Bookbuilding IPO | ₹60 Cr | Listed at BSE, NSE | Mon, Sep 19, 2011 - Wed, Sep 21, 2011
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 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,900 (50 shares) (based on upper price). 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 Open
Mon, Sep 19, 2011
IPO Close
Wed, Sep 21, 2011
Issue Price
₹138 per share
Market Cap (Pre-IPO)
₹173.44 Cr
| IPO Date | 19 to 21 Sep, 2011 |
| Listed on | Tue, Oct 4, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹138 |
| Issue Price | ₹138 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 43,47,826 shares (agg. up to ₹60 Cr) |
| Fresh Issue | 43,47,826 shares (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 82,20,000 shares |
| Share Holding Post Issue | 1,25,67,826 shares |
| BSE Script Code / NSE Symbol | 533605 / SETUINFRA |
| ISIN | INE023M01027 |
Prakash Constrowell IPO comprises a total issue size of 43,47,826 shares. Out of which, 21,73,913 (50.00%) are allocated to QIB, 6,52,174 (15.00%) allocated to NII 15,21,739 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
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
| 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 | Working Capital Requirement | 35.00 |
| 2 | Investment in Construction Equipments | 9.30 |
| 3 | Investment in Subsidiaries | 2.35 |
| 4 | General Corporate Purposes | 7.44 |
| KPI | |
|---|---|
| RoNW | 33.09% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.05% | 64.13% |
| Market Cap | ₹173.44 Cr. |
The Prakash Constrowell IPO is subscribed 2.21 times on September 21, 2011 5:00:00 PM (Day 3). The public issue subscribed 4.68 times in the retail category, 0.31 times in the QIB category, and 2.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.31 | 23,07,692 | |
| NII | 2.76 | 6,92,308 | |
| Retail | 4.68 | 16,15,385 | |
| Total | 2.21 | 46,15,385 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management | 1.50 |
| 2 | Syndicate fees, Underwriting and Selling commission, SCSB Commission | 1.50 |
| 3 | Printing and Stationery expenses | 0.28 |
| 4 | Others (IPO grading, registrar's fees, legal fee, listing fees, etc.) | 0.47 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹138.00 | ₹138.00 |
| Open | ₹145.00 | ₹147.20 |
| Low | ₹112.50 | ₹112.25 |
| High | ₹245.00 | ₹245.00 |
| Last Trade | ₹229.50 | ₹230.00 |
Lead Manager Reports
Prakash Constrowell IPO is a main-board IPO of 43,47,826 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 50.
The IPO opens on Mon, Sep 19, 2011, and closes on Wed, Sep 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 Mon, Sep 19, 2011 and closes on Wed, Sep 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 Tue, Oct 4, 2011.
