Bookbuilding IPO | ₹2,444 Cr | Listed at BSE, NSE | Mon, Feb 12, 2007 - Thu, Feb 15, 2007
Idea Cellular IPO is a book build issue of ₹2,443.75 crores. The issue is entirely a fresh issue of 32.58 crore shares of ₹2,443.75 crore.
Idea Cellular IPO bidding started from Feb 12, 2007 and ended on Feb 15, 2007. The shares got listed on BSE, NSE on Mar 9, 2007.
Idea Cellular IPO price band is set at ₹75 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,750 (90 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,700 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (13,410 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 66,66,666 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Idea Cellular IPO RHP for detailed Information.
IPO Open
Mon, Feb 12, 2007
IPO Close
Thu, Feb 15, 2007
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹19,765.20 Cr
| IPO Date | 12 to 15 Feb, 2007 |
| Listed on | Fri, Mar 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 32,58,33,333 shares (agg. up to ₹2,444 Cr) |
| Fresh Issue | 32,58,33,333 shares (agg. up to ₹2,444 Cr) |
| Share Holding Pre Issue | 2,30,95,27,206 shares |
| Share Holding Post Issue | 2,63,53,60,539 shares |
| BSE Script Code / NSE Symbol | 532822 / IDEA |
| ISIN | INE669E01016 |
Idea Cellular IPO comprises a total issue size of 32,58,33,333 shares. The net offer to the public is 31,91,66,667 shares, after excluding 66,66,666 shares under a preferential allotment. Of the Net offer 19,15,00,000 (60.00%) are allocated to QIB, 3,19,16,667 (10.00%) allocated to NII 9,57,50,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 19,15,00,000 | 60.00% | 58.77% | NA |
| NII (HNI) Shares Offered | 3,19,16,667 | 10.00% | 9.80% | NA |
| Retail Shares Offered | 9,57,50,000 | 30.00% | 29.39% | 10,63,888 |
| Preferential Reservations | ||||
| Employee Shares Offered | 66,66,666 | 2.05% | NA | |
| Total Shares Offered | 32,58,33,333 | 100.00% | 100.00% | |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (Max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (Min) | 149 | 13,410 | ₹10,05,750 |
| 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 |
Idea Cellular Limited, an Aditya Birla Group company is a leading mobile operator in India and currently operates in 11 Circles.
Following the growth opportunities in the Indian telecommunications market, Idea Cellular is among fastest growing mobile operator.
Idea Cellular provide mobile services in 11 Circles in India, namely the metropolitan Circle of Delhi, the category A Circles of Andhra Pradesh, Gujarat and Maharashtra, the category B Circles of Haryana, Kerala, Madhya Pradesh, Rajasthan, Uttar Pradesh (East) and Uttar Pradesh (West) and the category C Circle of Himachal Pradesh.
More facts:
1. For the financial years 2005 and 2006, Idea's gross revenues were approximately Rs. 22.68 billion and Rs. 29.73 billion, respectively.
2. Idea Recently got license for the Mumbai and Bihar Circles.
| 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 | Building, strengthening and expanding our network and related services in the New Circles | 157.11 |
| 2 | Entry Fee and capital expenditure for NLD operations | 8.33 |
| 3 | Roll out for services in Mumbai Circle | 64.70 |
| 4 | Redemption of Preference Shares | 75.67 |
| 5 | Issue Expenses | 8.25 |
| KPI | |
|---|---|
| RoNW | 18.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 65.8% | 58.6% |
| Market Cap | ₹19,765.20 Cr. |
The Idea Cellular IPO is subscribed 49.51 times on February 15, 2007 5:00:00 PM (Day 4). The public issue subscribed 3.87 times in the retail category, 78.68 times in the QIB category, and 22.82 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 | 28.09 |
| 2 | Advertising and marketing expenses | 16.61 |
| 3 | Printing and stationery | 18.04 |
| 4 | Other (Registrar’s fees, legal fees, etc.) | 19.76 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹92.40 | ₹85.00 |
| Low | ₹84.00 | ₹84.40 |
| High | ₹94.25 | ₹92.00 |
| Last Trade | ₹85.55 | ₹85.70 |
Idea Cellular IPO is a main-board IPO of 32,58,33,333 equity shares of the face value of ₹10 aggregating up to ₹2,444 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
The IPO opens on Mon, Feb 12, 2007, and closes on Thu, Feb 15, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Idea Cellular IPO using UPI as a payment gateway. Zerodha customers can apply in Idea Cellular IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Idea Cellular IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Idea Cellular IPO opens on Mon, Feb 12, 2007 and closes on Thu, Feb 15, 2007.
Idea Cellular IPO lot size is 90, and the minimum amount required for application is ₹6,750.
You can apply in Idea Cellular 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 Idea Cellular IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Idea Cellular IPO allotment status.
The Idea Cellular IPO listing date is on Fri, Mar 9, 2007.
