Bookbuilding IPO | ₹70 Cr | Listed at BSE, NSE | Tue, Mar 28, 2006 - Tue, Apr 4, 2006
Godawari Power & Ispat IPO is a book build issue of ₹70.43 crores. The issue is entirely a fresh issue of 0.87 crore shares of ₹70.43 crore.
Godawari Power & Ispat IPO bidding started from Mar 28, 2006 and ended on Apr 4, 2006. The shares got listed on NSE and BSE on Apr 25, 2006.
Godawari Power & Ispat IPO is set final issue price at ₹81 per share.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Godawari Power & Ispat IPO RHP for detailed Information.
IPO Open
Tue, Mar 28, 2006
IPO Close
Tue, Apr 4, 2006
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹201.24 Cr
| IPO Date | 28 Mar to 4 Apr, 2006 |
| Listed on | Tue, Apr 25, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹81 |
| Issue Price | ₹81 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 86,95,000 shares (agg. up to ₹70 Cr) |
| Fresh Issue | 86,95,000 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 1,61,49,000 shares |
| Share Holding Post Issue | 2,48,44,000 shares |
| BSE Script Code / NSE Symbol | 532734 / GPIL |
| ISIN | INE177H01039 |
Godawari Power & Ispat IPO comprises a total issue size of 86,95,000 shares. The net offer to the public is 82,95,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 41,47,500 (50.00%) are allocated to QIB, 12,44,250 (15.00%) allocated to NII 29,03,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 41,47,500 | 50.00% | 47.70% |
| NII (HNI) Shares Offered | 12,44,250 | 15.00% | 14.31% |
| Retail Shares Offered | 29,03,250 | 35.00% | 33.39% |
| Preferential Reservations | |||
| Employee Shares Offered | 4,00,000 | 4.60% | |
| Total Shares Offered | 86,95,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Godawari Power & Ispat Ltd. (GPIL), a flagship company of the Raipur-based Hira Group, is a fully integrated steel manufacturer in India.
Incorporated in 1999, the company specialises in producing sponge iron, iron ore pellets, steel billets, wire rods, and ferro alloys, utilising captive iron ore mines and 70-100 MW of power generation for high efficiency.
GPIL covers the entire steel value chain, from mining to finished, value-added steel products, providing significant cost advantages.
The company produces pellets (2 MTPA), sponge iron (0.5 MTPA), steel billets, HB wires, and ferroalloys.
The manufacturing facilities are located in Siltara, Raipur, Chhattisgarh.
GPIL utilises renewable energy—including solar and waste gas—for over 60% of its captive power needs.
It is recognised for its cost leadership in the steel industry and serves sectors like construction and engineering.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 |
|---|---|---|
| Assets | 241.88 | 177.11 |
| Total Income | 143.37 | 264.09 |
| Profit After Tax | 22.53 | 25.35 |
| Reserves and Surplus | 71.12 | 48.94 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Phase II Expansion (Project) | 173.32 |
| 2 | General Corporate Purpose | 3.26 |
| 3 | Issue Expenses | 7.35 |
| Total | 183.93 |
| KPI | Mar 31, 2005 |
|---|---|
| Debt/Equity | 0.56 |
| RoNW | 37.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.60% | 63.44% |
| Market Cap | ₹201.24 Cr. |
The Godawari Power & Ispat IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 2.03 | 86,95,000 | 1,76,26,480 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Underwriting and Selling Commission | 3.95 |
| 2 | Fees payable to Registrar, Legal Advisors and Auditors | 0.40 |
| 3 | Printing, Stationary and Postage | 1.25 |
| 4 | Advertisement and Marketing | 1.25 |
| 5 | Other expenses | 0.50 |
| Total | 7.35 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹81.00 | ₹81.00 |
| Open | ₹95.00 | ₹90.25 |
| Low | ₹95.00 | ₹90.25 |
| High | ₹135.80 | ₹136.00 |
| Last Trade | ₹103.15 | ₹103.15 |
Lead Manager Reports
Godawari Power & Ispat IPO is a main-board IPO of 86,95,000 equity shares of the face value of ₹10 aggregating up to ₹70 Crores. The issue is priced at ₹81 per share. The minimum order quantity is .
The IPO opens on Tue, Mar 28, 2006, and closes on Tue, Apr 4, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Godawari Power & Ispat IPO using UPI as a payment gateway. Zerodha customers can apply in Godawari Power & Ispat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Godawari Power & Ispat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Godawari Power & Ispat IPO opens on Tue, Mar 28, 2006 and closes on Tue, Apr 4, 2006.
Godawari Power & Ispat IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Godawari Power & Ispat 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 Godawari Power & Ispat IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Godawari Power & Ispat IPO allotment status.
The Godawari Power & Ispat IPO listing date is on Tue, Apr 25, 2006.
