Bookbuilding IPO | ₹700 Cr | Listed at BSE, NSE | Thu, Mar 11, 2010 - Mon, Mar 15, 2010
IL&FS Transportation IPO is a book build issue of ₹700.00 crores. The issue is a combination of fresh issue of 2.29 crore shares aggregating to ₹589.61 crores and offer for sale of 0.43 crore shares aggregating to ₹110.39 crores.
IL&FS Transportation IPO bidding started from Mar 11, 2010 and ended on Mar 15, 2010. The shares got listed on BSE, NSE on Mar 30, 2010.
IL&FS Transportation IPO price band is set at ₹258 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,450 (25 shares) (based on upper price). The lot size investment for sNII is 32 lots (800 shares), amounting to ₹2,06,400, and for bNII, it is 156 lots (3,900 shares), amounting to ₹10,06,200.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to IL&FS Transportation IPO RHP for detailed Information.
IPO Open
Thu, Mar 11, 2010
IPO Close
Mon, Mar 15, 2010
Issue Price
₹258 per share
Market Cap (Pre-IPO)
₹5,012.11 Cr
| IPO Date | 11 to 15 Mar, 2010 |
| Listed on | Tue, Mar 30, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹242 to ₹258 |
| Issue Price | ₹258 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,71,31,782 shares (agg. up to ₹700 Cr) |
| Fresh Issue | 2,28,52,938 shares (agg. up to ₹590 Cr) |
| Offer for Sale | 42,78,844 shares of ₹10 (agg. up to ₹110 Cr) |
| Share Holding Pre Issue | 17,14,14,794 shares |
| Share Holding Post Issue | 19,42,67,732 shares |
| BSE Script Code / NSE Symbol | 533177 / IL&FSTRANS |
| ISIN | INE975G01012 |
IL&FS Transportation IPO comprises a total issue size of 2,71,31,782 shares. Out of which, 1,62,79,070 (60.00%) are allocated to QIB, 27,13,178 (10.00%) allocated to NII 81,39,534 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,62,79,070 | 60.00% | NA |
| − Anchor Investor Shares Offered | 48,83,720 | 18.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,13,95,350 | 42.00% | NA |
| NII (HNI) Shares Offered | 27,13,178 | 10.00% | NA |
| Retail Shares Offered | 81,39,534 | 30.00% | 3,25,581 |
| Total Shares Offered | 2,71,31,782 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,450 |
| Retail (Max) | 31 | 775 | ₹1,99,950 |
| S-HNI (Min) | 32 | 800 | ₹2,06,400 |
| S-HNI (Max) | 155 | 3,875 | ₹9,99,750 |
| B-HNI (Min) | 156 | 3,900 | ₹10,06,200 |
Incorporated in 2000, IL&FS Transportation Networks Limited is an established ISO 9000:2001 surface transportation infrastructure company, and one of the largest private sector BOT road operators in India.
IL&FS Transportation has been involved in the development, operation and maintenance of national and state highways, roads, flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala and Rajasthan. Company have a pan-India presence in the BOT road sector and have interests in a diverse project portfolio consisting of 16 road projects, comprising approximately 8,875 Lane kms, which includes 3,601 Lane kms under operation and maintenance and 5,274 Lane kms under development (of which 1,263 Lane kms under construction).
Company's completed projects include:
1. North Karnataka Expressway (Belgaum Maharashtra Border Road)
2. West Gujarat Expressway (Jetpur Rajkot Gondal Road)
3. NOIDA Toll Bridge
4. Vadodara - Halol Road
5. Ahmedabad - Mehsana Road
6. Nagpur City Bus Project
7. Thiruvananthapuram City Roads (Phase I)
In addition, Company is currently developing 12 road projects in the States of Andhra Pradesh, Chhattisgarh, Jharkhand, Kerala, Rajasthan, and Maharashtra. Out of these 12 projects, six projects are currently in the construction phase and the remaining six projects are in the pre-construction phase of development.
| 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 | Funding pre-payment and repayment of a portion of debt availed by the Company; | 589.61 |
| 2 | General corporate purposes | 29.45 |
| KPI | |
|---|---|
| RoNW | 5.18% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.09% | 75.09% |
| Market Cap | ₹5,012.11 Cr. |
The ILFS Transportation IPO is subscribed 33.42 times on March 15, 2010 7:00:00 PM (Day 3). The public issue subscribed 4.56 times in the retail category, 52.61 times in the QIB category, and 39.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 52.61 | 1,21,48,761 | |
| NII | 39.39 | 28,92,562 | |
| Retail | 4.56 | 86,77,686 | |
| Total | 33.42 | 2,37,19,009 |
CARE and Fitch has assigned an IPO Grade 4 to IL&FS Transportation Networks Ltd IPO. This means as per CARE and Fitch, company has 'Above Average Fundamentals'. CARE and Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for IL&FS Transportation Networks Ltd
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, underwriting commission and selling commission (including commission to SCSBs for ASBA applications) | 20.00 |
| 2 | Registrar’s fee | 0.06 |
| 3 | Advertisement and marketing expenses | 2.64 |
| 4 | Printing and distribution expenses | 0.77 |
| 5 | Advisors | 1.92 |
| 6 | Bankers to the Issue | |
| 7 | IPO grading expenses | 0.20 |
| 8 | Others (SEBI filing fees, bidding software expenses, depository charges, listing fees, etc.) | 3.87 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹258.00 | ₹258.00 |
| Open | ₹287.00 | ₹266.60 |
| Low | ₹270.10 | ₹266.60 |
| High | ₹295.00 | ₹299.00 |
| Last Trade | ₹273.75 | ₹274.65 |
IL&FS Transportation IPO is a main-board IPO of 2,71,31,782 equity shares of the face value of ₹10 aggregating up to ₹700 Crores. The issue is priced at ₹258 per share. The minimum order quantity is 25.
The IPO opens on Thu, Mar 11, 2010, and closes on Mon, Mar 15, 2010.
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 IL&FS Transportation IPO using UPI as a payment gateway. Zerodha customers can apply in IL&FS Transportation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IL&FS Transportation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IL&FS Transportation IPO opens on Thu, Mar 11, 2010 and closes on Mon, Mar 15, 2010.
IL&FS Transportation IPO lot size is 25, and the minimum amount required for application is ₹6,450.
You can apply in IL&FS Transportation 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 IL&FS Transportation IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the IL&FS Transportation IPO allotment status.
The IL&FS Transportation IPO listing date is on Tue, Mar 30, 2010.
