Bookbuilding IPO | ₹37 Cr | Listed at BSE, NSE | Thu, Jul 26, 2007 - Tue, Jul 31, 2007
SEL Manufacturing IPO is a book build issue of ₹37.25 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹37.25 crore.
SEL Manufacturing IPO bidding started from Jul 26, 2007 and ended on Jul 31, 2007. The shares got listed on BSE, NSE on Aug 21, 2007.
SEL Manufacturing IPO price band is set at ₹90 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹6,750 (75 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,250 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (11,175 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 2,06,920 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to SEL Manufacturing IPO RHP for detailed Information.
IPO Open
Thu, Jul 26, 2007
IPO Close
Tue, Jul 31, 2007
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹136.94 Cr
| IPO Date | 26 to 31 Jul, 2007 |
| Listed on | Tue, Aug 21, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 41,38,410 shares (agg. up to ₹37 Cr) |
| Fresh Issue | 41,38,410 shares (agg. up to ₹37 Cr) |
| Share Holding Pre Issue | 1,10,77,590 shares |
| Share Holding Post Issue | 1,52,16,000 shares |
| BSE Script Code / NSE Symbol | 532886 / SELMCL |
| ISIN | INE105I01012 |
SEL Manufacturing IPO comprises a total issue size of 41,38,410 shares. The net offer to the public is 39,31,490 shares, after excluding 2,06,920 shares under a preferential allotment. Of the Net offer 19,65,740 (50.00%) are allocated to QIB, 5,89,725 (15.00%) allocated to NII 13,76,025 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 19,65,740 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 5,89,725 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 13,76,025 | 35.00% | 33.25% | 18,347 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,06,920 | 5.00% | NA | |
| Total Shares Offered | 41,38,410 | 100.00% | 100.00% | |
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹6,750 |
| Retail (Max) | 29 | 2,175 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,250 | ₹2,02,500 |
| S-HNI (Max) | 148 | 11,100 | ₹9,99,000 |
| B-HNI (Min) | 149 | 11,175 | ₹10,05,750 |
| 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 |
SEL Manufacturing Company Limited (part of R. S. Saluja Group) is a Ludhiana based textile company involve in manufacturing and exporting cotton yarn, combed yarn, knitted fabrics and knitted garments. SEL's production facilities are located in Ludhiana in Punjab and Baddi in Himachal Pradesh.
SEL's products include T-shirts, Polo shirt, Sweat shirt, Boxer shorts, Girls top etc which they make in bulk quantities. SEL make 30-35 thousand garments daily. SEL's majority garments are exported to Russia and U.A.E.
For FY 2006, SEL's net revenues and PAT were Rs. 11,849.89 lacs and Rs. 1,488.87 lacs respectively as compared to net revenues and PAT, of Rs. 5,974.43 lacs and 3,14.51 lacs respectively for FY 2005. SEL's consolidated net revenues and PAT for FY 2006 were at Rs.14, 251.24 lacs and Rs.1, 361.70 lacs respectively.
| 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 | To part fund the expansion project; | 184.57 |
| 2 | To meet the working capital requirements. | 3.15 |
| KPI | |
|---|---|
| RoNW | 17.94% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.59% | 64.48% |
| Market Cap | ₹136.94 Cr. |
The SEL IPO is subscribed 3.62 times on July 31, 2007 5:00:00 PM (Day 4). The public issue subscribed 3.55 times in the retail category, 4.1 times in the QIB category, and 3.12 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 | Management fees, underwriting commission and brokerage | 1.10 |
| 2 | Marketing and advertisement expenses | 0.75 |
| 3 | Stationary, printing and registrar expenses | 0.75 |
| 4 | Legal fees, listing fees, SEBI filing fees book building charges, auditors fees | 0.35 |
| 5 | Miscellaneous | 0.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹87.90 | ₹95.00 |
| Low | ₹80.00 | ₹87.25 |
| High | ₹157.50 | ₹173.00 |
| Last Trade | ₹142.80 | ₹144.75 |
Lead Manager Reports
SEL Manufacturing IPO is a main-board IPO of 41,38,410 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 75.
The IPO opens on Thu, Jul 26, 2007, and closes on Tue, Jul 31, 2007.
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 SEL Manufacturing IPO using UPI as a payment gateway. Zerodha customers can apply in SEL Manufacturing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SEL Manufacturing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SEL Manufacturing IPO opens on Thu, Jul 26, 2007 and closes on Tue, Jul 31, 2007.
SEL Manufacturing IPO lot size is 75, and the minimum amount required for application is ₹6,750.
You can apply in SEL Manufacturing 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 SEL Manufacturing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SEL Manufacturing IPO allotment status.
The SEL Manufacturing IPO listing date is on Tue, Aug 21, 2007.
