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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 ₹75.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹5,440 (80 shares). 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 Date | November 18, 2010 to November 22, 2010 |
| Listing Date | December 6, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹68 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,00,584 shares (aggregating up to ₹48.75 Cr) |
| Fresh Issue | 61,00,584 shares (aggregating up to ₹45.75 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (aggregating up to ₹3.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,65,00,000 shares |
| Share Holding Post Issue | 2,26,00,000 shares |
RPP Infra IPO offers total 65,00,000 shares. Out of which 30,50,000 (46.92%) allocated to QIB, 9,15,000 (14.08%) allocated to NII, 21,35,000 (32.85%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 30,50,000 (46.92%) | NA |
| NII (HNI) Shares Offered | 9,15,000 (14.08%) | NA |
| Retail Shares Offered | 21,35,000 (32.85%) | 26,687 |
| Employee Shares Offered | 4,00,000 (6.15%) | NA |
| Total Shares Offered | 65,00,000 (100.00%) |
| 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 |
RPP Infra Projects IPO opens on November 18, 2010, and closes on November 22, 2010.
| IPO Open Date | Thu, Nov 18, 2010 |
| IPO Close Date | Mon, Nov 22, 2010 |
| Tentative Listing Date | Mon, Dec 6, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 22, 2010 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | ||
| Total Income | 14,688.67 | 10,122.54 | 7,213.59 | 4,467.18 | 4,155.76 | |
| Profit After Tax (PAT) | 826.36 | 412.22 | 205.43 | 186.22 | 169.30 | |
| KPI | Values |
|---|---|
| RoNW | 33.66% |
The Company RPP Infra IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 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 |
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.
| Listing Date | December 6, 2010 |
| BSE Script Code | 533284 |
| NSE Symbol | RPPINFRA |
| ISIN | INE324L01013 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | B |
RPP Infra Projects Ltd.
P and C Tower, 140,
Perundurai Main Road,
Erode 638 011, India
Erode, Tamil Nadu
Phone: +91 424 225 9022
Email: ipo@rppipl.com
Website: http://www.rppipl.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: rppipo@cameoindia.com
Website: https://ipo.cameoindia.com/
RPP Infra Projects IPO is a main-board IPO of 65,00,584 equity shares of the face value of ₹10 aggregating up to ₹48.75 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 80.
The IPO opens on November 18, 2010, and closes on November 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 November 18, 2010 and closes on November 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 Monday, December 6, 2010.
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