Bookbuilding IPO | ₹1,899 Cr | Listed at BSE, NSE | Fri, Feb 18, 2005 - Thu, Feb 24, 2005
Jet Airways IPO is a book build issue of ₹1,899.35 crores. The issue is a combination of fresh issue of 1.42 crore shares aggregating to ₹1,566.96 crores and offer for sale of 0.30 crore shares aggregating to ₹332.39 crores.
Jet Airways IPO bidding started from Feb 18, 2005 and ended on Feb 24, 2005. The shares got listed on NSE and BSE on Mar 14, 2005.
Jet Airways IPO is set final issue price at ₹1,100 per share.
Deutsche Equities India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Jet Airways IPO DRHP for detailed Information.
IPO Open
Fri, Feb 18, 2005
IPO Close
Thu, Feb 24, 2005
Issue Price
₹1100 per share
Market Cap (Pre-IPO)
₹9,496.74 Cr
| IPO Date | 18 to 24 Feb, 2005 |
| Listed on | Mon, Mar 14, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹950 to ₹1125 |
| Issue Price | ₹1100 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,72,66,801 shares (agg. up to ₹1,899 Cr) |
| Fresh Issue | 1,42,45,111 shares (agg. up to ₹1,567 Cr) |
| Offer for Sale | 30,21,690 shares of ₹10 (agg. up to ₹332 Cr) |
| Share Holding Pre Issue | 7,20,88,900 shares |
| Share Holding Post Issue | 8,63,34,011 shares |
| BSE Script Code / NSE Symbol | 532617 / JETAIRWAYS |
| ISIN | INE802G01018 |
Jet Airways IPO comprises a total issue size of 1,72,66,801 shares. The net offer to the public is 1,60,66,801 shares, after excluding 12,00,000 shares under a preferential allotment. Of the Net offer 96,40,081 (60.00%) are allocated to QIB, 24,10,020 (15.00%) allocated to NII 40,16,700 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 96,40,081 | 60.00% | 55.83% |
| NII (HNI) Shares Offered | 24,10,020 | 15.00% | 13.96% |
| Retail Shares Offered | 40,16,700 | 25.00% | 23.26% |
| Preferential Reservations | |||
| Employee Shares Offered | 12,00,000 | 6.95% | |
| Total Shares Offered | 1,72,66,801 | 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) |
Jet Airways is one of India’s leading airlines, operating regular scheduled flights that connect all major cities across the country. In fiscal 2004 and the six months ended September 30, 2004, it ranked as the largest domestic airline in India based on revenue passengers carried. The company emphasis on delivering consistent, high-quality, and reliable service has positioned as a preferred choice among travelers.
Since commencing operations on May 5, 1993, it carried over 48 million revenue passengers, defined as fare-paying passengers across all flight segments, up to November 30, 2004. During fiscal 2004, the company served 6.91 million passengers, while 3.78 million passengers traveled with us in the six months ended September 30, 2004.
Its fleet currently consists of 42 aircraft, including 34 Boeing 737s and eight ATR 72-500s. The company operates scheduled services to 42 destinations within India and two international destinations, with a total of 1,924 flights operated each week.
Competitive Strengths:
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 4,281.91 | 4,108.68 | 4,511.15 | 4,438.83 |
| Total Income | 1,966.67 | 3,565.74 | 2,942.10 | 2,649.70 |
| Profit After Tax | 129.36 | 163.11 | -244.45 | -13.43 |
| EBITDA | 570.93 | 1,090.76 | 695.38 | 679.41 |
| NET Worth | 284.83 | 216.44 | 67.26 | 186.63 |
| Total Borrowing | 2,813.98 | 2,901.91 | 3,498.35 | 3,199.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of debt and redemption of CCRPS | 792.10 |
| 2 | Capital expenditures | 460.10 |
| 3 | General corporate purposes | 248.35 |
| Total | 1,500.55 |
| KPI | Sep 30, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 24.01% | 68.93% |
| EBITDA Margin | 29.64% | 31.64% |
| Price to Book Value | 41.57 | 61.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 22.63 | 29.97 |
| P/E (x) | 48.62 | 36.71 |
| Promoter Holding | 100% | 80% |
| Market Cap | ₹9,496.74 Cr. |
The Jet Airways IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 16.08 | 1,72,66,801 | 27,75,65,746 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commissions | 58.00 |
| 2 | Advertising and marketing expenses | 10.00 |
| 3 | Printing and stationery | 2.50 |
| 4 | Other (registrars fees, legal fees, etc.) | 10.00 |
| Total | 80.50 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹1,100.00 | ₹1,100.00 |
| Open | ₹1,155.00 | ₹1,211.00 |
| Low | ₹1,155.00 | ₹1,172.00 |
| High | ₹1,338.90 | ₹1,339.00 |
| Last Trade | ₹1,304.20 | ₹1,305.00 |
Lead Manager Reports
Jet Airways IPO is a main-board IPO of 1,72,66,801 equity shares of the face value of ₹10 aggregating up to ₹1,899 Crores. The issue is priced at ₹1100 per share. The minimum order quantity is .
The IPO opens on Fri, Feb 18, 2005, and closes on Thu, Feb 24, 2005.
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 Jet Airways IPO using UPI as a payment gateway. Zerodha customers can apply in Jet Airways IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jet Airways IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jet Airways IPO opens on Fri, Feb 18, 2005 and closes on Thu, Feb 24, 2005.
Jet Airways IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Jet Airways 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 Jet Airways IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jet Airways IPO allotment status.
The Jet Airways IPO listing date is on Mon, Mar 14, 2005.
