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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 ₹258.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,050 (25 shares). 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 Date | March 11, 2010 to March 15, 2010 |
| Listing Date | March 30, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹242 to ₹258 per share |
| Issue Price Final | ₹258 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,71,31,782 shares (aggregating up to ₹700.00 Cr) |
| Fresh Issue | 2,28,52,938 shares (aggregating up to ₹589.61 Cr) |
| Offer for Sale | 42,78,844 shares of ₹10 (aggregating up to ₹110.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,14,14,794 shares |
| Share Holding Post Issue | 19,42,67,732 shares |
ILFS Transportation IPO offers total 2,71,31,782 shares. Out of which 1,62,79,070 (60.00%) allocated to QIB, 1,13,95,350 (42.00%) allocated to QIB, 27,13,178 (10.00%) allocated to NII, 81,39,534 (30.00%) allocated to RII and 48,83,720 (18.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
IL&FS Transportation IPO opens on March 11, 2010, and closes on March 15, 2010.
| IPO Open Date | Thu, Mar 11, 2010 |
| IPO Close Date | Mon, Mar 15, 2010 |
| Tentative Listing Date | Tue, Mar 30, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 15, 2010 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 5.18% |
The Company ILFS Transportation IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding pre-payment and repayment of a portion of debt availed by the Company; | 5,896.06 |
| 2 | General corporate purposes | 294.50 |
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
| Listing Date | March 30, 2010 |
| BSE Script Code | 533177 |
| NSE Symbol | IL&FSTRANS |
| ISIN | INE975G01012 |
| Final Issue Price | ₹258 per share |
| BSE Listing Group | B |
IL&FS Transportation Networks Ltd.
Plot No. C 22, G Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai 400 051, India
Mumbai, Maharashtra
Phone: + 91 022 2653 3333
Email: krishna.ghag@ilfsindia.com
Website: http://www.itnlindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: itnl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹700.00 Crores. The issue is priced at ₹258 per share. The minimum order quantity is 25.
The IPO opens on March 11, 2010, and closes on March 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 March 11, 2010 and closes on March 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 Tuesday, March 30, 2010.
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