Bookbuilding FPO | ₹38 Cr | Listed at BSE | Mon, Dec 17, 2007 - Thu, Dec 20, 2007
Porwal Auto Components FPO is a book build issue of ₹37.50 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹37.50 crore.
Porwal Auto Components FPO bidding started from Dec 17, 2007 and ended on Dec 20, 2007. The shares got listed on BSE on Jan 14, 2008.
Porwal Auto Components FPO price band is set at ₹75 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,000 (80 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,720 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (13,360 shares), amounting to ₹10,02,000.
Keynote Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Porwal Auto Components FPO RHP for detailed Information.
FPO Open
Mon, Dec 17, 2007
FPO Close
Thu, Dec 20, 2007
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹113.25 Cr
| IPO Date | 17 to 20 Dec, 2007 |
| Listed on | Mon, Jan 14, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹68 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 50,00,000 shares (agg. up to ₹38 Cr) |
| Fresh Issue | 50,00,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,01,00,000 shares |
| Share Holding Post Issue | 1,51,00,000 shares |
| BSE Script Code | 532933 |
| ISIN | INE386I01018 |
Porwal Auto Components FPO comprises a total issue size of 50,00,000 shares. Out of which, 25,00,000 (50.00%) are allocated to QIB, 7,50,000 (15.00%) allocated to NII 17,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 25,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 7,50,000 | 15.00% | NA |
| Retail Shares Offered | 17,50,000 | 35.00% | 21,875 |
| Total Shares Offered | 50,00,000 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,000 |
| Retail (Max) | 33 | 2,640 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,720 | ₹2,04,000 |
| S-HNI (Max) | 166 | 13,280 | ₹9,96,000 |
| B-HNI (Min) | 167 | 13,360 | ₹10,02,000 |
Incorporated in 1992, Porwal Auto Components Limited manufactures and sells SG and CI castings for the automobile sector for Commercial Vehicles. The manufacturing plant of the company is situated at Pithampur 30 Kms. away from Indore.
Porwal Auto Components Limited manufacturers around 12 different categories of castings such as SG Iron & Grey Iron Hubs, Different carriers and cases, bracketory components, Transmission cases, T G cases, Housings & cover components, Brake Drums, Links components, Pulleys, Pump parts, Exhaust manifolds and Bends.
Porwal's client list includes companies like Eicher Motors Ltd, Man Force Trucks Pvt. Ltd, L & T Case Equipment Ltd, Force Motors Ltd, Eicher Tractors Ltd, Tata Autocomp Systems Ltd, Brakes India Ltd, Gajra Gears Ltd, Shakti Pumps India Ltd, Diesel Components Works.
| 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 | To augment the current ongoing expansion of its manufacturing capacity of the CI and SG castings from 6600 MT per annum to 27600 MT per annum | |
| 2 | Setting up of one Wind Mill, having Power generation capacity of 1.5 MW which would be used for captive consumption | |
| 3 | To meet working capital requirement | |
| 4 | To meet the Public Issue Expenses | |
| 5 | To list the equity shares at the Bombay Stock Exchange |
| KPI | |
|---|---|
| RoNW | 6.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 51.64% | 34.61% |
| Market Cap | ₹113.25 Cr. |
The Porwal Auto IPO is subscribed 1.03 times on December 20, 2007 5:00:00 PM (Day 4). The public issue subscribed 2.44 times in the retail category, 0.21 times in the QIB category, and 0.48 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 | Fees to intermediaries | |
| 2 | Advertising and marketing expenses | |
| 3 | Printing & Stationery, Distribution Expenses | |
| 4 | Other |
Note:
The Equity Shares offered through this public issue will be listed on Bombay Stock Exchange of India (BSE), Designated Stock Exchange and Over the Counter Exchange of India.
Investors are requested to note that that bids also can be registered through on-line facilities on National Stock Exchange of India Limited (NSE) along with that of BSE.
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹79.85 |
| Low | ₹76.00 |
| High | ₹120.00 |
| Last Trade | ₹79.65 |
Lead Manager Reports
Porwal Auto Components FPO is a main-board FPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 80.
The FPO opens on Mon, Dec 17, 2007, and closes on Thu, Dec 20, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Porwal Auto Components FPO using UPI as a payment gateway. Zerodha customers can apply in Porwal Auto Components FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Porwal Auto Components FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Porwal Auto Components FPO opens on Mon, Dec 17, 2007 and closes on Thu, Dec 20, 2007.
Porwal Auto Components FPO lot size is 80, and the minimum amount required for application is ₹6,000.
You can apply in Porwal Auto Components 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 Porwal Auto Components FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Porwal Auto Components FPO allotment status.
The Porwal Auto Components FPO listing date is on Mon, Jan 14, 2008.
