Bookbuilding IPO | ₹363 Cr | Listed at BSE, NSE | Tue, Jan 16, 2007 - Tue, Jan 23, 2007
House of Pearl Fashions IPO is a book build issue of ₹362.84 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹295.45 crores and offer for sale of 0.12 crore shares aggregating to ₹67.39 crores.
House of Pearl Fashions IPO bidding started from Jan 16, 2007 and ended on Jan 23, 2007. The shares got listed on BSE, NSE on Feb 15, 2007.
House of Pearl Fashions IPO price band is set at ₹550 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹6,000 (10 shares) (based on upper price). The lot size investment for sNII is 37 lots (370 shares), amounting to ₹2,03,500, and for bNII, it is 182 lots (1,820 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 1,22,600 shares for employees offered at a discount of ₹0.00 to the issue price.
JM Morgan Stanley Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to House of Pearl Fashions IPO RHP for detailed Information.
IPO Open
Tue, Jan 16, 2007
IPO Close
Tue, Jan 23, 2007
Issue Price
₹550 per share
Market Cap (Pre-IPO)
₹1,082.54 Cr
| IPO Date | 16 to 23 Jan, 2007 |
| Listed on | Thu, Feb 15, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹525 to ₹600 |
| Issue Price | ₹550 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 65,97,054 shares (agg. up to ₹363 Cr) |
| Fresh Issue | 53,71,854 shares (agg. up to ₹295 Cr) |
| Offer for Sale | 12,25,200 shares of ₹10 (agg. up to ₹67 Cr) |
| Share Holding Pre Issue | 1,43,10,643 shares |
| Share Holding Post Issue | 1,96,82,497 shares |
| BSE Script Code / NSE Symbol | 532808 / PGIL |
| ISIN | INE940H01014 |
House of Pearl Fashions IPO comprises a total issue size of 65,97,054 shares. The net offer to the public is 64,74,454 shares, after excluding 1,22,600 shares under a preferential allotment. Of the Net offer 32,37,227 (50.00%) are allocated to QIB, 9,71,168 (15.00%) allocated to NII 22,66,059 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 32,37,227 | 50.00% | 49.07% | NA |
| NII (HNI) Shares Offered | 9,71,168 | 15.00% | 14.72% | NA |
| Retail Shares Offered | 22,66,059 | 35.00% | 34.35% | 2,26,605 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,22,600 | 1.86% | NA | |
| Total Shares Offered | 65,97,054 | 100.00% | 100.00% | |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹5,500 |
| Retail (Max) | 36 | 360 | ₹1,98,000 |
| S-HNI (Min) | 37 | 370 | ₹2,03,500 |
| S-HNI (Max) | 181 | 1,810 | ₹9,95,500 |
| B-HNI (Min) | 182 | 1,820 | ₹10,01,000 |
| 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 |
House of Pearl Fashions Limited (HOPFL) is a multinational, ready-to-wear apparel company operating in three business streams: manufacturing, marketing and distribution, and sourcing of garments. They also provide total supply chain solutions to their customers, which include value retailers as well as higher-end fashion brand retailers in the United States and Europe. House of Pearl Fashions multi-stream business model enables them to offer multi-country, multi-gender and multi-product options to there global customers.
House of Pearl Fashions currently operate ten modern ready-to-wear apparel manufacturing facilities, of which six are located in North India, one in South India, two in Bangladesh and one in Indonesia, which enable us to leverage each location’s relative advantage in a particular product category.
House of Pearl Fashions has marketing and distribution offices in the U.K., the U.S. and Hong Kong to cater Canada, Europe, Hong Kong, U.K., U.S and other countries.
| 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 | Establishment of a new woven manufacturing facility by Pearl Global at SIPCOT Industrial Park, Irungattukottai, India | 14.85 |
| 2 | Establishment of a new wovens and knits manufacturing facility by Pearl Global at Narsingpur, Gurgaon, Haryana, India | 12.50 |
| 3 | Acquisition of an existing knitted garment manufacturing facility by Pearl Global in Khandsa, Gurgaon, Haryana, India | 5.40 |
| 4 | Establishment of a new knits manufacturing facility by Mor Knitt in Dhaka, Bangladesh | 25.00 |
| 5 | Investment in Pearl Global for establishment of a design centre and corporate office in Gurgaon | 15.00 |
| 6 | Setting up an integrated information technology system | 14.30 |
| 7 | Pre-payment of certain term loans availed by the Company and its Subsidiaries | 55.00 |
| 8 | Investment in its subsidiary company, Multinational Textiles, for payment of purchase consideration to SACB Holdings Limited and Pallas Holdings Limited as part of the group reorganisation | 51.07 |
| 9 | Setting up a domestic branded apparel retail business | 6.45 |
| 10 | Acquisition of an existing brand in the U.K. or the U.S. for retail outside India | 40.00 |
| 11 | General corporate purposes |
| KPI | |
|---|---|
| RoNW | 8.51% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.62% | 66.82% |
| Market Cap | ₹1,082.54 Cr. |
The House of Pearl IPO is subscribed 3.91 times on January 23, 2007 5:00:00 PM (Day 6). The public issue subscribed 1.81 times in the retail category, 6.34 times in the QIB category, and 1.14 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, underwriting and selling commissions | 7.44 |
| 2 | Advertising and marketing expenses | 4.40 |
| 3 | Printing and stationery | 3.00 |
| 4 | Other (Registrar’s fees, legal fees, etc.) | 3.02 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹550.00 | ₹550.00 |
| Open | ₹500.00 | ₹499.90 |
| Low | ₹445.05 | ₹444.20 |
| High | ₹580.25 | ₹525.00 |
| Last Trade | ₹469.40 | ₹469.95 |
Lead Manager Reports
House of Pearl Fashions IPO is a main-board IPO of 65,97,054 equity shares of the face value of ₹10 aggregating up to ₹363 Crores. The issue is priced at ₹550 per share. The minimum order quantity is 10.
The IPO opens on Tue, Jan 16, 2007, and closes on Tue, Jan 23, 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 House of Pearl Fashions IPO using UPI as a payment gateway. Zerodha customers can apply in House of Pearl Fashions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in House of Pearl Fashions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The House of Pearl Fashions IPO opens on Tue, Jan 16, 2007 and closes on Tue, Jan 23, 2007.
House of Pearl Fashions IPO lot size is 10, and the minimum amount required for application is ₹5,500.
You can apply in House of Pearl Fashions 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 House of Pearl Fashions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the House of Pearl Fashions IPO allotment status.
The House of Pearl Fashions IPO listing date is on Thu, Feb 15, 2007.
