Bookbuilding FPO | ₹275 Cr | Listed at BSE, NSE | Thu, Oct 13, 2005 - Wed, Oct 19, 2005
Gujarat Industries Power CoLtd FPO is a book build issue of ₹275.00 crores. The issue is entirely a fresh issue of 4.04 crore shares of ₹275.00 crore.
Gujarat Industries Power CoLtd FPO bidding started from Oct 13, 2005 and ended on Oct 19, 2005. The shares got listed on NSE and BSE on Nov 8, 2005.
Gujarat Industries Power CoLtd FPO is set final issue price at ₹68 per share.
Almondz Global Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gujarat Industries Power CoLtd FPO RHP for detailed Information.
FPO Open
Thu, Oct 13, 2005
FPO Close
Wed, Oct 19, 2005
Issue Price
₹68 per share
Market Cap (Pre-IPO)
₹1,028.51 Cr
| IPO Date | 13 to 19 Oct, 2005 |
| Listed on | Tue, Nov 8, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹63 to ₹75 |
| Issue Price | ₹68 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,04,41,176 shares (agg. up to ₹275 Cr) |
| Reserved for Private Promoter | 1,10,29,411 shares (agg. up to ₹83 Cr) |
| Fresh Issue | 2,94,11,765 shares (agg. up to ₹200 Cr) |
| Net Offered to Public | 2,94,11,765 shares (agg. up to ₹200 Cr) |
| Share Holding Pre Issue | 11,08,10,012 shares |
| Share Holding Post Issue | 15,12,51,188 shares |
| BSE Script Code / NSE Symbol | 517300 / GIPCL |
| ISIN | INE162A01010 |
Gujarat Industries Power CoLtd FPO comprises a total issue size of 2,94,11,765 shares. The net offer to the public is 1,79,82,354 shares, after excluding 1,10,29,411 shares allotted on a firm basis and 4,00,000 shares under a preferential allotment. Of the Net offer 1,45,05,882 (50.00%) are allocated to QIB, 43,51,765 (15.00%) allocated to NII 1,01,54,118 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,45,05,882 | 50.00% | 49.32% |
| NII (HNI) Shares Offered | 43,51,765 | 15.00% | 14.80% |
| Retail Shares Offered | 1,01,54,118 | 35.00% | 34.52% |
| Preferential Reservations | |||
| Employee Shares Offered | 4,00,000 | 1.36% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 1,10,29,411 | 37.50% | |
| Total Shares Offered | 2,94,11,765 | 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/NII limits | Yes (EMP/RII) |
Incorporated in 1985, Gujarat Industries Power Company Limited is an India-based power generator with a 1,184.4 MW capacity, focusing on thermal (gas and lignite) and renewable (wind and solar) plants in Gujarat. Based in Vadodara, it is promoted by prominent Gujarat State enterprises like GUVNL, GSFC, and GACL.
The company operates high-capacity power projects, including Vadodara Combined Cycle and Surat Lignite Power Plants.
GIPCL is increasingly focused on renewable energy, including wind and solar assets.
The company operates its own captive lignite mines at Vastan, Valia, and Mangrol to fuel its Surat Lignite Power Plant.
GIPCL has long-term Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd. (GUVNL).
The company aims to become a national-level power sector enterprise, providing reliable, competitive power.
| Period Ended | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 1,660.40 | 1,654.30 | 1,963.30 | 2,103.50 |
| Total Income | 214.60 | 774.10 | 774.10 | 843.50 |
| Profit After Tax | 42.70 | 103.70 | 67.20 | 23.20 |
| NET Worth | 587.60 | 541.00 | 467.70 | 444.20 |
| Reserves and Surplus | 476.80 | 430.20 | 348.70 | 308.70 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Site Development and Civil Works | 146.70 |
| 2 | Plant and Machinery | 798.40 |
| 3 | Pre-operative Expenses (including issue expenses) | 21.50 |
| 4 | Margin money for working capital | 18.90 |
| 5 | Contingency | 28.30 |
| 6 | Financing cost (includes processing cost and upfront fee payable) | 14.40 |
| 7 | Interest during construction | 88.80 |
| Total | 1,117.00 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 18.08% |
| Price to Book Value | 1.28 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.36 | 11.29 |
| P/E (x) | 7.27 | 6.02 |
| Promoter Holding | 68.18% | 59.22% |
| Market Cap | ₹1,028.51 Cr. |
The Gujarat Industries Power CoLtd FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 4.36 | 2,94,11,765 | 12,82,80,201 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee, underwriting and selling commission | 3.60 |
| 2 | Registrars Expenses | 2.28 |
| 3 | Advertisement & Marketing expenses | 2.00 |
| 4 | Printing, stationery including transportation of the same | 1.60 |
| 5 | Others (Legal fee, Listing fee etc.) | 0.15 |
| Total | 9.63 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹68.00 | ₹68.00 |
| Open | ₹67.05 | ₹67.15 |
| Low | ₹66.50 | ₹66.15 |
| High | ₹68.00 | ₹68.00 |
| Last Trade | ₹67.35 | ₹66.95 |
Gujarat Industries Power CoLtd FPO is a main-board FPO of 4,04,41,176 equity shares of the face value of ₹10 aggregating up to ₹275 Crores. The issue is priced at ₹68 per share. The minimum order quantity is .
The FPO opens on Thu, Oct 13, 2005, and closes on Wed, Oct 19, 2005.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gujarat Industries Power CoLtd FPO using UPI as a payment gateway. Zerodha customers can apply in Gujarat Industries Power CoLtd FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gujarat Industries Power CoLtd FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gujarat Industries Power CoLtd FPO opens on Thu, Oct 13, 2005 and closes on Wed, Oct 19, 2005.
Gujarat Industries Power CoLtd FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gujarat Industries Power CoLtd FPO 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 Gujarat Industries Power CoLtd FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gujarat Industries Power CoLtd FPO allotment status.
The Gujarat Industries Power CoLtd FPO listing date is on .
