Bookbuilding IPO | ₹156 Cr | Listed at BSE, NSE | Tue, Aug 25, 2015 - Thu, Aug 27, 2015
Pennar Engineered Building IPO is a book build issue of ₹156.19 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹58.00 crores and offer for sale of 0.55 crore shares aggregating to ₹98.19 crores.
Pennar Engineered Building IPO bidding started from Aug 25, 2015 and ended on Aug 27, 2015. The shares got listed on BSE, NSE on Sep 10, 2015.
Pennar Engineered Building IPO price band is set at ₹178 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,240 (80 shares) (based on upper price). The lot size investment for sNII is 15 lots (1,200 shares), amounting to ₹2,13,600, and for bNII, it is 71 lots (5,680 shares), amounting to ₹10,11,040.
Axis Bank Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Pennar Engineered Building IPO RHP for detailed Information.
IPO Open
Tue, Aug 25, 2015
IPO Close
Thu, Aug 27, 2015
Issue Price
₹178 per share
Market Cap (Pre-IPO)
₹610.09 Cr
| IPO Date | 25 to 27 Aug, 2015 |
| Listed on | Thu, Sep 10, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹178 |
| Issue Price | ₹178 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 87,74,567 shares (agg. up to ₹156 Cr) |
| Fresh Issue | 32,58,426 shares (agg. up to ₹58 Cr) |
| Offer for Sale | 55,16,141 shares of ₹10 (agg. up to ₹98 Cr) |
| Share Holding Pre Issue | 3,10,16,485 shares |
| Share Holding Post Issue | 3,42,74,911 shares |
| BSE Script Code / NSE Symbol | 539333 / PENPEBS |
| ISIN | INE455O01019 |
Pennar Engineered Building IPO comprises a total issue size of 87,74,567 shares. Out of which, 43,87,282 (50.00%) are allocated to QIB, 13,16,186 (15.00%) allocated to NII 30,71,099 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 43,87,282 | 50.00% | NA |
| − Anchor Investor Shares Offered | 26,32,369 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 17,54,913 | 20.00% | NA |
| NII (HNI) Shares Offered | 13,16,186 | 15.00% | NA |
| Retail Shares Offered | 30,71,099 | 35.00% | 38,388 |
| Total Shares Offered | 87,74,567 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,240 |
| Retail (Max) | 14 | 1,120 | ₹1,99,360 |
| S-HNI (Min) | 15 | 1,200 | ₹2,13,600 |
| S-HNI (Max) | 70 | 5,600 | ₹9,96,800 |
| B-HNI (Min) | 71 | 5,680 | ₹10,11,040 |
Incorporate in January 2010, Pennar Engineered Building Systems Ltd is engaged in the business of custom designed building systems solutions. Company's capabilities include designing, manufacturing, supply and assembly of custom designed building systems. Company's products and services include pre-engineered buildings, design and engineering services, solar
module mounting structures, cold form buildings and structural steel products which are widely used for various manufacturing, warehousing, industrial, infrastructure and custom designed commercial buildings.
Pennar Engineered Building Systems Ltd is a subsidiary of Pennar Industries, the manufacturer of engineering products.
Company's core product is steel buildings which are custom designed and fabricated to
every customer's requirements in accordance with the applicable standards. The fabrication of pre-engineered building components is carried out in its manufacturing facility as per detailed designs created by us and approved by the customers.
Pennar Engineered Building Systems Ltd have completed design, manufacturing, supply and assembly of 82,120 MT covering sqm area of 18,16,266 pennar engineered buildings in various sectors including warehousing, retail and manufacturing; design, supply and erection of solar module mounting structures for generation of solar power; design, manufacturing, supply and
erection of structural steel buildings and cold form buildings.
| 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 | Repayment/ prepayment, in full or part, of certain working capital facilities availed by the Company | 34.00 |
| 2 | Financing the procurement of infrastructure (including software and hardware) forthe expansion ofour design and engineering services | 8.00 |
| 3 | General corporate purposes | 10.79 |
The Pennar Engineered IPO is subscribed 1.15 times on August 27, 2015 8:30:00 PM (Day 3). The public issue subscribed 0.41 times in the retail category, 2.2 times in the QIB category, and 1.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.2 | 18,31,583 | |
| NII | 1.44 | 13,39,186 | |
| Retail | 0.41 | 31,24,767 | |
| Total | 1.15 | 62,95,536 |
PUBLIC ISSUE OF 8,774,567 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF PENNAR ENGINEERED BUILDING SYSTEMS LIMITED, (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 178 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 168 PER EQUITY SHARE) AGGREGATING TO RS 1,561.87 MILLION CONSISTING OF A FRESH ISSUE OF 3,258,426 EQUITY SHARES AGGREGATING TO RS 580 MILLION BY OUR COMPANY (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 5,516,141 EQUITY SHARES BY THE SELLING SHAREHOLDERS (AS DEFINED IN 'DEFINITIONS AND ABBREVIATIONS' ON PAGE 6 OF THE PROSPECTUS) AGGREGATING TO RS 981.87 MILLION (THE'OFFER FOR SALE' AND THE FRESH ISSUE ARE TOGETHER REFERRED TO AS, THE 'ISSUE'). THE ISSUE WILL CONSTITUTE 25.60% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ fees, underwriting Commission, brokerage and Selling Commission, Commission payable to SCSBs, Processing Fees | 7.69 |
| 2 | Registrar’s fees | 0.07 |
| 3 | Advertisement and marketing expenses | 1.24 |
| 4 | Printing and distribution expenses | 1.66 |
| 5 | Advisors | 2.14 |
| 6 | Others (SEBI filing fees, Stock Exchanges fees bidding software expenses, depository charges, listing fees, fees payable to Registered Brokers, etc.) | 1.24 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹178.00 | ₹178.00 |
| Open | ₹150.00 | ₹177.95 |
| Low | ₹150.00 | ₹169.10 |
| High | ₹157.50 | ₹177.95 |
| Last Trade | ₹157.50 | ₹169.50 |
Pennar Engineered Building IPO is a main-board IPO of 87,74,567 equity shares of the face value of ₹10 aggregating up to ₹156 Crores. The issue is priced at ₹178 per share. The minimum order quantity is 80.
The IPO opens on Tue, Aug 25, 2015, and closes on Thu, Aug 27, 2015.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Pennar Engineered Building IPO using UPI as a payment gateway. Zerodha customers can apply in Pennar Engineered Building IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pennar Engineered Building IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pennar Engineered Building IPO opens on Tue, Aug 25, 2015 and closes on Thu, Aug 27, 2015.
Pennar Engineered Building IPO lot size is 80, and the minimum amount required for application is ₹14,240.
You can apply in Pennar Engineered Building 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 Pennar Engineered Building IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pennar Engineered Building IPO allotment status.
The Pennar Engineered Building IPO listing date is on Thu, Sep 10, 2015.
