Bookbuilding IPO | ₹51 Cr | Listed at BSE, NSE | Tue, Mar 7, 2006 - Sat, Mar 11, 2006
Rohit Ferro-Tech IPO is a book build issue of ₹50.84 crores. The issue is entirely a fresh issue of 1.69 crore shares of ₹50.84 crore.
Rohit Ferro-Tech IPO bidding started from Mar 7, 2006 and ended on Mar 11, 2006. The shares got listed on the NSE and the BSE on Apr 13, 2006.
Rohit Ferro-Tech IPO is set final issue price at ₹30 per share.
Microsec Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Rohit Ferro-Tech IPO DRHP for detailed Information.
IPO Open
Tue, Mar 7, 2006
IPO Close
Sat, Mar 11, 2006
Issue Price
₹30 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 7 to 11 Mar, 2006 |
| Listed on | Thu, Apr 13, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹25 to ₹30 |
| Issue Price | ₹30 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,69,47,667 shares (agg. up to ₹51 Cr) |
| Reserved for Private Promoter | 66,08,807 shares (agg. up to ₹20 Cr) |
| Fresh Issue | 1,03,38,860 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 1,03,38,860 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 1,75,15,200 shares |
| Share Holding Post Issue | 3,44,62,867 shares |
| BSE Script Code / NSE Symbol | 532731 / ROHITFERRO |
| ISIN | INE248H01012 |
Rohit Ferro-Tech IPO comprises a total issue size of 1,03,38,860 shares. The net offer to the public is 37,30,053 shares, after excluding 66,08,807 shares allotted on a firm basis. Of the Net offer 10,33,886 are allocated to QIB, 41,35,544 (40.00%) allocated to NII 51,69,430 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,33,886 | ||
| − QIB (Ex. Anchor) Shares Offered | 10,33,886 | ||
| NII (HNI) Shares Offered | 41,35,544 | 40.00% | 40.00% |
| Retail Shares Offered | 51,69,430 | 50.00% | 50.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 66,08,807 | 63.92% | |
| Total Shares Offered | 1,03,38,860 | 100.00% | 100.00% |
Founded in 2000, Rohit Ferro-Tech Ltd. operates a Ferro Alloy Plant comprising 3 Nos. Submerged Arc Furnaces of 9 MVA capacity each to produce 40,000 TPA of High Carbon Ferro Chrome at Bishnupur, West Bengal.
The company's production facilities are located in Bishnupur (West Bengal), Haldia (West Bengal), and Kalinganagar Industrial Complex (Odisha).
The company produce chromium-based alloys (high-carbon ferrochrome) and manganese-based alloys (silico manganese and ferromanganese) for steelmaking.
The company has a high installed capacity, previously noted to be over 400,000 mtpa across its various operations, including stainless steel production.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | 142.87 | 72.01 | 63.74 |
| Profit After Tax | 4.57 | 2.42 | 1.77 |
| NET Worth | 36.84 | 24.33 | 19.11 |
| 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 Part-finance the installation of four Submerged Arc Furnace of 16.5 MVA each along with other allied facilities like raw material handling system, Briquetting plant, substation for receiving power, pollution control equipments and facilities for Research and Development etc for manufacturing High Carbon Ferro Chrome, Silico Manganese and Ferro Manganese. | 1,003.40 |
| 2 | To meet additional Capital Expenditure. | 140.21 |
| 3 | To meet the Public Issue related expenses and list the shares on BSE and NSE. | 25.00 |
| Total | 1,168.61 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| Debt/Equity | 0.59 | 0.74 |
| RoNW | 30.81% | 46.68% |
| Price to Book Value | 1.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.94% | 60.61% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of Lead Managers, Registrar, Legal Advisor, Auditors, Tax Auditors, etc. | 0.63 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.60 |
| 3 | Brokerage & Selling Commission | 0.47 |
| 4 | Advertisement & Marketing Expenses | 0.50 |
| 5 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.20 |
| 6 | Contingencies | 0.10 |
| Total | 2.50 |
| Price Details |
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| Final Issue Price |
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Lead Manager Reports
Rohit Ferro-Tech IPO is a main-board IPO of 1,69,47,667 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹30 per share. The minimum order quantity is .
The IPO opens on Tue, Mar 7, 2006, and closes on Sat, Mar 11, 2006.
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 Rohit Ferro-Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Rohit Ferro-Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rohit Ferro-Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rohit Ferro-Tech IPO opens on Tue, Mar 7, 2006 and closes on Sat, Mar 11, 2006.
Rohit Ferro-Tech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rohit Ferro-Tech 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 Rohit Ferro-Tech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rohit Ferro-Tech IPO allotment status.
The Rohit Ferro-Tech IPO listing date is on Thu, Apr 13, 2006.
