Bookbuilding IPO | ₹95 Cr | Listed at BSE, NSE | Mon, Jun 4, 2007 - Fri, Jun 8, 2007
Nelcast IPO is a book build issue of ₹95.27 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹95.27 crore.
Nelcast IPO bidding started from Jun 4, 2007 and ended on Jun 8, 2007. The shares got listed on BSE, NSE on Jun 27, 2007.
Nelcast IPO price band is set at ₹219 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹6,570 (30 shares) (based on upper price). The lot size investment for sNII is 31 lots (930 shares), amounting to ₹2,03,670, and for bNII, it is 153 lots (4,590 shares), amounting to ₹10,05,210.
Karvy Investor Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Nelcast IPO RHP for detailed Information.
IPO Open
Mon, Jun 4, 2007
IPO Close
Fri, Jun 8, 2007
Issue Price
₹219 per share
Market Cap (Pre-IPO)
₹381.06 Cr
| IPO Date | 4 to 8 Jun, 2007 |
| Listed on | Wed, Jun 27, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹219 |
| Issue Price | ₹219 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 43,50,240 shares (agg. up to ₹95 Cr) |
| Fresh Issue | 43,50,240 shares (agg. up to ₹95 Cr) |
| Share Holding Pre Issue | 1,30,50,000 shares |
| Share Holding Post Issue | 1,74,00,000 shares |
| BSE Script Code / NSE Symbol | 532864 / NELCAST |
| ISIN | INE189I01024 |
Nelcast IPO comprises a total issue size of 43,50,000 shares. Out of which, 21,75,000 (50.00%) are allocated to QIB, 6,52,500 (15.00%) allocated to NII 15,22,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 21,75,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 6,52,500 | 15.00% | NA |
| Retail Shares Offered | 15,22,500 | 35.00% | 50,750 |
| Total Shares Offered | 43,50,000 | 100.00% |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,570 |
| Retail (Max) | 30 | 900 | ₹1,97,100 |
| S-HNI (Min) | 31 | 930 | ₹2,03,670 |
| S-HNI (Max) | 152 | 4,560 | ₹9,98,640 |
| B-HNI (Min) | 153 | 4,590 | ₹10,05,210 |
Incorporated in 1982, Nelcast Limited is in the business of Iron Castings. A TS 16949 accredited organization, Nelcast is one of the largest manufacturers of Spheroidal Graphite (SG) Iron Castings in India.
Nelcast's factories are located at Gudur, Andhra Pradesh and Ponneri, Tamilnadu. Ponneri factory specifically manufactures Grey Iron and Ductile Iron castings.
Nelcast manufactures around 200 different castings in SG and Grey Iron. Cylinder Blocks, Flywheels, Flywheel Housings, Housings, Hubs, Spring Shackle, Brackets, Transmission Case, Axle Housings, Exhaust Manifolds etc. are some of the items that find application in the commercial vehicle and in the Tractor segments. Nelcast is a major supplier of auto components castings to Automobile and Tractor industry majors like TATA Motors, Ashok Leyland, Tafe, Mahindra & Mahindra, TATA Cummins etc.
| 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 | Expansion/ Modernisation of the existing production facilities | 61.46 |
| 2 | Incremental working capital requirement | 25.00 |
| 3 | Issue expenses | 5.80 |
| 4 | General Corporate Purposes | 3.01 |
| KPI | |
|---|---|
| RoNW | 45.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91.19% | 68.39% |
| Market Cap | ₹381.06 Cr. |
The Nelcast IPO is subscribed 7.36 times on June 8, 2007 5:00:00 PM (Day 5). The public issue subscribed 4.59 times in the retail category, 11.22 times in the QIB category, and 0.93 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 | Issue Management | 1.91 |
| 2 | Registrars fee | 0.10 |
| 3 | Printing of stationery | 1.50 |
| 4 | Advertising and marketing expenses | 0.50 |
| 5 | Underwriting, brokerage and selling commission | 1.43 |
| 6 | Other expenses | 0.37 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹219.00 | ₹219.00 |
| Open | ₹252.05 | ₹252.00 |
| Low | ₹203.10 | ₹204.25 |
| High | ₹284.70 | ₹274.00 |
| Last Trade | ₹206.25 | ₹207.35 |
Lead Manager Reports
Nelcast IPO is a main-board IPO of 43,50,240 equity shares of the face value of ₹10 aggregating up to ₹95 Crores. The issue is priced at ₹219 per share. The minimum order quantity is 30.
The IPO opens on Mon, Jun 4, 2007, and closes on Fri, Jun 8, 2007.
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 Nelcast IPO using UPI as a payment gateway. Zerodha customers can apply in Nelcast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nelcast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nelcast IPO opens on Mon, Jun 4, 2007 and closes on Fri, Jun 8, 2007.
Nelcast IPO lot size is 30, and the minimum amount required for application is ₹6,570.
You can apply in Nelcast 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 Nelcast IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nelcast IPO allotment status.
The Nelcast IPO listing date is on Wed, Jun 27, 2007.
