Fixed Price IPO | ₹22 Cr | Listed at BSE | Tue, Jun 24, 2008 - Fri, Jun 27, 2008
Somi Conveyor Beltings IPO is a fixed price issue of ₹21.80 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹21.80 crore.
Somi Conveyor Beltings IPO bidding started from Jun 24, 2008 and ended on Jun 27, 2008. The shares got listed on BSE on Jul 24, 2008.
Somi Conveyor Beltings IPO price is ₹35 per share.
Ashika Capital Ltd. is the book running lead manager and Mondkar Computers Pvt.Ltd. is the registrar of the issue.
Refer to Somi Conveyor Beltings IPO RHP for detailed Information.
IPO Open
Tue, Jun 24, 2008
IPO Close
Fri, Jun 27, 2008
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹41.23 Cr
| IPO Date | 24 to 27 Jun, 2008 |
| Listed on | Thu, Jul 24, 2008 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 62,27,952 shares (agg. up to ₹22 Cr) |
| Reserved for Private Promoter | 14,99,286 shares (agg. up to ₹5 Cr) |
| Fresh Issue | 47,28,666 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 47,28,666 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 55 shares |
| Share Holding Post Issue | 1,17,79,564 shares |
| BSE Script Code | 533001 SOMICONVEY |
| ISIN | INE323J01019 |
Somi Conveyor Beltings IPO comprises a total issue size of 47,28,574 shares. The net offer to the public is 32,29,288 shares, after excluding 14,99,286 shares allotted on a firm basis. Of the Net offer 4,72,860 (10.00%) are allocated to QIB, 18,91,427 (40.00%) allocated to NII 23,64,287 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,72,860 | 10.00% | 10.00% |
| NII (HNI) Shares Offered | 18,91,427 | 40.00% | 40.00% |
| Retail Shares Offered | 23,64,287 | 50.00% | 50.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 14,99,286 | 31.71% | |
| Total Shares Offered | 47,28,574 | 100.00% | 100.00% |
Incorporated in 2000, Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries.
The main user industries for Rubber Conveyor Belts are cement, steel, power, fertilizer, coal mines, mineral mines, chemicals and recently, food grade belts have been introduced, which are being used by tea gardens and salt manufacturers. These belts are also used for material handling of finished goods in packaging lines.
The Company’s unit is located at RIICO, Sangaria Industrial Area, District Jodhpur, Rajasthan. The Company commenced its commercial production in February 2002 with an initial capacity of 36,000 running meters of conveyor belts per annum, which was gradually increased to 72,000 meters per annum. Over the years, the capacity of the unit has increased to 1,67,660 meters.
Somi Conveyor Beltings Ltd's sister concerns are:
1. Earth Mover Enterprises
2. Oliver Micon Inc.
| 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 unit | |
| 2 | Purchase of Land and Building from the promoter (s) of the company for office purpose | |
| 3 | Meeting margin money required for the enhanced working capital. | |
| 4 | Meeting the interest cost during the construction period. | |
| 5 | Meeting the Expenses of the Issue. |
| KPI | |
|---|---|
| RoNW | 14.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.2% | 52.88% |
| Market Cap | ₹41.23 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Manager | |
| 2 | Fees Payable to Registrar | |
| 3 | Fees payable to Legal Advisor | |
| 4 | Fees paid to Appraising Entity | |
| 5 | IPO Grading Fees | |
| 6 | Advertising and marketing expenses | |
| 7 | Printing and Stationary & Distribution | |
| 8 | Brokerage | |
| 9 | Others |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹37.65 |
| Low | ₹24.70 |
| High | ₹37.65 |
| Last Trade | ₹25.90 |
Lead Manager Reports
Somi Conveyor Beltings IPO is a main-board IPO of 62,27,952 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .
The IPO opens on Tue, Jun 24, 2008, and closes on Fri, Jun 27, 2008.
Mondkar Computers Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Somi Conveyor Beltings IPO using UPI as a payment gateway. Zerodha customers can apply in Somi Conveyor Beltings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Somi Conveyor Beltings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Somi Conveyor Beltings IPO opens on Tue, Jun 24, 2008 and closes on Fri, Jun 27, 2008.
Somi Conveyor Beltings IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Somi Conveyor Beltings 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 Somi Conveyor Beltings IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Somi Conveyor Beltings IPO allotment status.
The Somi Conveyor Beltings IPO listing date is on Thu, Jul 24, 2008.
