Bookbuilding IPO | ₹10 Cr | Listed at NSE SME | Fri, Apr 27, 2018 - Thu, May 3, 2018
Godha Cabcon IPO is a book build issue of ₹9.91 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹9.91 crore.
Godha Cabcon IPO bidding started from Apr 27, 2018 and ended on May 3, 2018. The shares got listed on NSE SME on May 11, 2018.
Godha Cabcon IPO price band is set at ₹33 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,32,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,64,000.
Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Sparkle Securities Solutions Pvt.Ltd..
Refer to Godha Cabcon IPO RHP for detailed Information.
IPO Open
Fri, Apr 27, 2018
IPO Close
Thu, May 3, 2018
Issue Price
₹33 per share
Market Cap (Pre-IPO)
₹36.63 Cr
| IPO Date | 27 Apr to 3 May, 2018 |
| Listed on | Fri, May 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹33 |
| Issue Price | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,04,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,60,000 shares Sparkle Securities Solutions Pvt.Ltd. (agg. up to ₹0.5280 Cr) |
| Fresh Issue (Ex Market Maker) | 28,44,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 28,44,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 81,00,000 shares |
| Share Holding Post Issue | 1,11,00,000 shares |
| NSE Symbol | GODHA |
| ISIN | INE925Y01010 |
Godha Cabcon IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,40,000 shares, after excluding 1,60,000 shares allotted on a firm basis. Of the Net offer 14,20,000 (50.00%) are allocated to QIB, 4,26,000 (15.00%) allocated to NII 9,94,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,20,000 | 50.00% | 47.33% |
| NII (HNI) Shares Offered | 4,26,000 | 15.00% | 14.20% |
| Retail Shares Offered | 9,94,000 | 35.00% | 33.13% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,60,000 | 5.33% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,32,000 |
| Retail (Max) | 1 | 4,000 | ₹1,32,000 |
| HNI (Min) | 2 | 8,000 | ₹2,64,000 |
Incorporated in 2016, Madhya Pradesh based Godha Cabcon & Insulation Limited is engaged in the business of manufacturing of ACSR/AAAC/AAC Conductors.
The company's sales/supply activities are tender/order based. It was successful in getting various tenders and orders from State Electricity Board in a timely manner. Few of the heavy tenders were from:
1) Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. Ltd. (Bhopal) for Rs 21 Crore in the year 2015 for AAAC Conductor. Earlier it received an order for Rs 25 Crores and in 2016 further received an order for Rs 12.5 Crores (extension) due to before time delivery and better quality of products.
2) Madhya Pradesh Poorva Kshetra Vidyut Vitaran Co. Ltd. for Rs 12.5 Crore in the year 2017 for AAAC Rabbit Conductor.
3) Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd (Indore) for Rs 35 Crore in the year 2015 for AAAC Rabbit conductor.
It has 16 permanent employees at its manufacturing facility.
| 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 | To meet the Working Capital Requirements | 7.65 |
| 2 | To meet General Corporate Expenses | 1.23 |
The Godha Cabcon Insulation IPO is subscribed 1.39 times on May 3, 2018 5:00:00 PM (Day 4). The public issue subscribed 1.69 times in the retail category, [.] times in the QIB category, and 1.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.1 | 14,20,000 | 15,56,000 |
| Retail | 1.69 | 14,20,000 | 24,00,000 |
| Total | 1.39 | 28,40,000 | 39,56,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors,Market Maker, Registrars, Syndicate Members and other out of pocket expenses. | 0.75 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.05 |
| 3 | Advertisement & Marketing Expenses | 0.15 |
| 4 | Regulatory & other expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹31.00 |
| Low | ₹31.00 |
| High | ₹31.00 |
| Last Trade | ₹31.00 |
Lead Manager Reports
Godha Cabcon IPO is a SME IPO of 30,04,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Apr 27, 2018, and closes on Thu, May 3, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Godha Cabcon IPO using UPI as a payment gateway. Zerodha customers can apply in Godha Cabcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Godha Cabcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Godha Cabcon IPO opens on Fri, Apr 27, 2018 and closes on Thu, May 3, 2018.
Godha Cabcon IPO lot size is 4000, and the minimum amount required for application is ₹1,32,000.
You can apply in Godha Cabcon 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 Godha Cabcon IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Godha Cabcon IPO allotment status.
The Godha Cabcon IPO listing date is on Fri, May 11, 2018.
