Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Wed, Aug 9, 2017 - Fri, Aug 11, 2017
Lexus Granito IPO is a book build issue of ₹25.92 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹25.92 crore.
Lexus Granito IPO bidding started from Aug 9, 2017 and ended on Aug 11, 2017. The shares got listed on NSE SME on Aug 23, 2017.
Lexus Granito IPO price band is set at ₹45 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Lexus Granito IPO RHP for detailed Information.
IPO Open
Wed, Aug 9, 2017
IPO Close
Fri, Aug 11, 2017
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹86.36 Cr
| IPO Date | 9 to 11 Aug, 2017 |
| Listed on | Wed, Aug 23, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹41 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,60,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 3,00,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 54,60,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 54,60,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,34,30,724 shares |
| Share Holding Post Issue | 1,91,90,724 shares |
| NSE Symbol | LEXUS |
| ISIN | INE500X01013 |
Lexus Granito IPO comprises a total issue size of 57,60,000 shares. The net offer to the public is 54,60,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 16,38,000 (30.00%) are allocated to QIB, 19,11,000 (35.00%) allocated to NII 19,11,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 16,38,000 | 30.00% | 28.44% |
| NII (HNI) Shares Offered | 19,11,000 | 35.00% | 33.18% |
| Retail Shares Offered | 19,11,000 | 35.00% | 33.18% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.21% | |
| Total Shares Offered | 57,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2007, Lexus Granito (India) Limited is mainly engaged in manufacturing, trading and marketing vitrified ceramic tiles and wall tiles in India and internationally. They market and sell their product under the brand name "Lexus". They offers wall, floor, and decorative elevation tiles to home owners and commercial facilities.
They were outsourcing manufacturing of wall tiles to third party manufacturers but recently they have set up their own wall tiles manufacturing unit at their existing facility which is situated at Morbi, Gujarat. They also exports its products to Saudi Arabia, Mexico, Kuwait, Oman, etc.
| 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 | Working Capital Requirement | 21.00 |
| 2 | General corporate purposes | 3.27 |
The Lexus Granito IPO is subscribed 37.41 times on August 11, 2017 5:00:00 PM (Day 3). The public issue subscribed 39.01 times in the retail category, 3.22 times in the QIB category, and 65.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.22 | 16,38,000 | 52,74,000 |
| NII* | 65.12 | 19,11,000 | 12,44,43,000 |
| Retail | 39.01 | 19,11,000 | 7,45,41,000 |
| Total | 37.41 | 54,60,000 | 20,42,58,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 1.22 |
| 2 | Regulatory fees | 0.15 |
| 3 | Marketing and Other Expenses | 0.28 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹53.00 |
| Low | ₹53.00 |
| High | ₹54.00 |
| Last Trade | ₹54.00 |
Lead Manager Reports
Lexus Granito IPO is a SME IPO of 57,60,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Aug 9, 2017, and closes on Fri, Aug 11, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lexus Granito IPO using UPI as a payment gateway. Zerodha customers can apply in Lexus Granito IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lexus Granito IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lexus Granito IPO opens on Wed, Aug 9, 2017 and closes on Fri, Aug 11, 2017.
Lexus Granito IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Lexus Granito 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 Lexus Granito IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Lexus Granito IPO allotment status.
The Lexus Granito IPO listing date is on Wed, Aug 23, 2017.
