Fixed Price IPO | ₹25 Cr | Listed at BSE | Mon, Jul 23, 2007 - Thu, Jul 26, 2007
Refex Refrigerants IPO is a fixed price issue of ₹24.70 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹24.70 crore.
Refex Refrigerants IPO bidding started from Jul 23, 2007 and ended on Jul 26, 2007. The shares got listed on BSE on Aug 20, 2007.
Refex Refrigerants IPO price is ₹65 per share.
Keynote Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Refex Refrigerants IPO RHP for detailed Information.
IPO Open
Mon, Jul 23, 2007
IPO Close
Thu, Jul 26, 2007
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹98.80 Cr
| IPO Date | 23 to 26 Jul, 2007 |
| Listed on | Mon, Aug 20, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 38,00,176 shares (agg. up to ₹25 Cr) |
| Fresh Issue | 38,00,176 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,14,00,000 shares |
| Share Holding Post Issue | 1,52,00,000 shares |
| BSE Script Code | 532884 REFEX |
| ISIN | INE056I01017 |
Refex Refrigerants IPO comprises a total issue size of 38,00,000 shares. Out of which, 3,80,000 (10.00%) are allocated to QIB, 17,10,000 (45.00%) allocated to NII 17,10,000 (45.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 3,80,000 | 10.00% |
| NII (HNI) Shares Offered | 17,10,000 | 45.00% |
| Retail Shares Offered | 17,10,000 | 45.00% |
| Total Shares Offered | 38,00,000 | 100.00% |
Incorporated in 2002, Refex Refrigerants Limited is an ISO 9001 Company engaged in the business of refilling non ozone depleting refrigerant gases popularly known as ‘HydrofluoroCarbons’ or ‘HFCs, which are used in Auto air conditioners, Room air conditioners, refrigerators and refrigerating equipments. Refex is a licensed refiller, authorised by the Department of Explosives (Government of India).
Presently Refex has an installed capacity of refilling 40 MT per month of refrigerant gases on single shift basis. Refex supplies its products to Original Equipment Manufacturers.
Refex has its processing and filling station at: 1/171, Old Mahabalipuram Road, Tiruporur-603110, Tamil Nadu. The existing factory has an installed capacity of 480 MT of Refrigerant gases per annum on single shift basis. The proposed expansion will increase the capacity to 3,000 MT per annum. Refexalso has a technical agreement with M/s Kaltech Engineering and Refrigerants Pte Ltd., Singapore (Kaltech).
| 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 | Part finance the Project of Expansion of the present installed capacity of cylinders 2909.00 from 480 MT per annum to 3,000 MT per annum | 29.09 |
| 2 | Meet the margin money requirement for working capital | 1.50 |
| 3 | Meet the issue expenses | 3.60 |
| 4 | Meet the expenses towards brand building | 1.96 |
| KPI | |
|---|---|
| RoNW | 30.4% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 86.72% | 65.04% |
| Market Cap | ₹98.80 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to intermediaries | 1.25 |
| 2 | Advertising and marketing expenses | 1.50 |
| 3 | Printing and Stationary & Distribution | 0.60 |
| 4 | Others | 0.25 |
| Total | 3.60 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹69.10 |
| Low | ₹61.05 |
| High | ₹73.80 |
| Last Trade | ₹62.00 |
Lead Manager Reports
Refex Refrigerants IPO is a main-board IPO of 38,00,176 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹65 per share. The minimum order quantity is .
The IPO opens on Mon, Jul 23, 2007, and closes on Thu, Jul 26, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Refex Refrigerants IPO using UPI as a payment gateway. Zerodha customers can apply in Refex Refrigerants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Refex Refrigerants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Refex Refrigerants IPO opens on Mon, Jul 23, 2007 and closes on Thu, Jul 26, 2007.
Refex Refrigerants IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Refex Refrigerants 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 Refex Refrigerants IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Refex Refrigerants IPO allotment status.
The Refex Refrigerants IPO listing date is on Mon, Aug 20, 2007.
