Bookbuilding IPO | ₹70 Cr | Listed at BSE, NSE | Tue, Aug 25, 2015 - Thu, Aug 27, 2015
Shree Pushkar Chemicals IPO is a book build issue of ₹70.00 crores. The issue is a combination of fresh issue of 0.87 crore shares aggregating to ₹56.83 crores and offer for sale of 0.20 crore shares aggregating to ₹13.17 crores.
Shree Pushkar Chemicals IPO bidding started from Aug 25, 2015 and ended on Aug 27, 2015. The shares got listed on BSE, NSE on Sep 10, 2015.
Shree Pushkar Chemicals IPO price band is set at ₹65 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹13,000 (200 shares) (based on upper price). The lot size investment for sNII is 16 lots (3,200 shares), amounting to ₹2,08,000, and for bNII, it is 77 lots (15,400 shares), amounting to ₹10,01,000.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Shree Pushkar Chemicals IPO RHP for detailed Information.
IPO Open
Tue, Aug 25, 2015
IPO Close
Thu, Aug 27, 2015
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹196.43 Cr
| IPO Date | 25 to 27 Aug, 2015 |
| Listed on | Thu, Sep 10, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,07,69,200 shares (agg. up to ₹70 Cr) |
| Fresh Issue | 87,42,611 shares (agg. up to ₹57 Cr) |
| Offer for Sale | 20,26,589 shares of ₹10 (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 2,14,76,824 shares |
| Share Holding Post Issue | 3,02,19,435 shares |
| BSE Script Code / NSE Symbol | 539334 / SHREEPUSHK |
| ISIN | INE712K01011 |
Shree Pushkar Chemicals IPO comprises a total issue size of 1,07,69,200 shares. Out of which, 53,84,600 (50.00%) are allocated to QIB, 16,15,380 (15.00%) allocated to NII 37,69,220 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 53,84,600 | 50.00% | NA |
| NII (HNI) Shares Offered | 16,15,380 | 15.00% | NA |
| Retail Shares Offered | 37,69,220 | 35.00% | 18,846 |
| Total Shares Offered | 1,07,69,200 | 100.00% |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹13,000 |
| Retail (Max) | 15 | 3,000 | ₹1,95,000 |
| S-HNI (Min) | 16 | 3,200 | ₹2,08,000 |
| S-HNI (Max) | 76 | 15,200 | ₹9,88,000 |
| B-HNI (Min) | 77 | 15,400 | ₹10,01,000 |
Incorporated in 1993, Shree Pushkar Chemicals & Fertilisers Limited is Mumbai India based manufacturer of widest range of dye intermediates in India with zero waste. Company has a manufacturing facilities located at Lote Parshuram, Maharashtra.
Company is also amongst India's large manufacturers of K-Acid, a dye intermediate used to manufacture Reactive Dyes for dying of textiles, with an installed capacity of 960 MTPA as on March 31, 2015.
Company manufacture products in 4 major verticals:
1. Dye Intermediates,
2. Acid Complex (comprising sulphuric and its derivative acids),
3. Cattle Feed Supplement and
4. Fertilizers (Single Super Phosphate & Soil Conditioner).
As on Aug 10th 2015, company's Promoter and Promoter Group hold 87.96% while the balance 11.72% is held by IFCI Venture Capital Fund (IEDF). Company have a total workforce of 529 including 10 senior executives, 26 managerial and supervisory staff, 66 office staff, 125 skilled and unskilled workers, 54 contract labourers and 248 casual labourers.
| 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 | Acquisition of an existing factory within MIDC Industrial Area Lote-Parshuram bearing no. B-97 | 2.29 |
| 2 | Setting up of facilities at B-97 for manufacture of : i. Reactive Dyes with a capacity of 3000 TPA ii. H-Acid with a capacity of 750 TPA iii. Vinyl Sulphone (VS) Ester with a capacity of 1,000 TPA | 41.59 |
| 3 | Setting up of additional effluent treatment plant at the existing facility (Unit I) to make the unit a “Zero Discharge” unit | 4.88 |
| 4 | Construction of additional Godown(s) at our existing facility (Unit II) for meeting the additional storage requirements for finished goods. | 2.38 |
| 5 | General Corporate Purposes | 4.00 |
| 6 | Preliminary & Pre-operative and Issue expenses | 7.00 |
| Total | 62.14 |
The Shree Pushkar Chemicals IPO is subscribed 1.34 times on August 27, 2015 7:00:00 PM (Day 3). The public issue subscribed 1.54 times in the retail category, 0.97 times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.97 | 57,37,705 | |
| NII | 2.09 | 17,21,311 | |
| Retail | 1.54 | 40,16,394 | |
| Total | 1.34 | 1,14,75,410 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to intermediaries (BRLM, Registrar, Advisors, Bankers to the Issue, Underwriting commission, brokerage and selling commission) | 3.81 |
| 2 | Advertising, travelling and marketing expenses | 0.80 |
| 3 | Printing and distribution expenses | 0.69 |
| 4 | Statutory, Preliminary, Pre-operative and other miscellaneous expenses | 1.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹65.00 | ₹65.00 |
| Open | ₹60.00 | ₹60.05 |
| Low | ₹60.00 | ₹60.05 |
| High | ₹63.00 | ₹63.05 |
| Last Trade | ₹63.00 | ₹63.05 |
Lead Manager Reports
Shree Pushkar Chemicals IPO is a main-board IPO of 1,07,69,200 equity shares of the face value of ₹10 aggregating up to ₹70 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 200.
The IPO opens on Tue, Aug 25, 2015, and closes on Thu, Aug 27, 2015.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shree Pushkar Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Pushkar Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Pushkar Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Pushkar Chemicals IPO opens on Tue, Aug 25, 2015 and closes on Thu, Aug 27, 2015.
Shree Pushkar Chemicals IPO lot size is 200, and the minimum amount required for application is ₹13,000.
You can apply in Shree Pushkar Chemicals 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 Shree Pushkar Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shree Pushkar Chemicals IPO allotment status.
The Shree Pushkar Chemicals IPO listing date is on Thu, Sep 10, 2015.
