Bookbuilding IPO | ₹42 Cr | Listed at BSE, NSE | Fri, Apr 7, 2006 - Thu, Apr 13, 2006
Lokesh Machines IPO is a book build issue of ₹42.00 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹42.00 crore.
Lokesh Machines IPO bidding started from Apr 7, 2006 and ended on Apr 13, 2006. The shares got listed on NSE and BSE on May 5, 2006.
Lokesh Machines IPO is set final issue price at ₹140 per share.
Karvy Investor Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Lokesh Machines IPO RHP for detailed Information.
IPO Open
Fri, Apr 7, 2006
IPO Close
Thu, Apr 13, 2006
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹164.88 Cr
| IPO Date | 7 to 13 Apr, 2006 |
| Listed on | Fri, May 5, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 30,00,000 shares (agg. up to ₹42 Cr) |
| Fresh Issue | 30,00,000 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 87,77,400 shares |
| Share Holding Post Issue | 1,17,77,400 shares |
| BSE Script Code / NSE Symbol | 532740 / LOKESHMACH |
| ISIN | INE397H01017 |
Lokesh Machines IPO comprises a total issue size of 30,00,000 shares. Out of which, 15,00,000 (50.00%) are allocated to QIB, 4,50,000 (15.00%) allocated to NII 10,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 15,00,000 | 50.00% |
| NII (HNI) Shares Offered | 4,50,000 | 15.00% |
| Retail Shares Offered | 10,50,000 | 35.00% |
| Total Shares Offered | 30,00,000 | 100.00% |
Lokesh Machines Limited is engaged in the manufacturing of machine tools and auto components.
The company operates through two main business segments:
Lokesh Machines serves major sectors including automotive, aerospace, and general engineering, supplying both domestic and international clients.
Competitive Strengths:
| Period Ended | 31 Oct 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 86.69 | 81.07 | 67.04 |
| Total Income | 40.89 | 69.22 | 38.07 |
| Profit After Tax | 2.36 | 5.22 | 0.95 |
| NET Worth | 24.13 | 20.34 | 16.16 |
| Reserves and Surplus | 15.35 | 11.56 | 7.39 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up the facility for machining and supply of Cylinder 2098.50 Blocks and Cylinder Heads for commercial vehicles. | 20.99 |
| 2 | Modernisation Project for upgradation of the existing 1829.26 facilities for manufacture of Machines and Machine Tools. | 18.29 |
| 3 | Additional Working Capital Margin | 7.73 |
| 4 | expenses | 3.00 |
| Total | 50.01 |
| KPI | Oct 31, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 15.77% | 27.90% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.13% | 67.17% |
| Market Cap | ₹164.88 Cr. |
The Lokesh Machines IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 19.17 | 30,00,000 | 5,75,08,500 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees | 0.32 |
| 2 | Registrar to the Issue | 0.05 |
| 3 | Offer Stationery | 1.00 |
| 4 | Advertising Expenses | 0.50 |
| 5 | Brokerage and selling Commission | 0.63 |
| 6 | Legal Fees | 0.05 |
| 7 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.25 |
| 8 | Contingencies | 0.21 |
| Total | 3.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹140.00 | ₹140.00 |
| Open | ₹245.00 | ₹211.65 |
| Low | ₹218.10 | ₹211.65 |
| High | ₹300.00 | ₹284.00 |
| Last Trade | ₹228.30 | ₹227.40 |
Lead Manager Reports
Lokesh Machines IPO is a main-board IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹140 per share. The minimum order quantity is .
The IPO opens on Fri, Apr 7, 2006, and closes on Thu, Apr 13, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Lokesh Machines IPO using UPI as a payment gateway. Zerodha customers can apply in Lokesh Machines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lokesh Machines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lokesh Machines IPO opens on Fri, Apr 7, 2006 and closes on Thu, Apr 13, 2006.
Lokesh Machines IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Lokesh Machines 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 Lokesh Machines IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Lokesh Machines IPO allotment status.
The Lokesh Machines IPO listing date is on .
