Bookbuilding IPO | ₹37 Cr | Listed at BSE, NSE | Mon, May 7, 2007 - Fri, May 11, 2007
Insecticides IPO is a book build issue of ₹36.92 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹36.92 crore.
Insecticides IPO bidding started from May 7, 2007 and ended on May 11, 2007. The shares got listed on BSE, NSE on May 30, 2007.
Insecticides IPO price band is set at ₹115 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,900 (60 shares) (based on upper price). The lot size investment for sNII is 29 lots (1,740 shares), amounting to ₹2,00,100, and for bNII, it is 145 lots (8,700 shares), amounting to ₹10,00,500.
The issue includes a reservation of up to 32,100 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue.
Refer to Insecticides IPO RHP for detailed Information.
IPO Open
Mon, May 7, 2007
IPO Close
Fri, May 11, 2007
Issue Price
₹115 per share
Market Cap (Pre-IPO)
₹145.85 Cr
| IPO Date | 7 to 11 May, 2007 |
| Listed on | Wed, May 30, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹97 to ₹115 |
| Issue Price | ₹115 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 32,10,266 shares (agg. up to ₹37 Cr) |
| Fresh Issue | 32,10,266 shares (agg. up to ₹37 Cr) |
| Share Holding Pre Issue | 94,72,700 shares |
| Share Holding Post Issue | 1,26,82,700 shares |
| BSE Script Code / NSE Symbol | 532851 / INSECTICID |
| ISIN | INE070I01018 |
Insecticides IPO comprises a total issue size of 32,10,000 shares. The net offer to the public is 31,77,900 shares, after excluding 32,100 shares under a preferential allotment. Of the Net offer 15,88,950 (50.00%) are allocated to QIB, 4,76,685 (15.00%) allocated to NII 11,12,265 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 15,88,950 | 50.00% | 49.50% | NA |
| NII (HNI) Shares Offered | 4,76,685 | 15.00% | 14.85% | NA |
| Retail Shares Offered | 11,12,265 | 35.00% | 34.65% | 18,537 |
| Preferential Reservations | ||||
| Employee Shares Offered | 32,100 | 1.00% | NA | |
| Total Shares Offered | 32,10,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,900 |
| Retail (Max) | 28 | 1,680 | ₹1,93,200 |
| S-HNI (Min) | 29 | 1,740 | ₹2,00,100 |
| S-HNI (Max) | 144 | 8,640 | ₹9,93,600 |
| B-HNI (Min) | 145 | 8,700 | ₹10,00,500 |
| 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 |
Insecticides India Limited (IILTD) is in the business of manufacturing and distribution of formulations of plant protection chemicals and house hold pesticides. Insecticides product range includes more than 80 types of insecticides, fungicides, weedicides, herbicides and plant growth regulator for all types of crops and also house hold pesticides. Insecticides largest selling brands are Lethal, Victor, Thimet, Indan 4g and Kaiser.
Insecticides India Limited's manufacturing units are located at Chopanki (Rajasthan) and Samba (Jammu) with a total manufacturing capacity of 60 lacs litres of Emulsifible Concentrate (EC), 2900 MT of Wettable Dispersable Powder (WDP) and 10500 MT of granules per annum.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 50.6% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 74.94% |
| Market Cap | ₹145.85 Cr. |
The Insecticides IPO is subscribed 1.97 times on May 11, 2007 5:00:00 PM (Day 5). The public issue subscribed 4.49 times in the retail category, 0.32 times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹115.00 | ₹115.00 |
| Open | ₹105.00 | ₹110.00 |
| Low | ₹101.15 | ₹101.00 |
| High | ₹117.00 | ₹117.00 |
| Last Trade | ₹109.50 | ₹109.45 |
Lead Manager Reports
Insecticides IPO is a main-board IPO of 32,10,266 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 60.
The IPO opens on Mon, May 7, 2007, and closes on Fri, May 11, 2007.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Insecticides IPO using UPI as a payment gateway. Zerodha customers can apply in Insecticides IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Insecticides IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Insecticides IPO opens on Mon, May 7, 2007 and closes on Fri, May 11, 2007.
Insecticides IPO lot size is 60, and the minimum amount required for application is ₹6,900.
You can apply in Insecticides 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 Insecticides IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Insecticides IPO allotment status.
The Insecticides IPO listing date is on Wed, May 30, 2007.
