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Loyal Equipments IPO is a fixed price issue of ₹3.24 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹3.24 crore.
Loyal Equipments IPO bidding started from Jul 3, 2015 and ended on Jul 7, 2015. The shares got listed on BSE SME on Jul 16, 2015.
Loyal Equipments IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Loyal Equipments IPO RHP for detailed Information.
| IPO Date | July 3, 2015 to July 7, 2015 |
| Listing Date | July 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹3.24 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Securities Ltd. (aggregating up to ₹0.1728 Cr) |
| Net Offered to Public | 17,04,000 shares (aggregating up to ₹3.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
Loyal Equipments IPO offers total 18,00,000 shares. Out of which 8,48,000 (47.11%) allocated to NII, 8,56,000 (47.56%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.33%) |
| NII (HNI) Shares Offered | 8,48,000 (47.11%) |
| Retail Shares Offered | 8,56,000 (47.56%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Loyal Equipments IPO opens on July 3, 2015, and closes on July 7, 2015.
| IPO Open Date | Fri, Jul 3, 2015 |
| IPO Close Date | Tue, Jul 7, 2015 |
| Tentative Listing Date | Thu, Jul 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 7, 2015 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Loyal Equipments Ltd (LEL) is an ISO 9001:2008 certified company engaged in manufacturing and supplying of Coded Pressure Vessels & Heat Exchangers (Ferrous & Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, Site Fabrication & Erection Activities.
These products are widely used in the industries like Petro-chemicals, Compressor Industries, Power Plants, Fertilizers, Refinery, Pharmaceuticals and Dairy Industry. All these products are manufactured on tailor made basis to suit customers needs. LML's client list includes RIL, Larsen & Turbo, Ingersoll Rand, Engineers India, Kirloskar, Bharat Pumps etc.
| KPI | Values |
|---|---|
| RoNW | 30.81% |
The Company Loyal Equipments IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 2.84 |
| 2 | Public Issue Expenses | 0.40 |
[Dilip Davda] <p>If we attribute FY 2015 earnings on current equity then asking price is at a P/E of 4.5 and on fully diluted post equity it is at a P/E of 6.18 that appears reasonable against industry composite P/E of 35.</p> <p>On merchant banker’s front, this is 15th IPO from its stable and it has mixed trends for its past thirteen listed mandates. Last IPO of Junction Fabric is yet to be listed.</p> <p><em>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</em></p> Read detail review...
| Listing Date | July 16, 2015 |
| BSE Script Code | 539227 |
| NSE Symbol | |
| ISIN | INE876S01017 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹20.05 |
| Low | ₹20.05 |
| High | ₹21.05 |
| Last Trade | ₹21.05 |
Loyal Equipments Ltd.
Block No. 35/1-2-3-4,
Village Zak,
Dahegam, Gujarat, 382330
Phone: +91-2718-247236
Email: cs@loyalequipments.com
Website: http://www.loyalequipments.com
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website:
Loyal Equipments IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on July 3, 2015, and closes on July 7, 2015.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Loyal Equipments IPO using UPI as a payment gateway. Zerodha customers can apply in Loyal Equipments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Loyal Equipments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Loyal Equipments IPO opens on July 3, 2015 and closes on July 7, 2015.
Loyal Equipments IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Loyal Equipments 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 Loyal Equipments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Loyal Equipments IPO allotment status.
The Loyal Equipments IPO listing date is on Thursday, July 16, 2015.
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