Bookbuilding IPO | ₹86 Cr | Listed at BSE, NSE | Tue, Jul 29, 2008 - Fri, Aug 1, 2008
Nu Tek India IPO is a book build issue of ₹86.40 crores. The issue is a combination of fresh issue of 0.35 crore shares aggregating to ₹67.20 crores and offer for sale of 0.10 crore shares aggregating to ₹19.20 crores.
Nu Tek India IPO bidding started from Jul 29, 2008 and ended on Aug 1, 2008. The shares got listed on BSE, NSE on Aug 27, 2008.
Nu Tek India IPO price band is set at ₹192 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,760 (30 shares) (based on upper price). The lot size investment for sNII is 35 lots (1,050 shares), amounting to ₹2,01,600, and for bNII, it is 174 lots (5,220 shares), amounting to ₹10,02,240.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
SPA Capital Advisors Ltd. is the book running lead manager and Aarthi Consultants Pvt.Ltd. is the registrar of the issue.
Refer to Nu Tek India IPO RHP for detailed Information.
IPO Open
Tue, Jul 29, 2008
IPO Close
Fri, Aug 1, 2008
Issue Price
₹192 per share
Market Cap (Pre-IPO)
₹331.38 Cr
| IPO Date | 29 Jul to 1 Aug, 2008 |
| Listed on | Wed, Aug 27, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹192 |
| Issue Price | ₹192 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 45,00,000 shares (agg. up to ₹86 Cr) |
| Fresh Issue | 35,00,000 shares (agg. up to ₹67 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 1,37,59,300 shares |
| Share Holding Post Issue | 1,72,59,300 shares |
| BSE Script Code / NSE Symbol | 533015 / NUTEK |
| ISIN | INE318J01027 |
Nu Tek India IPO comprises a total issue size of 45,00,000 shares. The net offer to the public is 44,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 22,00,000 (50.00%) are allocated to QIB, 6,60,000 (15.00%) allocated to NII 15,40,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 22,00,000 | 50.00% | 48.89% | NA |
| NII (HNI) Shares Offered | 6,60,000 | 15.00% | 14.67% | NA |
| Retail Shares Offered | 15,40,000 | 35.00% | 34.22% | 51,333 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 2.22% | NA | |
| Total Shares Offered | 45,00,000 | 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 | ₹5,760 |
| Retail (Max) | 34 | 1,020 | ₹1,95,840 |
| S-HNI (Min) | 35 | 1,050 | ₹2,01,600 |
| S-HNI (Max) | 173 | 5,190 | ₹9,96,480 |
| B-HNI (Min) | 174 | 5,220 | ₹10,02,240 |
| 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 1993, Nu Tek India Limited is a Telecom infrastructure service provider, offering Infrastructure rollout solutions for both mobile and fixed telecommunication networks. Nu Tek offer services to Telecommunication Equipment Manufacturers, Telecom operators as well as third party infrastructure leasing companies in installing and maintaining Telecom Network Equipment & Infrastructure.
Nu Tek undertake turnkey projects, provide management expertise to their clients for infrastructure creation and installation for telecom sites which includes Passive Infrastructure like Towers, Telecom Shelters, Backup Power - DG sets and Battery Banks, Electrical Infrastructure and Earthing Stations etc. and active infrastructure like Base Transceiver Station (BTS), microwave, optic fibre, Base Station Controller (BSC), Mobile Switching Centres (MSC), IN (Intelligent networks), VAS (Value added services) equipments, transmission equipment such as STM’s and Microwaves to the most advanced World Interoperability for Microwave Access (WIMAX) equipment and future ready 3G Nodes. Company also provide technical support services in the High End Telecom segments such as Radio Frequency and Transmission Planning, Network Tuning & Optimization and Quality of Service (QoS) to their clients.
Major clients amongst Telecom Equipment Manufacturers are:
1. Nokia Siemens Networks Pvt Ltd
2. Ericsson India Pvt Ltd
3. Motorola India Pvt Ltd
4. Nortel Networks India Pvt Ltd
Major clients amongst Telceom Operators are:
1. Tata Teleservices Ltd
2. Reliance Communications Ltd
3. Bharti Airtel Ltd
4. Idea Cellular Ltd
5. Vodafone Essar Ltd(Hutch)
6. Videsh Sanchar Nigam Ltd
Major clients amongst third party infrastructure leasing companies are:
1. Quipo Telecom Infrastructure Ltd
2. Essar TTIL Ltd
3. Xcel Telecom Ltd
4. IMI Ltd
| 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 | Capital Expenditure | 23.58 |
| 2 | Overseas Acquisitions | 21.00 |
| 3 | Augmenting Long Term Working Capital resources | 44.00 |
| 4 | General Corporate Purposes | 0.50 |
| 5 | Expenses related to Fresh Issue | 6.61 |
| KPI | |
|---|---|
| RoNW | 23.79% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 53.21% | 42.42% |
| Market Cap | ₹331.38 Cr. |
The Nu Tek India IPO is subscribed 1.63 times on August 1, 2008 5:00:00 PM (Day 4). The public issue subscribed 1.01 times in the retail category, 2.06 times in the QIB category, and 1.78 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 | BRLM / Syndicate member fee | 1.98 |
| 2 | Underwriting & Selling Commission | 1.51 |
| 3 | Advertising & Marketing expenses | 0.65 |
| 4 | IPO Grading Fee | 0.08 |
| 5 | Registrar Fee | 0.03 |
| 6 | Printing, Stationary, Dispatch | 0.73 |
| 7 | Other expenses (including listing fee, SEBI filing fee, Legal Counsel fee, Depository charges, Auditor’s fee, etc.) | 3.53 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹192.00 | ₹192.00 |
| Open | ₹201.10 | ₹195.00 |
| Low | ₹194.00 | ₹193.75 |
| High | ₹225.00 | ₹217.00 |
| Last Trade | ₹199.30 | ₹199.15 |
Lead Manager Reports
Nu Tek India IPO is a main-board IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹86 Crores. The issue is priced at ₹192 per share. The minimum order quantity is 30.
The IPO opens on Tue, Jul 29, 2008, and closes on Fri, Aug 1, 2008.
Aarthi Consultants Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nu Tek India IPO using UPI as a payment gateway. Zerodha customers can apply in Nu Tek India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nu Tek India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nu Tek India IPO opens on Tue, Jul 29, 2008 and closes on Fri, Aug 1, 2008.
Nu Tek India IPO lot size is 30, and the minimum amount required for application is ₹5,760.
You can apply in Nu Tek India 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 Nu Tek India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nu Tek India IPO allotment status.
The Nu Tek India IPO listing date is on Wed, Aug 27, 2008.
