Bookbuilding IPO | ₹257 Cr | Listed at BSE, NSE | Thu, Feb 2, 2006 - Tue, Feb 7, 2006
GVK Power & Infrastructure IPO is a book build issue of ₹256.54 crores. The issue is entirely a fresh issue of 0.83 crore shares of ₹256.54 crore.
GVK Power & Infrastructure IPO bidding started from Feb 2, 2006 and ended on Feb 7, 2006. The shares got listed on NSE and BSE on Feb 27, 2006.
GVK Power & Infrastructure IPO is set final issue price at ₹310 per share.
JM Morgan Stanley Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to GVK Power & Infrastructure IPO RHP for detailed Information.
IPO Open
Thu, Feb 2, 2006
IPO Close
Tue, Feb 7, 2006
Issue Price
₹310 per share
Market Cap (Pre-IPO)
₹732.98 Cr
| IPO Date | 2 to 7 Feb, 2006 |
| Listed on | Mon, Feb 27, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹260 to ₹310 |
| Issue Price | ₹310 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 82,75,556 shares (agg. up to ₹257 Cr) |
| Fresh Issue | 82,75,556 shares (agg. up to ₹257 Cr) |
| Share Holding Pre Issue | 1,53,68,889 shares |
| Share Holding Post Issue | 2,36,44,445 shares |
| BSE Script Code / NSE Symbol | 532708 / GVKPIL |
| ISIN | INE251H01024 |
GVK Power & Infrastructure IPO comprises a total issue size of 82,75,556 shares. The net offer to the public is 78,61,778 shares, after excluding 4,13,778 shares under a preferential allotment. Of the Net offer 39,30,889 (50.00%) are allocated to QIB, 11,79,267 (15.00%) allocated to NII 27,51,622 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 39,30,889 | 50.00% | 47.50% |
| NII (HNI) Shares Offered | 11,79,267 | 15.00% | 14.25% |
| Retail Shares Offered | 27,51,622 | 35.00% | 33.25% |
| Preferential Reservations | |||
| Shareholders Shares Offered | 4,13,778 | 5.00% | |
| Total Shares Offered | 82,75,556 | 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 |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
Incorporated in 1994, GVK Power & Infrastructure Limited (GVKPIL) is a part of the GVK Group and serves as the holding company for its power generation businesses. The company is engaged in the development, ownership, and operation of power projects, along with providing operations and maintenance services for its assets.
It held a majority stake in GVK Industries Limited, which operates the 216 MW Jegurupadu Phase I power plant and is in the process of commissioning the 220 MW Jegurupadu Phase II project. In addition, the company owned a significant equity stake in GVK Power Limited, which is developing a 464 MW combined cycle power plant.
GVKPIL aimed to expand its power portfolio and strengthen its position in the energy sector by increasing its stake in ongoing projects and investing in new opportunities.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 248.04 | 89.94 | 3.96 | 3.93 |
| Total Income | 11.73 | 7.36 | 7.36 | 10.05 |
| Profit After Tax | 4.23 | 1.76 | 2.55 | 4.30 |
| NET Worth | 109.78 | 5.34 | 3.64 | 3.66 |
| Reserves and Surplus | 4.25 | 5.31 | 3.61 | 3.62 |
| Total Borrowing | 134.20 | 84.20 | ||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Equity investment in GPL for setting up a 464 MW power plant | 95.30 |
| 2 | Repayment of bridge finance availed for funding the equity of GPL Power Project | 60.00 |
| 3 | Repayment of short term and long term debt in GVKPIL | 82.00 |
| 4 | General Corporate Purposes | 3.50 |
| 5 | Issue related Expenses | 15.75 |
| Total | 256.54 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 44.19% | 31.83% |
| Price to Book Value | 17.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.85% | 64.91% |
| Market Cap | ₹732.98 Cr. |
The GVK Power & Infrastructure IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 25.58 | 82,75,556 | 21,16,53,641 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 7.70 |
| 2 | Advertising and Marketing expenses | 2.50 |
| 3 | Printing and stationery | 2.55 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc.) | 3.00 |
| Total | 15.75 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹310.00 | ₹310.00 |
| Open | ₹350.00 | ₹376.00 |
| Low | ₹304.55 | ₹305.25 |
| High | ₹400.00 | ₹388.00 |
| Last Trade | ₹315.55 | ₹315.85 |
Lead Manager Reports
GVK Power & Infrastructure IPO is a main-board IPO of 82,75,556 equity shares of the face value of ₹10 aggregating up to ₹257 Crores. The issue is priced at ₹310 per share. The minimum order quantity is .
The IPO opens on Thu, Feb 2, 2006, and closes on Tue, Feb 7, 2006.
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 GVK Power & Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in GVK Power & Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GVK Power & Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GVK Power & Infrastructure IPO opens on Thu, Feb 2, 2006 and closes on Tue, Feb 7, 2006.
GVK Power & Infrastructure IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in GVK Power & 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 GVK Power & Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the GVK Power & Infrastructure IPO allotment status.
The GVK Power & Infrastructure IPO listing date is on Mon, Feb 27, 2006.
