Bookbuilding IPO | ₹520 Cr | Listing at BSE | Mon, Jun 25, 2007 - Wed, Jun 27, 2007 P
Spice Communications IPO is a book build issue of ₹520.31 crores. The issue is entirely a fresh issue of 11.31 crore shares of ₹520.31 crore.
Spice Communications IPO bidding started from Jun 25, 2007 and ended on Jun 27, 2007. The shares got listed on BSE on Jul 19, 2007.
Spice Communications IPO price band is set at ₹46 per share. The lot size for an application is 135. The minimum amount of investment required by an retail is ₹6,210 (135 shares) (based on upper price). The lot size investment for sNII is 33 lots (4,455 shares), amounting to ₹2,04,930, and for bNII, it is 162 lots (21,870 shares), amounting to ₹10,06,020.
The issue includes a reservation of up to 20,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Spice Communications IPO RHP for detailed Information.
IPO Open
Mon, Jun 25, 2007
IPO Close
Wed, Jun 27, 2007
Issue Price
₹46 per share
Market Cap (Pre-IPO)
₹3,173.66 Cr
| IPO Date | 25 to 27 Jun, 2007 |
| Listing Date | Thu, Jul 19, 2007T |
| Face Value | ₹10 per share |
| Price Band | ₹41 to ₹46 |
| Issue Price | ₹46 per share |
| Lot Size | 135 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 11,31,11,111 shares (agg. up to ₹520 Cr) |
| Fresh Issue | 11,31,11,111 shares (agg. up to ₹520 Cr) |
| Share Holding Pre Issue | 57,68,13,889 shares |
| Share Holding Post Issue | 68,99,25,000 shares |
Spice Communications IPO comprises a total issue size of 11,31,11,111 shares. The net offer to the public is 11,11,11,111 shares, after excluding 20,00,000 shares under a preferential allotment. Of the Net offer 6,66,66,667 (60.00%) are allocated to QIB, 1,11,11,111 (10.00%) allocated to NII 3,33,33,333 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 6,66,66,667 | 60.00% | 58.94% | NA |
| NII (HNI) Shares Offered | 1,11,11,111 | 10.00% | 9.82% | NA |
| Retail Shares Offered | 3,33,33,333 | 30.00% | 29.47% | 2,46,913 |
| Preferential Reservations | ||||
| Employee Shares Offered | 20,00,000 | 1.77% | NA | |
| Total Shares Offered | 11,31,11,111 | 100.00% | 100.00% | |
Investors can bid for a minimum of 135 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 135 | ₹6,210 |
| Retail (Max) | 32 | 4,320 | ₹1,98,720 |
| S-HNI (Min) | 33 | 4,455 | ₹2,04,930 |
| S-HNI (Max) | 161 | 21,735 | ₹9,99,810 |
| B-HNI (Min) | 162 | 21,870 | ₹10,06,020 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1997, Spice Communications Limited (or Spice Telecom) is a cellular services provider in the states of Punjab and Karnataka in India. Spice Telecom has around 14.26% market share in these states.
Spice total billable subscribers as on December 31, 2006 were 1.86 million comprising approximately 1.41 million pre-paid subscribers and approximately 0.45 million post-paid subscribers. In three years ended June 30, 2004, 2005 and 2006, Spice telecom's total income was Rs. 5,544 million, Rs. 6,430.59 million and Rs. 6,804.53 million, respectively.
Malaysia’s incumbent service provider Telekom Malaysia (TM) holds a 49%, while industrialist and Modi group chairman B K Modi owns the remaining 51% stake in Spice Communications.
| 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 | Part repayment of long term debt | 316.12 |
| 2 | Payment of License fee for NLD and ILD and related capital expenditures, etc. | 63.60 |
| 3 | Payment to vendor(s) for network equipments and other capital expenditures | 177.63 |
| 4 | General Corporate Purposes | 46.45 |
| 5 | Issue Expenses | 28.44 |
The Spice Telecom IPO is subscribed 37.63 times on June 27, 2007 5:00:00 PM (Day 3). The public issue subscribed 4.05 times in the retail category, 58.6 times in the QIB category, and 19.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commission | 13.46 |
| 2 | Fees for the Registrar to the Issue and Legal Counsels | 3.78 |
| 3 | Advertising and Publicity Expenses | 8.00 |
| 4 | Printing, Postage, Stationery Expenses | 2.70 |
| 5 | Contingency, Stamp duty, Listing Fees, and others | 0.50 |
Spice Communications Limited (BSE 532863) delisted from May 21, 2010 after its merger with Idea Cellular Limited.
Lead Manager Reports
Spice Communications IPO is a main-board IPO of 11,31,11,111 equity shares of the face value of ₹10 aggregating up to ₹520 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 135.
The IPO opens on Mon, Jun 25, 2007, and closes on Wed, Jun 27, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Spice Communications IPO using UPI as a payment gateway. Zerodha customers can apply in Spice Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spice Communications IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spice Communications IPO opens on Mon, Jun 25, 2007 and closes on Wed, Jun 27, 2007.
Spice Communications IPO lot size is 135, and the minimum amount required for application is ₹6,210.
You can apply in Spice Communications 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 Spice Communications IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Spice Communications IPO allotment status.
The Spice Communications IPO listing date is not yet announced. The tentative date of listing is Thu, Jul 19, 2007.
