Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Tue, Dec 27, 2016 - Fri, Dec 30, 2016
Libas Designs IPO is a fixed price issue of ₹13.60 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹13.60 crore.
Libas Designs IPO bidding started from Dec 27, 2016 and ended on Dec 30, 2016. The shares got listed on NSE SME on Jan 9, 2017.
Libas Designs IPO price is ₹68 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,72,000.
Sarthi 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 Choice Equity Broking Pvt.Ltd..
Refer to Libas Designs IPO RHP for detailed Information.
IPO Open
Tue, Dec 27, 2016
IPO Close
Fri, Dec 30, 2016
Issue Price
₹68 per share
Market Cap (Pre-IPO)
₹51.00 Cr
| IPO Date | 27 to 30 Dec, 2016 |
| Listed on | Mon, Jan 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,00,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,04,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.7072 Cr) |
| Fresh Issue (Ex Market Maker) | 18,96,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 18,96,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 55,00,000 shares |
| Share Holding Post Issue | 75,00,000 shares |
| NSE Symbol | LIBAS |
| ISIN | INE908V01012 |
Libas Designs IPO comprises a total issue size of 20,00,000 shares. The net offer to the public is 18,96,000 shares, after excluding 1,04,000 shares allotted on a firm basis. Of the Net offer 9,48,000 (50.00%) allocated to NII 9,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,48,000 | 50.00% | 47.40% |
| Retail Shares Offered | 9,48,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,04,000 | 5.20% | |
| Total Shares Offered | 20,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,36,000 |
| Retail (Max) | 1 | 2,000 | ₹1,36,000 |
| HNI (Min) | 2 | 4,000 | ₹2,72,000 |
Incorporated in 2004, Libas Designs Limited engaged in the process of fabrication of fabric into garments in India. It offers sherwanis, suits, jackets, shirts, pants, and Indo Western products for men; sarees, suits, lehengas, gowns, and anarkalis for women; accessories comprising jewelries, belts, mojaris, cufflinks, and saffa; and jute bags, such as carry, gifts, bottle, lunch, and grocery bags. The company markets its products under the LIBAS RIYAZ GANGJI brand.
They have tie ups with major ecommerce players portals such as www.jabong.com, www.paytm.com, www.indianroots.com and have its own portal in the name of www.libasfashion.com. They has tie up with more than 80 Indian & international designers and have inventory of more than 500 Designer wear to choose. Currently, they have 8 stores either own or on franchisee basis.
| 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 | To set up 4 new stores | 4.00 |
| 2 | Working Capital Requirements | 7.00 |
| 3 | General Corporate Purposes | 2.20 |
| 4 | Issue Expenses | 0.40 |
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 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc | 0.35 |
| 2 | Regulatory Fees & Other Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹78.25 |
| Low | ₹61.00 |
| High | ₹81.50 |
| Last Trade | ₹71.40 |
Lead Manager Reports
Libas Designs IPO is a SME IPO of 20,00,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Dec 27, 2016, and closes on Fri, Dec 30, 2016.
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 Libas Designs IPO using UPI as a payment gateway. Zerodha customers can apply in Libas Designs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Libas Designs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Libas Designs IPO opens on Tue, Dec 27, 2016 and closes on Fri, Dec 30, 2016.
Libas Designs IPO lot size is 2000, and the minimum amount required for application is ₹1,36,000.
You can apply in Libas Designs 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 Libas Designs IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Libas Designs IPO allotment status.
The Libas Designs IPO listing date is on Mon, Jan 9, 2017.
