Bookbuilding IPO | ₹62 Cr | Listed at BSE | Mon, May 26, 2008 - Fri, May 30, 2008
Niraj Cement Structurals IPO is a book build issue of ₹61.75 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹61.75 crore.
Niraj Cement Structurals IPO bidding started from May 26, 2008 and ended on May 30, 2008. The shares got listed on BSE on Jun 19, 2008.
Niraj Cement Structurals IPO price band is set at ₹190 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,700 (30 shares) (based on upper price). The lot size investment for sNII is 36 lots (1,080 shares), amounting to ₹2,05,200, and for bNII, it is 176 lots (5,280 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 3,25,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Allahabad Bank is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Niraj Cement Structurals IPO RHP for detailed Information.
IPO Open
Mon, May 26, 2008
IPO Close
Fri, May 30, 2008
Issue Price
₹190 per share
Market Cap (Pre-IPO)
₹196.51 Cr
| IPO Date | 26 to 30 May, 2008 |
| Listed on | Thu, Jun 19, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹190 |
| Issue Price | ₹190 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 32,50,000 shares (agg. up to ₹62 Cr) |
| Fresh Issue | 32,50,000 shares (agg. up to ₹62 Cr) |
| Share Holding Pre Issue | 70,92,800 shares |
| Share Holding Post Issue | 1,03,42,800 shares |
| BSE Script Code | 532986 NIRAJ |
| ISIN | INE368I01016 |
Niraj Cement Structurals IPO comprises a total issue size of 32,50,000 shares. The net offer to the public is 29,25,000 shares, after excluding 3,25,000 shares under a preferential allotment. Of the Net offer 14,62,500 (50.00%) are allocated to QIB, 4,38,750 (15.00%) allocated to NII 10,23,750 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 14,62,500 | 50.00% | 45.00% | NA |
| NII (HNI) Shares Offered | 4,38,750 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 10,23,750 | 35.00% | 31.50% | 34,125 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,25,000 | 10.00% | NA | |
| Total Shares Offered | 32,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,700 |
| Retail (Max) | 35 | 1,050 | ₹1,99,500 |
| S-HNI (Min) | 36 | 1,080 | ₹2,05,200 |
| S-HNI (Max) | 175 | 5,250 | ₹9,97,500 |
| B-HNI (Min) | 176 | 5,280 | ₹10,03,200 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1998, Niraj Cement Structurals Ltd is engaged in the business of infrastructure development, building roads, airport upgradation, bridges, airport runways, pavements, industrial structures, ready mix concrete and others. The company is operating from Mumbai and at present executing project in Orissa and Maharashtra.
The list of projects completed by company:
1. Worli Bandra Sea Link Package;
2. Construction of Apron Flooring in connection with Construction of Air India Hanger Project, Mumbai;
3. Construction of Dry Lean Concrete & Pavement Quality with Slip Form Paver at Part Kon to Kalamboli;
4. Replacement of existing concrete pavement (apron) panels in front of Air India Hanger No. 1 & 2 at Old Airport;
5. Construction of New Fire Station at Mumbai Airport Mumbai, SH Rigid Pavement;
6. Execution of Track linking works in between Tomka-Keonjhar on E.C. Railway.
The Major Projects currently under execution:
1. Widening to 4/6 lanes and strengthening of existing 2 lane carriageway of NH-60 in the state of Orissa;
2. Widening and construction of LBS Marg from Sion to Kanjurmarg;
3. Widening and construction of LBS Marg from Kanjurmarg to Mulund Check Naka;
4. Dam & Spilway under Tuirial Hydro Electric Power Station Project Mizoram;
5. Strengthening and Extension of Container Yard at NMPT With Paver Blocks;
6. Providing Heavy Duty Pavement in Mangalore;
7. Providing Paver Block Pavement at Main Gate, KK Gate and Seamen’s Circle Junction in the Wharf Area in Mangalore 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 | Investment in capital equipment | 20.95 |
| 2 | Funding long term working Capital Requirements | 18.17 |
| 3 | General Corporate Purposes | 20.10 |
| 4 | Meeting the issue expenses | 2.54 |
| KPI | |
|---|---|
| RoNW | 12.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 68.58% |
| Market Cap | ₹196.51 Cr. |
The Niraj Cement Structurals IPO is subscribed 1.74 times on May 30, 2008 5:00:00 PM (Day 5). The public issue subscribed 3.81 times in the retail category, 0 times in the QIB category, and 4.01 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 | Lead Management, underwriting and selling commissions | 1.51 |
| 2 | Registrar’s Expenses | 0.12 |
| 3 | Advertising and marketing expenses | 0.22 |
| 4 | Printing and Stationery | 0.39 |
| 5 | Others | 0.30 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹190.00 |
| Open | ₹185.00 |
| Low | ₹169.70 |
| High | ₹197.90 |
| Last Trade | ₹190.15 |
Lead Manager Reports
Niraj Cement Structurals IPO is a main-board IPO of 32,50,000 equity shares of the face value of ₹10 aggregating up to ₹62 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 30.
The IPO opens on Mon, May 26, 2008, and closes on Fri, May 30, 2008.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Niraj Cement Structurals IPO using UPI as a payment gateway. Zerodha customers can apply in Niraj Cement Structurals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Niraj Cement Structurals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Niraj Cement Structurals IPO opens on Mon, May 26, 2008 and closes on Fri, May 30, 2008.
Niraj Cement Structurals IPO lot size is 30, and the minimum amount required for application is ₹5,700.
You can apply in Niraj Cement Structurals 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 Niraj Cement Structurals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Niraj Cement Structurals IPO allotment status.
The Niraj Cement Structurals IPO listing date is on Thu, Jun 19, 2008.
