Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Wed, Aug 31, 2016 - Fri, Sep 2, 2016
Sprayking Agro Equipment IPO is a fixed price issue of ₹1.86 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹1.86 crore.
Sprayking Agro Equipment IPO bidding started from Aug 31, 2016 and ended on Sep 2, 2016. The shares got listed on BSE SME on Sep 14, 2016.
Sprayking Agro Equipment IPO price is ₹21 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,52,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Sprayking Agro Equipment IPO RHP for detailed Information.
IPO Open
Wed, Aug 31, 2016
IPO Close
Fri, Sep 2, 2016
Issue Price
₹21 per share
Market Cap (Pre-IPO)
₹6.66 Cr
| IPO Date | 31 Aug to 2 Sep, 2016 |
| Listed on | Wed, Sep 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,88,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 48,000 shares Rikhav Securities Ltd. (agg. up to ₹0.1008 Cr) |
| Fresh Issue (Ex Market Maker) | 8,40,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 8,40,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 22,84,769 shares |
| Share Holding Post Issue | 31,72,769 shares |
| BSE Script Code | 540079 |
| ISIN | INE537U01011 |
Sprayking Agro Equipment IPO comprises a total issue size of 8,88,000 shares. The net offer to the public is 8,40,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,20,000 (50.00%) allocated to NII 4,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,20,000 | 50.00% | 47.30% |
| Retail Shares Offered | 4,20,000 | 50.00% | 47.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.41% | |
| Total Shares Offered | 8,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,26,000 |
| Retail (Max) | 1 | 6,000 | ₹1,26,000 |
| HNI (Min) | 2 | 12,000 | ₹2,52,000 |
Incorporated in 2005, Sprayking Agro Equipment Limited is engaged in manufacturing of Brass Equipment. Company manufactures and sells agriculture brass components, plumbing and sanitary fittings in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture Auto and Electrical parts, Fitting Parts, etc made of Brass.
Sprayking Agro is the Leading manufacturer of the Sprayer's parts such as Sprayer, knapsack sprayer, agricultural sprayer, plastic sprayer, garden sprayer, backpack sprayer, hand sprayer, sprayers, pressure sprayer, power sprayer, agriculture sprayer and compression sprayers as well as nut nipples. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.It supplies agriculture equipment to industrial users, such as agriculture spray manufacturers and manufacturers of other allied products; and plumbing and other equipment to traders in retail market.
They use brass scrap as raw material which is imported from USA, UK and other European Countries and convert the scrap into finished goods.
| 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 of uncertain loan availed from Sprayking Agro Equipment | 1.55 |
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 | Payment to Merchant Banker including payment of other intermediaries such as registrars. | 0.35 |
| 2 | Regulatory Fees & Expenses | 0.03 |
| 3 | Other Expenses (Printing, advertisement, stationary, Auditors Fees etc. | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹24.00 |
| Low | ₹21.75 |
| High | ₹24.00 |
| Last Trade | ₹21.80 |
Lead Manager Reports
Sprayking Agro Equipment IPO is a SME IPO of 8,88,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Aug 31, 2016, and closes on Fri, Sep 2, 2016.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sprayking Agro Equipment IPO using UPI as a payment gateway. Zerodha customers can apply in Sprayking Agro Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sprayking Agro Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sprayking Agro Equipment IPO opens on Wed, Aug 31, 2016 and closes on Fri, Sep 2, 2016.
Sprayking Agro Equipment IPO lot size is 6000, and the minimum amount required for application is ₹1,26,000.
You can apply in Sprayking Agro Equipment 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 Sprayking Agro Equipment IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sprayking Agro Equipment IPO allotment status.
The Sprayking Agro Equipment IPO listing date is on Wed, Sep 14, 2016.
