Bookbuilding IPO | ₹90 Cr | Listed at BSE, NSE | Thu, Apr 21, 2005 - Wed, Apr 27, 2005
India Infoline IPO is a book build issue of ₹90.28 crores. The issue is entirely a fresh issue of 1.19 crore shares of ₹90.28 crore.
India Infoline IPO bidding started from Apr 21, 2005 and ended on Apr 27, 2005. The shares got listed on NSE and BSE on May 17, 2005.
India Infoline IPO is set final issue price at ₹76 per share.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to India Infoline IPO DRHP for detailed Information.
IPO Open
Thu, Apr 21, 2005
IPO Close
Wed, Apr 27, 2005
Issue Price
₹76 per share
Market Cap (Pre-IPO)
₹330.61 Cr
| IPO Date | 21 to 27 Apr, 2005 |
| Listed on | Tue, May 17, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹80 |
| Issue Price | ₹76 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,18,79,108 shares (agg. up to ₹90 Cr) |
| Fresh Issue | 1,18,79,108 shares (agg. up to ₹90 Cr) |
| Share Holding Pre Issue | 3,16,21,862 shares |
| Share Holding Post Issue | 4,35,00,970 shares |
| BSE Script Code / NSE Symbol | 532636 / IIFL |
| ISIN | INE530B01024 |
India Infoline IPO comprises a total issue size of 1,18,78,138 shares. The net offer to the public is 1,10,00,000 shares, after excluding 8,78,138 shares under a preferential allotment. Of the Net offer 55,00,000 (50.00%) are allocated to QIB, 27,50,000 (25.00%) allocated to NII 27,50,000 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 55,00,000 | 50.00% | 46.30% |
| NII (HNI) Shares Offered | 27,50,000 | 25.00% | 23.15% |
| Retail Shares Offered | 27,50,000 | 25.00% | 23.15% |
| Preferential Reservations | |||
| Employee Shares Offered | 8,78,138 | 7.39% | |
| Total Shares Offered | 1,18,78,138 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in 1995, India Infoline Limited is a retail investment advisory and financial intermediary company offering a comprehensive range of financial products and services to retail customers across India through both online and offline channels.
The company operates through a "one stop shop" model, providing brokerage services in equities, derivatives and commodities, distribution of mutual funds and personal investment products, life insurance distribution, portfolio management services, and fee-based financial content and research services. Its broking services are offered under the well-known brand '5paisa.com' through its subsidiary India Infoline Securities Private Limited, while its financial content and research portal operates under 'www.indiainfoline.com'. The company also acts as a corporate agent for ICICI Prudential Life Insurance Company Limited through its subsidiary India Infoline Insurance Services Limited.
The company operates through five wholly owned subsidiaries, each functioning as a separate Strategic Business Unit — India Infoline Securities Private Limited (equities and derivatives broking, depository services, PMS), India Infoline.com Distribution Company Limited (mutual funds, RBI bonds, fixed deposits), India Infoline Insurance Services Limited (life insurance distribution), India Infoline Commodities Private Limited (commodities broking on MCX and NCDEX), and India Infoline Investment Services Private Limited (margin funding).
As of December 31, 2004, the company had 73 branches across 36 locations in India, with plans to expand to 150 branches across 50 cities by December 2006. It had 18,215 customers for broking services and had sold mutual funds, deposits, government bonds or small savings schemes to over 150,000 customers. As of March 31, 2005, the total employee strength across the company and its subsidiaries was 1,004.
Key strengths include a strong in-house equity research team of 12 analysts, an integrated technology platform supporting both online and offline transactions, a pan-India distribution network, established brands in 'India Infoline.com' and '5paisa.com', robust risk management systems, and an experienced management team led by promoters Mr. Nirmal Jain (MBA from IIM Ahmedabad, CA) and Mr. R. Venkataraman (IIT Kharagpur, MBA from IIM Bangalore), both with extensive experience in financial services.
| Period Ended | 31 Dec 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 130.56 | 59.62 | 28.77 | 26.22 |
| Total Income | 47.50 | 35.99 | 10.65 | 14.20 |
| Profit After Tax | 12.94 | 7.88 | -4.71 | -5.89 |
| NET Worth | 37.07 | 24.13 | 16.25 | 20.96 |
| Reserves and Surplus | 37.07 | 24.13 | 16.25 | 20.96 |
| Total Borrowing | 36.35 | 3.22 | 3.49 | 0.23 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investments in subsidiaries IIL | 17.46 |
| 2 | Investments in subsidiaries IISPL | 12.85 |
| 3 | Investments in subsidiaries IIDCL | 3.69 |
| 4 | Investments in subsidiaries IIISL | 0.59 |
| 5 | Investments in subsidiaries IICPL | 2.61 |
| 6 | Investments in subsidiaries IIISPL | 12.00 |
| 7 | General Corporate Purpose | |
| Total | 49.20 |
| KPI | Dec 31, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 24.87% | 23.72% |
| Price to Book Value | 5.03 | 6.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.49 | 3.97 |
| P/E (x) | 30.5 | 19.16 |
| Promoter Holding | 50.01% | 36.35% |
| Market Cap | ₹330.61 Cr. |
The India Infoline IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 6.63 | 1,18,78,138 | 7,87,84,340 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commission | 2.37 |
| 2 | Registrars fee and other expenses (Postage of refunds etc.) | 0.42 |
| 3 | Advertising and Marketing expenses | 0.82 |
| 4 | Printing and stationery | 0.36 |
| 5 | others (legal fee, listing fee, Auditors, Book Building fees etc.) | 0.55 |
| Total | 4.52 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹76.00 | ₹76.00 |
| Open | ₹80.50 | ₹87.15 |
| Low | ₹76.70 | ₹76.70 |
| High | ₹89.00 | ₹89.00 |
| Last Trade | ₹78.05 | ₹78.05 |
Lead Manager Reports
India Infoline IPO is a main-board IPO of 1,18,79,108 equity shares of the face value of ₹10 aggregating up to ₹90 Crores. The issue is priced at ₹76 per share. The minimum order quantity is .
The IPO opens on Thu, Apr 21, 2005, and closes on Wed, Apr 27, 2005.
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 India Infoline IPO using UPI as a payment gateway. Zerodha customers can apply in India Infoline IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in India Infoline IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The India Infoline IPO opens on Thu, Apr 21, 2005 and closes on Wed, Apr 27, 2005.
India Infoline IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in India Infoline 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 India Infoline IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the India Infoline IPO allotment status.
The India Infoline IPO listing date is on Tue, May 17, 2005.
