Bookbuilding IPO | ₹133 Cr | Listed at BSE, NSE | Wed, Mar 30, 2005 - Wed, Apr 6, 2005
Gokaldas Exports IPO is a book build issue of ₹132.81 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹132.81 crore.
Gokaldas Exports IPO bidding started from Mar 30, 2005 and ended on Apr 6, 2005. The shares got listed on NSE and BSE on Apr 27, 2005.
Gokaldas Exports IPO is set final issue price at ₹425 per share.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gokaldas Exports IPO DRHP for detailed Information.
IPO Open
Wed, Mar 30, 2005
IPO Close
Wed, Apr 6, 2005
Issue Price
₹425 per share
Market Cap (Pre-IPO)
₹730.49 Cr
| IPO Date | 30 Mar to 6 Apr, 2005 |
| Listed on | Wed, Apr 27, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹375 to ₹425 |
| Issue Price | ₹425 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 31,25,000 shares (agg. up to ₹133 Cr) |
| Fresh Issue | 31,25,000 shares (agg. up to ₹133 Cr) |
| Share Holding Pre Issue | 1,40,63,000 shares |
| Share Holding Post Issue | 1,71,88,000 shares |
| BSE Script Code / NSE Symbol | 532630 / GOKEX |
| ISIN | INE887G01027 |
Gokaldas Exports IPO comprises a total issue size of 31,25,000 shares. Out of which, 18,75,000 (60.00%) are allocated to QIB, 4,68,750 (15.00%) allocated to NII 7,81,250 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 18,75,000 | 60.00% |
| NII (HNI) Shares Offered | 4,68,750 | 15.00% |
| Retail Shares Offered | 7,81,250 | 25.00% |
| Total Shares Offered | 31,25,000 | 100.00% |
Incorporated on March 1, 2004 as Gokaldas India Private Limited and subsequently renamed Gokaldas Exports Limited with effect from January 7, 2005, the company is one of India's leading apparel manufacturer-exporters, building on the legacy of the Gokaldas Exports Group established 25 years ago by the late Shri Jhamandas H. Hinduja in Bangalore.
The company is engaged in the design, manufacture and export of a wide range of garments for men, women and children, including outerwear such as coats, suits, jackets, parkas and ski wear, activewear, bottomwear and casualwear. It provides end-to-end solutions to global buyers covering designing, raw material sourcing, production, quality control and shipping.
Gokaldas Exports operates 38 manufacturing units and 5 support service units, all located in Bangalore, Karnataka, spread across approximately 19 lakh square feet with 258 production lines. The company also maintains in-house facilities for value-added services such as embroidery, printing, quilting and laundry. Its operations are supported by a customised ERP-based IT infrastructure integrating its entire supply chain.
Its buyers include leading global apparel brands and retailers such as Nike, GAP, Tommy Hilfiger, Adidas, Reebok, Abercrombie & Fitch, Walmart, Sears and The Metro Group, among others. The company exports to countries across North America, Europe, Asia, the Middle East and South Africa, with North America contributing approximately 67% of total sales in 2003-04.
As of December 31, 2004, the company employed over 31,500 employees. It holds ISO 9001:2000 certification and has been a consistent recipient of export performance awards from the Apparel Export Promotion Council and the Clothing Manufacturers Association of India since 1980-81
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 139.70 | 10.69 | 57.42 | 53.14 |
| Total Income | 382.84 | 465.73 | 375.17 | 370.12 |
| Profit After Tax | 24.70 | 2.94 | ||
| NET Worth | 139.14 | 10.63 | 57.42 | 53.14 |
| Reserves and Surplus | 126.13 | 2.94 | 0.00 | 1.31 |
| Total Borrowing | 129.44 | 124.07 | 29.15 | 5.34 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure - Setting up four new factories | 45.60 |
| 2 | Capital Expenditure - Modernization and expansion of our existing factories | 20.00 |
| 3 | General Corporate Purpose | 29.21 |
| 4 | Repayment of working capital loan | 30.00 |
| 5 | Meeting issue expenses | 8.00 |
| Total | 132.81 |
| KPI | Sep 30, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 19.86% | 311.21% |
| EBITDA Margin | 10.04% | 10.07% |
| Price to Book Value | 39.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.09 | 28.74 |
| P/E (x) | 203.48 | 14.79 |
| Promoter Holding | 93.99% | 76.9% |
| Market Cap | ₹730.49 Cr. |
The Gokaldas Exports IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 46.54 | 31,25,000 | 14,54,30,912 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management Fees, Underwriting Commission and Brokerage | 3.75 |
| 2 | Marketing & Advertisement Expenses | 1.50 |
| 3 | Stationary , Printing & Registrar Expenses | 1.00 |
| 4 | Legal fees, listing fees, book building charges, auditors fees | 0.75 |
| 5 | Miscelleneous | 1.00 |
| Total | 8.00 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹425.00 | ₹425.00 |
| Open | ₹500.00 | ₹566.00 |
| Low | ₹500.00 | ₹566.00 |
| High | ₹668.90 | ₹665.00 |
| Last Trade | ₹629.60 | ₹630.45 |
Lead Manager Reports
Gokaldas Exports IPO is a main-board IPO of 31,25,000 equity shares of the face value of ₹10 aggregating up to ₹133 Crores. The issue is priced at ₹425 per share. The minimum order quantity is .
The IPO opens on Wed, Mar 30, 2005, and closes on Wed, Apr 6, 2005.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gokaldas Exports IPO using UPI as a payment gateway. Zerodha customers can apply in Gokaldas Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gokaldas Exports IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gokaldas Exports IPO opens on Wed, Mar 30, 2005 and closes on Wed, Apr 6, 2005.
Gokaldas Exports IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gokaldas Exports 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 Gokaldas Exports IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gokaldas Exports IPO allotment status.
The Gokaldas Exports IPO listing date is on Wed, Apr 27, 2005.
