Bookbuilding IPO | ₹79 Cr | Listed at BSE, NSE | Mon, Jan 24, 2011 - Thu, Jan 27, 2011
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 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,880 (60 shares) (based on upper price). 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 Open
Mon, Jan 24, 2011
IPO Close
Thu, Jan 27, 2011
Issue Price
₹98 per share
Market Cap (Pre-IPO)
₹192.35 Cr
| IPO Date | 24 to 27 Jan, 2011 |
| Listed on | Thu, Feb 10, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹98 |
| Issue Price | ₹98 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 81,00,004 shares (agg. up to ₹79 Cr) |
| Fresh Issue | 81,00,004 shares (agg. up to ₹79 Cr) |
| Share Holding Pre Issue | 1,15,28,000 shares |
| Share Holding Post Issue | 1,96,28,000 shares |
| BSE Script Code / NSE Symbol | 533317 / OMKARCHEM |
| ISIN | INE474L01016 |
Omkar Speciality Chemicals IPO comprises a total issue size of 81,00,000 shares. Out of which, 40,50,000 (50.00%) are allocated to QIB, 12,15,000 (15.00%) allocated to NII 28,35,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 58.73% |
| Market Cap | ₹192.35 Cr. |
The Omkar speciality IPO is subscribed 4.67 times on January 27, 2011 5:00:00 PM (Day 3). The public issue subscribed 9.9 times in the retail category, 0.82 times in the QIB category, and 5.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.82 | 40,50,000 | |
| NII | 5.27 | 12,15,000 | |
| Retail | 9.9 | 28,35,000 | |
| Total | 4.67 | 81,00,000 |
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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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees, Underwriting & Selling Commission (including commission to SCSB for ASBA applications) & Brokerage | 3.18 |
| 2 | Registrars fees | 0.03 |
| 3 | Fees for Legal Counsel to the Issue | 0.04 |
| 4 | Fees payable to Grading Agency for grading the Issue | 0.06 |
| 5 | Fees payable to Bankers to the Issue | |
| 6 | Printing and Distribution of Issue Stationery | 2.38 |
| 7 | Advertising and Marketing expenses | 2.72 |
| 8 | Other expenses (stamp duty, initial listing fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 0.33 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹98.00 | ₹98.00 |
| Open | ₹95.00 | ₹92.00 |
| Low | ₹42.50 | ₹42.05 |
| High | ₹101.00 | ₹101.00 |
| Last Trade | ₹46.20 | ₹46.45 |
Lead Manager Reports
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 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 60.
The IPO opens on Mon, Jan 24, 2011, and closes on Thu, Jan 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 Mon, Jan 24, 2011 and closes on Thu, Jan 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 Thu, Feb 10, 2011.
