Bookbuilding IPO | ₹13 Cr | Listed at NSE SME | Mon, Mar 25, 2013 - Thu, Mar 28, 2013
Opal Luxury Time Products IPO is a book build issue of ₹13.00 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹13.00 crore.
Opal Luxury Time Products IPO bidding started from Mar 25, 2013 and ended on Mar 28, 2013. The shares got listed on NSE SME on Apr 12, 2013.
Opal Luxury Time Products IPO price band is set at ₹130 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,35,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
IDBI Capital Markets Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is IDBI Capital Markets & Securities Ltd..
Refer to Opal Luxury Time Products IPO RHP for detailed Information.
IPO Open
Mon, Mar 25, 2013
IPO Close
Thu, Mar 28, 2013
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹43.66 Cr
| IPO Date | 25 to 28 Mar, 2013 |
| Listed on | Fri, Apr 12, 2013 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹135 |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 10,00,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 2,79,000 shares IDBI Capital Markets & Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 7,21,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 7,21,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 23,58,818 shares |
| Share Holding Post Issue | 33,58,818 shares |
| NSE Symbol | OPAL |
| ISIN | INE520N01012 |
Opal Luxury Time Products IPO comprises a total issue size of 12,29,000 shares. The net offer to the public is 9,50,000 shares, after excluding 2,79,000 shares allotted on a firm basis. Of the Net offer 4,75,000 (50.00%) are allocated to QIB, 1,43,000 (15.05%) allocated to NII 3,32,000 (34.95%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,75,000 | 50.00% | 38.65% |
| NII (HNI) Shares Offered | 1,43,000 | 15.05% | 11.64% |
| Retail Shares Offered | 3,32,000 | 34.95% | 27.01% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,79,000 | 22.70% | |
| Total Shares Offered | 12,29,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Incorporated in 2007, Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products. Currently Opal design and manufacture wall and table clocks and market them under two brands, the premium brand 'Opal' and budget brand 'Caliber'.
They offer 109 styles of clocks under their brand ‘OPAL’ those ranges from Rs 1450 to Rs 27500. Also they have 31 styles of clocks under ‘Caliber’ brand with average MRP of Rs 370. Company is headquartered in Pune and currently has a manufacturing facility in the industrial area of Roorkee, Uttarakhand.
Company's brand 'Opal' has 91 organized retailers which includes popular brands such as Shoppers Stop, Home Town, etc. Also they have tie ups with 10 online portals and also have their own shopping portal www.opalclocks.com. They have recently started exporting both their brands, ‘Opal’ and ‘Caliber’ to the United States.
| 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 | Investments in Moulds, tools and equipment ,and Indigenisation of the designs for expansion of the existing manufacturing facility | 10.30 |
| 2 | Enhancement of the Company’s brand through advertising and other brand building activities | 3.91 |
| 3 | General Corporate Purposes | 0.80 |
| KPI | |
|---|---|
| RoNW | 24.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 35.99% | 25.27% |
| Market Cap | ₹43.66 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.
CRISIL Research has assigned a CRISIL SME fundamental grade of 'SME 4/5' to Opal Luxury Time Products Ltd. The SME fundamental grade indicates that the fundamentals of the company are 'superior' compared to other SMEs in India. CRISIL SME fundamental grade is CRISIL's current opinion on the fundamentals of the graded SME. This opinion is a relative assessment in relation to other SMEs in India. A CRISIL SME fundamental grade 'SME 5/5' indicates excellent fundamentals and a CRISIL SME fundamental grade 'SME 1/5' indicates poor fundamentals. Read full report...
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management (lead management fees, underwriting, selling commission including commission paid to members of the Syndicate as well as to the non-syndicate members, for procuring ASBA Bids and submitting the same with SCSBs and processing fees paid to SCSBs for processing Syndicate ASBA Bids , Market Making expenses etc.) | 1.15 |
| 2 | Registrars fees and expenses | 0.02 |
| 3 | Advertising, Travelling and Marketing expenses | 0.02 |
| 4 | Printing and Stationary expenses | 0.06 |
| 5 | Other expenses (including legal advisors fee, regulatory fees and charges including fees paid to Stock Exchange Depositories etc.) | 0.67 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹130.00 |
| Low | ₹112.00 |
| High | ₹135.00 |
| Last Trade | ₹128.00 |
Lead Manager Reports
Opal Luxury Time Products IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Mar 25, 2013, and closes on Thu, Mar 28, 2013.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Opal Luxury Time Products IPO using UPI as a payment gateway. Zerodha customers can apply in Opal Luxury Time Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Opal Luxury Time Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Opal Luxury Time Products IPO opens on Mon, Mar 25, 2013 and closes on Thu, Mar 28, 2013.
Opal Luxury Time Products IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Opal Luxury Time Products 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 Opal Luxury Time Products IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Opal Luxury Time Products IPO allotment status.
The Opal Luxury Time Products IPO listing date is on Fri, Apr 12, 2013.
