Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Fri, Jul 22, 2016 - Tue, Jul 26, 2016
Prabhat Telecoms IPO is a fixed price issue of ₹11.22 crores. The issue is entirely an offer for sale of 0.22 crore shares of ₹11.22 crore.
Prabhat Telecoms IPO bidding started from Jul 22, 2016 and ended on Jul 26, 2016. The shares got listed on BSE SME on Aug 3, 2016.
Prabhat Telecoms IPO price is ₹51 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Prabhat Telecoms IPO RHP for detailed Information.
IPO Open
Fri, Jul 22, 2016
IPO Close
Tue, Jul 26, 2016
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹42.41 Cr
| IPO Date | 22 to 26 Jul, 2016 |
| Listed on | Wed, Aug 3, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,20,000 shares Alacrity Securities Ltd. (agg. up to ₹0.6120 Cr) |
| Offer for Sale | 20,80,000 shares of ₹10 (agg. up to ₹11 Cr) |
| Net Offered to Public | 20,80,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 83,14,800 shares |
| Share Holding Post Issue | 83,14,800 shares |
| BSE Script Code | 540027 |
| ISIN | INE171P01019 |
Prabhat Telecoms IPO comprises a total issue size of 22,00,000 shares. The net offer to the public is 20,80,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 10,40,000 (50.00%) allocated to NII 10,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,40,000 | 50.00% | 47.27% |
| Retail Shares Offered | 10,40,000 | 50.00% | 47.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.45% | |
| Total Shares Offered | 22,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Incorporated in 2007, Prabhat Telecoms (India) Ltd is a part of Prabhat group of companies engaged in design, assemble, and customize import and distribution of mobile handsets, wireless dongles/data-cards, data products and mobile/telecom accessories. Information in this paragraph is copied from chittorgarh.com.
Company sell their mobile handsets under the brand name 'V3' Mobiles and internet data cards & smart phones/tablets, fixed wireless terminal and high end telecom devices under brand name 'Xccess'. They also sell accessories like screen guard, Memory card etc under the brand name 'Platinum'. Prabhat is a distributor of CDMA handsets for TTML for Mumbai Circle. Content in this paragraph is copied from chittorgarh.com.They sell their CDMA product to chain of distributors PAN India through TTML/TTSL corporate tie-ups. They also sell their product through organised retail chain like The Mobile Store, Mobile plus etc and also through 15 online portals.
Prabhat Telecoms major customers includes Tata Teleservices Ltd, Tata Teleservices (Maharashtra) Ltd, Drive India Enterprise solutions Ltd, The Mobile Store Ltd, TVC sky shop Ltd, Shyam Sistema Ltd (MTS), Ominitech Info solution Ltd, Apex corporate services, Armaani Enterprises andNouveau Multimedia Ltd.
| Period Ended |
|---|
| Amount in ₹ Crore |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.20 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.05 |
| 3 | Advertisement & Marketing Expenses | 0.05 |
| 4 | Regulatory & other expenses | 0.03 |
| 5 | Miscellaneous Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹61.20 |
| Low | ₹61.20 |
| High | ₹61.20 |
| Last Trade | ₹61.20 |
Lead Manager Reports
Prabhat Telecoms IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Jul 22, 2016, and closes on Tue, Jul 26, 2016.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Prabhat Telecoms IPO using UPI as a payment gateway. Zerodha customers can apply in Prabhat Telecoms IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prabhat Telecoms IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prabhat Telecoms IPO opens on Fri, Jul 22, 2016 and closes on Tue, Jul 26, 2016.
Prabhat Telecoms IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Prabhat Telecoms 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 Prabhat Telecoms IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Prabhat Telecoms IPO allotment status.
The Prabhat Telecoms IPO listing date is on Wed, Aug 3, 2016.
