Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Tue, Feb 6, 2018 - Thu, Feb 8, 2018
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 6, 2018
IPO Close
Thu, Feb 8, 2018
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹108.82 Cr
| IPO Date | 6 to 8 Feb, 2018 |
| Listed on | Mon, Feb 19, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹78 |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,96,800 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,35,200 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 43,61,600 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 43,61,600 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 93,54,400 shares |
| Share Holding Post Issue | 1,39,51,200 shares |
| NSE Symbol | SOUTHWEST |
| ISIN | INE980Y01015 |
South West Pinnacle Exploration IPO comprises a total issue size of 45,96,800 shares. The net offer to the public is 42,81,600 shares, after excluding 2,35,200 shares allotted on a firm basis and 80,000 shares under a preferential allotment. Of the Net offer 21,39,200 (49.96%) are allocated to QIB, 6,43,200 (15.02%) allocated to NII 14,99,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,39,200 | 49.96% | 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 | 15.02% | 13.99% |
| Retail Shares Offered | 14,99,200 | 35.01% | 32.61% |
| Preferential Reservations | |||
| Employee Shares Offered | 80,000 | 1.74% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,35,200 | 5.12% | |
| Total Shares Offered | 45,96,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
South West Pinnacle Exploration IPO raises ₹10.01 crore from anchor investors. South West Pinnacle Exploration IPO Anchor bid date is February 5, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 5, 2018 |
| Shares Offered | 12,83,200 |
| Anchor Portion (₹ Cr.) | 10.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 16, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, May 15, 2018 |
| 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 |
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.
| 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 | 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 |
The South West Pinnacle IPO is subscribed 29.42 times on February 8, 2018 5:00:00 PM (Day 3). The public issue subscribed 11.7 times in the retail category, 18.04 times in the QIB category, and 144.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 18.04 | 8,57,989 | 1,54,76,800 |
| NII* | 144.16 | 6,43,096 | 9,27,08,800 |
| Retail | 11.7 | 14,98,988 | 1,75,44,000 |
| Employee | 2.82 | 80,000 | 2,25,600 |
| Total | 29.42 | 42,81,600 | 12,59,55,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 2.85 |
| 2 | Regulatory fees | 0.10 |
| 3 | Marketing and Other Expenses | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹93.60 |
| Low | ₹75.50 |
| High | ₹93.60 |
| Last Trade | ₹88.30 |
Lead Manager Reports
South West Pinnacle Exploration IPO is a SME IPO of 45,96,800 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Feb 6, 2018, and closes on Thu, Feb 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 Tue, Feb 6, 2018 and closes on Thu, Feb 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 Fri, Feb 16, 2018. Check the South West Pinnacle Exploration IPO allotment status.
The South West Pinnacle Exploration IPO listing date is on Mon, Feb 19, 2018.
