Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Prakash Constrowell IPO is a book build issue of ₹60.00 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹60.00 crore.
Prakash Constrowell IPO bidding started from Sep 19, 2011 and ended on Sep 21, 2011. The shares got listed on BSE, NSE on Oct 4, 2011.
Prakash Constrowell IPO price band is set at ₹138.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,500 (50 shares). The lot size investment for sNII is 29 lots (1,450 shares), amounting to ₹2,00,100, and for bNII, it is 145 lots (7,250 shares), amounting to ₹10,00,500.
Intensive Fiscal Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Prakash Constrowell IPO RHP for detailed Information.
| IPO Date | September 19, 2011 to September 21, 2011 |
| Listing Date | October 4, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹130 to ₹138 per share |
| Issue Price Final | ₹138 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,47,826 shares (aggregating up to ₹60.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 82,20,000 shares |
| Share Holding Post Issue | 1,25,67,826 shares |
Prakash Constrowell IPO offers total 43,47,826 shares. Out of which 21,73,913 (50.00%) allocated to QIB, 6,52,174 (15.00%) allocated to NII, 15,21,739 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 21,73,913 (50.00%) | NA |
| NII (HNI) Shares Offered | 6,52,174 (15.00%) | NA |
| Retail Shares Offered | 15,21,739 (35.00%) | 30,434 |
| Total Shares Offered | 43,47,826 (100.00%) |
Prakash Constrowell IPO opens on September 19, 2011, and closes on September 21, 2011.
| IPO Open Date | Mon, Sep 19, 2011 |
| IPO Close Date | Wed, Sep 21, 2011 |
| Tentative Listing Date | Tue, Oct 4, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 21, 2011 |
Investors can bid for a minimum of 50 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 | 50 | ₹6,900 |
| Retail (Max) | 28 | 1,400 | ₹1,93,200 |
| S-HNI (Min) | 29 | 1,450 | ₹2,00,100 |
| S-HNI (Max) | 144 | 7,200 | ₹9,93,600 |
| B-HNI (Min) | 145 | 7,250 | ₹10,00,500 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Prakash Constrowell Ltd is a construction company engaged in the business of infrastructure development and civil construction.
Company mainly operates in the three segments of construction:
1. Infrastructure development includes construction and maintenance of roads / highways, bridges, including projects on public private partnership (PPP) model, industrial parks, workshops, hospitals, educational institutions;
2. Civil construction includes Government staff quarters, hostel buildings and auditoriums;
3. Residential and commercial real estate construction.
Prakash Constrowell is headquartered at Nasik, Maharashtra and has operations across the state of Maharashtra. Comapny has successfully executed a range of construction projects in the state of Maharashtra. Client list includes Public Works Department, Maharashtra State, National Building Construction Corporation (NBCC), Maharashtra State Police Housing & Welfare Corporation (MSPHWC), Maharashtra State Road Transport Corporation (MSRTC), Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), Maharashtra State Power Generation Company Ltd, (MSPGCL), Indian Oil Corporation (IOC) etc
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 12,812.91 | 11,498.07 | 6,359.65 | 2,784.03 | 3,672.55 |
| Profit After Tax (PAT) | 968.68 | 748.70 | 293.98 | 311.33 | 288.89 |
| KPI | Values |
|---|---|
| RoNW | 33.09% |
The Company Prakash Constrowell IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 35.00 |
| 2 | Investment in Construction Equipments | 9.30 |
| 3 | Investment in Subsidiaries | 2.35 |
| 4 | General Corporate Purposes | 7.44 |
[Dilip Davda] <p> </p> <p style="TEXT-ALIGN: justify"><strong><span style="FONT-WEIGHT: normal">The Company's income from operations on a consolidated basis as per the restated financials has grown from<span style="mso-spacerun: yes"> </span>Rs 26.40 crore in the year 2007-08 to Rs 126.91 crore in the year 2010-11 exhibiting a compounded annual growth rate of 68.77 % over the period of past four financial years. Its profit after tax on a consolidated basis as per the restated financials has grown from Rs 3.06 crore in the year 2007-08 to Rs 10.65 crore in the year 2010-11 exhibiting a compounded annual growth rate of 51.47 % over the period of past four financial years. However, if this earnings translated on the basis of enhanced equity post this issue, than the EPS for 2010-11 stands at Rs. 10 and the book value of Rs. 39 as on 31.3.2011 makes this offer at and around 13 P/E and 3.3 P/BV on the lower price band. Thus it looks aggressively priced and hence </span></strong><strong><span style="mso-bidi-font-weight: normal">worth giving it a MISS</span></strong><strong></strong></p> Read detail review...
CARE has assigned an IPO Grade 2 to Prakash Constrowell IPO. This means as per CARE, company has ' Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Prakash Constrowell IPO Report
| Listing Date | October 4, 2011 |
| BSE Script Code | 533605 |
| NSE Symbol | SETUINFRA |
| ISIN | INE023M01027 |
| Final Issue Price | ₹138 per share |
| BSE Listing Group | B |
Prakash Constrowell Ltd.
6/7 Falcon Plaza,
National Urdu High School Road,
Near Sarda Circle,
Nashik, Maharashtra, 422001
Phone: +91 253 2590725
Email: info@pclnsk.com
Website: http://www.pclnsk.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Prakash Constrowell IPO is a main-board IPO of 43,47,826 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 50.
The IPO opens on September 19, 2011, and closes on September 21, 2011.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Prakash Constrowell IPO using UPI as a payment gateway. Zerodha customers can apply in Prakash Constrowell IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prakash Constrowell IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prakash Constrowell IPO opens on September 19, 2011 and closes on September 21, 2011.
Prakash Constrowell IPO lot size is 50, and the minimum amount required for application is ₹6,900.
You can apply in Prakash Constrowell 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 Prakash Constrowell IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prakash Constrowell IPO allotment status.
The Prakash Constrowell IPO listing date is on Tuesday, October 4, 2011.
Useful Articles
RHP