Bookbuilding IPO | ₹492 Cr | Listed at BSE, NSE | Mon, Aug 31, 2015 - Wed, Sep 2, 2015
Sadbhav Infrastructure IPO is a book build issue of ₹491.66 crores. The issue is a combination of fresh issue of 4.13 crore shares aggregating to ₹425.00 crores and offer for sale of 0.65 crore shares aggregating to ₹66.66 crores.
Sadbhav Infrastructure IPO bidding started from Aug 31, 2015 and ended on Sep 2, 2015. The shares got listed on BSE, NSE on Sep 16, 2015.
Sadbhav Infrastructure IPO price band is set at ₹103 per share. The lot size for an application is 145. The minimum amount of investment required by an retail is ₹14,935 (145 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,030 shares), amounting to ₹2,09,090, and for bNII, it is 67 lots (9,715 shares), amounting to ₹10,00,645.
The issue includes a reservation of up to 24,27,184 shares for employees offered at a discount of ₹0.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sadbhav Infrastructure IPO RHP for detailed Information.
IPO Open
Mon, Aug 31, 2015
IPO Close
Wed, Sep 2, 2015
Issue Price
₹103 per share
Market Cap (Pre-IPO)
₹3,627.92 Cr
| IPO Date | 31 Aug to 2 Sep, 2015 |
| Listed on | Wed, Sep 16, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹103 |
| Issue Price | ₹103 per share |
| Lot Size | 145 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,77,33,659 shares (agg. up to ₹492 Cr) |
| Fresh Issue | 4,12,62,135 shares (agg. up to ₹425 Cr) |
| Offer for Sale | 64,71,524 shares of ₹10 (agg. up to ₹67 Cr) |
| Share Holding Pre Issue | 31,09,63,081 shares |
| Share Holding Post Issue | 35,22,25,216 shares |
| BSE Script Code / NSE Symbol | 539346 / SADBHIN |
| ISIN | INE764L01010 |
Sadbhav Infrastructure IPO comprises a total issue size of 4,77,33,659 shares. The net offer to the public is 4,53,06,475 shares, after excluding 24,27,184 shares under a preferential allotment. Of the Net offer 3,39,79,857 (75.00%) are allocated to QIB, 67,95,971 (15.00%) allocated to NII 45,30,647 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,39,79,857 | 75.00% | 71.19% | NA |
| − Anchor Investor Shares Offered | 2,03,87,914 | 42.71% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 1,35,91,943 | 28.47% | NA | |
| NII (HNI) Shares Offered | 67,95,971 | 15.00% | 14.24% | NA |
| Retail Shares Offered | 45,30,647 | 10.00% | 9.49% | 31,245 |
| Preferential Reservations | ||||
| Employee Shares Offered | 24,27,184 | 5.08% | NA | |
| Total Shares Offered | 4,77,33,659 | 100.00% | 100.00% | |
Investors can bid for a minimum of 145 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 145 | ₹14,935 |
| Retail (Max) | 13 | 1,885 | ₹1,94,155 |
| S-HNI (Min) | 14 | 2,030 | ₹2,09,090 |
| S-HNI (Max) | 66 | 9,570 | ₹9,85,710 |
| B-HNI (Min) | 67 | 9,715 | ₹10,00,645 |
| 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 2007, Sadbhav Infrastructure Project Limited is leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects.
Sadbhav Infra is involved in the development, operation and maintenance of national and state highways and roads in several states in India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana, Madhya Pradesh and Telangana and border check posts in the state of Maharashtra.
Company has ten BOT projects of which six road projects are fully operational, one is the partially operational border check posts and the remaining three projects are in various stages of development. Nine of the ten BOT projects are toll projects.
Sadbhav Infra generate revenues primarily from toll collection, service fee and annuity receipts.
| 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 | Repayment of rupee loan facility from ICICI Bank Limited | 264.84 |
| 2 | Part repayment of unsecured loans from SEL, the corporate Promoter | 0.85 |
| 3 | Equity investment and advancing of sub-ordinate debt to the subsidiary, SUTPL,for part financing of the SUTPL Project | 82.00 |
| 4 | General corporate purposes | 54.12 |
The Sadbhav Infra IPO is subscribed 2.24 times on September 2, 2015 9:30:00 PM (Day 3). The public issue subscribed 1.69 times in the retail category, 3.04 times in the QIB category, and 1.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.04 | 1,44,65,730 | |
| NII | 1.66 | 69,70,728 | |
| Retail | 1.69 | 46,47,152 | |
| Employee | 0.29 | 25,00,000 | |
| Total | 2.24 | 2,85,83,610 |
Public Issue of [.] Equity shares consisting of a fresh issue aggregating upto Rs 4250 million & an offer for sale of 6471524 equity shares (including Anchor Portion of 20,387,914 equity shares)
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 117.52 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Issue | |
| 3 | Brokerage and selling commission for Registered Brokers | |
| 4 | Registrar to the Issue | 1.50 |
| 5 | Other advisors to the Issue | 76.01 |
| 6 | Listing fees, SEBI filing fees, bookbuilding software fees | 27.63 |
| 7 | Printing and stationery | 15.00 |
| 8 | Advertising and marketing expenses | 39.00 |
| 9 | Miscellaneous | 1.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹103.00 | ₹103.00 |
| Open | ₹110.75 | ₹111.00 |
| Low | ₹106.00 | ₹106.00 |
| High | ₹112.25 | ₹112.45 |
| Last Trade | ₹106.15 | ₹106.20 |
Sadbhav Infrastructure IPO is a main-board IPO of 4,77,33,659 equity shares of the face value of ₹10 aggregating up to ₹492 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 145.
The IPO opens on Mon, Aug 31, 2015, and closes on Wed, Sep 2, 2015.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sadbhav Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in Sadbhav Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sadbhav Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sadbhav Infrastructure IPO opens on Mon, Aug 31, 2015 and closes on Wed, Sep 2, 2015.
Sadbhav Infrastructure IPO lot size is 145, and the minimum amount required for application is ₹14,935.
You can apply in Sadbhav Infrastructure 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 Sadbhav Infrastructure IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sadbhav Infrastructure IPO allotment status.
The Sadbhav Infrastructure IPO listing date is on Wed, Sep 16, 2015.
