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Page Industries IPO is a book build issue of ₹100.94 crores. The issue is a combination of fresh issue of 0.14 crore shares aggregating to ₹50.84 crores and offer for sale of 0.14 crore shares aggregating to ₹50.10 crores.
Page Industries IPO bidding started from Feb 23, 2007 and ended on Feb 27, 2007. The shares got listed on BSE, NSE on Mar 16, 2007.
Page Industries IPO price band is set at ₹360.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹5,400 (15 shares). The lot size investment for sNII is 38 lots (570 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (2,790 shares), amounting to ₹10,04,400.
The issue includes a reservation of up to 15,000 shares for employees offered at a discount of ₹0.00 to the issue price.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Page Industries IPO RHP for detailed Information.
| IPO Date | February 23, 2007 to February 27, 2007 |
| Listing Date | March 16, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹360 to ₹395 per share |
| Issue Price Final | ₹360 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 28,04,000 shares (aggregating up to ₹100.94 Cr) |
| Fresh Issue | 14,12,354 shares (aggregating up to ₹50.84 Cr) |
| Offer for Sale | 13,91,646 shares of ₹10 (aggregating up to ₹50.10 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 97,41,520 shares |
| Share Holding Post Issue | 1,11,53,874 shares |
Page Industries IPO offers total 28,04,000 shares. Out of which 13,94,500 (49.73%) allocated to QIB, 4,18,350 (14.92%) allocated to NII, 9,76,150 (34.81%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 13,94,500 (49.73%) | NA |
| NII (HNI) Shares Offered | 4,18,350 (14.92%) | NA |
| Retail Shares Offered | 9,76,150 (34.81%) | 65,076 |
| Employee Shares Offered | 15,000 (0.53%) | NA |
| Total Shares Offered | 28,04,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Page Industries IPO opens on February 23, 2007, and closes on February 27, 2007.
| IPO Open Date | Fri, Feb 23, 2007 |
| IPO Close Date | Tue, Feb 27, 2007 |
| Tentative Listing Date | Fri, Mar 16, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 27, 2007 |
Investors can bid for a minimum of 15 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 | 15 | ₹5,400 |
| Retail (Max) | 37 | 555 | ₹1,99,800 |
| S-HNI (Min) | 38 | 570 | ₹2,05,200 |
| S-HNI (Max) | 185 | 2,775 | ₹9,99,000 |
| B-HNI (Min) | 186 | 2,790 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Established in 1995, Page Industries Limited is a Bangalore based company involves in development and production of high quality underwear for men, women, and children.
Page Industries Limited is exclusive Licensee of Jockey International Inc. (USA) for India, Srilanka, Nepal, Bangladesh and Maldives. Jockey, has not just pioneered the underwear industry but has continued to influence worldwide markets for over 130 years. Its success has stemmed from revolutionary Jockey inventions, such as the world's first ever brief in 1934, the bikini brief, the string bikini, box packaging and a host of underwear fashion and fabric innovations.
Page Industries Limited is promoted by Genomal group who are associated with Jockey International Inc for 36 Years as their sole licensee in Philippines.
Jockey has the distinction of being the only innerwear brand in India which has been recognized as Superbrand. Jockey is retailed in over 14,000 stores in over 1100 cities and towns spanning the entire length and breadth of the country.
Page Industries Limited revenue has grown from Rs.71.1 Million in FY1997 to Rs 1011.9 Million in FY 06.
| KPI | Values |
|---|---|
| RoNW | 90.98% |
The Company Page Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Brand Building | 233.50 |
| 2 | Expansion of garment manufacturing capacity at the existing location | 46.58 |
| 3 | Setting up a new manufacturing facility at Bommasandra, Bangalore | 152.05 |
| 4 | Expansion of Elastic manufacturing facility | 5.77 |
| 5 | Expansion of Socks manufacturing facility | 10.65 |
| 6 | Purchase of Corporate office premises | 75.00 |
| 7 | Implementation of new generation ERP software (SAP) | 5.00 |
| 8 | Modernisation of production process | 6.00 |
| 9 | General Corporate purposes | 1.82 |
| 10 | Issue Expenses | 83.63 |
| Listing Date | March 16, 2007 |
| BSE Script Code | 532827 |
| NSE Symbol | PAGEIND |
| ISIN | INE761H01022 |
| Final Issue Price | ₹360 per share |
| BSE Listing Group | B1 |
Page Industries Ltd.
Abbaiah Reddy Industrial Area, Jockey Campus,
6/2 & 6/4, Hongasandra,
Begur Hobli, Bangalore 560 068 India
Bangalore Urban, Karnataka
Phone: +91 80 2573 2952
Email: pageipo@jockeyindia.com
Website: http://www.jockeyindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: page-ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Page Industries IPO is a main-board IPO of 28,04,000 equity shares of the face value of ₹10 aggregating up to ₹100.94 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 15.
The IPO opens on February 23, 2007, and closes on February 27, 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 Page Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Page Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Page Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Page Industries IPO opens on February 23, 2007 and closes on February 27, 2007.
Page Industries IPO lot size is 15, and the minimum amount required for application is ₹5,400.
You can apply in Page Industries 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 Page Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Page Industries IPO allotment status.
The Page Industries IPO listing date is on Friday, March 16, 2007.
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