Bookbuilding IPO | ₹270 Cr | Listed at BSE, NSE | Wed, Mar 13, 2013 - Fri, Mar 15, 2013
Repco Home Finance IPO is a book build issue of ₹270.23 crores. The issue is entirely a fresh issue of 1.57 crore shares of ₹270.23 crore.
Repco Home Finance IPO bidding started from Mar 13, 2013 and ended on Mar 15, 2013. The shares got listed on BSE, NSE on Apr 1, 2013.
Repco Home Finance IPO price band is set at ₹172 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹12,900 (75 shares) (based on upper price). The lot size investment for sNII is 16 lots (1,200 shares), amounting to ₹2,06,400, and for bNII, it is 78 lots (5,850 shares), amounting to ₹10,06,200.
The issue includes a reservation of up to 1,80,000 shares for employees offered at a discount of ₹16.00 to the issue price.
Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Repco Home Finance IPO RHP for detailed Information.
IPO Open
Wed, Mar 13, 2013
IPO Close
Fri, Mar 15, 2013
Issue Price
₹172 per share
Market Cap (Pre-IPO)
₹1,069.17 Cr
| IPO Date | 13 to 15 Mar, 2013 |
| Listed on | Mon, Apr 1, 2013 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹172 |
| Issue Price | ₹172 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹16.00 |
| Total Issue Size | 1,57,20,262 shares (agg. up to ₹270 Cr) |
| Fresh Issue | 1,57,20,262 shares (agg. up to ₹270 Cr) |
| Share Holding Pre Issue | 4,64,40,785 shares |
| Share Holding Post Issue | 6,21,61,047 shares |
| BSE Script Code / NSE Symbol | 535322 / REPCOHOME |
| ISIN | INE612J01015 |
Repco Home Finance IPO comprises a total issue size of 1,57,20,262 shares. The net offer to the public is 1,55,40,262 shares, after excluding 1,80,000 shares under a preferential allotment. Of the Net offer 77,70,130 (50.00%) are allocated to QIB, 23,31,040 (15.00%) allocated to NII 54,39,092 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 77,70,130 | 50.00% | 49.43% | NA |
| − Anchor Investor Shares Offered | 23,31,039 | 14.83% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 54,39,091 | 34.60% | NA | |
| NII (HNI) Shares Offered | 23,31,040 | 15.00% | 14.83% | NA |
| Retail Shares Offered | 54,39,092 | 35.00% | 34.60% | 72,521 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,80,000 | 1.15% | NA | |
| Total Shares Offered | 1,57,20,262 | 100.00% | 100.00% | |
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹12,900 |
| Retail (Max) | 15 | 1,125 | ₹1,93,500 |
| S-HNI (Min) | 16 | 1,200 | ₹2,06,400 |
| S-HNI (Max) | 77 | 5,775 | ₹9,93,300 |
| B-HNI (Min) | 78 | 5,850 | ₹10,06,200 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2000, Repco Home Finance Ltd (RHFL) is mainly engaged in the business of housing finance. RHFL products include dream home loans, home makeover loans, mortgage loans, plot loans, commercial construction loans, NRI housing loans and loans for fifty-plus individuals.
RHFL is operating through 73 branches and 19 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Odisha, West Bengal, Gujarat and the
Union Territory of Puducherry. They are registered as a housing finance company with the NHB, the housing finance regulator of India. Company is headquartered in Chennai, Tamil Nadu and promoted by The Repatriates Co-operative Finance and Development Bank Limited ("Repco Bank Limited"), a Government of India owned enterprise, in April 2000.
They are in the business of financing:
1. The construction and/or purchase of residential and commercial properties including repairs and renovations ("Individual Home Loans"); and
2. Loans against properties ("Loans Against Property").
| 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 | To meet the future capital requirements | 259.24 |
| KPI | |
|---|---|
| RoNW | 22.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 50.02% | 37.37% |
| Market Cap | ₹1,069.17 Cr. |
The Repco Home Finance IPO is subscribed 1.65 times on March 15, 2013 5:00:00 PM (Day 3). The public issue subscribed 0.51 times in the retail category, 3.39 times in the QIB category, and 0.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.39 | 54,39,091 | |
| NII | 0.35 | 23,31,040 | |
| Retail | 0.51 | 54,39,092 | |
| Employee | 0.57 | 1,80,000 | |
| Total | 1.65 | 1,33,89,223 |
ICRA has assigned an IPO Grade 3 to Repco Home Finance Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Listing fees and other costs associated with listing including SEBI fees, processing fees of Stock Exchanges, bidding software expenses, depository charges etc. | 0.59 |
| 2 | Lead management, underwriting and selling commissions (including commission payable to SCSBs and Registered Brokers) | 4.32 |
| 3 | Processing fees to the SCSBs for processing ASBA Forms procured by the Syndicate or Registered Brokers and submitted to the SCSBs | 0.00 |
| 4 | Advertising and marketing expenses | 2.54 |
| 5 | Printing and stationery (including distribution) | 1.84 |
| 6 | Registrar’s fees | 0.06 |
| 7 | Fees paid to the IPO Grading Agency | 0.04 |
| 8 | Fees paid to Bankers to the Issue | |
| 9 | Other (audit fees, legal fees etc.) | 1.47 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹172.00 | ₹172.00 |
| Open | ₹165.00 | ₹159.95 |
| Low | ₹158.05 | ₹158.00 |
| High | ₹176.00 | ₹175.90 |
| Last Trade | ₹160.85 | ₹161.80 |
Lead Manager Reports
Repco Home Finance IPO is a main-board IPO of 1,57,20,262 equity shares of the face value of ₹10 aggregating up to ₹270 Crores. The issue is priced at ₹172 per share. The minimum order quantity is 75.
The IPO opens on Wed, Mar 13, 2013, and closes on Fri, Mar 15, 2013.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Repco Home Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Repco Home Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Repco Home Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Repco Home Finance IPO opens on Wed, Mar 13, 2013 and closes on Fri, Mar 15, 2013.
Repco Home Finance IPO lot size is 75, and the minimum amount required for application is ₹12,900.
You can apply in Repco Home Finance 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 Repco Home Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Repco Home Finance IPO allotment status.
The Repco Home Finance IPO listing date is on Mon, Apr 1, 2013.
