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KNR Constructions IPO is a book build issue of ₹133.87 crores. The issue is entirely a fresh issue of 0.79 crore shares of ₹133.87 crore.
KNR Constructions IPO bidding started from Jan 24, 2008 and ended on Jan 29, 2008. The shares got listed on BSE, NSE on Feb 18, 2008.
KNR Constructions IPO price band is set at ₹170.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹5,950 (35 shares). The lot size investment for sNII is 34 lots (1,190 shares), amounting to ₹2,02,300, and for bNII, it is 169 lots (5,915 shares), amounting to ₹10,05,550.
The issue includes a reservation of up to 1,40,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to KNR Constructions IPO RHP for detailed Information.
| IPO Date | January 24, 2008 to January 29, 2008 |
| Listing Date | February 18, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹170 to ₹180 per share |
| Issue Price Final | ₹170 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 78,74,570 shares (aggregating up to ₹133.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,02,48,890 shares |
| Share Holding Post Issue | 2,81,23,460 shares |
KNR Constructions IPO offers total 78,74,570 shares. Out of which 38,67,280 (49.11%) allocated to QIB, 11,60,185 (14.73%) allocated to NII, 27,07,105 (34.38%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 38,67,280 (49.11%) | NA |
| NII (HNI) Shares Offered | 11,60,185 (14.73%) | NA |
| Retail Shares Offered | 27,07,105 (34.38%) | 77,345 |
| Employee Shares Offered | 1,40,000 (1.78%) | NA |
| Total Shares Offered | 78,74,570 (100.00%) |
| 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 |
KNR Constructions IPO opens on January 24, 2008, and closes on January 29, 2008.
| IPO Open Date | Thu, Jan 24, 2008 |
| IPO Close Date | Tue, Jan 29, 2008 |
| Tentative Listing Date | Mon, Feb 18, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 29, 2008 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹5,950 |
| Retail (Max) | 33 | 1,155 | ₹1,96,350 |
| S-HNI (Min) | 34 | 1,190 | ₹2,02,300 |
| S-HNI (Max) | 168 | 5,880 | ₹9,99,600 |
| B-HNI (Min) | 169 | 5,915 | ₹10,05,550 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, KNR Constructions Limited is an infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR's clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh.
Some of the major projects completed by KNR:
Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh.
Rehabilitation and upgrading of Surat (Gujrat).
Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu.
Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh.
Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
| KPI | Values |
|---|---|
| RoNW | 35.79% |
The Company KNR Constructions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Investment in Capital equipment | 214.87 |
| 2 | Investment in BOT projects Further Equity investment in Patel – KNR Infrastructures Pvt. Ltd. | 303.50 |
| 3 | Investment in Further Equity investment in Patel – KNR Heavy Infrastructures Pvt. Ltd | 119.96 |
| 4 | Investment in Contribution towards Unsecured loan in Patel – KNR Heavy Infrastructures Pvt. Ltd. | 160.00 |
| 5 | Augmenting working capital requirements | 252.08 |
| 6 | Issue Expenses | 90.09 |
KNR Constructions Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average, in relation to other listed equity securities in India.
| Listing Date | February 18, 2008 |
| BSE Script Code | 532942 |
| NSE Symbol | KNRCON |
| ISIN | INE634I01011 |
| Final Issue Price | ₹170 per share |
| BSE Listing Group | B1 |
KNR Constructions Ltd.
6-3-635, 3rd Floor,
Akash Ganga,
Khairathabad
Hyderabad, Telangana, 500004
Phone: +91-40-23323435
Email: ipo@knrcl.com
Website: http://www.knrcl.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: knr.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
KNR Constructions IPO is a main-board IPO of 78,74,570 equity shares of the face value of ₹10 aggregating up to ₹133.87 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 35.
The IPO opens on January 24, 2008, and closes on January 29, 2008.
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 KNR Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in KNR Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KNR Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KNR Constructions IPO opens on January 24, 2008 and closes on January 29, 2008.
KNR Constructions IPO lot size is 35, and the minimum amount required for application is ₹5,950.
You can apply in KNR Constructions 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 KNR Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the KNR Constructions IPO allotment status.
The KNR Constructions IPO listing date is on Monday, February 18, 2008.
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