Bookbuilding FPO | ₹30 Cr | Listed at BSE | Thu, Jun 4, 2009 - Tue, Jun 9, 2009
Rishabhdev Technocable FPO is a book build issue of ₹29.70 crores. The issue is entirely a fresh issue of 0.90 crore shares of ₹29.70 crore.
Rishabhdev Technocable FPO bidding started from Jun 4, 2009 and ended on Jun 9, 2009. The shares got listed on BSE on Jun 29, 2009.
Rishabhdev Technocable FPO price band is set at ₹33 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹6,600 (200 shares) (based on upper price). The lot size investment for sNII is 31 lots (6,200 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (30,400 shares), amounting to ₹10,03,200.
IDBI Capital Markets Services Ltd. is the book running lead manager and Mondkar Computers Pvt.Ltd. is the registrar of the issue.
Refer to Rishabhdev Technocable FPO RHP for detailed Information.
FPO Open
Thu, Jun 4, 2009
FPO Close
Tue, Jun 9, 2009
Issue Price
₹33 per share
Market Cap (Pre-IPO)
₹48.47 Cr
| IPO Date | 4 to 9 Jun, 2009 |
| Listed on | Mon, Jun 29, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹29 to ₹33 |
| Issue Price | ₹33 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 90,00,768 shares (agg. up to ₹30 Cr) |
| Reserved for Private Promoter | 21,45,500 shares (agg. up to ₹7 Cr) |
| Fresh Issue | 68,55,268 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 68,55,268 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 56,89,100 shares |
| Share Holding Post Issue | 1,46,89,100 shares |
| BSE Script Code | 533083 |
| ISIN | INE685F01019 |
Rishabhdev Technocable FPO comprises a total issue size of 68,54,500 shares. The net offer to the public is 47,09,000 shares, after excluding 21,45,500 shares allotted on a firm basis. Of the Net offer 34,27,250 (50.00%) are allocated to QIB, 10,28,175 (15.00%) allocated to NII 23,99,075 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 34,27,250 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 10,28,175 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 23,99,075 | 35.00% | 35.00% | 11,995 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 21,45,500 | 31.30% | NA | |
| Total Shares Offered | 68,54,500 | 100.00% | 100.00% | |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,600 |
| Retail (Max) | 30 | 6,000 | ₹1,98,000 |
| S-HNI (Min) | 31 | 6,200 | ₹2,04,600 |
| S-HNI (Max) | 151 | 30,200 | ₹9,96,600 |
| B-HNI (Min) | 152 | 30,400 | ₹10,03,200 |
Incorporated in 1994, Rishabhdev Technocable Limited is in the business of cable manufacturing and trading. Company is BS EN ISO 9001:2000 certified by BSI, UK and also IS 694:1990, IS: 1554:1988 Part 1: 1988 by Bureau of Indian Standards.
Company have variety of cables in their product range like Industrial control cables, Hi- Tech- data cables, Process control instrument signal cables, Thermocouple extension and Compensating cables, Computer application, Hi- Bit rate networking cables, Digital data communication cables, Specialty cables and Customized cables. Company manufactures cables up to 1.1 KV for various applications covering various industries like Power and Electrical Distributions and Transmission, Steel and Metal, Cement, Mines and Minerals , Petrochemicals and fertilizers, Paper Mills and Fine chemicals, Hydrocarbon Process Industries, Software Technology IT Park and infrastructure.
Rishabhdev's clients are from diverse industries and include large corporates such as Tata Power Company Ltd., Kalpatru Power Transmission Ltd., Reliance Industries Ltd., Grasim Industries Ltd., Century Enka Ltd., National Thermal Power Corporation Ltd, Welspun Gujarat Stahl Rohren Ltd, Tata Steel Ltd., Siemens Ltd., Sanghi Industries Ltd., Adani Power Limited, Johnson Controls India Pvt. Ltd., Nova Petrochemicals Ltd., Bhabha Atomic Research Centre, Indian Navy and others.
| 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 | Expansion cum modernization of existing manufacturing facilities (Unit I) | 2.95 |
| 2 | Setting up of new manufacturing facilities (Unit II) for Control cables at Daman | 5.82 |
| 3 | Setting up of new manufacturing facilities (Unit III) for Power cables at Silvassa | 24.99 |
| 4 | Margin Money for Working Capital Requirements | 3.67 |
| KPI | |
|---|---|
| RoNW | 28.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 29.8% | 26.16% |
| Market Cap | ₹48.47 Cr. |
The Rishabhdev Technocable IPO is subscribed 7.76 times on June 9, 2009 5:30:00 PM (Day 4). The public issue subscribed 16.63 times in the retail category, 0.23 times in the QIB category, and 12.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.23 | 34,27,250 | |
| NII | 12.15 | 10,28,175 | |
| Retail | 16.63 | 23,99,075 | |
| Total | 7.76 | 68,54,500 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 3.06 |
| 2 | Advertising and marketing expenses | 0.19 |
| 3 | Printing and stationery | 0.25 |
| 4 | Others (Registrar’s fee, legal fee, listing fee, et | 0.57 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹42.00 |
| Low | ₹25.85 |
| High | ₹47.00 |
| Last Trade | ₹27.20 |
Lead Manager Reports
Rishabhdev Technocable FPO is a main-board FPO of 90,00,768 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 200.
The FPO opens on Thu, Jun 4, 2009, and closes on Tue, Jun 9, 2009.
Mondkar Computers Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Rishabhdev Technocable FPO using UPI as a payment gateway. Zerodha customers can apply in Rishabhdev Technocable FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rishabhdev Technocable FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rishabhdev Technocable FPO opens on Thu, Jun 4, 2009 and closes on Tue, Jun 9, 2009.
Rishabhdev Technocable FPO lot size is 200, and the minimum amount required for application is ₹6,600.
You can apply in Rishabhdev Technocable FPO 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 Rishabhdev Technocable FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rishabhdev Technocable FPO allotment status.
The Rishabhdev Technocable FPO listing date is on Mon, Jun 29, 2009.
