Bookbuilding IPO | ₹99 Cr | Listed at BSE, NSE | Mon, Nov 28, 2005 - Sat, Dec 3, 2005
Kernex Microsystems IPO is a book build issue of ₹99.01 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹99.01 crore.
Kernex Microsystems IPO bidding started from Nov 28, 2005 and ended on Dec 3, 2005.
Kernex Microsystems IPO is set final issue price at ₹250 per share.
BOB Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Kernex Microsystems IPO RHP for detailed Information.
IPO Open
Mon, Nov 28, 2005
IPO Close
Sat, Dec 3, 2005
Issue Price
₹250 per share
Market Cap (Pre-IPO)
₹284.08 Cr
| IPO Date | 28 Nov to 3 Dec, 2005 |
| Listed on | Tue, Dec 20, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹225 to ₹250 |
| Issue Price | ₹250 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 39,60,444 shares (agg. up to ₹99 Cr) |
| Fresh Issue | 39,60,444 shares (agg. up to ₹99 Cr) |
| Share Holding Pre Issue | 74,02,879 shares |
| Share Holding Post Issue | 1,13,63,323 shares |
| BSE Script Code / NSE Symbol | 532686 / KERNEX |
| ISIN | INE202H01019 |
Kernex Microsystems IPO comprises a total issue size of 39,60,444 shares. Out of which, 19,80,220 (50.00%) are allocated to QIB, 5,94,067 (15.00%) allocated to NII 13,86,157 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 19,80,220 | 50.00% |
| NII (HNI) Shares Offered | 5,94,067 | 15.00% |
| Retail Shares Offered | 13,86,157 | 35.00% |
| Total Shares Offered | 39,60,444 | 100.00% |
Incorporated in 1991, Kernex Microsystems (India) Ltd. is engaged in the development, manufacturing, installation, and maintenance of railway safety and signalling systems.
The company develops anti-collision systems (ACDs) and related railway safety solutions for Konkan Railway Corporation Ltd., primarily designed for medium to low-speed and low-density railway networks in India and other developing countries.
Kernex Microsystems (India) Ltd. holds an exclusive license in India for the manufacturing, installation, commissioning, and maintenance of ACD systems and also acts as an outsourced manufacturing facility for Konkan Railway Corporation Ltd.
The company is also involved in the development of advanced railway signalling and transportation safety systems and holds exclusive marketing rights for ACD systems outside India.
| Period Ended | 31 Aug 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 34.64 | 26.43 | 22.10 |
| Total Income | 19.42 | 53.28 | 18.06 |
| Profit After Tax | 6.24 | 8.96 | 3.09 |
| Reserves and Surplus | 17.22 | 10.98 | 3.20 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up Infrastructure for manufacturing 10,000 Anti Collision Devices, 200.24 1000 Auto Driving Devices for Sky-Bus Metro Mass Transit System and 500 Advanced Railway Signal Systems per annum | 20.02 |
| 2 | Establishing Intelligent Transportation Technology Centre for 223.88 simulation & testing of advanced transportation control systems | 22.39 |
| 3 | Undertaking Special R&D Projects | 7.52 |
| 4 | Establishing Marketing Headquarters and 4 International marketing offices | 12.41 |
| 5 | Establishing Field and maintenance offices at various places in India | 1.51 |
| 6 | To meet working capital requirements | 18.17 |
| 7 | Contingencies | 9.00 |
| 8 | To meet Issue expenses | 8.00 |
| Total | 99.01 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 36.49% |
| Price to Book Value | 7.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.10 | 13.19 |
| P/E (x) | 20.67 | 18.96 |
| Promoter Holding | 90.34% | 58.86% |
| Market Cap | ₹284.08 Cr. |
The Kernex Microsystems IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 22.95 | 39,60,444 | 9,09,11,675 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Advertising | 1.43 |
| 2 | Printing, Dispatch & Stationery | 1.25 |
| 3 | Issue Management Fees, Underwriting expenses and Brokerage | 4.15 |
| 4 | Registrars Expenses & Other Statutory Costs | 1.17 |
| Total | 8.00 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹250.00 | ₹250.00 |
| Open | ₹350.00 | ₹390.00 |
| Low | ₹292.55 | ₹292.15 |
| High | ₹399.95 | ₹399.00 |
| Last Trade | ₹344.85 | ₹344.90 |
Lead Manager Reports
Kernex Microsystems IPO is a main-board IPO of 39,60,444 equity shares of the face value of ₹10 aggregating up to ₹99 Crores. The issue is priced at ₹250 per share. The minimum order quantity is .
The IPO opens on Mon, Nov 28, 2005, and closes on Sat, Dec 3, 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 Kernex Microsystems IPO using UPI as a payment gateway. Zerodha customers can apply in Kernex Microsystems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kernex Microsystems IPO through Zerodha
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The Kernex Microsystems IPO opens on Mon, Nov 28, 2005 and closes on Sat, Dec 3, 2005.
Kernex Microsystems IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Kernex Microsystems 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 Kernex Microsystems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kernex Microsystems IPO allotment status.
The Kernex Microsystems IPO listing date is on .
