Bookbuilding IPO | ₹140 Cr | Listed at BSE, NSE | Thu, May 8, 2008 - Tue, May 13, 2008
Gokul Refoils IPO is a book build issue of ₹139.59 crores. The issue is entirely a fresh issue of 0.72 crore shares of ₹139.59 crore.
Gokul Refoils IPO bidding started from May 8, 2008 and ended on May 13, 2008. The shares got listed on BSE, NSE on Jun 4, 2008.
Gokul Refoils IPO price band is set at ₹195 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,825 (35 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,050 shares), amounting to ₹2,04,750, and for bNII, it is 147 lots (5,145 shares), amounting to ₹10,03,275.
The issue includes a reservation of up to 75,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Gokul Refoils IPO RHP for detailed Information.
IPO Open
Thu, May 8, 2008
IPO Close
Tue, May 13, 2008
Issue Price
₹195 per share
Market Cap (Pre-IPO)
₹514.39 Cr
| IPO Date | 8 to 13 May, 2008 |
| Listed on | Wed, Jun 4, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹195 |
| Issue Price | ₹195 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 71,58,392 shares (agg. up to ₹140 Cr) |
| Fresh Issue | 71,58,392 shares (agg. up to ₹140 Cr) |
| Share Holding Pre Issue | 1,92,20,608 shares |
| Share Holding Post Issue | 2,63,79,000 shares |
| BSE Script Code / NSE Symbol | 532980 / GOKUL |
| ISIN | INE020J01029 |
Gokul Refoils IPO comprises a total issue size of 71,58,392 shares. The net offer to the public is 70,83,392 shares, after excluding 75,000 shares under a preferential allotment. Of the Net offer 35,41,696 (50.00%) are allocated to QIB, 10,62,508 (15.00%) allocated to NII 24,79,188 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 35,41,696 | 50.00% | 49.48% | NA |
| NII (HNI) Shares Offered | 10,62,508 | 15.00% | 14.84% | NA |
| Retail Shares Offered | 24,79,188 | 35.00% | 34.63% | 70,833 |
| Preferential Reservations | ||||
| Employee Shares Offered | 75,000 | 1.05% | NA | |
| Total Shares Offered | 71,58,392 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,825 |
| Retail (Max) | 29 | 1,015 | ₹1,97,925 |
| S-HNI (Min) | 30 | 1,050 | ₹2,04,750 |
| S-HNI (Max) | 146 | 5,110 | ₹9,96,450 |
| B-HNI (Min) | 147 | 5,145 | ₹10,03,275 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1992, Gokul Refoils and Solvent Limited is engaged in the business of Solvent Extraction, refining of Edible oils and Vanaspati manufacturing. The business of refining vegetable oils including seed procurement, processing, solvent extraction and marketing of edible oils. The major edible oils processed in the plant are Soybean Oil, Sunflower Oil, Palm Oil, Mustard Oil, Groundnut Oil and Vanaspati.
Company has 680 TPD of seed processing, 600 TPD of Solvent Extraction, 1200 TPD of refining and 200 TPD of Vanaspati manufacturing. The units are situated at Sidhpur (Sidhpur unit, North Gujarat), Anjar (Gandhidham unit, Kutch), Navi Pardi (Surat unit, South Gujarat), Kutch (Wind mills). Company setup Solvent Extraction plant and an oil refinery at Sidhpur, Refinery of 800 TPD and Vanaspati plant of 100 TPD at Kutch, Four environment friendly wind mills of 1.25 MW each in Kutch, 100 TPD operational refinery in Surat and co-generation power plant of 500 KWH at our Gandhidham unit. Towards expanding the scale of operations company setup two wholly owned subsidiaries in Mauritius and Singapore.
The Company is in the following lines of business:
| 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 | Setting up of a new 1500 TPD Soyabean processing plant near Gandhidham, Gujarat | 51.10 |
| 2 | Expansion of existing edible oil refinery at Surat from 100 TPD to 400 TPD | 12.31 |
| 3 | Further investment in the wholly owned subsidiary in Singapore | 25.00 |
| 4 | Funding part of the long term working capital | 60.70 |
| 5 | Brand building activities | 15.00 |
| 6 | Investment in increasing warehousing capacities and continuous Capex for existing units | 10.02 |
| 7 | General corporate purposes | 9.96 |
| 8 | Public Issue Expenses | 8.76 |
| KPI | |
|---|---|
| RoNW | 20% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.74% | 69.76% |
| Market Cap | ₹514.39 Cr. |
The Gokul Refoils IPO is subscribed 4.27 times on May 13, 2008 5:00:00 PM (Day 4). The public issue subscribed 5.59 times in the retail category, 2.72 times in the QIB category, and 6.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management Fees/Underwriting & Brokerage | 4.94 |
| 2 | Fees payable to Registrar including Postage | 0.26 |
| 3 | Advertising and Marketing expenses | 1.50 |
| 4 | Printing & Distribution of Stationery | 1.57 |
| 5 | Legal Fees | 0.18 |
| 6 | IPO Grading | 0.06 |
| 7 | Others expenses | 0.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹195.00 | ₹195.00 |
| Open | ₹203.45 | ₹219.90 |
| Low | ₹176.30 | ₹178.00 |
| High | ₹222.30 | ₹224.70 |
| Last Trade | ₹181.05 | ₹182.05 |
Lead Manager Reports
Gokul Refoils IPO is a main-board IPO of 71,58,392 equity shares of the face value of ₹10 aggregating up to ₹140 Crores. The issue is priced at ₹195 per share. The minimum order quantity is 35.
The IPO opens on Thu, May 8, 2008, and closes on Tue, May 13, 2008.
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 Gokul Refoils IPO using UPI as a payment gateway. Zerodha customers can apply in Gokul Refoils IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gokul Refoils IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gokul Refoils IPO opens on Thu, May 8, 2008 and closes on Tue, May 13, 2008.
Gokul Refoils IPO lot size is 35, and the minimum amount required for application is ₹6,825.
You can apply in Gokul Refoils 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 Gokul Refoils IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gokul Refoils IPO allotment status.
The Gokul Refoils IPO listing date is on Wed, Jun 4, 2008.
