Bookbuilding IPO | ₹51 Cr | Listed at BSE, NSE | Tue, Nov 20, 2007 - Fri, Nov 23, 2007
Kaushalya Infrastructure IPO is a book build issue of ₹51.00 crores. The issue is entirely a fresh issue of 0.85 crore shares of ₹51.00 crore.
Kaushalya Infrastructure IPO bidding started from Nov 20, 2007 and ended on Nov 23, 2007. The shares got listed on BSE, NSE on Dec 14, 2007.
Kaushalya Infrastructure IPO price band is set at ₹60 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,000 (100 shares) (based on upper price). The lot size investment for sNII is 34 lots (3,400 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (16,700 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 4,75,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Srei Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Kaushalya Infrastructure IPO RHP for detailed Information.
IPO Open
Tue, Nov 20, 2007
IPO Close
Fri, Nov 23, 2007
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹117.63 Cr
| IPO Date | 20 to 23 Nov, 2007 |
| Listed on | Fri, Dec 14, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹50 to ₹60 |
| Issue Price | ₹60 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 85,00,000 shares (agg. up to ₹51 Cr) |
| Fresh Issue | 85,00,000 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 1,11,05,630 shares |
| Share Holding Post Issue | 1,96,05,630 shares |
| BSE Script Code / NSE Symbol | 532925 / KAUSHALYA |
| ISIN | INE234I01010 |
Kaushalya Infrastructure IPO comprises a total issue size of 85,00,000 shares. The net offer to the public is 80,25,000 shares, after excluding 4,75,000 shares under a preferential allotment. Of the Net offer 40,12,500 (50.00%) are allocated to QIB, 12,03,750 (15.00%) allocated to NII 28,08,750 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 40,12,500 | 50.00% | 47.21% | NA |
| NII (HNI) Shares Offered | 12,03,750 | 15.00% | 14.16% | NA |
| Retail Shares Offered | 28,08,750 | 35.00% | 33.04% | 28,087 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,75,000 | 5.59% | NA | |
| Total Shares Offered | 85,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 33 | 3,300 | ₹1,98,000 |
| S-HNI (Min) | 34 | 3,400 | ₹2,04,000 |
| S-HNI (Max) | 166 | 16,600 | ₹9,96,000 |
| B-HNI (Min) | 167 | 16,700 | ₹10,02,000 |
| 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 |
Incorporated in 1992, Kaushalya Infrastructure Development Corp Ltd (KIDCO) is in the business of Construction & infrastructure development and Hotel industry.
KIDCO's infrastructure development projects involving construction and maintenance of roads and highways, construction of bridges, erection of transmission lines, electrification projects, as well as commercial and residential complexes. KIDCO has completed several major projects and has catered to a wide range of clients in Eastern India including NPCC Ltd, WBSRDA, Mackintosh Burn Ltd., Energy Power Department, Govt. of Sikkim, Westinghouse Saxby Farmer Ltd., Engineering Projects (I) Ltd, RCD of Jharkhand, PWD of West Bengal, Jharkhand, Chattrishgarh and Sikkim.
KIDCO also runs a hotel (Hotel Kaushalya Heritage) in Jhargram, West Bengal. Jhargram is an important tourist destination because of its magnificent forests of Sal, Piyal and Mahua. Hotel complex is on 2.49 Acres of Land and has 10 AC Rooms & 1 Non AC rooms.
| 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 purchase capital equipments comprising construction and infrastructure equipments for execution of projects | 5.01 |
| 2 | Acquisition of land and land development rights and Real Estate Development | 17.50 |
| 3 | Investment in BOT/BOOT projects and Joint Ventures | 12.00 |
| 4 | To meet the long term working capital requirements of the Company | 12.04 |
| 5 | To meet General Corporate Expenses | 5.48 |
| 6 | Expenses of the public issue | 4.98 |
| KPI | |
|---|---|
| RoNW | 17.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91% | 51.54% |
| Market Cap | ₹117.63 Cr. |
The Kaushalya IPO is subscribed 7.2 times on November 23, 2007 5:00:00 PM (Day 4). The public issue subscribed 10.15 times in the retail category, 2.84 times in the QIB category, and 17.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees | 1.02 |
| 2 | Underwriting brokerage & Selling Commission | 1.33 |
| 3 | Advertising and Marketing expenses | 0.72 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.93 |
| 5 | Other Expenses (including Audit Fees, Legal Advisors and Processing Fees) | 0.98 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹60.00 | ₹60.00 |
| Open | ₹67.90 | ₹79.00 |
| Low | ₹63.60 | ₹59.00 |
| High | ₹84.20 | ₹84.80 |
| Last Trade | ₹82.25 | ₹82.45 |
Lead Manager Reports
Kaushalya Infrastructure IPO is a main-board IPO of 85,00,000 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 100.
The IPO opens on Tue, Nov 20, 2007, and closes on Fri, Nov 23, 2007.
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 Kaushalya Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Kaushalya Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kaushalya Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kaushalya Infrastructure IPO opens on Tue, Nov 20, 2007 and closes on Fri, Nov 23, 2007.
Kaushalya Infrastructure IPO lot size is 100, and the minimum amount required for application is ₹6,000.
You can apply in Kaushalya Infrastructure 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 Kaushalya Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kaushalya Infrastructure IPO allotment status.
The Kaushalya Infrastructure IPO listing date is on Fri, Dec 14, 2007.
