Bookbuilding IPO | ₹38 Cr | Listed at BSE, NSE | Mon, Jan 15, 2007 - Thu, Jan 18, 2007
Pochiraju Industries IPO is a book build issue of ₹37.60 crores. The issue is entirely a fresh issue of 1.25 crore shares of ₹37.60 crore.
Pochiraju Industries IPO bidding started from Jan 15, 2007 and ended on Jan 18, 2007. The shares got listed on BSE, NSE on Feb 9, 2007.
Pochiraju Industries IPO price band is set at ₹30 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹6,000 (200 shares) (based on upper price). The lot size investment for sNII is 34 lots (6,800 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (33,400 shares), amounting to ₹10,02,000.
Allahabad Bank is the book running lead manager and Aarthi Consultants Pvt.Ltd. is the registrar of the issue.
Refer to Pochiraju Industries IPO RHP for detailed Information.
IPO Open
Mon, Jan 15, 2007
IPO Close
Thu, Jan 18, 2007
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹53.69 Cr
| IPO Date | 15 to 18 Jan, 2007 |
| Listed on | Fri, Feb 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹25 to ₹30 |
| Issue Price | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,25,34,625 shares (agg. up to ₹38 Cr) |
| Reserved for Private Promoter | 10,00,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue | 1,15,34,625 shares (agg. up to ₹35 Cr) |
| Net Offered to Public | 1,15,34,625 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 53,72,050 shares |
| Share Holding Post Issue | 1,78,95,387 shares |
| BSE Script Code / NSE Symbol | 532803 / POCHIRAJU |
| ISIN | INE332G01032 |
Pochiraju Industries IPO comprises a total issue size of 1,15,23,337 shares. The net offer to the public is 1,05,23,337 shares, after excluding 10,00,000 shares allotted on a firm basis. Of the Net offer 57,61,670 (50.00%) are allocated to QIB, 17,28,500 (15.00%) allocated to NII 40,33,167 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 57,61,670 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 17,28,500 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 40,33,167 | 35.00% | 35.00% | 20,165 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 10,00,000 | 8.68% | NA | |
| Total Shares Offered | 1,15,23,337 | 100.00% | 100.00% | |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (Min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (Max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (Min) | 167 | 33,400 | ₹10,02,000 |
Established in year 1998-99, Pochiraju Industries Ltd. is in production and marketing of cut flower roses for wholesalers, importers and retail outlets.
The Company is located in 23.5 acres land at Satyamangalam village, Hosur Tq., Krishnagiri District, Tamil Nadu, a noted Agri Export Zone for floriculture. It has 6 hectares of covered green house area under which different varieties of Dutch roses are grown under controlled environment.
Pochiraju Industries grows the fifteen varieties of Dutch roses and proposes to expand another 3 hectares with the following varieties of roses and other flowers Roses: Passion, Hollywood, Bianca, Polo, Tropical Amazon, Royalbaakara, etc. Coronations, Chrysanthemums, Tube roses, zeberas, etc.
| 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 | Bio tech Division (*) | 37.57 |
| 2 | Pharma Division (**) | 10.00 |
| KPI | |
|---|---|
| RoNW | 27.48% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.46% | 29.74% |
| Market Cap | ₹53.69 Cr. |
The Pochiraju IPO is subscribed 3.77 times on January 18, 2007 5:00:00 PM (Day 4). The public issue subscribed 6.02 times in the retail category, 1.98 times in the QIB category, and 4.49 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 | Advertising | 0.35 |
| 2 | Printing, Dispatch & Stationery | 0.40 |
| 3 | Issue Management Fees and Brokerage | 2.60 |
| 4 | Registrars Expenses | 0.10 |
| 5 | Other Statutory Costs | 0.30 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹30.00 | ₹30.00 |
| Open | ₹45.00 | ₹45.10 |
| Low | ₹35.05 | ₹35.55 |
| High | ₹64.00 | ₹63.70 |
| Last Trade | ₹49.15 | ₹49.65 |
Lead Manager Reports
Pochiraju Industries IPO is a main-board IPO of 1,25,34,625 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on Mon, Jan 15, 2007, and closes on Thu, Jan 18, 2007.
Aarthi Consultants Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Pochiraju Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Pochiraju Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pochiraju Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pochiraju Industries IPO opens on Mon, Jan 15, 2007 and closes on Thu, Jan 18, 2007.
Pochiraju Industries IPO lot size is 200, and the minimum amount required for application is ₹6,000.
You can apply in Pochiraju 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 Pochiraju Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pochiraju Industries IPO allotment status.
The Pochiraju Industries IPO listing date is on Fri, Feb 9, 2007.
