Fixed Price IPO | ₹14 Cr | Listed at BSE | Mon, Feb 5, 2007 - Thu, Feb 8, 2007
Lawreshwar Polymers IPO is a fixed price issue of ₹13.94 crores. The issue is entirely a fresh issue of 0.87 crore shares of ₹13.94 crore.
Lawreshwar Polymers IPO bidding started from Feb 5, 2007 and ended on Feb 8, 2007. The shares got listed on BSE on Mar 19, 2007.
Lawreshwar Polymers IPO price is ₹16 per share. The lot size for an application is 400. The minimum amount of investment required by an individual investor (retail) is ₹6,400 (400 shares) (based on upper price). The lot size investment for sNII is 32 lots (12,800 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (62,800 shares), amounting to ₹10,04,800.
Ashika Capital Ltd. is the book running lead manager and Maheshwari Datamatics Pvt.Ltd. is the registrar of the issue.
Refer to Lawreshwar Polymers IPO RHP for detailed Information.
IPO Open
Mon, Feb 5, 2007
IPO Close
Thu, Feb 8, 2007
Issue Price
₹16 per share
Market Cap (Pre-IPO)
₹0.00 Cr
| IPO Date | 5 to 8 Feb, 2007 |
| Listed on | Mon, Mar 19, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹16 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 87,13,205 shares (agg. up to ₹14 Cr) |
| Reserved for Private Promoter | 24,62,500 shares (agg. up to ₹4 Cr) |
| Fresh Issue | 62,50,705 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 62,50,705 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 49 shares |
| Share Holding Post Issue | 1 shares |
| BSE Script Code | 532829 |
| ISIN | INE976H01018 |
Lawreshwar Polymers IPO comprises a total issue size of 62,50,000 shares. The net offer to the public is 37,87,500 shares, after excluding 24,62,500 shares allotted on a firm basis. Of the Net offer 31,25,000 (50.00%) allocated to NII 31,25,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 31,25,000 | 50.00% | 50.00% | NA |
| Retail Shares Offered | 31,25,000 | 50.00% | 50.00% | 7,812 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 24,62,500 | 39.40% | NA | |
| Total Shares Offered | 62,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 400 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹6,400 |
| Retail (Max) | 31 | 12,400 | ₹1,98,400 |
| S-HNI (Min) | 32 | 12,800 | ₹2,04,800 |
Incorporated in 1994, Lawreshwar Polymers Ltd (LPL) is leading manufacturer of canvas shoes, lightweight hawai chappals & EVA Injection footwear.
The Company has successfully established its brand name "LEHAR" in the footwear market.
Lawreshwar has an annual installed capacity of 75 Lac pairs of Hawai Chappals, 12 Lac pairs of Canvas shoes and 9.87 Lac pairs of EVA Injected footwear. Company manufactures a variety of footwear like light weight fancy slippers, PVC and TPR footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes.
| 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 | Land & Building | 4.13 |
| 2 | Plant & machinery/Moulds/Equipments | 9.99 |
| 3 | Working Capital Requirements | 3.61 |
| 4 | Preliminary/ Public Issue Expenses | 1.21 |
| KPI | |
|---|---|
| RoNW | 7.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 54.31% |
| Market Cap | ₹0.00 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of Lead Manager, Registrar, Legal Advisor, Auditors, Tax Auditors, etc. | 0.25 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.15 |
| 3 | Advertisement & Marketing Expenses | 0.30 |
| 4 | Brokerage | 0.15 |
| 5 | Preoperative Expenses | 0.07 |
| 6 | Miscellaneous Expenses | 0.30 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹15.90 |
| Low | ₹13.55 |
| High | ₹17.75 |
| Last Trade | ₹14.00 |
Lead Manager Reports
Lawreshwar Polymers IPO is a main-board IPO of 87,13,205 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹16 per share. The minimum order quantity is 400.
The IPO opens on Mon, Feb 5, 2007, and closes on Thu, Feb 8, 2007.
Maheshwari Datamatics Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Lawreshwar Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Lawreshwar Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lawreshwar Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lawreshwar Polymers IPO opens on Mon, Feb 5, 2007 and closes on Thu, Feb 8, 2007.
Lawreshwar Polymers IPO lot size is 400, and the minimum amount required for application is ₹6,400.
You can apply in Lawreshwar Polymers 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 Lawreshwar Polymers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Lawreshwar Polymers IPO allotment status.
The Lawreshwar Polymers IPO listing date is on Mon, Mar 19, 2007.
