Bookbuilding FPO | ₹296 Cr | Listed at BSE, NSE | Tue, Feb 21, 2006 - Fri, Feb 24, 2006
J.K.Cement FPO is a book build issue of ₹296.00 crores. The issue is entirely a fresh issue of 2.00 crore shares of ₹296.00 crore.
J.K.Cement FPO bidding started from Feb 21, 2006 and ended on Feb 24, 2006. The shares got listed on NSE and BSE on Mar 14, 2006.
J.K.Cement FPO is set final issue price at ₹148 per share.
BOFA Securities India Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to J.K.Cement FPO DRHP for detailed Information.
FPO Open
Tue, Feb 21, 2006
FPO Close
Fri, Feb 24, 2006
Issue Price
₹148 per share
Market Cap (Pre-IPO)
₹1,034.92 Cr
| IPO Date | 21 to 24 Feb, 2006 |
| Listed on | Tue, Mar 14, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹145 to ₹155 |
| Issue Price | ₹148 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,00,00,000 shares (agg. up to ₹296 Cr) |
| Fresh Issue | 2,00,00,000 shares (agg. up to ₹296 Cr) |
| Share Holding Pre Issue | 4,99,27,250 shares |
| Share Holding Post Issue | 6,99,27,250 shares |
| BSE Script Code / NSE Symbol | 532644 / JKCEMENT |
| ISIN | INE823G01014 |
J.K.Cement FPO comprises a total issue size of 2,00,00,000 shares. The net offer to the public is 1,80,00,000 shares, after excluding 20,00,000 shares under a preferential allotment. Of the Net offer 90,00,000 (50.00%) are allocated to QIB, 27,00,000 (15.00%) allocated to NII 63,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 90,00,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 27,00,000 | 15.00% | 13.50% |
| Retail Shares Offered | 63,00,000 | 35.00% | 31.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,00,000 | 1.00% | |
| Shareholders Shares Offered | 18,00,000 | 9.00% | |
| Total Shares Offered | 2,00,00,000 | 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 |
| Shareholder (SH) | Up to ₹2 Lakhs | Yes |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹2 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹2 Lakhs (EMP) + RII 'OR' NII limits | Yes (SH/EMP/RII) |
Incorporated in 1994, J.K. Cement Limited is engaged in the manufacturing and sale of grey cement and white cement. The company operates primarily in Northern India and is among the largest cement manufacturers in the region, while also being one of the leading white cement producers in India.
The company sells grey cement mainly in Northern India, including states such as Rajasthan, Haryana, Punjab, and Delhi, while its white cement is distributed across India and exported to countries such as the UAE, Bangladesh, Sri Lanka, Kenya, and Nigeria.
J.K. Cement Limited operates grey cement manufacturing facilities at Nimbahera and Mangrol in Rajasthan, with capacities of 2.8 MnTPA and 0.75 MnTPA, respectively, along with a white cement plant at Gotan with a capacity of 0.30 MnTPA.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 274.72 | 267.21 | 83.84 |
| Total Income | 402.01 | 348.36 | 0.70 |
| Profit After Tax | 8.46 | 6.30 | 0.04 |
| NET Worth | 62.89 | 54.59 | 36.37 |
| Reserves and Surplus | 339.35 | 343.41 | 0.04 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Installation of waste heat recovery power plant of 13 MW capacity | 111.00 |
| 2 | Installation of 20 MW petcoke based captive power plant | 85.00 |
| 3 | Replacement of an existing turbine with a new 10 MW turbine | 8.50 |
| 4 | Increase in the grinding and production capacity at the grey cement plant | 22.50 |
| 5 | Increase in the production capacity at the white cement plant | 9.00 |
| 6 | General corporate purposes | |
| Total | 236.00 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 11.54% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.96% | 61.38% |
| Market Cap | ₹1,034.92 Cr. |
The J.K.Cement FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.76 | 2,00,00,000 | 3,51,25,760 | |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹148.00 |
| Open | ₹160.00 |
| Low | ₹128.10 |
| High | ₹163.00 |
| Last Trade | ₹155.50 |
Lead Manager Reports
J.K.Cement FPO is a main-board FPO of 2,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹296 Crores. The issue is priced at ₹148 per share. The minimum order quantity is .
The FPO opens on Tue, Feb 21, 2006, and closes on Fri, Feb 24, 2006.
MCS Share Transfer Agent Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in J.K.Cement FPO using UPI as a payment gateway. Zerodha customers can apply in J.K.Cement FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in J.K.Cement FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The J.K.Cement FPO opens on Tue, Feb 21, 2006 and closes on Fri, Feb 24, 2006.
J.K.Cement FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in J.K.Cement FPO 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 J.K.Cement FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the J.K.Cement FPO allotment status.
The J.K.Cement FPO listing date is on Tue, Mar 14, 2006.
