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Suryachakra Power IPO is a book build issue of ₹68.00 crores. The issue is entirely a fresh issue of 3.40 crore shares of ₹68.00 crore.
Suryachakra Power IPO bidding started from Jun 25, 2007 and ended on Jun 29, 2007. The shares got listed on BSE on Jul 23, 2007.
Suryachakra Power IPO price band is set at ₹20.00 per share . The lot size for an application is 300. The minimum amount of investment required by an retail is ₹5,100 (300 shares). The lot size investment for sNII is 34 lots (10,200 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (50,100 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 4,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Karvy Investor Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Suryachakra Power IPO RHP for detailed Information.
| IPO Date | June 25, 2007 to June 29, 2007 |
| Listing Date | July 23, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹17 to ₹20 per share |
| Issue Price Final | ₹20 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,40,00,000 shares (aggregating up to ₹68.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 4,26,32,960 shares |
| Share Holding Post Issue | 7,66,32,960 shares |
Suryachakra IPO offers total 3,40,00,000 shares. Out of which 1,68,00,000 (49.41%) allocated to QIB, 50,40,000 (14.82%) allocated to NII, 1,17,60,000 (34.59%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,68,00,000 (49.41%) | NA |
| NII (HNI) Shares Offered | 50,40,000 (14.82%) | NA |
| Retail Shares Offered | 1,17,60,000 (34.59%) | 39,200 |
| Employee Shares Offered | 4,00,000 (1.18%) | NA |
| Total Shares Offered | 3,40,00,000 (100.00%) |
| 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 |
Suryachakra Power IPO opens on June 25, 2007, and closes on June 29, 2007.
| IPO Open Date | Mon, Jun 25, 2007 |
| IPO Close Date | Fri, Jun 29, 2007 |
| Tentative Listing Date | Mon, Jul 23, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 29, 2007 |
Investors can bid for a minimum of 300 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹6,000 |
| Retail (Max) | 33 | 9,900 | ₹1,98,000 |
| S-HNI (Min) | 34 | 10,200 | ₹2,04,000 |
| S-HNI (Max) | 166 | 49,800 | ₹9,96,000 |
| B-HNI (Min) | 167 | 50,100 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Suryachakra Power Corporation Limited is Hyderabad based power Generation Company.
Suryachakra Power Corporation Limited envisions to be amongst the leaders in all spheres ranging from power generation to distribution and trading.
| KPI | Values |
|---|---|
| RoNW | 2.71% |
The Company Suryachakra IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Equity Investment in MSM Energy Limited for setting up two 10MW bio-mass power plants | 239.30 |
| 2 | To meet working capital requirement for Power Trading | 100.00 |
| 3 | Additional Working Capital for its operations | 143.85 |
| 4 | General Corporate Purposes | 128.85 |
| 5 | Issue expenses | 68.00 |
| Listing Date | July 23, 2007 |
| BSE Script Code | 532874 |
| NSE Symbol | SURYACHAKRA |
| ISIN | INE274I01016 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | B1 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹30.00 |
| Low | ₹21.00 |
| High | ₹30.00 |
| Last Trade | ₹22.35 |
Suryachakra Power Corp.Ltd.
Suryachakra Power Corporation Ltd,
8 – 2 – 293/82, Plot No: 1115,
Road No. 54, Jubilee Hills
Hyderabad, Telangana, 500033
Phone: +91 40 2355 0597
Email: ipo@suryachakra.com
Website: http://www.suryachakra.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mailmanager@karvy.com
Website: https://ipostatus.kfintech.com/
Suryachakra Power IPO is a main-board IPO of 3,40,00,000 equity shares of the face value of ₹10 aggregating up to ₹68.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 300.
The IPO opens on June 25, 2007, and closes on June 29, 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 Suryachakra Power IPO using UPI as a payment gateway. Zerodha customers can apply in Suryachakra Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suryachakra Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suryachakra Power IPO opens on June 25, 2007 and closes on June 29, 2007.
Suryachakra Power IPO lot size is 300, and the minimum amount required for application is ₹6,000.
You can apply in Suryachakra Power 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 Suryachakra Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Suryachakra Power IPO allotment status.
The Suryachakra Power IPO listing date is on Monday, July 23, 2007.
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