Bookbuilding IPO | ₹39 Cr | Listed at BSE, NSE | Mon, Nov 27, 2006 - Thu, Nov 30, 2006
LT Overseas IPO is a book build issue of ₹39.40 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹39.40 crore.
LT Overseas IPO bidding started from Nov 27, 2006 and ended on Nov 30, 2006. The shares got listed on the NSE and the BSE on Dec 18, 2006.
LT Overseas IPO is set final issue price at ₹56 per share. The lot size for an application is 125 shares. The minimum amount of investment required by an individual investor (retail) is ₹7,000 (125 shares) (based on upper price). The lot size investment for sNII is 29 lots (3,625 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (17,875 shares), amounting to ₹10,01,000.
IL&FS Investsmart Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to LT Overseas IPO RHP for detailed Information.
IPO Open
Mon, Nov 27, 2006
IPO Close
Thu, Nov 30, 2006
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹124.71 Cr
| IPO Date | 27 to 30 Nov, 2006 |
| Listed on | Mon, Dec 18, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹50 to ₹56 |
| Issue Price | ₹56 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 70,36,543 shares (agg. up to ₹39 Cr) |
| Fresh Issue | 70,36,543 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,52,33,386 shares |
| Share Holding Post Issue | 2,22,69,929 shares |
| BSE Script Code / NSE Symbol | 532783 / DAAWAT |
| ISIN | INE818H01012 |
LT Overseas IPO comprises a total issue size of 70,35,714 shares. The net offer to the public is 66,45,714 shares, after excluding 3,90,000 shares under a preferential allotment. Of the Net offer 33,22,857 (50.00%) are allocated to QIB, 9,96,857 (15.00%) allocated to NII 23,26,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 33,22,857 | 50.00% | 47.23% | NA |
| NII (HNI) Shares Offered | 9,96,857 | 15.00% | 14.17% | NA |
| Retail Shares Offered | 23,26,000 | 35.00% | 33.06% | 18,608 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,90,000 | 5.54% | NA | |
| Total Shares Offered | 70,35,714 | 100.00% | 100.00% | |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹7,000 |
| Retail (Max) | 28 | 3,500 | ₹1,96,000 |
| S-HNI (Min) | 29 | 3,625 | ₹2,03,000 |
| S-HNI (Max) | 142 | 17,750 | ₹9,94,000 |
| B-HNI (Min) | 143 | 17,875 | ₹10,01,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1965, LT Overseas is in the business of milling, processing and marketing of branded & non-branded rice and manufacturing of rice food products in the domestic and overseas market. Their operations involve contract farming, procurement, storage, processing, packaging and distribution. LT Overseas also engaged in research & development to add value to rice and rice food products. Their product portfolio comprises brown rice, white rice, steamed rice, parboiled rice, organic rice, quick cooking rice, value added rice and flavored rice in the ready to cook segment.
LT Overseas has presence in more than 35 countries including USA, Canada, UK and the European Union. LT Overseas has ISO 9000:2001, HACCP and the SQF certification in quality.
LT Overseas owns 19 brands. Daawat Basmati Rice is one of the very popular brand among Basmati Rice all over the world.
| Period Ended | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 242.64 | 254.92 | 250.83 | 223.63 |
| Total Income | 78.25 | 400.83 | 360.72 | 362.13 |
| Profit After Tax | 2.66 | 11.13 | 4.97 | 5.41 |
| NET Worth | 57.10 | 54.92 | 46.34 | 42.65 |
| Reserves and Surplus | 48.58 | 53.15 | 43.56 | 38.59 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion, Automation and Modernization at Sonepat, Haryana; | |
| 2 | New Parboiled rice (sella) processing and milling capacity | 7.02 |
| 3 | New Milling line for producing value added rice | 4.10 |
| 4 | Balancing equipments and Automation of existing facility | 3.13 |
| 5 | Increasing our Storage capacity for Silos grain storage | 9.84 |
| 6 | New white rice storage (Flat Storage Project) | 2.11 |
| 7 | Open Bardana ( Jute bags) Shed at existing facility at Sonepat, Haryana | 0.47 |
| 8 | Generating power for captive consumption | 5.05 |
| 9 | General Corporate Purpose | 17.70 |
| 10 | Public Issue Expenses | 3.52 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 20.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.37% | 63.87% |
| Market Cap | ₹124.71 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 | Fees of BRLMs | 0.65 |
| 2 | Fees of Registrar | 0.06 |
| 3 | Fees of Legal Advisor, Auditors, etc. | 0.21 |
| 4 | Underwriting Commission, Brokerage and Selling Expenses | 0.79 |
| 5 | Advertisement and Marketing Expenses | 0.64 |
| 6 | Printing and Stationery Distribution, Postage, etc. | 1.18 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹56.00 | ₹56.00 |
| Open | ₹60.00 | ₹60.00 |
| Low | ₹51.00 | ₹51.25 |
| High | ₹62.90 | ₹61.95 |
| Last Trade | ₹55.00 | ₹53.20 |
Lead Manager Reports
LT Overseas IPO is a main-board IPO of 70,36,543 equity shares of the face value of ₹10 aggregating up to ₹39 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 125.
The IPO opens on Mon, Nov 27, 2006, and closes on Thu, Nov 30, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in LT Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in LT Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in LT Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The LT Overseas IPO opens on Mon, Nov 27, 2006 and closes on Thu, Nov 30, 2006.
LT Overseas IPO lot size is 125, and the minimum amount required for application is ₹7,000.
You can apply in LT Overseas 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 LT Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the LT Overseas IPO allotment status.
The LT Overseas IPO listing date is on Mon, Dec 18, 2006.
