Bookbuilding IPO | ₹59 Cr | Listed at BSE, NSE | Thu, Mar 8, 2007 - Mon, Mar 19, 2007
Gremach Infrastructure IPO is a book build issue of ₹59.00 crores. The issue is entirely a fresh issue of 0.69 crore shares of ₹59.00 crore.
Gremach Infrastructure IPO bidding started from Mar 8, 2007 and ended on Mar 19, 2007. The shares got listed on BSE, NSE on Apr 11, 2007.
Gremach Infrastructure IPO price band is set at ₹86 per share. The lot size for an application is 70. The minimum amount of investment required by an retail is ₹6,020 (70 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,380 shares), amounting to ₹2,04,680, and for bNII, it is 167 lots (11,690 shares), amounting to ₹10,05,340.
The issue includes a reservation of up to 6,86,046 shares for employees offered at a discount of ₹0.00 to the issue price.
RR Investors Capital Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Gremach Infrastructure IPO RHP for detailed Information.
IPO Open
Thu, Mar 8, 2007
IPO Close
Mon, Mar 19, 2007
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹130.87 Cr
| IPO Date | 8 to 19 Mar, 2007 |
| Listed on | Wed, Apr 11, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹72 to ₹86 |
| Issue Price | ₹86 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 68,60,466 shares (agg. up to ₹59 Cr) |
| Fresh Issue | 68,60,466 shares (agg. up to ₹59 Cr) |
| Share Holding Pre Issue | 83,57,300 shares |
| Share Holding Post Issue | 1,52,17,766 shares |
| BSE Script Code / NSE Symbol | 532836 / GREMACH |
| ISIN | INE391H01010 |
Gremach Infrastructure IPO comprises a total issue size of 68,60,466 shares. The net offer to the public is 61,74,420 shares, after excluding 6,86,046 shares under a preferential allotment. Of the Net offer 30,87,210 (50.00%) are allocated to QIB, 9,26,163 (15.00%) allocated to NII 21,61,047 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 30,87,210 | 50.00% | 45.00% | NA |
| NII (HNI) Shares Offered | 9,26,163 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 21,61,047 | 35.00% | 31.50% | 30,872 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,86,046 | 10.00% | NA | |
| Total Shares Offered | 68,60,466 | 100.00% | 100.00% | |
Investors can bid for a minimum of 70 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹6,020 |
| Retail (Max) | 33 | 2,310 | ₹1,98,660 |
| S-HNI (Min) | 34 | 2,380 | ₹2,04,680 |
| S-HNI (Max) | 166 | 11,620 | ₹9,99,320 |
| B-HNI (Min) | 167 | 11,690 | ₹10,05,340 |
| 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 |
Gremach Infrastructure Equipments & Projects Limited is in the business of providing rental of construction /earthmoving machineries to medium / large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities chiefly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects.
In addition to renting Gremach owned equipments, Gremach also hire equipments owned by other parties and rent to our own clients. In the past over 65% of Gremach total rental incomes are derived from equipments, which are exclusively owned by third parties.
| 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 | Purchase of Construction Equipment | 60.99 |
| 2 | General Corporate Purpose | 6.61 |
| 3 | Public Issue Expenses | 5.90 |
| KPI | |
|---|---|
| RoNW | 15.3% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.44% | 53.52% |
| Market Cap | ₹130.87 Cr. |
The Gremach IPO is subscribed 1.13 times on March 19, 2007 5:00:00 PM (Day 8). The public issue subscribed 0.38 times in the retail category, 0.34 times in the QIB category, and 6.31 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 | Printing & Distribution | 0.60 |
| 2 | Issue Advertisements | 0.77 |
| 3 | Issue Management Fee | 1.84 |
| 4 | Underwriting & Selling Commission | 1.62 |
| 5 | Registrars Expenses | 0.03 |
| 6 | Other costs including fee to legal Advisors, Stamp Duty, Listing Fee, Contingencies etc. | 1.04 |
Book Running Lead Manager to the issue has informed the Exchange that the issue will close on March 19, 2007 instead of the earlier closing day of March 14, 2007. Further price band has been revised from Rs.75/- to Rs.90/- per share to Rs.72/- to Rs.86/- per share.
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹92.00 |
| Low | ₹80.70 |
| High | ₹100.00 |
| Last Trade | ₹83.95 |
Lead Manager Reports
Gremach Infrastructure IPO is a main-board IPO of 68,60,466 equity shares of the face value of ₹10 aggregating up to ₹59 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 70.
The IPO opens on Thu, Mar 8, 2007, and closes on Mon, Mar 19, 2007.
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 Gremach Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Gremach Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gremach Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gremach Infrastructure IPO opens on Thu, Mar 8, 2007 and closes on Mon, Mar 19, 2007.
Gremach Infrastructure IPO lot size is 70, and the minimum amount required for application is ₹6,020.
You can apply in Gremach Infrastructure 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 Gremach Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gremach Infrastructure IPO allotment status.
The Gremach Infrastructure IPO listing date is on Wed, Apr 11, 2007.
