Bookbuilding FPO | ₹425 Cr | Listing at BSE, NSE | Wed, May 3, 2006 - Tue, May 9, 2006 P
Patel Engineering FPO is a book build issue of ₹425.00 crores. The issue is entirely a fresh issue of 0.97 crore shares of ₹425.00 crore.
Patel Engineering FPO bidding started from May 3, 2006 and ended on May 9, 2006. Patel Engineering FPO will list on BSE, NSE with a The tentative listing date fixed as .
Patel Engineering FPO is set final issue price at ₹440 per share.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Patel Engineering FPO RHP for detailed Information.
FPO Open
Wed, May 3, 2006
FPO Close
Tue, May 9, 2006
Issue Price
₹440 per share
Market Cap (Pre-IPO)
₹2,625.00 Cr
| IPO Date | 3 to 9 May, 2006 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹400 to ₹440 |
| Issue Price | ₹440 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 96,59,090 shares (agg. up to ₹425 Cr) |
| Fresh Issue | 96,59,090 shares (agg. up to ₹425 Cr) |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,96,59,090 shares |
Patel Engineering FPO comprises a total issue size of 96,59,090 shares. The net offer to the public is 91,76,135 shares, after excluding 4,82,955 shares under a preferential allotment. Of the Net offer 45,88,066 (50.00%) are allocated to QIB, 13,76,421 (15.00%) allocated to NII 32,11,648 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 45,88,066 | 50.00% | 47.50% |
| NII (HNI) Shares Offered | 13,76,421 | 15.00% | 14.25% |
| Retail Shares Offered | 32,11,648 | 35.00% | 33.25% |
| Preferential Reservations | |||
| Shareholders Shares Offered | 4,82,955 | 5.00% | |
| Total Shares Offered | 96,59,090 | 100.00% | 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 shareholder | Allowed only if bidding amount is upto Rs 2 lakhs | |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Patel Engineering Ltd is engaged in civil engineering and construction company.
The company's core competency lies in the construction of civil structures, such as dams, powerhouse, surge chambers, intake structures, head race tunnel, etc. for hydro–power projects.
The company focus in transportation includes roads, bridges, railway or road tunnel contracts both in India and overseas.
Operations:
As at December 31, 2005, the company employed 1,087 full-time employees.
Competitive Strengths:
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 819.83 | 591.02 | 532.28 |
| Total Income | 798.91 | 783.73 | 576.47 |
| NET Worth | 141.77 | 111.02 | 82.20 |
| Reserves and Surplus | 136.91 | 108.59 | 79.77 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Capital Equipment | 70.00 |
| 2 | Repayment of Contractee Advances/ Debt | 80.00 |
| 3 | Investments in infrastructure projects, subsidiaries acquisition and joint ventures | 150.00 |
| 4 | General Corporate Purposes | 100.00 |
| Total | 400.00 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 27.46% |
| Price to Book Value | 15.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.80 | |
| Promoter Holding | 64.52% | 54.07% |
| Market Cap | ₹2,625.00 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commissions | 11.00 |
| 2 | Advertising and marketing expenses | 4.50 |
| 3 | Printing and stationery | 3.80 |
| 4 | Other (Registrar’s fees, legal fees, etc.) | 5.70 |
| Total | 25.00 |
Lead Manager Reports
Patel Engineering FPO is a main-board FPO of 96,59,090 equity shares of the face value of ₹1 aggregating up to ₹425 Crores. The issue is priced at ₹440 per share. The minimum order quantity is .
The FPO opens on Wed, May 3, 2006, and closes on Tue, May 9, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Patel Engineering FPO using UPI as a payment gateway. Zerodha customers can apply in Patel Engineering FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Patel Engineering FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Patel Engineering FPO opens on Wed, May 3, 2006 and closes on Tue, May 9, 2006.
Patel Engineering FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Patel Engineering FPO 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 Patel Engineering FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Patel Engineering FPO allotment status.
The Patel Engineering FPO listing date is not yet announced. The tentative date of listing is .
