Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Redington IPO is a book build issue of ₹149.51 crores. The issue is entirely a fresh issue of 1.32 crore shares of ₹149.51 crore.
Redington IPO bidding started from Jan 22, 2007 and ended on Jan 25, 2007. The shares got listed on BSE, NSE on Feb 15, 2007.
Redington IPO price band is set at ₹113.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,700 (60 shares). The lot size investment for sNII is 30 lots (1,800 shares), amounting to ₹2,03,400, and for bNII, it is 148 lots (8,880 shares), amounting to ₹10,03,440.
Axis Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Redington IPO RHP for detailed Information.
| IPO Date | January 22, 2007 to January 25, 2007 |
| Listing Date | February 15, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹113 per share |
| Issue Price Final | ₹113 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,32,31,000 shares (aggregating up to ₹149.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,46,34,746 shares |
| Share Holding Post Issue | 7,78,65,746 shares |
Redington IPO offers total 1,32,31,000 shares. Out of which 79,38,600 (60.00%) allocated to QIB, 13,23,100 (10.00%) allocated to NII, 39,69,300 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 79,38,600 (60.00%) | NA |
| NII (HNI) Shares Offered | 13,23,100 (10.00%) | NA |
| Retail Shares Offered | 39,69,300 (30.00%) | 66,155 |
| Total Shares Offered | 1,32,31,000 (100.00%) |
Redington IPO opens on January 22, 2007, and closes on January 25, 2007.
| IPO Open Date | Mon, Jan 22, 2007 |
| IPO Close Date | Thu, Jan 25, 2007 |
| Tentative Listing Date | Thu, Feb 15, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 25, 2007 |
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 | ₹6,780 |
| Retail (Max) | 29 | 1,740 | ₹1,96,620 |
| S-HNI (Min) | 30 | 1,800 | ₹2,03,400 |
| S-HNI (Max) | 147 | 8,820 | ₹9,96,660 |
| B-HNI (Min) | 148 | 8,880 | ₹10,03,440 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Redington (India) Limited is one of the leading distributors of IT products and providers of logistics, supply chain management and other support services in India, Middle East and Africa. Apart from distribution they also provide support services for IT hardware and mobile phones.
Redington's international operation is principally concentrated in Middle East and Africa. They operate in Middle East and Africa through their subsidiary Redington Gulf FZE and its subsidiaries.
Redington another wholly owned subsidiary, RDPL caters to the Sri Lankan and Bangladesh market in addition to the zero duty business in India.
The Company Redington 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 | Establishment of ADCs in India | 51.22 |
| 2 | Establishment of SRCs in India | 5.90 |
| 3 | Investment in the wholly owned subsidiary, Cadensworth (India) Private Limited: (a) establishment of an SRC for LCD repairs | 3.06 |
| 4 | Investment in the wholly owned subsidiary, Cadensworth (India) Private Limited: (b) upgradation of capacities of existing SRCs for processors and motherboards | 1.61 |
| 5 | Investment in the wholly owned subsidiary, Cadensworth (India) Private Limited: (c) establishment of an SRC for networking products | 0.45 |
| 6 | Investment in the subsidiary, Redington Gulf FZE: (a) Establishment of an ADC in Dubai | 29.00 |
| 7 | Investment in the subsidiary, Redington Gulf FZE: (b) Installation of an ERP system for Redington Gulf | 13.50 |
| 8 | General corporate purposes, including meeting incremental working capital requirements for domestic and overseas operations | 34.25 |
| Listing Date | February 15, 2007 |
| BSE Script Code | 532805 |
| NSE Symbol | REDINGTON |
| ISIN | INE891D01026 |
| Final Issue Price | ₹113 per share |
| BSE Listing Group | B |
Redington (India) Ltd.
Redington (India) Limited,
SPL Guindy House, 95, Mount Road, Guindy,
Chennai 600 032, India.
Chennai, Tamil Nadu
Phone: +91 44 2235 3313
Email: investors@redington.co.in
Website: http://redingtonindia.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: redington@cameoindia.com
Website: https://ipo.cameoindia.com/
Redington IPO is a main-board IPO of 1,32,31,000 equity shares of the face value of ₹10 aggregating up to ₹149.51 Crores. The issue is priced at ₹113 per share. The minimum order quantity is 60.
The IPO opens on January 22, 2007, and closes on January 25, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Redington IPO using UPI as a payment gateway. Zerodha customers can apply in Redington IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Redington IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Redington IPO opens on January 22, 2007 and closes on January 25, 2007.
Redington IPO lot size is 60, and the minimum amount required for application is ₹6,780.
You can apply in Redington 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 Redington IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Redington IPO allotment status.
The Redington IPO listing date is on Thursday, February 15, 2007.
Useful Articles
RHP