Bookbuilding IPO | ₹2,258 Cr | Listed at BSE, NSE | Thu, Apr 29, 2010 - Tue, May 4, 2010
Jaypee Infratech IPO is a book build issue of ₹2,257.61 crores. The issue is a combination of fresh issue of 16.29 crore shares aggregating to ₹1,650.00 crores and offer for sale of 6.00 crore shares aggregating to ₹607.61 crores.
Jaypee Infratech IPO bidding started from Apr 29, 2010 and ended on May 4, 2010. The shares got listed on BSE, NSE on May 21, 2010.
Jaypee Infratech IPO price band is set at ₹102 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹5,850 (50 shares) (based on upper price). The lot size investment for sNII is 40 lots (2,000 shares), amounting to ₹2,04,000, and for bNII, it is 197 lots (9,850 shares), amounting to ₹10,04,700.
Axis Bank Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Jaypee Infratech IPO RHP for detailed Information.
IPO Open
Thu, Apr 29, 2010
IPO Close
Tue, May 4, 2010
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹14,186.15 Cr
| IPO Date | 29 Apr to 4 May, 2010 |
| Listed on | Fri, May 21, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹117 |
| Issue Price | ₹102 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 5.10 per share |
| Total Issue Size | 22,29,33,497 shares (agg. up to ₹2,258 Cr) |
| Fresh Issue | 16,29,33,497 shares (agg. up to ₹1,650 Cr) |
| Offer for Sale | 6,00,00,000 shares of ₹10 (agg. up to ₹608 Cr) |
| Share Holding Pre Issue | 1,22,60,00,000 shares |
| Share Holding Post Issue | 1,39,07,99,496 shares |
| BSE Script Code / NSE Symbol | 533207 / JPINFRATEC |
| ISIN | INE099J01015 |
Jaypee Infratech IPO comprises a total issue size of 22,47,99,496 shares. The net offer to the public is 20,23,19,547 shares, after excluding 2,24,79,949 shares under a preferential allotment. Of the Net offer 12,13,91,729 (60.00%) are allocated to QIB, 2,02,31,954 (10.00%) allocated to NII 6,06,95,864 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 12,13,91,729 | 60.00% | 54.00% | NA |
| NII (HNI) Shares Offered | 2,02,31,954 | 10.00% | 9.00% | NA |
| Retail Shares Offered | 6,06,95,864 | 30.00% | 27.00% | 12,13,917 |
| Preferential Reservations | ||||
| Shareholders Shares Offered | 2,24,79,949 | 10.00% | NA | |
| Total Shares Offered | 22,47,99,496 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹5,100 |
| Retail (Max) | 39 | 1,950 | ₹1,98,900 |
| S-HNI (Min) | 40 | 2,000 | ₹2,04,000 |
| S-HNI (Max) | 196 | 9,800 | ₹9,99,600 |
| B-HNI (Min) | 197 | 9,850 | ₹10,04,700 |
| 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 shareholder | Up to ShareHolder Reservation | Allowed only if bidding amount is upto Rs 2 lakhs |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Incorporated in 2007, Jaypee Infratech Limited (JIL) is an Indian infrastructure development company engaged in the development of the Yamuna Expressway and related real estate projects.
Jaypee Infratech Limited (JIL) is a part of the Jaypee Group and incorporated as a special purpose company to develop, operate and maintain the Yamuna Expressway in the state of Uttar Pradesh, connecting Noida and Agra. The Yamuna Expressway is a 165-kilometre access-controlled six-lane concrete pavement expressway along the Yamuna river, with the potential to be widened to an eight-lane expressway. The expressway is planned to begin at the existing Noida-Greater Noida Expressway, pass through various proposed SDZs and the proposed Taj International Hub Airport and end at District Agra.
The company also has the right to develop 25 million square metres (approximately 6,175 acres) of land along the Yamuna Expressway at five locations for residential, commercial, amusement, industrial and institutional purposes.
The Company commenced development of Noida land parcel and are presently developing an aggregate 13.09 million square feet of saleable area across three residential projects, which were approximately 88% sold on a square foot basis as of October 31, 2009. These three projects were launched between November
2008 and July 2009 and are expected to be completed by 2012. Through October 31, 2009, their average selling price for property under development was approximately Rs. 3,057 per square foot (including Extra Charges).
| 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 | to partially finance the Yamuna Expressway Project | 1,500.00 |
| 2 | general corporate purposes | 70.70 |
| Total | 1,570.70 |
| KPI | |
|---|---|
| RoNW | 21.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.1% | 83.05% |
| Market Cap | ₹14,186.15 Cr. |
The Jaypee Infratech IPO is subscribed 1.24 times on May 4, 2010 6:15:00 PM (Day 4). The public issue subscribed 0.61 times in the retail category, 1.77 times in the QIB category, and 1.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.77 | 11,97,52,941 | |
| NII | 1.15 | 1,99,58,824 | |
| Retail | 0.61 | 5,98,76,470 | |
| Others | 0.1 | 2,21,76,470 | |
| Total | 1.24 | 22,17,64,705 |
ICRA and CARE has assigned an IPO Grade 3 to Jaypee Infratech Ltd IPO. This means as per ICRA and CARE company has 'Average Fundamentals'. ICRA and CARE 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 ICRA and CARE IPO Grading Document for Jaypee Infratech Ltd.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers Underwriting commission, brokerage and selling commission | 53.15 |
| 2 | Advertising and marketing expenses | 41.80 |
| 3 | Fees payable to the Registrar to the Issue | 0.08 |
| 4 | Fees payable to the Bankers to the Issue | |
| 5 | IPO Grading expense | 0.30 |
| 6 | Others (legal fees, listing fees, monitoring agency fees, printing and stationery expenses etc.) | 12.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹102.00 | ₹102.00 |
| Open | ₹93.00 | ₹98.00 |
| Low | ₹90.00 | ₹90.00 |
| High | ₹98.50 | ₹98.80 |
| Last Trade | ₹91.30 | ₹91.45 |
Lead Manager Reports
Jaypee Infratech IPO is a main-board IPO of 22,29,33,497 equity shares of the face value of ₹10 aggregating up to ₹2,258 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 50.
The IPO opens on Thu, Apr 29, 2010, and closes on Tue, May 4, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jaypee Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Jaypee Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jaypee Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jaypee Infratech IPO opens on Thu, Apr 29, 2010 and closes on Tue, May 4, 2010.
Jaypee Infratech IPO lot size is 50, and the minimum amount required for application is ₹5,100.
You can apply in Jaypee Infratech 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 Jaypee Infratech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jaypee Infratech IPO allotment status.
The Jaypee Infratech IPO listing date is on Fri, May 21, 2010.
