Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Fri, Sep 22, 2017 - Tue, Sep 26, 2017
Poojawestern Metaliks IPO is a fixed price issue of ₹5.48 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹5.48 crore.
Poojawestern Metaliks IPO bidding started from Sep 22, 2017 and ended on Sep 26, 2017. The shares got listed on BSE SME on Oct 5, 2017.
Poojawestern Metaliks IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Poojawestern Metaliks IPO RHP for detailed Information.
IPO Open
Fri, Sep 22, 2017
IPO Close
Tue, Sep 26, 2017
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹18.26 Cr
| IPO Date | 22 to 26 Sep, 2017 |
| Listed on | Thu, Oct 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,21,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 81,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2916 Cr) |
| Fresh Issue (Ex Market Maker) | 14,40,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 14,40,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 35,50,000 shares |
| Share Holding Post Issue | 50,71,000 shares |
| BSE Script Code | 540727 |
| ISIN | INE973X01012 |
Poojawestern Metaliks IPO comprises a total issue size of 15,21,000 shares. The net offer to the public is 14,40,000 shares, after excluding 81,000 shares allotted on a firm basis. Of the Net offer 7,20,000 (50.00%) allocated to NII 7,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,20,000 | 50.00% | 47.34% |
| Retail Shares Offered | 7,20,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 81,000 | 5.33% | |
| Total Shares Offered | 15,21,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2016, Poojawestern Metaliks Ltd is engaged in manufacturing of Brass and Brass Equipments to cater to the international markets. Company's product range includes brass billets, ingots, brass bars, brass and chrome plumbing fittings, brass inserts and adapters for CPVC and PPR pipes etc are sold under the brand name of "P-". They are a well known brand in Arab and Gulf market for brass products.
They mainly export brass products to Arab and Gulf countries. They use brass scrap as raw material which is imported from United Kingdom, United States of America and Gulf Countries for conversion of scrap into finished goods.
| 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 | Working Capital Requirements | 5.00 |
| 2 | General Corporate Purpose | 0.08 |
The Poojawestern Metaliks IPO is subscribed [.] times on September 26, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] 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 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.32 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹53.40 |
| Low | ₹53.40 |
| High | ₹53.40 |
| Last Trade | ₹53.40 |
Lead Manager Reports
Poojawestern Metaliks IPO is a SME IPO of 15,21,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 22, 2017, and closes on Tue, Sep 26, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Poojawestern Metaliks IPO using UPI as a payment gateway. Zerodha customers can apply in Poojawestern Metaliks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Poojawestern Metaliks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Poojawestern Metaliks IPO opens on Fri, Sep 22, 2017 and closes on Tue, Sep 26, 2017.
Poojawestern Metaliks IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Poojawestern Metaliks 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 Poojawestern Metaliks IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Poojawestern Metaliks IPO allotment status.
The Poojawestern Metaliks IPO listing date is on Thu, Oct 5, 2017.
