Bookbuilding IPO | ₹68 Cr | Listed at BSE, NSE | Thu, Sep 6, 2007 - Tue, Sep 11, 2007
Kaveri Seed IPO is a book build issue of ₹68.04 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹68.04 crore.
Kaveri Seed IPO bidding started from Sep 6, 2007 and ended on Sep 11, 2007. The shares got listed on BSE, NSE on Oct 4, 2007.
Kaveri Seed IPO price band is set at ₹170 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,800 (40 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,200 shares), amounting to ₹2,04,000, and for bNII, it is 148 lots (5,920 shares), amounting to ₹10,06,400.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Kaveri Seed IPO RHP for detailed Information.
IPO Open
Thu, Sep 6, 2007
IPO Close
Tue, Sep 11, 2007
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹232.90 Cr
| IPO Date | 6 to 11 Sep, 2007 |
| Listed on | Thu, Oct 4, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹150 to ₹170 |
| Issue Price | ₹170 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 40,02,184 shares (agg. up to ₹68 Cr) |
| Fresh Issue | 40,02,184 shares (agg. up to ₹68 Cr) |
| Share Holding Pre Issue | 97,00,000 shares |
| Share Holding Post Issue | 1,37,00,000 shares |
| BSE Script Code / NSE Symbol | 532899 / KSCL |
| ISIN | INE455I01029 |
Kaveri Seed IPO comprises a total issue size of 40,00,000 shares. The net offer to the public is 38,00,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 19,00,000 (50.00%) are allocated to QIB, 5,70,000 (15.00%) allocated to NII 13,30,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 19,00,000 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 5,70,000 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 13,30,000 | 35.00% | 33.25% | 33,250 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 5.00% | NA | |
| Total Shares Offered | 40,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,800 |
| Retail (Max) | 29 | 1,160 | ₹1,97,200 |
| S-HNI (Min) | 30 | 1,200 | ₹2,04,000 |
| S-HNI (Max) | 147 | 5,880 | ₹9,99,600 |
| B-HNI (Min) | 148 | 5,920 | ₹10,06,400 |
| 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 1986, Kaveri Seed Company Limited is Hyderabad based company in the business of production, processing and marketing of high quality hybrid seeds for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and has recently forayed into micronutrients and bio products.
Kaveri Seeds currently have production, processing and R&D facilities in Andhra Pradesh and Karnataka. Kaveri Seeds research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.
In the year 2002, Kaveri Seeds began a new venture to produce and market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures and plant growth regulators.
| 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 | Acquisition of farmland for R&D near Hyderabad, Alwar and Ahmedabad | 20.00 |
| 2 | Setting up of marketing offices & godowns in Delhi, Lucknow, Jaipur, Ahmedabad and Aurangabad | 12.01 |
| 3 | Setting up of corn cob drying plants in Medak District, and Bellary | 4.20 |
| 4 | Setting up of a biotechnology lab at Gundla Pochampally near Hyderabad | 2.04 |
| 5 | Upgradation of existing seed processing plants at Kandlakoi, Gundla Pochampally, Gatla Narsingapur and Bellary | 9.17 |
| 6 | Setting up of a seed processing Plant in Medak District near Hyderabad | 5.88 |
| 7 | Working capital Margin requirements | 10.00 |
| 8 | Issue Expenses | 5.41 |
| KPI | |
|---|---|
| RoNW | 40.11% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 86.09% | 60.99% |
| Market Cap | ₹232.90 Cr. |
The Kaveri Seed IPO is subscribed 4 times on September 11, 2007 5:00:00 PM (Day 4). The public issue subscribed 3.26 times in the retail category, 5.59 times in the QIB category, and 5.05 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 | Lead Management Fees, Underwriting and Selling Commission | 2.72 |
| 2 | Advertisement and Marketing expenses | 0.75 |
| 3 | Printing and Stationery | 1.35 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc) | 5.90 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹170.00 | ₹170.00 |
| Open | ₹201.15 | ₹204.00 |
| Low | ₹201.15 | ₹204.00 |
| High | ₹262.00 | ₹263.00 |
| Last Trade | ₹230.10 | ₹230.95 |
Lead Manager Reports
Kaveri Seed IPO is a main-board IPO of 40,02,184 equity shares of the face value of ₹10 aggregating up to ₹68 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 40.
The IPO opens on Thu, Sep 6, 2007, and closes on Tue, Sep 11, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kaveri Seed IPO using UPI as a payment gateway. Zerodha customers can apply in Kaveri Seed IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kaveri Seed IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kaveri Seed IPO opens on Thu, Sep 6, 2007 and closes on Tue, Sep 11, 2007.
Kaveri Seed IPO lot size is 40, and the minimum amount required for application is ₹6,800.
You can apply in Kaveri Seed 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 Kaveri Seed IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kaveri Seed IPO allotment status.
The Kaveri Seed IPO listing date is on Thu, Oct 4, 2007.
