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Navkar IPO is a book build issue of ₹600.00 crores. The issue is a combination of fresh issue of 3.29 crore shares aggregating to ₹510.00 crores and offer for sale of 0.58 crore shares aggregating to ₹90.00 crores.
Navkar IPO bidding started from Aug 24, 2015 and ended on Aug 26, 2015. The shares got listed on BSE, NSE on Sep 9, 2015.
Navkar IPO price band is set at ₹155.00 per share . The lot size for an application is 95. The minimum amount of investment required by an retail is ₹13,965 (95 shares). The lot size investment for sNII is 14 lots (1,330 shares), amounting to ₹2,06,150, and for bNII, it is 68 lots (6,460 shares), amounting to ₹10,01,300.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Navkar IPO RHP for detailed Information.
| IPO Date | August 24, 2015 to August 26, 2015 |
| Listing Date | September 9, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹147 to ₹155 per share |
| Issue Price Final | ₹155 per share |
| Lot Size | 95 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,87,09,676 shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 3,29,03,225 shares (aggregating up to ₹510.00 Cr) |
| Offer for Sale | 58,06,451 shares of ₹10 (aggregating up to ₹90.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,97,04,798 shares |
| Share Holding Post Issue | 14,26,08,023 shares |
Navkar Corporation IPO offers total 3,87,09,676 shares. Out of which 1,93,54,838 (50.00%) allocated to QIB, 77,41,936 (20.00%) allocated to QIB, 58,06,451 (15.00%) allocated to NII, 1,35,48,387 (35.00%) allocated to RII and 1,16,12,902 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,93,54,838 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,16,12,902 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 77,41,936 (20.00%) | NA |
| NII (HNI) Shares Offered | 58,06,451 (15.00%) | NA |
| Retail Shares Offered | 1,35,48,387 (35.00%) | 1,42,614 |
| Total Shares Offered | 3,87,09,676 (100.00%) |
Navkar IPO opens on August 24, 2015, and closes on August 26, 2015.
| IPO Open Date | Mon, Aug 24, 2015 |
| IPO Close Date | Wed, Aug 26, 2015 |
| Tentative Listing Date | Wed, Sep 9, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 26, 2015 |
Investors can bid for a minimum of 95 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 | 95 | ₹14,725 |
| Retail (Max) | 13 | 1,235 | ₹1,91,425 |
| S-HNI (Min) | 14 | 1,330 | ₹2,06,150 |
| S-HNI (Max) | 67 | 6,365 | ₹9,86,575 |
| B-HNI (Min) | 68 | 6,460 | ₹10,01,300 |
Navkar Corporation Limited is CFS operator in India with three CFSs, Ajivali CFS I and Ajivali CFS II at Ajivali and Somathane CFS at Somathane, which are strategically located in Panvel, Maharashtra.
Container freight stations (CFSs) and inland container depots (ICDs) are common user facilities with public authority status equipped with fixed installations.
As of December 31, 2014, our CFSs had an aggregate installed handling capacity of 310,000 TEUs per annum on the basis of our then current infrastructure and operating equipment.
Company have a private railway freight terminal (PFT) which allows us to load and unload cargo from container trains operating between our Somathane CFS and the JN Port and to transport domestic cargo to and from inland destinations on the Indian rail netwrk. As of December 31, 2014, we also own and operate 461 trailers for the transportation of cargo between our CFSs and the JN Port by road.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 3,320.14 | 3,701.87 | 3,380.01 | 2,689.44 |
| Profit After Tax (PAT) | 743.60 | 900.08 | 567.13 | 469.64 |
The Company Navkar 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 | Cap acity enhancement of the Somathane CFS | 114.53 |
| 2 | Develop ment of the non-notified areas of our CFSs | 54.25 |
| 3 | Establishment of a logistics park at Valsad (near Vap i) | 314.56 |
[Dilip Davda] <p>Investment may be considered for long term as this company is likely to join the bandwagon like VRL Logi., Snowman, All Cargo, Gateway Distri, Concor etc.</p> Read detail review...
Public Issue of [.] Equity shares aggregating up to Rs 6000 million consisting of a fresh issue upto Rs 5100 million & an offer for sale upto Rs 900 million
| Listing Date | September 9, 2015 |
| BSE Script Code | 539332 |
| NSE Symbol | NAVKARCORP |
| ISIN | INE278M01019 |
| Final Issue Price | ₹155 per share |
| BSE Listing Group | B |
Navkar Corp.Ltd.
205-206, J.K. Chambers,
Sector 17, Vashi,
Navi Mumbai 400 705, Maharashtra
Navi Mumbai, Maharashtra
Phone: +91 22 2766 8223
Email: cs@navkarcfs.com
Website: http://www.navkarcfs.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ncl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Navkar IPO is a main-board IPO of 3,87,09,676 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹155 per share. The minimum order quantity is 95.
The IPO opens on August 24, 2015, and closes on August 26, 2015.
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 Navkar IPO using UPI as a payment gateway. Zerodha customers can apply in Navkar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Navkar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Navkar IPO opens on August 24, 2015 and closes on August 26, 2015.
Navkar IPO lot size is 95, and the minimum amount required for application is ₹14,725.
You can apply in Navkar 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 Navkar IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Navkar IPO allotment status.
The Navkar IPO listing date is on Wednesday, September 9, 2015.
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