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Omkar Speciality Chemicals IPO is a book build issue of ₹79.38 crores. The issue is entirely a fresh issue of 0.81 crore shares of ₹79.38 crore.
Omkar Speciality Chemicals IPO bidding started from Jan 24, 2011 and ended on Jan 27, 2011. The shares got listed on BSE, NSE on Feb 10, 2011.
Omkar Speciality Chemicals IPO price band is set at ₹98.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,700 (60 shares). The lot size investment for sNII is 35 lots (2,100 shares), amounting to ₹2,05,800, and for bNII, it is 171 lots (10,260 shares), amounting to ₹10,05,480.
Almondz Global Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Omkar Speciality Chemicals IPO RHP for detailed Information.
| IPO Date | January 24, 2011 to January 27, 2011 |
| Listing Date | February 10, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹98 per share |
| Issue Price Final | ₹98 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 81,00,004 shares (aggregating up to ₹79.38 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,15,28,000 shares |
| Share Holding Post Issue | 1,96,28,000 shares |
Omkar speciality IPO offers total 81,00,000 shares. Out of which 40,50,000 (50.00%) allocated to QIB, 12,15,000 (15.00%) allocated to NII, 28,35,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 40,50,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 12,15,000 (15.00%) | NA |
| Retail Shares Offered | 28,35,000 (35.00%) | 47,250 |
| Total Shares Offered | 81,00,000 (100.00%) |
Omkar Speciality Chemicals IPO opens on January 24, 2011, and closes on January 27, 2011.
| IPO Open Date | Mon, Jan 24, 2011 |
| IPO Close Date | Thu, Jan 27, 2011 |
| Tentative Listing Date | Thu, Feb 10, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 27, 2011 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,880 |
| Retail (Max) | 34 | 2,040 | ₹1,99,920 |
| S-HNI (Min) | 35 | 2,100 | ₹2,05,800 |
| S-HNI (Max) | 170 | 10,200 | ₹9,99,600 |
| B-HNI (Min) | 171 | 10,260 | ₹10,05,480 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, Omkar Speciality Chemicals Ltd is mainly engaged in the manufacture and sale of speciality chemicals viz. selenium, compounds, iodine compounds, molybdenum compounds etc. and pharma intermediates viz. Potassium Iodate, Bismuth Ammonium Citrate, Bromoform etc.
Company is primarily involved in the production of speciality chemicals and pharma intermediates. The Inorganic Intermediates include Molybdenum derivatives, Selenium derivatives, Iodine derivatives, Cobalt derivatives, Bismuth & Tungsten derivatives and the organic intermediates include Tartaric acid derivatives and other intermediates. These products find applications in various industries like Pharmaceutical Industry, Chemical Industry, Glass Industry, Cosmetics, Ceramic Pigments and Cattle & Poultry Feeds.
Company has four Units at MIDC, Badlapur (E), Dist: Thane, Maharashtra, India. Omkar Speciality Chemicals exporting their products to Europe, Canada, Asia, South America & Australia. The total exports constituted 8.69%, 12.35% and 7.97% of gross sales during FY 2008, FY 2009 and FY 2010 respectively.
| Particulars | For the year/period ended (in Rs. lakhs) | ||||
| 31-Mar-10 | 31-Mar-09 | 30-Mar-08 | 30-Mar-07 | 30-Mar-06 | |
| Total Income | 6891.92 | 5064.64 | 4329.21 | 3,731.85 | 2,403.15 |
| Profit After Tax (PAT) | 513.45 | 313.04 | 258.30 | 193.58 | 136.97 |
The Company Omkar speciality IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of new manufacturing facility at Unit 4 at Badlapur, Maharashtra | 32.16 |
| 2 | Expansion of existing manufacturing facilities at Unit 1, Unit 2 & Unit 3 at Badlapur, Maharashtra | 14.62 |
| 3 | Meeting Working Capital requirements | 10.00 |
| 4 | General corporate purposes | 14.50 |
| 5 | Issue expenses | 8.72 |
CARE Limited has assigned an IPO Grade 3 to Omkar Speciality Chemicals Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Omkar Speciality Chemicals Ltd.
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| Listing Date | February 10, 2011 |
| BSE Script Code | 533317 |
| NSE Symbol | OMKARCHEM |
| ISIN | INE474L01016 |
| Final Issue Price | ₹98 per share |
| BSE Listing Group | B |
Omkar Speciality Chemicals Ltd.
Omkar Speciality Chemicals Ltd,
B-34, MIDC, Badlapur (E),
Thane- 421503, Maharashtra
Thane, Maharashtra
Phone: +91-251-2690651/2697340
Email: info@omkarchemicals.com
Website: http://www.omkarchemicals.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Omkar Speciality Chemicals IPO is a main-board IPO of 81,00,004 equity shares of the face value of ₹10 aggregating up to ₹79.38 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 60.
The IPO opens on January 24, 2011, and closes on January 27, 2011.
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 Omkar Speciality Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Omkar Speciality Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Omkar Speciality Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Omkar Speciality Chemicals IPO opens on January 24, 2011 and closes on January 27, 2011.
Omkar Speciality Chemicals IPO lot size is 60, and the minimum amount required for application is ₹5,880.
You can apply in Omkar Speciality Chemicals 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 Omkar Speciality Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Omkar Speciality Chemicals IPO allotment status.
The Omkar Speciality Chemicals IPO listing date is on Thursday, February 10, 2011.
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