Bookbuilding IPO | ₹100 Cr | Listed at BSE, NSE | Tue, Mar 20, 2007 - Fri, Mar 23, 2007
Orbit IPO is a book build issue of ₹100.10 crores. The issue is entirely a fresh issue of 0.91 crore shares of ₹100.10 crore.
Orbit IPO bidding started from Mar 20, 2007 and ended on Mar 23, 2007. The shares got listed on BSE, NSE on Apr 12, 2007.
Orbit IPO price band is set at ₹110 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹5,850 (50 shares) (based on upper price). The lot size investment for sNII is 37 lots (1,850 shares), amounting to ₹2,03,500, and for bNII, it is 182 lots (9,100 shares), amounting to ₹10,01,000.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Orbit IPO RHP for detailed Information.
IPO Open
Tue, Mar 20, 2007
IPO Close
Fri, Mar 23, 2007
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹499.08 Cr
| IPO Date | 20 to 23 Mar, 2007 |
| Listed on | Thu, Apr 12, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹108 to ₹117 |
| Issue Price | ₹110 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 91,00,000 shares (agg. up to ₹100 Cr) |
| Fresh Issue | 91,00,000 shares (agg. up to ₹100 Cr) |
| Share Holding Pre Issue | 2,71,71,150 shares |
| Share Holding Post Issue | 4,53,71,150 shares |
| BSE Script Code / NSE Symbol | 532837 / ORBITCORP |
| ISIN | INE628H01015 |
Orbit IPO comprises a total issue size of 91,00,000 shares. Out of which, 45,50,000 (50.00%) are allocated to QIB, 13,65,000 (15.00%) allocated to NII 31,85,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 45,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 13,65,000 | 15.00% | NA |
| Retail Shares Offered | 31,85,000 | 35.00% | 63,700 |
| Total Shares Offered | 91,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹5,500 |
| Retail (Max) | 36 | 1,800 | ₹1,98,000 |
| S-HNI (Min) | 37 | 1,850 | ₹2,03,500 |
| S-HNI (Max) | 181 | 9,050 | ₹9,95,500 |
| B-HNI (Min) | 182 | 9,100 | ₹10,01,000 |
Orbit Corporation Limited is a Mumbai based real estate construction and development company with primary focus on redevelopment of existing properties. Orbit specializes in developing, designing and managing “Build to suit” high-end residential and commercial properties.
Orbit Corporation Limited also engages in real estate activities through Orbit Constructions & Realtors Private Limited, Orbit Buildcon & Realty Private Limited and Orbit Housing Private Limited.
| 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 | Advances towards acquisition cost of new projects | 50.00 |
| 2 | Project Development cost for the current projects | 97.06 |
| 3 | Investment in wholly owned subsidiaries | 311.42 |
| 4 | Issue expenses | 7.82 |
| KPI | |
|---|---|
| RoNW | 0.09% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 80.63% | 48.29% |
| Market Cap | ₹499.08 Cr. |
The Orbit IPO is subscribed 3.85 times on March 23, 2007 5:00:00 PM (Day 4). The public issue subscribed 0.89 times in the retail category, 5.7 times in the QIB category, and 4.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹110.00 | ₹110.00 |
| Open | ₹90.00 | ₹113.00 |
| Low | ₹90.00 | ₹110.15 |
| High | ₹137.00 | ₹137.60 |
| Last Trade | ₹127.95 | ₹128.20 |
Lead Manager Reports
Orbit IPO is a main-board IPO of 91,00,000 equity shares of the face value of ₹10 aggregating up to ₹100 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 50.
The IPO opens on Tue, Mar 20, 2007, and closes on Fri, Mar 23, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Orbit IPO using UPI as a payment gateway. Zerodha customers can apply in Orbit IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Orbit IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Orbit IPO opens on Tue, Mar 20, 2007 and closes on Fri, Mar 23, 2007.
Orbit IPO lot size is 50, and the minimum amount required for application is ₹5,500.
You can apply in Orbit 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 Orbit IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Orbit IPO allotment status.
The Orbit IPO listing date is on Thu, Apr 12, 2007.
