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Sejal Architectural Glass IPO is a book build issue of ₹105.73 crores. The issue is entirely a fresh issue of 0.92 crore shares of ₹105.73 crore.
Sejal Architectural Glass IPO bidding started from Jun 9, 2008 and ended on Jun 12, 2008. The shares got listed on BSE, NSE on Jul 1, 2008.
Sejal Architectural Glass IPO price band is set at ₹115.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,300 (60 shares). The lot size investment for sNII is 29 lots (1,740 shares), amounting to ₹2,00,100, and for bNII, it is 145 lots (8,700 shares), amounting to ₹10,00,500.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sejal Architectural Glass IPO RHP for detailed Information.
| IPO Date | June 9, 2008 to June 12, 2008 |
| Listing Date | July 1, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹105 to ₹115 per share |
| Issue Price Final | ₹115 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 91,94,155 shares (aggregating up to ₹105.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,88,05,845 shares |
| Share Holding Post Issue | 2,80,00,000 shares |
Sejal IPO offers total 91,94,155 shares. Out of which 45,97,078 (50.00%) allocated to QIB, 13,79,123 (15.00%) allocated to NII, 32,17,954 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 45,97,078 (50.00%) | NA |
| NII (HNI) Shares Offered | 13,79,123 (15.00%) | NA |
| Retail Shares Offered | 32,17,954 (35.00%) | 53,632 |
| Total Shares Offered | 91,94,155 (100.00%) |
Sejal Architectural Glass IPO opens on June 9, 2008, and closes on June 12, 2008.
| IPO Open Date | Mon, Jun 9, 2008 |
| IPO Close Date | Thu, Jun 12, 2008 |
| Tentative Listing Date | Tue, Jul 1, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 12, 2008 |
Investors can bid for a minimum of 60 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 | 60 | ₹6,900 |
| Retail (Max) | 28 | 1,680 | ₹1,93,200 |
| S-HNI (Min) | 29 | 1,740 | ₹2,00,100 |
| S-HNI (Max) | 144 | 8,640 | ₹9,93,600 |
| B-HNI (Min) | 145 | 8,700 | ₹10,00,500 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Sejal Architectural Glass Limited engaged in the business of processing glass. They have processing facilities for Insulating, Toughened, Laminated glasses and for Decorative Glass as well.
Sejal Architectural have propose to set up a new manufacturing facility for float glass with a capacity of 2,00,750 MT per annum at Jhagadia, Dist. Bharuch, Gujarat. They have already acquired 6,08,540 sq. mts of land for this backward integration project and L&T has been awarded as the contractor for executing the construction and civil works.
The turnover of company in the year 2000-01 was Rs. 408.25 Lacs with the PAT of Rs. 48.24 Lacs. During the year 2006-2007 their turnover has increased to Rs. 3824.04 Lacs and PAT has increased to Rs.277.46 Lacs. Sejal's key clients consists of Reliance, K. Raheja, SP Fabricators, L&T, etc. Company's glass has been used in structures such as Inorbit Mall, Sun Pharma, K. Raheja IT Park in Hyderabad, Bangalore International Airport, Mumbai Airport & Domestic terminal. Company also operates its trading division from its premises named ‘Sejal Encasa’, which is located at Kandivali, Mumbai. This division trades in various in-house brands as well as other manufacturers products. The products traded include tiles, sanitaryware, mirrors, glass, etc. for home and commercial interiors.
The 3 SBUs of Sejal Architectural Glass Limited are:
1. Architectural Glass Solutions
2. Float Glass
3. Sejal Encasa
| Particulars | For the year/period ended (Rs. in lacs) | |||||
| 30-Sep-07 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | 31-Mar-03 | |
| Total Income | 2911.53 | 3935.68 | 3072.16 | 2448.38 | 2001.69 | 1717.07 |
| Profit After Tax (PAT) | 248.43 | 278.22 | 222.87 | 262.46 | 169.04 | 20.10 |
The Company Sejal IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up of new manufacturing facility for the production of float glass-Acquisition of Land | 119.58 |
| 2 | Land Development, Construction of Buildings and Other Civil Works | 837.50 |
| 3 | Plant & Machinery | 3,097.78 |
| 4 | Miscellaneous Fixed Assets | 40.00 |
| 5 | Preliminary and pre- operative Expenses | 150.00 |
| 6 | Margin Money for Working Capital Requirements | 103.75 |
| 7 | General Corporate Purpose | |
| 8 | Public Issue Expenses |
| Listing Date | July 1, 2008 |
| BSE Script Code | 532993 |
| NSE Symbol | SEZAL |
| ISIN | INE955I01036 |
| Final Issue Price | ₹115 per share |
| BSE Listing Group | B |
Sejal Architectural Glass Ltd.
201/202, 2nd floor, Abhilasha,
S.V. Road,
Kandivali (W),
Mumbai, Maharashtra, 400067
Phone: + 91-22-28633384
Email: ipo@sejalglass.co.in
Website: http://www.sejalglass.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sagl.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sejal Architectural Glass IPO is a main-board IPO of 91,94,155 equity shares of the face value of ₹10 aggregating up to ₹105.73 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 60.
The IPO opens on June 9, 2008, and closes on June 12, 2008.
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 Sejal Architectural Glass IPO using UPI as a payment gateway. Zerodha customers can apply in Sejal Architectural Glass IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sejal Architectural Glass IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sejal Architectural Glass IPO opens on June 9, 2008 and closes on June 12, 2008.
Sejal Architectural Glass IPO lot size is 60, and the minimum amount required for application is ₹6,900.
You can apply in Sejal Architectural Glass 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 Sejal Architectural Glass IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sejal Architectural Glass IPO allotment status.
The Sejal Architectural Glass IPO listing date is on Tuesday, July 1, 2008.
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