Bookbuilding IPO | ₹150 Cr | Listed at BSE, NSE | Mon, Jan 22, 2007 - Thu, Jan 25, 2007
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 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,780 (60 shares) (based on upper price). 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 Open
Mon, Jan 22, 2007
IPO Close
Thu, Jan 25, 2007
Issue Price
₹113 per share
Market Cap (Pre-IPO)
₹879.88 Cr
| IPO Date | 22 to 25 Jan, 2007 |
| Listed on | Thu, Feb 15, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹113 |
| Issue Price | ₹113 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,32,31,000 shares (agg. up to ₹150 Cr) |
| Fresh Issue | 1,32,31,000 shares (agg. up to ₹150 Cr) |
| Share Holding Pre Issue | 6,46,34,746 shares |
| Share Holding Post Issue | 7,78,65,746 shares |
| BSE Script Code / NSE Symbol | 532805 / REDINGTON |
| ISIN | INE891D01026 |
Redington IPO comprises a total issue size of 1,32,31,000 shares. Out of which, 79,38,600 (60.00%) are allocated to QIB, 13,23,100 (10.00%) allocated to NII 39,69,300 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
The Redington IPO is subscribed 43.27 times on January 25, 2007 5:00:00 PM (Day 4). The public issue subscribed 12.16 times in the retail category, 59.06 times in the QIB category, and 41.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 7.15 |
| 2 | Advertising and marketing expenses | 1.03 |
| 3 | Printing and stationery | 1.40 |
| 4 | Others (Registrar’s fee, legal fee, listing fee, etc.) | 0.93 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹113.00 | ₹113.00 |
| Open | ₹140.00 | ₹130.00 |
| Low | ₹125.00 | ₹113.00 |
| High | ₹174.45 | ₹174.40 |
| Last Trade | ₹163.25 | ₹163.70 |
Lead Manager Reports
Redington IPO is a main-board IPO of 1,32,31,000 equity shares of the face value of ₹10 aggregating up to ₹150 Crores. The issue is priced at ₹113 per share. The minimum order quantity is 60.
The IPO opens on Mon, Jan 22, 2007, and closes on Thu, Jan 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 Mon, Jan 22, 2007 and closes on Thu, Jan 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 Thu, Feb 15, 2007.
