Fixed Price FPO | ₹14 Cr | Listed at BSE | Wed, Sep 14, 2005 - Sat, Sep 24, 2005
Southern Online Bio Technologies FPO is a fixed issue price of ₹13.85 crores. The issue is entirely a fresh issue of 1.39 crore shares of ₹13.85 crore.
Southern Online Bio Technologies FPO bidding started from Sep 14, 2005 and ended on Sep 24, 2005. The shares got listed on the BSE on Oct 31, 2005.
Southern Online Bio Technologies FPO is set final issue price at ₹10 per share.
Standard Chartered Securities (India) Ltd. is the book running lead manager and Aarthi Consultants Pvt.Ltd. is the registrar of the issue.
Refer to Southern Online Bio Technologies FPO DRHP for detailed Information.
FPO Open
Wed, Sep 14, 2005
FPO Close
Sat, Sep 24, 2005
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹19.56 Cr
| IPO Date | 14 to 24 Sep, 2005 |
| Listed on | Mon, Oct 31, 2005 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 1,38,54,834 shares (agg. up to ₹14 Cr) |
| Reserved for Private Promoter | 27,68,184 shares (agg. up to ₹3 Cr) |
| Fresh Issue | 1,10,86,650 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 1,10,86,650 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 57,03,397 shares |
| Share Holding Post Issue | 1,95,58,231 shares |
| BSE Script Code | 532669 |
| ISIN | INE371B01015 |
Southern Online Bio Technologies FPO comprises a total issue size of 1,10,72,732 shares. The net offer to the public is 43,04,548 shares, after excluding 27,68,184 shares allotted on a firm basis and 40,00,000 shares under a preferential allotment. Of the Net offer 35,36,366 (50.00%) allocated to NII 35,36,366 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 35,36,366 | 50.00% | 31.94% |
| Retail Shares Offered | 35,36,366 | 50.00% | 31.94% |
| Preferential Reservations | |||
| Other Shares Offered | 40,00,000 | 36.12% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 27,68,184 | 25.00% | |
| Total Shares Offered | 1,10,72,732 | 100.00% | 100.00% |
Southern Online Bio Technologies Ltd. (now known as Solana Biofuels Limited) is an India-based company, established in 1998, that operates in two main sectors: biodiesel manufacturing and internet service provision (ISP). It pioneered the production of eco-friendly biodiesel from non-edible oils and provides high-speed, leased-line, and broadband services to customers
The company produces alternative fuel from non-edible vegetable oils, aiming to reduce carbon emissions and pollution, and produces byproducts such as glycerine.
The company is headquartered in Hyderabad, and it has historically provided services across Andhra Pradesh and Telangana.
The company focuses on green energy through biodiesel production to serve the automotive, marine, and railway sectors.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 9.56 | 7.68 | 7.49 |
| Total Income | 4.00 | 3.10 | 3.07 |
| Profit After Tax | 0.41 | -0.57 | 0.04 |
| NET Worth | 7.96 | 5.66 | 6.13 |
| Reserves and Surplus | 0.99 | 0.59 | 1.15 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land & Site Development | 0.34 |
| 2 | Plant & Machinery - turnkey | 1.95 |
| 3 | Building and civil works | 0.07 |
| 4 | Preliminary, Pre Operative and Issue Expenses | 0.59 |
| Total | 2.94 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 5.39% |
| Price to Book Value | 0.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.71 | 0.21 |
| P/E (x) | 14 | 48.01 |
| Promoter Holding | 31.95% | 24.7% |
| Market Cap | ₹19.56 Cr. |
The Southern Online Bio Technologies FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 38.13 | 1,10,72,732 | 42,21,54,290 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Managers & Registrars fees, Audit Fees & consultancy | 0.56 |
| 2 | Printing & Stationery / Dispatch | 0.30 |
| 3 | Brokerage & Underwriting Commission | 0.39 |
| 4 | Advertisement & Marketing Expenses | 0.23 |
| 5 | Other Expenses (Listing Fees, Depository Charges etc.) | 0.09 |
| 6 | Production Trial Expenses | 0.16 |
| 7 | Other expenses | 0.62 |
| Total | 2.35 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹17.00 |
| Low | ₹13.05 |
| High | ₹17.00 |
| Last Trade | ₹13.05 |
Lead Manager Reports
Southern Online Bio Technologies FPO is a main-board FPO of 1,38,54,834 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .
The FPO opens on Wed, Sep 14, 2005, and closes on Sat, Sep 24, 2005.
Aarthi Consultants Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Southern Online Bio Technologies FPO using UPI as a payment gateway. Zerodha customers can apply in Southern Online Bio Technologies FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Southern Online Bio Technologies FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Southern Online Bio Technologies FPO opens on Wed, Sep 14, 2005 and closes on Sat, Sep 24, 2005.
Southern Online Bio Technologies FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Southern Online Bio Technologies FPO 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 Southern Online Bio Technologies FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Southern Online Bio Technologies FPO allotment status.
The Southern Online Bio Technologies FPO listing date is on .
