Bookbuilding IPO | ₹81 Cr | Listed at BSE, NSE | Mon, Sep 4, 2006 - Thu, Sep 7, 2006
HOV Services IPO is a book build issue of ₹81.00 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹81.00 crore.
HOV Services IPO bidding started from Sep 4, 2006 and ended on Sep 7, 2006. The shares got listed on the NSE and the BSE on Sep 27, 2006.
HOV Services IPO is set final issue price at ₹200 per share. The lot size for an application is 25 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (25 shares) (based on upper price). The lot size investment for sNII is 41 lots (1,025 shares), amounting to ₹2,05,000, and for bNII, it is 201 lots (5,025 shares), amounting to ₹10,05,000.
BOFA Securities India Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to HOV Services IPO RHP for detailed Information.
IPO Open
Mon, Sep 4, 2006
IPO Close
Thu, Sep 7, 2006
Issue Price
₹200 per share
Market Cap (Pre-IPO)
₹251.08 Cr
| IPO Date | 4 to 7 Sep, 2006 |
| Listed on | Wed, Sep 27, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹200 to ₹240 |
| Issue Price | ₹200 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 40,50,000 shares (agg. up to ₹81 Cr) |
| Fresh Issue | 40,50,000 shares (agg. up to ₹81 Cr) |
| Share Holding Pre Issue | 85,04,045 shares |
| Share Holding Post Issue | 1,25,54,045 shares |
| BSE Script Code / NSE Symbol | 532761 / HOVS |
| ISIN | INE596H01014 |
HOV Services IPO comprises a total issue size of 40,50,000 shares. Out of which, 20,25,000 (50.00%) are allocated to QIB, 6,07,500 (15.00%) allocated to NII 14,17,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 20,25,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 6,07,500 | 15.00% | NA |
| Retail Shares Offered | 14,17,500 | 35.00% | 56,700 |
| Total Shares Offered | 40,50,000 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹5,000 |
| Retail (Max) | 40 | 1,000 | ₹2,00,000 |
| S-HNI (Min) | 41 | 1,025 | ₹2,05,000 |
| S-HNI (Max) | 200 | 5,000 | ₹10,00,000 |
| B-HNI (Min) | 201 | 5,025 | ₹10,05,000 |
HOV Services is a leading Business Process Outsourcing (BPO) provider servicing the finance and accounting sector.
HOV has clients in telecommunications, healthcare, insurance, construction, finance and banking industries. It has offices around 14 cities and having around 850 employees.
HOV Services provides:
1. Customer Care, Retention and Win Back Programs;
2. Billing, Remittance Processing and First Party Communication;
3. Early and Late Stage Debt Collection;
4. Litigation, Dispute Resolution and Attorney Speciality Collections;
5. Analysis, Stratification and Reporting;
6. Insurance Eligibility Verification, Claims Submission, Follow-up and Appeal;
7. Collection Education Programs.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 12.48 | 3.32 | 0.58 |
| Total Income | 4.65 | 4.86 | 1.96 |
| Profit After Tax | 2.61 | 2.57 | 0.22 |
| NET Worth | 11.12 | 3.00 | 0.43 |
| Reserves and Surplus | 2.61 | 2.91 | 0.11 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Planned capital expenditure | 21.08 |
| 2 | To infuse funds into our Subsidiary for redemption of Class B Units issued by the Subsidiary | 65.53 |
| 3 | Issue expenses | 14.28 |
| Total | 100.89 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 23.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 81.7% | 55.3% |
| Market Cap | ₹251.08 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 8.18 |
| 2 | Advertising and Marketing expenses | 1.34 |
| 3 | Printing and stationery | 1.52 |
| 4 | Registrars fee, legal fee, etc. | 1.08 |
| 5 | Others | 2.16 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹200.00 | ₹200.00 |
| Open | ₹200.00 | ₹204.00 |
| Low | ₹177.10 | ₹177.25 |
| High | ₹208.80 | ₹234.00 |
| Last Trade | ₹179.75 | ₹180.30 |
Lead Manager Reports
HOV Services IPO is a main-board IPO of 40,50,000 equity shares of the face value of ₹10 aggregating up to ₹81 Crores. The issue is priced at ₹200 per share. The minimum order quantity is 25.
The IPO opens on Mon, Sep 4, 2006, and closes on Thu, Sep 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 HOV Services IPO using UPI as a payment gateway. Zerodha customers can apply in HOV Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HOV Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HOV Services IPO opens on Mon, Sep 4, 2006 and closes on Thu, Sep 7, 2006.
HOV Services IPO lot size is 25, and the minimum amount required for application is ₹5,000.
You can apply in HOV Services 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 HOV Services IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the HOV Services IPO allotment status.
The HOV Services IPO listing date is on Wed, Sep 27, 2006.
