Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Mon, Dec 30, 2013 - Tue, Jan 7, 2014
Suyog Telematics IPO is a fixed price issue of ₹4.53 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹4.53 crore.
Suyog Telematics IPO bidding started from Dec 30, 2013 and ended on Jan 7, 2014. The shares got listed on BSE SME on Jan 22, 2014.
Suyog Telematics IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Aryaman 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 Aryaman Capital Markets Ltd..
Refer to Suyog Telematics IPO RHP for detailed Information.
IPO Open
Mon, Dec 30, 2013
IPO Close
Tue, Jan 7, 2014
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹16.16 Cr
| IPO Date | 30 Dec, 2013 to 7 Jan, 2014 |
| Listed on | Wed, Jan 22, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,12,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 1,08,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.2700 Cr) |
| Fresh Issue (Ex Market Maker) | 17,04,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 17,04,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 46,50,000 shares |
| Share Holding Post Issue | 64,62,000 shares |
| BSE Script Code | 537259 SUYOG |
| ISIN | INE442P01014 |
Suyog Telematics IPO comprises a total issue size of 18,12,000 shares. The net offer to the public is 17,04,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 8,52,000 (50.00%) allocated to NII 8,52,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,52,000 | 50.00% | 47.02% |
| Retail Shares Offered | 8,52,000 | 50.00% | 47.02% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.96% | |
| Total Shares Offered | 18,12,000 | 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 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 1995, Suyog Telematics Ltd (STL) is in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable (“OFC”) Systems in India. It operates on Build, own and operate basis and covers roof top poles as well as ground level poles. It also offer services to Telecom Operators in installing Telecom Infrastructure on job work basis.
The company has provided a number of Poles and Infrastructure on lease over various areas in and around Maharashtra and Uttarakhand and have also installed BTS equipments on poles for most of the leading Mobile Service Providers in India, including, Bharti Airtel Ltd., Vodafone Essar Ltd., Idea Cellular Ltd., and TTML. Having been in the business of civil construction for over 2 decades, the group has completed installation of more than 200 Poles for various TSPs and about 10,000 Roof-Top Towers for BSNL on job work basis. As on September 30, 2013, its fully completed owned portfolio of passive infrastructure consists of 359 Poles in and around Mumbai and 79 towers in and around Maharashtra and Uttarakhand. In addition, it has its own optical fiber cable network of about 150 km in and around Mumbai.
| 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 | Installation of 10 new Roof Top Towers | 1.00 |
| 2 | Installation of 100 new Ground Based Poles | 2.00 |
| 3 | Upgradation and replacement of existing Towers and Poles | 1.00 |
| 4 | Issue related Expenses | 0.53 |
| KPI | |
|---|---|
| RoNW | 7.59% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.32% | 65% |
| Market Cap | ₹16.16 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 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.42 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Advertisement & Marketing Expenses | 0.03 |
| 4 | Regulatory & other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.20 |
| Low | ₹24.90 |
| High | ₹25.25 |
| Last Trade | ₹25.25 |
Lead Manager Reports
Suyog Telematics IPO is a SME IPO of 18,12,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Dec 30, 2013, and closes on Tue, Jan 7, 2014.
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 Suyog Telematics IPO using UPI as a payment gateway. Zerodha customers can apply in Suyog Telematics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suyog Telematics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suyog Telematics IPO opens on Mon, Dec 30, 2013 and closes on Tue, Jan 7, 2014.
Suyog Telematics IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Suyog Telematics 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 Suyog Telematics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Suyog Telematics IPO allotment status.
The Suyog Telematics IPO listing date is on Wed, Jan 22, 2014.
