Bookbuilding IPO | ₹102 Cr | Listed at BSE, NSE | Mon, Jun 4, 2007 - Thu, Jun 7, 2007
Meghmani Organics IPO is a book build issue of ₹102.00 crores. The issue is entirely a fresh issue of 5.37 crore shares of ₹102.00 crore.
Meghmani Organics IPO bidding started from Jun 4, 2007 and ended on Jun 7, 2007. The shares got listed on BSE, NSE on Jun 28, 2007.
Meghmani Organics IPO price band is set at ₹19 per share. The lot size for an application is 350. The minimum amount of investment required by an retail is ₹6,650 (350 shares) (based on upper price). The lot size investment for sNII is 31 lots (10,850 shares), amounting to ₹2,06,150, and for bNII, it is 151 lots (52,850 shares), amounting to ₹10,04,150.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Meghmani Organics IPO RHP for detailed Information.
IPO Open
Mon, Jun 4, 2007
IPO Close
Thu, Jun 7, 2007
Issue Price
₹19 per share
Market Cap (Pre-IPO)
₹483.20 Cr
| IPO Date | 4 to 7 Jun, 2007 |
| Listed on | Thu, Jun 28, 2007 |
| Face Value | ₹1 per share |
| Price Band | ₹17 to ₹19 |
| Issue Price | ₹19 per share |
| Lot Size | 350 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,36,84,211 shares (agg. up to ₹102 Cr) |
| Fresh Issue | 5,36,84,211 shares (agg. up to ₹102 Cr) |
| Share Holding Pre Issue | 20,06,30,000 shares |
| Share Holding Post Issue | 25,43,14,211 shares |
| BSE Script Code / NSE Symbol | 532865 / MEGH |
| ISIN | INE974H01013 |
Meghmani Organics IPO comprises a total issue size of 5,36,84,211 shares. Out of which, 3,22,10,526 (60.00%) are allocated to QIB, 53,68,421 (10.00%) allocated to NII 1,61,05,264 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 3,22,10,526 | 60.00% | NA |
| NII (HNI) Shares Offered | 53,68,421 | 10.00% | NA |
| Retail Shares Offered | 1,61,05,264 | 30.00% | 46,015 |
| Total Shares Offered | 5,36,84,211 | 100.00% |
Investors can bid for a minimum of 350 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹6,650 |
| Retail (Max) | 30 | 10,500 | ₹1,99,500 |
| S-HNI (Min) | 31 | 10,850 | ₹2,06,150 |
| S-HNI (Max) | 150 | 52,500 | ₹9,97,500 |
| B-HNI (Min) | 151 | 52,850 | ₹10,04,150 |
Incorporated in 1995, Meghmani Organics Limited is in the business of manufacturing pigments and agrochemicals.
Meghmani Organics manufacture green and blue pigments used in printing inks, plastics, rubber, paints, textiles, leather and paper industry. A majority of pigments are exported with exports constituted around 85% of Meghmani's pigment business revenue last year.
Meghmani Organics also manufacture Agrochemical products including pesticide intermediates, technical grade pesticides and pesticide formulations. Exports constituted about 66% of our revenues of Meghmani's agrochemical revenue last year.
| 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 finance setting up of a new high performance pigment plant ("HPP") at GIDC Industrial Estate, Vatva, Ahmedabad | 14.52 |
| 2 | New Technical grade Pesticide /Formulation plant at Panoli | 11.42 |
| 3 | Investment in our subsidiary, Meghmani Energy Limited to finance setting up of 3 MW Captive Power Plant at Chharodi | 14.41 |
| 4 | Inorganic growth opportunities/diversification opportunities / general corporate purpose | 19.80 |
| 5 | Financing working capital needs | 34.90 |
| 6 | Issue expenses | 6.95 |
| KPI | |
|---|---|
| RoNW | 15% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.83% | 48.78% |
| Market Cap | ₹483.20 Cr. |
The Meghmani IPO is subscribed 23.94 times on June 7, 2007 5:00:00 PM (Day 4). The public issue subscribed 26.01 times in the retail category, 19.43 times in the QIB category, and 44.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 0.00 |
| 2 | Advertising & Marketing Costs | 0.00 |
| 3 | Printing & stationery | 0.00 |
| 4 | Others (Registrar's fees, legal fees, fees for auditors, stamp duty, initial listing fees and annual listing fees, other statutory fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹19.00 | ₹19.00 |
| Open | ₹33.25 | ₹33.25 |
| Low | ₹26.15 | ₹26.00 |
| High | ₹34.00 | ₹33.25 |
| Last Trade | ₹26.65 | ₹26.60 |
Lead Manager Reports
Meghmani Organics IPO is a main-board IPO of 5,36,84,211 equity shares of the face value of ₹1 aggregating up to ₹102 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 350.
The IPO opens on Mon, Jun 4, 2007, and closes on Thu, Jun 7, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Meghmani Organics IPO using UPI as a payment gateway. Zerodha customers can apply in Meghmani Organics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Meghmani Organics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Meghmani Organics IPO opens on Mon, Jun 4, 2007 and closes on Thu, Jun 7, 2007.
Meghmani Organics IPO lot size is 350, and the minimum amount required for application is ₹6,650.
You can apply in Meghmani Organics 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 Meghmani Organics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Meghmani Organics IPO allotment status.
The Meghmani Organics IPO listing date is on Thu, Jun 28, 2007.
