Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Mon, Sep 30, 2013 - Mon, Oct 7, 2013
Subh Tex IPO is a fixed price issue of ₹3.50 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹3.50 crore.
Subh Tex IPO bidding started from Sep 30, 2013 and ended on Oct 7, 2013. The shares got listed on BSE SME on Oct 22, 2013.
Subh Tex IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Basan Financial Services Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Basan Equity Broking Ltd..
Refer to Subh Tex IPO RHP for detailed Information.
IPO Open
Mon, Sep 30, 2013
IPO Close
Mon, Oct 7, 2013
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹11.00 Cr
| IPO Date | 30 Sep to 7 Oct, 2013 |
| Listed on | Tue, Oct 22, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,80,000 shares Basan Equity Broking Ltd. (agg. up to ₹0.1800 Cr) |
| Fresh Issue (Ex Market Maker) | 33,20,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 33,20,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,10,00,000 shares |
| BSE Script Code | 536671 |
| ISIN | INE427O01018 |
Subh Tex IPO comprises a total issue size of 35,00,000 shares. The net offer to the public is 33,20,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,60,000 (50.00%) allocated to NII 16,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,60,000 | 50.00% | 47.43% |
| Retail Shares Offered | 16,60,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.14% | |
| Total Shares Offered | 35,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 2003, Subh Tex India Limited Ltd is an ISO 9001:2008 certified company and engaged in the business of manufacturing fabric viz suiting & shirting for the domestic and international market. They export their finished suiting to various countries in the Middle East region. Also, They do trading activities of various materials (semi-finished and finished products) in the textile market.
Company is involved in trading of various textile products which are of high quality and also bulk trading. Also they plan to leverage on the marketing exposure and contacts which they generate their trading activities which will be useful for converting trading clients as clients of manufactured products. Company manufacturers suiting and shirting for which it has installed 76 Sulzer looms at its plant in Silvassa.
| 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 | Meeting Additional Working Capital Requirements | 3.00 |
| 2 | Public Issue Expenses | 0.50 |
| KPI | |
|---|---|
| RoNW | 0.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 0.5733% | 0.3909% |
| Market Cap | ₹11.00 Cr. |
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 fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.35 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and other expenses | 0.03 |
| 5 | Other Miscellaneous expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹12.00 |
| High | ₹12.60 |
| Last Trade | ₹12.60 |
Lead Manager Reports
Subh Tex IPO is a SME IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Sep 30, 2013, and closes on Mon, Oct 7, 2013.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Subh Tex IPO using UPI as a payment gateway. Zerodha customers can apply in Subh Tex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Subh Tex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Subh Tex IPO opens on Mon, Sep 30, 2013 and closes on Mon, Oct 7, 2013.
Subh Tex IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Subh Tex 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 Subh Tex IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Subh Tex IPO allotment status.
The Subh Tex IPO listing date is on Tue, Oct 22, 2013.
