Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Mon, Aug 24, 2015 - Wed, Aug 26, 2015
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 per share. The lot size for an application is 95. The minimum amount of investment required by an retail is ₹14,725 (95 shares) (based on upper price). 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 Open
Mon, Aug 24, 2015
IPO Close
Wed, Aug 26, 2015
Issue Price
₹155 per share
Market Cap (Pre-IPO)
₹2,210.42 Cr
| IPO Date | 24 to 26 Aug, 2015 |
| Listed on | Wed, Sep 9, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹147 to ₹155 |
| Issue Price | ₹155 per share |
| Lot Size | 95 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,87,09,676 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 3,29,03,225 shares (agg. up to ₹510 Cr) |
| Offer for Sale | 58,06,451 shares of ₹10 (agg. up to ₹90 Cr) |
| Share Holding Pre Issue | 10,97,04,798 shares |
| Share Holding Post Issue | 14,26,08,023 shares |
| BSE Script Code / NSE Symbol | 539332 / NAVKARCORP |
| ISIN | INE278M01019 |
Navkar IPO comprises a total issue size of 3,87,09,676 shares. Out of which, 1,93,54,838 (50.00%) are allocated to QIB, 58,06,451 (15.00%) allocated to NII 1,35,48,387 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 95 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Navkar Corporation IPO is subscribed 2.85 times on August 26, 2015 9:00:00 AM (Day 3). The public issue subscribed 1.62 times in the retail category, 6.47 times in the QIB category, and 0.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 6.47 | 81,63,266 | |
| NII | 0.9 | 61,22,449 | |
| Retail | 1.62 | 1,42,85,714 | |
| Total | 2.85 | 2,85,71,429 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Joint Global Coordinators and Book Running Lead Managers | 205.20 |
| 2 | Advertising and marketing expenses | 24.48 |
| 3 | Printing and stationery expenses | 34.00 |
| 4 | Fees payable to the Registrar to the Offer | 0.17 |
| 5 | Fees payable to the Bankers to the Offer, brokerage and selling commission, as applicable | 10.31 |
| 6 | Brokerage and selling commission payable to Registered Brokers | 2.69 |
| 7 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.11 |
| 8 | Others (listing fees, monitoring agency fees, legal fees, etc.) | 75.39 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹155.00 | ₹155.00 |
| Open | ₹152.00 | ₹152.00 |
| Low | ₹152.00 | ₹152.00 |
| High | ₹168.40 | ₹169.45 |
| Last Trade | ₹166.40 | ₹166.85 |
Navkar IPO is a main-board IPO of 3,87,09,676 equity shares of the face value of ₹10 aggregating up to ₹600 Crores. The issue is priced at ₹155 per share. The minimum order quantity is 95.
The IPO opens on Mon, Aug 24, 2015, and closes on Wed, Aug 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 Mon, Aug 24, 2015 and closes on Wed, Aug 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 Wed, Sep 9, 2015.
