Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Mon, Mar 30, 2015 - Wed, Apr 8, 2015
O.P.Chains IPO is a fixed price issue of ₹2.04 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹2.04 crore.
O.P.Chains IPO bidding started from Mar 30, 2015 and ended on Apr 8, 2015. The shares got listed on BSE SME on Apr 22, 2015.
O.P.Chains IPO price is ₹11 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (20,000 shares), amounting to ₹2,20,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Securities Ltd..
Refer to O.P.Chains IPO RHP for detailed Information.
IPO Open
Mon, Mar 30, 2015
IPO Close
Wed, Apr 8, 2015
Issue Price
₹11 per share
Market Cap (Pre-IPO)
₹7.54 Cr
| IPO Date | 30 Mar to 8 Apr, 2015 |
| Listed on | Wed, Apr 22, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹11 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,50,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 1,00,000 shares Hem Securities Ltd. (agg. up to ₹0.1100 Cr) |
| Fresh Issue (Ex Market Maker) | 17,50,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 17,50,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,50,000 shares |
| BSE Script Code | 539116 |
| ISIN | INE118Q01018 |
O.P.Chains IPO comprises a total issue size of 18,50,000 shares. The net offer to the public is 17,50,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 8,70,000 (49.71%) allocated to NII 8,80,000 (50.29%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,70,000 | 49.71% | 47.03% |
| Retail Shares Offered | 8,80,000 | 50.29% | 47.57% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.41% | |
| Total Shares Offered | 18,50,000 | 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 | ₹1,10,000 |
| Retail (Max) | 1 | 10,000 | ₹1,10,000 |
| HNI (Min) | 2 | 20,000 | ₹2,20,000 |
Incorporated in 2001, O P Chains Ltd. (OPCL) is a north centric Bullion dealer of Gold and Silver and other precious metals specializing in bars and coins of various precious metals like Gold and Silver. It offers wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewellers and semi-wholesalers.
OPCL operates as an important intermediary in bullion trading industry whereby it purchase materials such as Gold, Silver and other precious metals etc. from State Trading Corporation of India, Hindustan Zinc Limited, ICICI Bank Limited, Punjab National Bank Limited and SB Ornaments Pvt. Ltd., and supply to customers in the Jewelry industry to various jewelers and related business.
| 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 | Working Capital Requirements | 1.65 |
| 2 | General Corporate Purpose | 0.14 |
| 3 | Issue Expenses | 0.25 |
| KPI | |
|---|---|
| RoNW | 0.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 53.1% | 38.76% |
| Market Cap | ₹7.54 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 | 0.18 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Regulatory fees and expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹11.00 |
| Open | ₹11.25 |
| Low | ₹11.25 |
| High | ₹11.81 |
| Last Trade | ₹11.81 |
Lead Manager Reports
O.P.Chains IPO is a SME IPO of 18,50,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Mar 30, 2015, and closes on Wed, Apr 8, 2015.
Bigshare 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 O.P.Chains IPO using UPI as a payment gateway. Zerodha customers can apply in O.P.Chains IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in O.P.Chains IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The O.P.Chains IPO opens on Mon, Mar 30, 2015 and closes on Wed, Apr 8, 2015.
O.P.Chains IPO lot size is 10000, and the minimum amount required for application is ₹1,10,000.
You can apply in O.P.Chains 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 O.P.Chains IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the O.P.Chains IPO allotment status.
The O.P.Chains IPO listing date is on Wed, Apr 22, 2015.
