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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 ₹75.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹5,440 (80 shares). 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.
| IPO Date | December 17, 2007 to December 20, 2007 |
| Listing Date | January 14, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹68 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,00,000 shares (aggregating up to ₹37.50 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Share Holding Pre Issue | 1,01,00,000 shares |
| Share Holding Post Issue | 1,51,00,000 shares |
Porwal Auto IPO offers total 50,00,000 shares. Out of which 25,00,000 (50.00%) allocated to QIB, 7,50,000 (15.00%) allocated to NII, 17,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Porwal Auto Components FPO opens on December 17, 2007, and closes on December 20, 2007.
| IPO Open Date | Mon, Dec 17, 2007 |
| IPO Close Date | Thu, Dec 20, 2007 |
| Tentative Listing Date | Mon, Jan 14, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 20, 2007 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
The Company Porwal Auto IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 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 |
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.
| Listing Date | January 14, 2008 |
| BSE Script Code | 532933 |
| NSE Symbol | |
| ISIN | INE386I01018 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | B1 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹79.85 |
| Low | ₹76.00 |
| High | ₹120.00 |
| Last Trade | ₹79.65 |
Porwal Auto Components Ltd.
Kanti Mansion,
6-Murai Mohalla,
Indore 452001 Madhya Pradesh, India
Indore, Madhya Pradesh
Phone: +91-0731-4051704
Email: admin@porwalauto.com
Website: http://www.porwalauto.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pacl-fpo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Porwal Auto Components FPO is a main-board FPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹37.50 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 80.
The FPO opens on December 17, 2007, and closes on December 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 December 17, 2007 and closes on December 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 Monday, January 14, 2008.
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