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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 ₹219.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,850 (30 shares). 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 Date | June 4, 2007 to June 8, 2007 |
| Listing Date | June 27, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹195 to ₹219 per share |
| Issue Price Final | ₹219 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,50,240 shares (aggregating up to ₹95.27 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,30,50,000 shares |
| Share Holding Post Issue | 1,74,00,000 shares |
Nelcast IPO offers total 43,50,000 shares. Out of which 21,75,000 (50.00%) allocated to QIB, 6,52,500 (15.00%) allocated to NII, 15,22,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Nelcast IPO opens on June 4, 2007, and closes on June 8, 2007.
| IPO Open Date | Mon, Jun 4, 2007 |
| IPO Close Date | Fri, Jun 8, 2007 |
| Tentative Listing Date | Wed, Jun 27, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 8, 2007 |
Investors can bid for a minimum of 30 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 45.29% |
The Company Nelcast IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Expansion/ Modernisation of the existing production facilities | 614.55 |
| 2 | Incremental working capital requirement | 250.00 |
| 3 | Issue expenses | 58.00 |
| 4 | General Corporate Purposes | 30.10 |
| Listing Date | June 27, 2007 |
| BSE Script Code | 532864 |
| NSE Symbol | NELCAST |
| ISIN | INE189I01024 |
| Final Issue Price | ₹219 per share |
| BSE Listing Group | B1 |
Nelcast Ltd.
Nelcast Limited,
34, Industrial Estate,
Gudur 524101, Andhra Pradesh, India
Gudur, Andhra Pradesh
Phone: + 91 8624 251 266
Email: nelcast@nelcast.com
Website: http://www.nelcast.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nelcast IPO is a main-board IPO of 43,50,240 equity shares of the face value of ₹10 aggregating up to ₹95.27 Crores. The issue is priced at ₹219 per share. The minimum order quantity is 30.
The IPO opens on June 4, 2007, and closes on June 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 June 4, 2007 and closes on June 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 Wednesday, June 27, 2007.
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