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Pradip Overseas IPO is a book build issue of ₹116.60 crores. The issue is entirely a fresh issue of 1.06 crore shares of ₹116.60 crore.
Pradip Overseas IPO bidding started from Mar 11, 2010 and ended on Mar 15, 2010. The shares got listed on BSE, NSE on Apr 5, 2010.
Pradip Overseas IPO price band is set at ₹110.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,000 (60 shares). The lot size investment for sNII is 31 lots (1,860 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (9,120 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Pradip Overseas IPO RHP for detailed Information.
| IPO Date | March 11, 2010 to March 15, 2010 |
| Listing Date | April 5, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹110 per share |
| Issue Price Final | ₹110 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,06,00,049 shares (aggregating up to ₹116.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,97,66,770 shares |
| Share Holding Post Issue | 4,03,66,770 shares |
Pradip Overseas IPO offers total 1,06,00,000 shares. Out of which 50,50,000 (47.64%) allocated to QIB, 15,15,000 (14.29%) allocated to NII, 35,35,000 (33.35%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 50,50,000 (47.64%) | NA |
| NII (HNI) Shares Offered | 15,15,000 (14.29%) | NA |
| Retail Shares Offered | 35,35,000 (33.35%) | 58,916 |
| Employee Shares Offered | 5,00,000 (4.72%) | NA |
| Total Shares Offered | 1,06,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Pradip Overseas IPO opens on March 11, 2010, and closes on March 15, 2010.
| IPO Open Date | Thu, Mar 11, 2010 |
| IPO Close Date | Mon, Mar 15, 2010 |
| Tentative Listing Date | Mon, Apr 5, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 15, 2010 |
Investors can bid for a minimum of 60 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 | 60 | ₹6,600 |
| Retail (Max) | 30 | 1,800 | ₹1,98,000 |
| S-HNI (Min) | 31 | 1,860 | ₹2,04,600 |
| S-HNI (Max) | 151 | 9,060 | ₹9,96,600 |
| B-HNI (Min) | 152 | 9,120 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1980, Pradip Overseas Limited is the textile manufacturer with niche focus on Home Linen Products. Company sale its products in domestic market as well as more than twenty countries around the world.
Company manufacturer and export home textile, home decor and home furnishings. Company's home furnishing range includes table linen, bed spreads, quilts, cushion covers and curtains.
Pradip Overseas is an ISO 9001:2000 certified company. Its existing facility is located at Changodar near Ahmedabad in Gujarat.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Dec-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 126,984.45 | 121,009.64 | 69,312.97 | 41,421.45 | 223.45 |
| Profit After Tax (PAT) | 5,109.56 | 4,146.05 | 3,824.89 | 2,175.09 | 41.47 |
The Company Pradip Overseas 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 part finance the setting up the Proposed Manufacturing Facility within the Proposed Textile SEZ | 999.50 |
| 2 | To part finance the incremental margin money requirement for working capital | 999.50 |
| 3 | To meet Issue expenses | 62.23 |
ICRA Limited assigned IPO Grade 2 (indicating below average fundamentals) to Pradip Overseas Limited.
ICRA assigns IPO gradings on a scale of IPO Grade 5 through to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals.
| Listing Date | April 5, 2010 |
| BSE Script Code | 533178 |
| NSE Symbol | PRADIP |
| ISIN | INE495J01015 |
| Final Issue Price | ₹110 per share |
| BSE Listing Group | B |
Pradip Overseas Ltd.
A/601, Narnarayan Complex,
Near Swastik Cross Roads,
Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91-79-2643 1594
Email: investor@pradipoverseas.com
Website: http://www.pradipoverseas.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pradip.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Pradip Overseas IPO is a main-board IPO of 1,06,00,049 equity shares of the face value of ₹10 aggregating up to ₹116.60 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 60.
The IPO opens on March 11, 2010, and closes on March 15, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Pradip Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Pradip Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pradip Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pradip Overseas IPO opens on March 11, 2010 and closes on March 15, 2010.
Pradip Overseas IPO lot size is 60, and the minimum amount required for application is ₹6,600.
You can apply in Pradip Overseas 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 Pradip Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pradip Overseas IPO allotment status.
The Pradip Overseas IPO listing date is on Monday, April 5, 2010.
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