Dec 23, 2005. The shares got listed on the NSE on Jan 13, 2006.
Ginni Filaments FPO is set final issue price at ₹22 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 Ginni Filaments FPO RHP for detailed Information.
FPO Open
Mon, Dec 19, 2005
FPO Close
Fri, Dec 23, 2005
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹130.38 Cr
| IPO Date | 19 to 23 Dec, 2005 |
| Listed on | Fri, Jan 13, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹19 to ₹22 |
| Issue Price | ₹22 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE |
| Total Issue Size | 2,62,62,625 shares (agg. up to ₹58 Cr) |
| Reserved for Private Promoter | 44,44,444 shares (agg. up to ₹10 Cr) |
| Fresh Issue | 2,18,18,181 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 2,18,18,181 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 3,30,00,000 shares |
| Share Holding Post Issue | 5,92,62,625 shares |
| NSE Symbol | 590025 GINNIFILA |
| ISIN | INE424C01010 |
Ginni Filaments FPO comprises a total issue size of 2,18,18,181 shares. The net offer to the public is 1,73,73,737 shares, after excluding 44,44,444 shares allotted on a firm basis. Of the Net offer 1,09,09,090 (50.00%) are allocated to QIB, 32,72,727 (15.00%) allocated to NII 76,36,364 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,09,09,090 | 50.00% | 50.00% |
| NII (HNI) Shares Offered | 32,72,727 | 15.00% | 15.00% |
| Retail Shares Offered | 76,36,364 | 35.00% | 35.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 44,44,444 | 20.37% | |
| Total Shares Offered | 2,18,18,181 | 100.00% | 100.00% |
Incorporated in 1982, Ginni Filaments Limited is engaged in the manufacturing of cotton yarn, knitted fabrics, dyed and processed fabrics, and textile products for domestic and export markets. The company commenced operations in 1990 with the production of ultrafine-combed cotton yarn as a 100% export-oriented unit at Chhata, Mathura, Uttar Pradesh.
The company operates in three major business segments comprising spinning, knitting, and dyeing & processing of knit fabrics. Its spinning division manufactures cotton yarn including open-end yarn in various count ranges, while the knitting division produces grey knit fabrics such as single jersey, interlock, rib, terry, and lycra fabrics. The company also undertakes dyeing and processing of knitted fabrics.
Ginni Filaments has installed machinery sourced from international manufacturers including Rieter Holding AG, Schlafhorst, Volkmann Group, Terrot GmbH, and Mayer & Cie. GmbH & Co. KG. In 1998, the company expanded into open-end yarn manufacturing with imported automated machinery from Switzerland.
The company operates two manufacturing units located at Chhata, District Mathura, Uttar Pradesh. Unit I undertakes spinning and knitting operations under the Export Oriented Unit (EOU) scheme, while Unit II is engaged in knitting, dyeing, and fabric processing operations under the EPCG scheme.
The company has also proposed expansion into additional spinning capacity, manufacturing of nonwoven fabrics, and garment manufacturing operations. The company had approximately 335 employees.
| Period Ended | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 76.96 | 75.31 | 106.81 |
| Total Income | 41.06 | 185.07 | 201.63 |
| Profit After Tax | 2.92 | 2.03 | 5.67 |
| NET Worth | 70.87 | 67.82 | 68.36 |
| Reserves and Surplus | 38.77 | 35.78 | 36.53 |
| 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 expand the existing spinning capacity of Ring and Open End Spinning of cotton yarn | |
| 2 | To set up a green field Nonwoven Fabric manufacturing Unit | |
| 3 | To set up a green field Garment manufacturing Unit | |
| 4 | To meet the issue expenses | |
| Total | 0.00 |
| KPI | Jun 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 2.32% | |
| Price to Book Value | 1.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.61 | 1.97 |
| P/E (x) | 35.79 | 11.17 |
| Promoter Holding | 71.091% | 47.09% |
| Market Cap | ₹130.38 Cr. |
The Ginni Filaments FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 2.98 | 2,18,18,181 | 6,50,42,720 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commissions | 1.44 |
| 2 | Advertising and marketing expenses | 0.65 |
| 3 | Printing and Stationary expenses | 1.06 |
| 4 | Registrar Fees | 0.20 |
| 5 | Legal Advisor Fees | 0.10 |
| 6 | Others | 0.42 |
| Total | 3.87 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹21.80 |
| Low | ₹21.80 |
| High | ₹23.75 |
| Last Trade | ₹22.85 |
Lead Manager Reports
Ginni Filaments FPO is a main-board FPO of 2,62,62,625 equity shares of the face value of ₹10 aggregating up to ₹58 Crores. The issue is priced at ₹22 per share. The minimum order quantity is .
The FPO opens on Mon, Dec 19, 2005, and closes on Fri, Dec 23, 2005.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on NSE.
Zerodha customers can apply online in Ginni Filaments FPO using UPI as a payment gateway. Zerodha customers can apply in Ginni Filaments FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ginni Filaments FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ginni Filaments FPO opens on Mon, Dec 19, 2005 and closes on Fri, Dec 23, 2005.
Ginni Filaments FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ginni Filaments 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 Ginni Filaments FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ginni Filaments FPO allotment status.
The Ginni Filaments FPO listing date is on .
