Bookbuilding IPO | ₹49 Cr | Listed at BSE, NSE | Thu, Nov 18, 2010 - Mon, Nov 22, 2010
RPP Infra Projects IPO is a book build issue of ₹48.75 crores. The issue is a combination of fresh issue of 0.61 crore shares aggregating to ₹45.75 crores and offer for sale of 0.04 crore shares aggregating to ₹3.00 crores.
RPP Infra Projects IPO bidding started from Nov 18, 2010 and ended on Nov 22, 2010. The shares got listed on BSE, NSE on Dec 6, 2010.
RPP Infra Projects IPO price band is set at ₹75 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,000 (80 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,720 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (13,360 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 4,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
VC Corporate Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to RPP Infra Projects IPO RHP for detailed Information.
IPO Open
Thu, Nov 18, 2010
IPO Close
Mon, Nov 22, 2010
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹169.50 Cr
| IPO Date | 18 to 22 Nov, 2010 |
| Listed on | Mon, Dec 6, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹68 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 65,00,584 shares (agg. up to ₹49 Cr) |
| Fresh Issue | 61,00,584 shares (agg. up to ₹46 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 1,65,00,000 shares |
| Share Holding Post Issue | 2,26,00,000 shares |
| BSE Script Code / NSE Symbol | 533284 / RPPINFRA |
| ISIN | INE324L01013 |
RPP Infra Projects IPO comprises a total issue size of 65,00,000 shares. The net offer to the public is 61,00,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 30,50,000 (50.00%) are allocated to QIB, 9,15,000 (15.00%) allocated to NII 21,35,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 30,50,000 | 50.00% | 46.92% | NA |
| NII (HNI) Shares Offered | 9,15,000 | 15.00% | 14.08% | NA |
| Retail Shares Offered | 21,35,000 | 35.00% | 32.85% | 26,687 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,00,000 | 6.15% | NA | |
| Total Shares Offered | 65,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,000 |
| Retail (Max) | 33 | 2,640 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,720 | ₹2,04,000 |
| S-HNI (Max) | 166 | 13,280 | ₹9,96,000 |
| B-HNI (Min) | 167 | 13,360 | ₹10,02,000 |
| 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 1995, RPP Infra Projects Ltd is in the business of infrastructure development such as Highways, Roads and Bridges. Company is also involve in civil work like SEZ Development, Water Management projects, Irrigation and Power Projects.
RPP Infra's mainly focused in South India region including Karnataka, Andhra Pradesh, Tamil Nadu, and Andaman Nicobar. RPP Infra is also executing a Railway project in Srilanka.
Company has successfully executed over 200 civil construction projects so far across various segments. In last 15 years company has developed capabilities to execute large infrastructure projects.
RPP Provides integrated engineering, procurement and construction services for:
1. Infrastructure Projects
2. Civil Construction Services
3. Transportation Engineering and Irrigation & Water Supply Projects
4. Power Plant Projects
| 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 | Funding margin requirement for working capital | 17.00 |
| 2 | Investment in Capital Equipment | 11.00 |
| 3 | Investments in SPVs for BOT projects | 10.00 |
| 4 | General Corporate Purposes | 4.53 |
| KPI | |
|---|---|
| RoNW | 33.66% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 71.23% |
| Market Cap | ₹169.50 Cr. |
The RPP Infra IPO is subscribed 2.97 times on November 22, 2010 10:00:00 PM (Day 3). The public issue subscribed 5.6 times in the retail category, 0.16 times in the QIB category, and 7.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.16 | 30,50,000 | |
| NII | 7.27 | 9,15,000 | |
| Retail | 5.6 | 21,35,000 | |
| Employee | 0.43 | 4,00,000 | |
| Total | 2.97 | 65,00,000 |
Maximum Subscription Amount for Retail Investor: Rs. 200000
Fitch has assigned an IPO Grade 2 to RPP Infra Projects Ltd IPO. This means as per Fitch company has 'Below Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Fitch IPO Grading Document for RPP Infra Projects Ltd.
RPP Infra IPO, R.P.P infra IPO, RPP IPO Bidding, RPP Infra IPO Allotment Status, RPP IPO drhp and RPP RPP Infra Projects Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Manager and Syndicate Member | 1.34 |
| 2 | Underwriting and selling commission (including commission to SCSBs for ASBA Applications) | 0.49 |
| 3 | Fees to Registrar to the issue | 0.07 |
| 4 | Fees to the Legal Advisors | 0.06 |
| 5 | Advertising and Marketing expenses | 0.68 |
| 6 | Other Expenses (Filing and listing fees, printing and stationery, distribution and postage) | 0.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹75.00 | ₹75.00 |
| Low | ₹67.35 | ₹67.20 |
| High | ₹80.40 | ₹80.50 |
| Last Trade | ₹68.95 | ₹68.90 |
Lead Manager Reports
RPP Infra Projects IPO is a main-board IPO of 65,00,584 equity shares of the face value of ₹10 aggregating up to ₹49 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 80.
The IPO opens on Thu, Nov 18, 2010, and closes on Mon, Nov 22, 2010.
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 RPP Infra Projects IPO using UPI as a payment gateway. Zerodha customers can apply in RPP Infra Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RPP Infra Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RPP Infra Projects IPO opens on Thu, Nov 18, 2010 and closes on Mon, Nov 22, 2010.
RPP Infra Projects IPO lot size is 80, and the minimum amount required for application is ₹6,000.
You can apply in RPP Infra Projects 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 RPP Infra Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the RPP Infra Projects IPO allotment status.
The RPP Infra Projects IPO listing date is on Mon, Dec 6, 2010.
