Bookbuilding IPO | ₹45 Cr | Listed at BSE, NSE | Thu, Feb 8, 2007 - Wed, Feb 14, 2007
Oriental Trimex IPO is a book build issue of ₹44.70 crores. The issue is entirely a fresh issue of 0.93 crore shares of ₹44.70 crore.
Oriental Trimex IPO bidding started from Feb 8, 2007 and ended on Feb 14, 2007. The shares got listed on BSE, NSE on Mar 7, 2007.
Oriental Trimex IPO price band is set at ₹48 per share. The lot size for an application is 125. The minimum amount of investment required by an retail is ₹6,000 (125 shares) (based on upper price). The lot size investment for sNII is 34 lots (4,250 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (20,875 shares), amounting to ₹10,02,000.
Almondz Global Securities Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue.
Refer to Oriental Trimex IPO RHP for detailed Information.
IPO Open
Thu, Feb 8, 2007
IPO Close
Wed, Feb 14, 2007
Issue Price
₹48 per share
Market Cap (Pre-IPO)
₹74.42 Cr
| IPO Date | 8 to 14 Feb, 2007 |
| Listed on | Wed, Mar 7, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹48 |
| Issue Price | ₹48 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 93,11,875 shares (agg. up to ₹45 Cr) |
| Reserved for Private Promoter | 6,00,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue | 87,11,875 shares (agg. up to ₹42 Cr) |
| Net Offered to Public | 87,11,875 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 55,03,333 shares |
| Share Holding Post Issue | 1,55,03,333 shares |
| BSE Script Code / NSE Symbol | 532817 / ORIENTALTL |
| ISIN | INE998H01012 |
Oriental Trimex IPO comprises a total issue size of 94,00,000 shares. The net offer to the public is 88,00,000 shares, after excluding 6,00,000 shares allotted on a firm basis. Of the Net offer 47,00,000 (50.00%) are allocated to QIB, 14,10,000 (15.00%) allocated to NII 32,90,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 47,00,000 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 14,10,000 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 32,90,000 | 35.00% | 35.00% | 26,320 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 6,00,000 | 6.38% | NA | |
| Total Shares Offered | 94,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹6,000 |
| Retail (Max) | 33 | 4,125 | ₹1,98,000 |
| S-HNI (Min) | 34 | 4,250 | ₹2,04,000 |
| S-HNI (Max) | 166 | 20,750 | ₹9,96,000 |
| B-HNI (Min) | 167 | 20,875 | ₹10,02,000 |
Incorporated in 1996, Oriental Trimex Limited is in the business of cutting, polishing and processing of imported marble as well as indigenous marble and trading of granite. The Company has marble processing unit at Greater Noida with a licensed and installed capacity of 12,600 MT per annum.
Oriental Trimex imports rough marble blocks from Middle East, South East Asian Countries, Greece, Egypt, Spain, Turkey, Italy and sells it after processing in the domestic market to institutional as well as retail customers.
India being third largest exporter of stones in the world with Indian stone exports amounting to Rs. 34 billion in 2003-04, with granite alone accounting for Rs 26 billion. Oriental Trimex has plans to tap this export market by acquiring its own granite quarries and setting up granite processing unit. It has already secured mining rights for two quarries for extracting granites at Rairangpur and Behrampur in Orissa measuring 6.90 acres and 38.14 acres 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 | Expansion of capacity of marble processing at its Greater Noida processing unit | 3.00 |
| 2 | Setting up of a new marble processing unit at Kolkatta | 4.48 |
| 3 | Setting up of a new marble-processing unit at Bangalore | 7.00 |
| 4 | Setting up of a new granite/decorative stones processing unit at Balasore (Orissa) | 9.66 |
| 5 | Acquiring additional mining equipments for granite quarries in Orissa | 2.83 |
| 6 | Setting up of retail marketing outlet at Delhi and installation of equipments at Chennai outlet | 5.83 |
| 7 | Long term working capital requirement | 10.20 |
| 8 | Public Issue expenses | 2.50 |
| 9 | Pre-operative and Preliminary Expenses | 0.80 |
| 10 | Contingency provision | 0.90 |
| KPI | |
|---|---|
| RoNW | 40.89% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.98% | 39.37% |
| Market Cap | ₹74.42 Cr. |
The Oriental Trimex IPO is subscribed 1.05 times on February 14, 2007 5:00:00 PM (Day 5). The public issue subscribed 1.79 times in the retail category, 0.32 times in the QIB category, and 1.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fee | 2.36 |
| 2 | Registrars fees | 0.03 |
| 3 | Fee for Legal Counsel | 0.09 |
| 4 | Printing and Distribution of Issue Stationery | 0.78 |
| 5 | Advertising and Marketing expenses | 0.71 |
| 6 | Other expenses(stamp duty, initial listing fees, depository fees, charges for using the book building software of the exchanges and other related expenses) | 0.19 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹48.00 | ₹48.00 |
| Open | ₹42.00 | ₹50.10 |
| Low | ₹28.20 | ₹28.55 |
| High | ₹47.00 | ₹52.50 |
| Last Trade | ₹29.45 | ₹29.70 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Oriental Trimex IPO is a main-board IPO of 93,11,875 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹48 per share. The minimum order quantity is 125.
The IPO opens on Thu, Feb 8, 2007, and closes on Wed, Feb 14, 2007.
Beetal Financial & Computer 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 Oriental Trimex IPO using UPI as a payment gateway. Zerodha customers can apply in Oriental Trimex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oriental Trimex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oriental Trimex IPO opens on Thu, Feb 8, 2007 and closes on Wed, Feb 14, 2007.
Oriental Trimex IPO lot size is 125, and the minimum amount required for application is ₹6,000.
You can apply in Oriental Trimex 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 Oriental Trimex IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Oriental Trimex IPO allotment status.
The Oriental Trimex IPO listing date is on Wed, Mar 7, 2007.
