Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹103.00 per share . The lot size for an application is 145. The minimum amount of investment required by an retail is ₹14,500 (145 shares). 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 Date | August 31, 2015 to September 2, 2015 |
| Listing Date | September 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹103 per share |
| Issue Price Final | ₹103 per share |
| Lot Size | 145 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,77,33,659 shares (aggregating up to ₹491.66 Cr) |
| Fresh Issue | 4,12,62,135 shares (aggregating up to ₹425.00 Cr) |
| Offer for Sale | 64,71,524 shares of ₹10 (aggregating up to ₹66.66 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 31,09,63,081 shares |
| Share Holding Post Issue | 35,22,25,216 shares |
Sadbhav Infra IPO offers total 4,77,33,659 shares. Out of which 3,39,79,857 (71.19%) allocated to QIB, 1,35,91,943 (28.47%) allocated to QIB, 67,95,971 (14.24%) allocated to NII, 45,30,647 (9.49%) allocated to RII and 2,03,87,914 (42.71%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,39,79,857 (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 (14.24%) | NA |
| Retail Shares Offered | 45,30,647 (9.49%) | 31,245 |
| Employee Shares Offered | 24,27,184 (5.08%) | NA |
| Total Shares Offered | 4,77,33,659 (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 |
Sadbhav Infrastructure IPO opens on August 31, 2015, and closes on September 2, 2015.
| IPO Open Date | Mon, Aug 31, 2015 |
| IPO Close Date | Wed, Sep 2, 2015 |
| Tentative Listing Date | Wed, Sep 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 2, 2015 |
Investors can bid for a minimum of 145 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 | 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 |
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.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 5,280.49 | 3,926.60 | 3,154.25 | 1,987.48 |
| Profit After Tax (PAT) | -3,015.61 | -1,559.37 | -456.66 | 97.99 |
The Company Sadbhav Infrastructure IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] <p>Well, the parent company SEL enjoys investors' fancy and that may lure investors to subscribe this IPO. But considering its negative P/E and RONW with longer gestation period for servicing of equity, this aggressively priced IPO may be given a miss. However, well informed and risk aver long term investors may consider moderate investment.</p> Read detail review...
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)
| Listing Date | September 16, 2015 |
| BSE Script Code | 539346 |
| NSE Symbol | SADBHIN |
| ISIN | INE764L01010 |
| Final Issue Price | ₹103 per share |
| BSE Listing Group | B |
Sadbhav Infrastructure Project Ltd.
Sadbhav House,
Opposite Law Garden Police Chowki,
Ellisbridge, Ahmedabad 380 006
Ahmedabad, Gujarat
Phone: +91 79 2646 3384
Email: investor@sadbhavinfra.co.in
Website: http://www.sadbhavinfra.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mumbai@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sadbhav Infrastructure IPO is a main-board IPO of 4,77,33,659 equity shares of the face value of ₹10 aggregating up to ₹491.66 Crores. The issue is priced at ₹103 per share. The minimum order quantity is 145.
The IPO opens on August 31, 2015, and closes on September 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 August 31, 2015 and closes on September 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 Wednesday, September 16, 2015.
Useful Articles
RHP