Fixed Price IPO | ₹23 Cr | Listed at BSE, NSE | Thu, Dec 14, 2006 - Thu, Dec 21, 2006
Lumax Auto Technologies IPO is a fixed issue price of ₹22.59 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹22.59 crore.
Lumax Auto Technologies IPO bidding started from Dec 14, 2006 and ended on Dec 21, 2006. The shares got listed on the NSE and the BSE on Jan 16, 2007.
Lumax Auto Technologies IPO is set final issue price at ₹75 per share.
Centrum Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Lumax Auto Technologies IPO RHP for detailed Information.
IPO Open
Thu, Dec 14, 2006
IPO Close
Thu, Dec 21, 2006
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹87.23 Cr
| IPO Date | 14 to 21 Dec, 2006 |
| Listed on | Tue, Jan 16, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 30,12,539 shares (agg. up to ₹23 Cr) |
| Fresh Issue | 30,12,539 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 86,19,002 shares |
| Share Holding Post Issue | 1,16,31,002 shares |
| BSE Script Code / NSE Symbol | 532796 / LUMAXTECH |
| ISIN | INE872H01019 |
Lumax Auto Technologies IPO comprises a total issue size of 30,12,000 shares. Out of which, 15,06,000 (50.00%) allocated to NII 15,06,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| NII (HNI) Shares Offered | 15,06,000 | 50.00% |
| Retail Shares Offered | 15,06,000 | 50.00% |
| Total Shares Offered | 30,12,000 | 100.00% |
Incorporated in 13th October, 1981, Lumax Auto Technologies Ltd. (LATL) engaged in the manufacturing and supply of a variety of automotive components for various auto applications. Lumax Auto mainly manufacture sheet metal products and lighting systems for the 2 wheeler and 3 wheeler industry. LATL has five manufacturing facilities located one at Bhosari, one at Chakan and three units at Waluj all in Maharashtra.
Products:
LATL manufactures automotive components for two, three and four wheeler industries.
1. Chassis: Chassis for Motorcycles & Scooterette;
2. Exhaust System: Silencers for, Scooetr & Scooterette;
3. Petrol Tanks: Petrol tanks for Scooter & Scooterette;
4. Sheet Metal & Tubular Welded Parts: Handle Bar Assy, Side Stand, Main Stand, Footrest Assy., Fork Assy., Number Plate;
5. Painting: Painting of silencers;
6. Lighting Equipment: Head Light, Tail Light & Blinkers for Two Wheelers.
Major Clients:
General Motors, Mitsubishi, Maruti-Suzuki, Honda, Hyundai, Tata Motors, Bajaj, M&M, Eicher and Yamaha.
| Period Ended | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 27.95 | 32.08 | 16.22 |
| Total Income | 30.01 | 117.49 | 85.58 |
| Profit After Tax | 1.57 | 3.84 | 1.92 |
| NET Worth | 14.52 | 13.27 | 4.81 |
| Reserves and Surplus | 7.86 | 6.73 | 1.61 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in LDK, subsidiary-to set up automotive lighting unit at Pantnagar, Uttaranchal | 23.43 |
| 2 | Investment in LDK, subsidiary-to set up leveling motor unit at existing Manesar unit in Haryana | 3.90 |
| 3 | Investment in LDK, subsidiary-for enhancement of infrastructure at existing Manesar unit in Haryana | 0.80 |
| 4 | Set up cost of chassis assembly unit at Bhosari near Pune, Maharashtra | 11.87 |
| 5 | Expansion and modernization of existing manufacturing unit at Chakan,658.00near Pune & Waluj, near Aurangabad, Maharashtra | 6.58 |
| 6 | Modernization of development centre at Chinchwad near Pune, Maharashtra | 1.15 |
| 7 | To meet the expenses of the issue | 2.50 |
| Total | 50.23 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 28.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 79.99% | 59.28% |
| Market Cap | ₹87.23 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 | Lead Manager’s Fees & Brokerage and selling commission | 0.68 |
| 2 | Advertising & Marketing Expenses | 0.32 |
| 3 | Printing & Stationery/Despatch | 0.58 |
| 4 | Other Expenses (listing fees, Depository charges etc.) | 0.93 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹75.50 | ₹80.00 |
| Low | ₹75.50 | ₹75.00 |
| High | ₹142.10 | ₹143.00 |
| Last Trade | ₹110.60 | ₹110.70 |
Lead Manager Reports
Lumax Auto Technologies IPO is a main-board IPO of 30,12,539 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹75 per share. The minimum order quantity is .
The IPO opens on Thu, Dec 14, 2006, and closes on Thu, Dec 21, 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 Lumax Auto Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Lumax Auto Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lumax Auto Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lumax Auto Technologies IPO opens on Thu, Dec 14, 2006 and closes on Thu, Dec 21, 2006.
Lumax Auto Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Lumax Auto Technologies 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 Lumax Auto Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Lumax Auto Technologies IPO allotment status.
The Lumax Auto Technologies IPO listing date is on Tue, Jan 16, 2007.
