Bookbuilding IPO | ₹68 Cr | Listed at BSE | Mon, Jun 25, 2007 - Fri, Jun 29, 2007
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 per share. The lot size for an application is 300. The minimum amount of investment required by an retail is ₹6,000 (300 shares) (based on upper price). 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 Open
Mon, Jun 25, 2007
IPO Close
Fri, Jun 29, 2007
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹153.27 Cr
| IPO Date | 25 to 29 Jun, 2007 |
| Listed on | Mon, Jul 23, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹17 to ₹20 |
| Issue Price | ₹20 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 3,40,00,000 shares (agg. up to ₹68 Cr) |
| Fresh Issue | 3,40,00,000 shares (agg. up to ₹68 Cr) |
| Share Holding Pre Issue | 4,26,32,960 shares |
| Share Holding Post Issue | 7,66,32,960 shares |
| BSE Script Code | 532874 SURYACHAKRA |
| ISIN | INE274I01016 |
Suryachakra Power IPO comprises a total issue size of 3,40,00,000 shares. The net offer to the public is 3,36,00,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 1,68,00,000 (50.00%) are allocated to QIB, 50,40,000 (15.00%) allocated to NII 1,17,60,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,68,00,000 | 50.00% | 49.41% | NA |
| NII (HNI) Shares Offered | 50,40,000 | 15.00% | 14.82% | NA |
| Retail Shares Offered | 1,17,60,000 | 35.00% | 34.59% | 39,200 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,00,000 | 1.18% | NA | |
| Total Shares Offered | 3,40,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 300 shares and in multiples thereof.
| 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 |
| 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 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.
| 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 | Equity Investment in MSM Energy Limited for setting up two 10MW bio-mass power plants | 23.93 |
| 2 | To meet working capital requirement for Power Trading | 10.00 |
| 3 | Additional Working Capital for its operations | 14.39 |
| 4 | General Corporate Purposes | 12.89 |
| 5 | Issue expenses | 6.80 |
| KPI | |
|---|---|
| RoNW | 2.71% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 78.28% | 43.53% |
| Market Cap | ₹153.27 Cr. |
The Suryachakra IPO is subscribed 2.18 times on June 29, 2007 5:00:00 PM (Day 5). The public issue subscribed 3.02 times in the retail category, 1.88 times in the QIB category, and 1.33 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 | Issue Management | 0.00 |
| 2 | Printing & Distribution | 0.00 |
| 3 | Advertising and marketing expenses | 0.00 |
| 4 | Underwriting, Brokerage & Selling Commission | 17.20 |
| 5 | Other expenses (Registrar Fees, Legal Fees, Listing Fees etc.) | 0.00 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹30.00 |
| Low | ₹21.00 |
| High | ₹30.00 |
| Last Trade | ₹22.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 300.
The IPO opens on Mon, Jun 25, 2007, and closes on Fri, Jun 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 Mon, Jun 25, 2007 and closes on Fri, Jun 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 Mon, Jul 23, 2007.
