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South West Pinnacle Exploration IPO is a book build issue of ₹35.86 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹35.86 crore.
South West Pinnacle Exploration IPO bidding started from Feb 6, 2018 and ended on Feb 8, 2018. The allotment for South West Pinnacle Exploration IPO was finalized on Feb 14, 2018. The shares got listed on NSE SME on Feb 19, 2018.
South West Pinnacle Exploration IPO price band is set at ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
The issue includes a reservation of up to 80,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to South West Pinnacle Exploration IPO RHP for detailed Information.
| IPO Date | February 6, 2018 to February 8, 2018 |
| Listing Date | February 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹78 per share |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,96,800 shares (aggregating up to ₹35.86 Cr) |
| Reserved for Market Maker | 2,35,200 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.83 Cr) |
| Net Offered to Public | 43,61,600 shares (aggregating up to ₹34.02 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 93,54,400 shares |
| Share Holding Post Issue | 1,39,51,200 shares |
South West Pinnacle IPO offers total 45,96,800 shares. Out of which 21,39,200 (46.54%) allocated to QIB, 8,56,000 (18.62%) allocated to QIB, 6,43,200 (13.99%) allocated to NII, 14,99,200 (32.61%) allocated to RII and 12,83,200 (27.92%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,35,200 (5.12%) |
| QIB Shares Offered | 21,39,200 (46.54%) |
| − Anchor Investor Shares Offered | 12,83,200 (27.92%) |
| − QIB (Ex. Anchor) Shares Offered | 8,56,000 (18.62%) |
| NII (HNI) Shares Offered | 6,43,200 (13.99%) |
| Retail Shares Offered | 14,99,200 (32.61%) |
| Employee Shares Offered | 80,000 (1.74%) |
| Total Shares Offered | 45,96,800 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
South West Pinnacle Exploration IPO opens on February 6, 2018, and closes on February 8, 2018.
| IPO Open Date | Tue, Feb 6, 2018 |
| IPO Close Date | Thu, Feb 8, 2018 |
| Tentative Allotment | Wed, Feb 14, 2018 |
| Initiation of Refunds | Thu, Feb 15, 2018 |
| Credit of Shares to Demat | Fri, Feb 16, 2018 |
| Tentative Listing Date | Mon, Feb 19, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 8, 2018 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Incorporated in 2006, South West Pinnacle Exploration Limited is a Gurgaon, Haryana based company engaged in the business of providing drilling, exploration and allied services to coal, ferrous, non ferrous, atomic and base metal mining industries and water & unconventional energy industries. Company also provides consultancy for geological field services and allied services. Company has an in-house team of geoscientists for providing integrated exploration services including geophysical logging, surface geophysical & topographic surveys.
Company is also into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc.
Company has 37 operational rigs. Company drill upto a depth of 2500 meters and has completed more than 950,000 meters of drilling including 60 CBM exploratory and 166 CBM production wells for both Government and Private Sectors.
The Company South West Pinnacle Exploration IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/ Prepayment of certain Secured Borrowings availed by the company | 7.51 |
| 2 | Repayment/ Prepayment of certain Unsecured Borrowings availed by the company | 6.50 |
| 3 | Purchase of Machinery | 0.19 |
| 4 | Funding the working capital requirements of the Company | 14.25 |
| 5 | General Corporate Purposes | 4.73 |
[Dilip Davda] <p>Considering push for infra projects that will augur well for this company, investment may be considered for short to long term.</p> Read detail review...
| Listing Date | February 19, 2018 |
| BSE Script Code | |
| NSE Symbol | SOUTHWEST |
| ISIN | INE980Y01015 |
| Final Issue Price | ₹78 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹93.60 |
| Low | ₹75.50 |
| High | ₹93.60 |
| Last Trade | ₹88.30 |
South West Pinnacle Exploration Ltd.
Siddhartha House,
4th Floor, Plot No. 6,
Sector 44,
Gurgaon, Haryana, 122003
Phone: +91 124 4235400
Email: investors@southwestpinnacle.com
Website: http://www.southwestpinnacle.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: swpel.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
South West Pinnacle Exploration IPO is a SME IPO of 45,96,800 equity shares of the face value of ₹10 aggregating up to ₹35.86 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on February 6, 2018, and closes on February 8, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in South West Pinnacle Exploration IPO using UPI as a payment gateway. Zerodha customers can apply in South West Pinnacle Exploration IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in South West Pinnacle Exploration IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The South West Pinnacle Exploration IPO opens on February 6, 2018 and closes on February 8, 2018.
South West Pinnacle Exploration IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in South West Pinnacle Exploration 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 South West Pinnacle Exploration IPO will be done on Wednesday, February 14, 2018, and the allotted shares will be credited to your demat account by Friday, February 16, 2018. Check the South West Pinnacle Exploration IPO allotment status.
The South West Pinnacle Exploration IPO listing date is on Monday, February 19, 2018.
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