Bookbuilding IPO | ₹106 Cr | Listed at BSE, NSE | Mon, Jun 9, 2008 - Thu, Jun 12, 2008
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 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,900 (60 shares) (based on upper price). 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 Open
Mon, Jun 9, 2008
IPO Close
Thu, Jun 12, 2008
Issue Price
₹115 per share
Market Cap (Pre-IPO)
₹322.00 Cr
| IPO Date | 9 to 12 Jun, 2008 |
| Listed on | Tue, Jul 1, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹115 |
| Issue Price | ₹115 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 91,94,155 shares (agg. up to ₹106 Cr) |
| Fresh Issue | 91,94,155 shares (agg. up to ₹106 Cr) |
| Share Holding Pre Issue | 1,88,05,845 shares |
| Share Holding Post Issue | 2,80,00,000 shares |
| BSE Script Code / NSE Symbol | 532993 / SEZAL |
| ISIN | INE955I01036 |
Sejal Architectural Glass IPO comprises a total issue size of 91,94,155 shares. Out of which, 45,97,078 (50.00%) are allocated to QIB, 13,79,123 (15.00%) allocated to NII 32,17,954 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| 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 |
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
| 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 | Setting up of new manufacturing facility for the production of float glass-Acquisition of Land | 11.96 |
| 2 | Land Development, Construction of Buildings and Other Civil Works | 83.75 |
| 3 | Plant & Machinery | 309.78 |
| 4 | Miscellaneous Fixed Assets | 4.00 |
| 5 | Preliminary and pre- operative Expenses | 15.00 |
| 6 | Margin Money for Working Capital Requirements | 10.38 |
| 7 | General Corporate Purpose | 35.67 |
| 8 | Public Issue Expenses | 8.03 |
| Total | 478.56 |
| KPI | |
|---|---|
| RoNW | 20.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 54.88% | 36.85% |
| Market Cap | ₹322.00 Cr. |
The Sejal IPO is subscribed 9.9 times on June 12, 2008 5:00:00 PM (Day 4). The public issue subscribed 7.98 times in the retail category, 4.26 times in the QIB category, and 33.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 4.89 |
| 2 | Advertisement and marketing expenses | 1.60 |
| 3 | Printing and stationery (including expenses on transportation of the material) | 0.84 |
| 4 | Others (Registrar’s fees, legal fees, listing fees, etc.) | 0.63 |
| 5 | IPO grading expenses | 0.07 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹115.00 | ₹115.00 |
| Open | ₹110.00 | ₹130.00 |
| Low | ₹77.55 | ₹77.10 |
| High | ₹139.80 | ₹134.00 |
| Last Trade | ₹81.50 | ₹78.25 |
Lead Manager Reports
Sejal Architectural Glass IPO is a main-board IPO of 91,94,155 equity shares of the face value of ₹10 aggregating up to ₹106 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 60.
The IPO opens on Mon, Jun 9, 2008, and closes on Thu, Jun 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 Mon, Jun 9, 2008 and closes on Thu, Jun 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 Tue, Jul 1, 2008.
