Bookbuilding IPO | ₹25 Cr | Listed at BSE, NSE | Mon, Dec 4, 2006 - Fri, Dec 8, 2006
Nissan Copper IPO is a book build issue of ₹25.00 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹25.00 crore.
Nissan Copper IPO bidding started from Dec 4, 2006 and ended on Dec 8, 2006. The shares got listed on the NSE and the BSE on Dec 29, 2006.
Nissan Copper IPO is set final issue price at ₹39 per share. The lot size for an application is 160 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,240 (160 shares) (based on upper price). The lot size investment for sNII is 33 lots (5,280 shares), amounting to ₹2,05,920, and for bNII, it is 161 lots (25,760 shares), amounting to ₹10,04,640.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Nissan Copper IPO RHP for detailed Information.
IPO Open
Mon, Dec 4, 2006
IPO Close
Fri, Dec 8, 2006
Issue Price
₹39 per share
Market Cap (Pre-IPO)
₹56.77 Cr
| IPO Date | 4 to 8 Dec, 2006 |
| Listed on | Fri, Dec 29, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹39 |
| Issue Price | ₹39 per share |
| Lot Size | 160 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 64,10,905 shares (agg. up to ₹25 Cr) |
| Fresh Issue | 64,10,905 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 81,45,000 shares |
| Share Holding Post Issue | 1,45,55,257 shares |
| BSE Script Code / NSE Symbol | 532789 / NISSAN |
| ISIN | INE846H01021 |
Nissan Copper IPO comprises a total issue size of 64,10,257 shares. The net offer to the public is 57,69,231 shares, after excluding 6,41,026 shares under a preferential allotment. Of the Net offer 28,84,615 (50.00%) are allocated to QIB, 8,65,385 (15.00%) allocated to NII 20,19,231 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 28,84,615 | 50.00% | 45.00% | NA |
| NII (HNI) Shares Offered | 8,65,385 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 20,19,231 | 35.00% | 31.50% | 12,620 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,41,026 | 10.00% | NA | |
| Total Shares Offered | 64,10,257 | 100.00% | 100.00% | |
Investors can bid for a minimum of 160 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹6,240 |
| Retail (Max) | 32 | 5,120 | ₹1,99,680 |
| S-HNI (Min) | 33 | 5,280 | ₹2,05,920 |
| S-HNI (Max) | 160 | 25,600 | ₹9,98,400 |
| B-HNI (Min) | 161 | 25,760 | ₹10,04,640 |
| 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 |
Nissan Copper Limited is manufacturer of copper ingots, coils, wire bars, strips, section, flats, billet bars, rods and copper pipes. The products manufactured by Nissan Copper are mainly used in switchgears / panels, radiators, refrigerators, electric appliances, connectors, heat exchangers etc.
Nissan Copper Limited has two manufacturing units. One located at Silvassa, where they carry out the manufacturing processes and the other located at Umbergaon which is presently involved in futher processing.
| 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 | Land Development, Boundary Wall, Workers Quarters/ Sheds | 1.00 |
| 2 | Plant & Machinery | 16.93 |
| 3 | Electrical Installations | 1.90 |
| 4 | Equipments | 1.28 |
| 5 | Erection & Commissioning | 0.44 |
| 6 | Preliminary & Share Issue Expenses | 2.50 |
| 7 | Contingencies | 0.95 |
| 8 | Working Capital Margin | 10.00 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 34.11% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.9% | 53.67% |
| Market Cap | ₹56.77 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 | Fees to intermediaries | 1.15 |
| 2 | Advertising and marketing expenses | 0.75 |
| 3 | Printing and Stationary expenses | 0.50 |
| 4 | Others | 0.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹39.00 | ₹39.00 |
| Open | ₹40.00 | ₹39.00 |
| Low | ₹40.00 | ₹39.00 |
| High | ₹135.70 | ₹136.90 |
| Last Trade | ₹128.80 | ₹130.90 |
Lead Manager Reports
Nissan Copper IPO is a main-board IPO of 64,10,905 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹39 per share. The minimum order quantity is 160.
The IPO opens on Mon, Dec 4, 2006, and closes on Fri, Dec 8, 2006.
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 Nissan Copper IPO using UPI as a payment gateway. Zerodha customers can apply in Nissan Copper IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nissan Copper IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nissan Copper IPO opens on Mon, Dec 4, 2006 and closes on Fri, Dec 8, 2006.
Nissan Copper IPO lot size is 160, and the minimum amount required for application is ₹6,240.
You can apply in Nissan Copper 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 Nissan Copper IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nissan Copper IPO allotment status.
The Nissan Copper IPO listing date is on Fri, Dec 29, 2006.
