Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Fri, Jul 3, 2015 - Tue, Jul 7, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jul 3, 2015
IPO Close
Tue, Jul 7, 2015
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹12.24 Cr
| IPO Date | 3 to 7 Jul, 2015 |
| Listed on | Thu, Jul 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 96,000 shares Hem Securities Ltd. (agg. up to ₹0.1728 Cr) |
| Fresh Issue (Ex Market Maker) | 17,04,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 17,04,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,00,000 shares |
| BSE Script Code | 539227 |
| ISIN | INE876S01017 |
Loyal Equipments IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,04,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,48,000 (49.77%) allocated to NII 8,56,000 (50.23%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,48,000 | 49.77% | 47.11% |
| Retail Shares Offered | 8,56,000 | 50.23% | 47.56% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.33% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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 |
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.
| 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 Meet Working Capital Requirement | 2.84 |
| 2 | Public Issue Expenses | 0.40 |
| KPI | |
|---|---|
| RoNW | 30.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 73.53% |
| Market Cap | ₹12.24 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 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc and other out of pocket expenses | 0.34 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Other expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹20.05 |
| Low | ₹20.05 |
| High | ₹21.05 |
| Last Trade | ₹21.05 |
Lead Manager Reports
Loyal Equipments IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Fri, Jul 3, 2015, and closes on Tue, Jul 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 Fri, Jul 3, 2015 and closes on Tue, Jul 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 Thu, Jul 16, 2015.
