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Newever Trade Wings IPO is a fixed price issue of ₹6.32 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹6.32 crore.
Newever Trade Wings IPO bidding started from Sep 30, 2013 and ended on Oct 3, 2013. The shares got listed on BSE SME on Oct 17, 2013.
Newever Trade Wings IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Bindal Equities Ltd..
Refer to Newever Trade Wings IPO RHP for detailed Information.
| IPO Date | September 30, 2013 to October 3, 2013 |
| Listing Date | October 17, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,20,000 shares (aggregating up to ₹6.32 Cr) |
| Reserved for Market Maker | 3,20,000 shares Bindal Equities Ltd. (aggregating up to ₹0.3200 Cr) |
| Net Offered to Public | 60,00,000 shares (aggregating up to ₹6.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,76,25,200 shares |
| Share Holding Post Issue | 2,39,45,200 shares |
Newever Trade Wings IPO offers total 63,20,000 shares. Out of which 30,00,000 (47.47%) allocated to NII, 30,00,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,20,000 (5.06%) |
| NII (HNI) Shares Offered | 30,00,000 (47.47%) |
| Retail Shares Offered | 30,00,000 (47.47%) |
| Total Shares Offered | 63,20,000 (100.00%) |
Newever Trade Wings IPO opens on September 30, 2013, and closes on October 3, 2013.
| IPO Open Date | Mon, Sep 30, 2013 |
| IPO Close Date | Thu, Oct 3, 2013 |
| Tentative Listing Date | Thu, Oct 17, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 3, 2013 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Newever Trade Wings Ltd is currently engaged in the business of trading of iron & steel and other commodities. They are a multiproduct Iron & Steel trading company with a diverse product portfolio. They are also in the process of adding the agri-products, mainly various pulses, maize and barley etc. in their trading products portfolio.
The current portfolio of iron & steel products currently being traded by Company includes the following:
1. GI Wire
2. MS Angle
3. MS Round Cutting
4. Pig Iron
5. Steel Forge Bar
6. TMT Bar
Company's customer base include CMG Ductiles Limited, Ranisati Metal Industries, S.G. Strips Limited and TIF (Castings) Limited.
| KPI | Values |
|---|---|
| RoNW | 0.22% |
The Company Newever Trade Wings 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 | Additional Margin Requirements | 5.95 |
| 2 | Public Issue Expenses | 0.37 |
[Dilip Davda] <p>Even though issue is at par, considering entry barrier, one should avoid it.</p> Read detail review...
| Listing Date | October 17, 2013 |
| BSE Script Code | 536644 |
| NSE Symbol | |
| ISIN | INE596O01010 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.20 |
| Low | ₹12.20 |
| High | ₹12.80 |
| Last Trade | ₹12.80 |
Newever Trade Wings Ltd.
238B, A. J. C. Bose Road,
Unit 4B,
Fourth Floor,
Kolkata, West Bengal, 700020
Phone: +91 33 6501 6503
Email: info@newever.in
Website: http://www.newever.in
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
Newever Trade Wings IPO is a SME IPO of 63,20,000 equity shares of the face value of ₹10 aggregating up to ₹6.32 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on September 30, 2013, and closes on October 3, 2013.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Newever Trade Wings IPO using UPI as a payment gateway. Zerodha customers can apply in Newever Trade Wings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Newever Trade Wings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Newever Trade Wings IPO opens on September 30, 2013 and closes on October 3, 2013.
Newever Trade Wings IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Newever Trade Wings 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 Newever Trade Wings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Newever Trade Wings IPO allotment status.
The Newever Trade Wings IPO listing date is on Thursday, October 17, 2013.
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