Bookbuilding IPO | ₹134 Cr | Listed at BSE, NSE | Thu, Jan 24, 2008 - Tue, Jan 29, 2008
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 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,300 (35 shares) (based on upper price). 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 Open
Thu, Jan 24, 2008
IPO Close
Tue, Jan 29, 2008
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹478.10 Cr
| IPO Date | 24 to 29 Jan, 2008 |
| Listed on | Mon, Feb 18, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 |
| Issue Price | ₹170 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 78,74,570 shares (agg. up to ₹134 Cr) |
| Fresh Issue | 78,74,570 shares (agg. up to ₹134 Cr) |
| Share Holding Pre Issue | 2,02,48,890 shares |
| Share Holding Post Issue | 2,81,23,460 shares |
| BSE Script Code / NSE Symbol | 532942 / KNRCON |
| ISIN | INE634I01011 |
KNR Constructions IPO comprises a total issue size of 78,74,570 shares. The net offer to the public is 77,34,570 shares, after excluding 1,40,000 shares under a preferential allotment. Of the Net offer 38,67,280 (50.00%) are allocated to QIB, 11,60,185 (15.00%) allocated to NII 27,07,105 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 38,67,280 | 50.00% | 49.11% | NA |
| NII (HNI) Shares Offered | 11,60,185 | 15.00% | 14.73% | NA |
| Retail Shares Offered | 27,07,105 | 35.00% | 34.38% | 77,345 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,40,000 | 1.78% | NA | |
| Total Shares Offered | 78,74,570 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| 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 |
| 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 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.
| 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 | Investment in Capital equipment | 21.49 |
| 2 | Investment in BOT projects Further Equity investment in Patel – KNR Infrastructures Pvt. Ltd. | 30.35 |
| 3 | Investment in Further Equity investment in Patel – KNR Heavy Infrastructures Pvt. Ltd | 12.00 |
| 4 | Investment in Contribution towards Unsecured loan in Patel – KNR Heavy Infrastructures Pvt. Ltd. | 16.00 |
| 5 | Augmenting working capital requirements | 25.21 |
| 6 | Issue Expenses | 9.01 |
| KPI | |
|---|---|
| RoNW | 35.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.33% | 71.52% |
| Market Cap | ₹478.10 Cr. |
The KNR Constructions IPO is subscribed 1.25 times on January 29, 2008 5:00:00 PM (Day 4). The public issue subscribed 0.28 times in the retail category, 1.38 times in the QIB category, and 3.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees and underwriting commissions | 4.74 |
| 2 | Advertising and Marketing expenses | 1.51 |
| 3 | Printing, stationery including transportation of the same | 1.51 |
| 4 | Others (Registrar’s fee, Legal fees, listing fees, Issue Grading expenses etc) | 1.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹170.00 | ₹170.00 |
| Open | ₹180.00 | ₹210.00 |
| Low | ₹151.15 | ₹151.30 |
| High | ₹199.00 | ₹210.00 |
| Last Trade | ₹154.35 | ₹154.90 |
Lead Manager Reports
KNR Constructions IPO is a main-board IPO of 78,74,570 equity shares of the face value of ₹10 aggregating up to ₹134 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 35.
The IPO opens on Thu, Jan 24, 2008, and closes on Tue, Jan 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 Thu, Jan 24, 2008 and closes on Tue, Jan 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 Mon, Feb 18, 2008.
