Bookbuilding IPO | ₹101 Cr | Listed at BSE, NSE | Fri, Feb 23, 2007 - Tue, Feb 27, 2007
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 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹5,925 (15 shares) (based on upper price). 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 Open
Fri, Feb 23, 2007
IPO Close
Tue, Feb 27, 2007
Issue Price
₹360 per share
Market Cap (Pre-IPO)
₹401.54 Cr
| IPO Date | 23 to 27 Feb, 2007 |
| Listed on | Fri, Mar 16, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹360 to ₹395 |
| Issue Price | ₹360 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 28,04,000 shares (agg. up to ₹101 Cr) |
| Fresh Issue | 14,12,354 shares (agg. up to ₹51 Cr) |
| Offer for Sale | 13,91,646 shares of ₹10 (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 97,41,520 shares |
| Share Holding Post Issue | 1,11,53,874 shares |
| BSE Script Code / NSE Symbol | 532827 / PAGEIND |
| ISIN | INE761H01022 |
Jockey India IPO comprises a total issue size of 28,04,000 shares. The net offer to the public is 27,89,000 shares, after excluding 15,000 shares under a preferential allotment. Of the Net offer 13,94,500 (50.00%) are allocated to QIB, 4,18,350 (15.00%) allocated to NII 9,76,150 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 13,94,500 | 50.00% | 49.73% | NA |
| NII (HNI) Shares Offered | 4,18,350 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 9,76,150 | 35.00% | 34.81% | 65,076 |
| Preferential Reservations | ||||
| Employee Shares Offered | 15,000 | 0.53% | NA | |
| Total Shares Offered | 28,04,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| 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 |
| 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 |
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.
| 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 | Brand Building | 23.35 |
| 2 | Expansion of garment manufacturing capacity at the existing location | 4.66 |
| 3 | Setting up a new manufacturing facility at Bommasandra, Bangalore | 15.21 |
| 4 | Expansion of Elastic manufacturing facility | 0.58 |
| 5 | Expansion of Socks manufacturing facility | 1.07 |
| 6 | Purchase of Corporate office premises | 7.50 |
| 7 | Implementation of new generation ERP software (SAP) | 0.50 |
| 8 | Modernisation of production process | 0.60 |
| 9 | General Corporate purposes | 0.18 |
| 10 | Issue Expenses | 8.36 |
| KPI | |
|---|---|
| RoNW | 90.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.125% | 72.351% |
| Market Cap | ₹401.54 Cr. |
The Page Industries IPO is subscribed 1.44 times on February 27, 2007 5:00:00 PM (Day 3). The public issue subscribed 0.79 times in the retail category, 2.27 times in the QIB category, and 0.21 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 | Management fees, Underwriting Commission and Brokerage and selling expenses | 3.97 |
| 2 | Fees of Legal Advisors, Auditors etc. | 0.18 |
| 3 | Marketing and advertisement expenses | 2.41 |
| 4 | Stationery, printing and registrar expenses | 1.32 |
| 5 | Other Miscellaneous expenses | 0.49 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹360.00 | ₹360.00 |
| Open | ₹341.90 | ₹329.00 |
| Low | ₹272.00 | ₹261.10 |
| High | ₹341.90 | ₹339.00 |
| Last Trade | ₹282.10 | ₹271.80 |
Lead Manager Reports
Jockey India IPO is a main-board IPO of 28,04,000 equity shares of the face value of ₹10 aggregating up to ₹101 Crores. The issue is priced at ₹360 per share. The minimum order quantity is 15.
The IPO opens on Fri, Feb 23, 2007, and closes on Tue, Feb 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 Jockey India IPO using UPI as a payment gateway. Zerodha customers can apply in Jockey India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jockey India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jockey India IPO opens on Fri, Feb 23, 2007 and closes on Tue, Feb 27, 2007.
Jockey India IPO lot size is 15, and the minimum amount required for application is ₹5,400.
You can apply in Jockey India 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 Jockey India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jockey India IPO allotment status.
The Jockey India IPO listing date is on Fri, Mar 16, 2007.
