Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Mon, Sep 30, 2013 - Thu, Oct 3, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 30, 2013
IPO Close
Thu, Oct 3, 2013
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹23.95 Cr
| IPO Date | 30 Sep to 3 Oct, 2013 |
| Listed on | Thu, Oct 17, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 63,20,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 3,20,000 shares Bindal Equities Ltd. (agg. up to ₹0.3200 Cr) |
| Fresh Issue (Ex Market Maker) | 60,00,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 60,00,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 1,76,25,200 shares |
| Share Holding Post Issue | 2,39,45,200 shares |
| BSE Script Code | 536644 |
| ISIN | INE596O01010 |
Newever Trade Wings IPO comprises a total issue size of 63,20,000 shares. The net offer to the public is 60,00,000 shares, after excluding 3,20,000 shares allotted on a firm basis. Of the Net offer 30,00,000 (50.00%) allocated to NII 30,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,00,000 | 50.00% | 47.47% |
| Retail Shares Offered | 30,00,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,20,000 | 5.06% | |
| Total Shares Offered | 63,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Additional Margin Requirements | 5.95 |
| 2 | Public Issue Expenses | 0.37 |
| KPI | |
|---|---|
| RoNW | 0.22% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 28.65% | 21.09% |
| Market Cap | ₹23.95 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.27 |
| 2 | Printing & Stationery, Postage Expenses and Marketing & Advertisement Expenses | 0.05 |
| 3 | Regulatory fees and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.20 |
| Low | ₹12.20 |
| High | ₹12.80 |
| Last Trade | ₹12.80 |
Lead Manager Reports
Newever Trade Wings IPO is a SME IPO of 63,20,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Sep 30, 2013, and closes on Thu, Oct 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 Mon, Sep 30, 2013 and closes on Thu, Oct 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 Thu, Oct 17, 2013.
