Bookbuilding IPO | ₹77 Cr | Listed at BSE, NSE | Wed, Apr 21, 2010 - Fri, Apr 23, 2010
Talwalkars Better value Fitness IPO is a book build issue of ₹77.44 crores. The issue is entirely a fresh issue of 0.61 crore shares of ₹77.44 crore.
Talwalkars Better value Fitness IPO bidding started from Apr 21, 2010 and ended on Apr 23, 2010. The shares got listed on BSE, NSE on May 10, 2010.
Talwalkars Better value Fitness IPO price band is set at ₹128 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,400 (50 shares) (based on upper price). The lot size investment for sNII is 32 lots (1,600 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (7,850 shares), amounting to ₹10,04,800.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Talwalkars Better value Fitness IPO RHP for detailed Information.
IPO Open
Wed, Apr 21, 2010
IPO Close
Fri, Apr 23, 2010
Issue Price
₹128 per share
Market Cap (Pre-IPO)
₹308.68 Cr
| IPO Date | 21 to 23 Apr, 2010 |
| Listed on | Mon, May 10, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹128 |
| Issue Price | ₹128 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 60,50,000 shares (agg. up to ₹77 Cr) |
| Fresh Issue | 60,50,000 shares (agg. up to ₹77 Cr) |
| Share Holding Pre Issue | 1,80,65,672 shares |
| Share Holding Post Issue | 2,41,15,672 shares |
| BSE Script Code / NSE Symbol | 533200 / TALWALKARS |
| ISIN | INE502K01016 |
Talwalkars Better value Fitness IPO comprises a total issue size of 60,50,000 shares. Out of which, 30,25,000 (50.00%) are allocated to QIB, 9,07,500 (15.00%) allocated to NII 21,17,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 30,25,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 9,07,500 | 15.00% | NA |
| Retail Shares Offered | 21,17,500 | 35.00% | 42,350 |
| Total Shares Offered | 60,50,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,400 |
| Retail (Max) | 31 | 1,550 | ₹1,98,400 |
| S-HNI (Min) | 32 | 1,600 | ₹2,04,800 |
| S-HNI (Max) | 156 | 7,800 | ₹9,98,400 |
| B-HNI (Min) | 157 | 7,850 | ₹10,04,800 |
Incorporated in 2003, Talwalkars Better Value Fitness Limited owns one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand 'Talwalkars'. Talwalkars first gym was setup in the year 1932.
As of today, Company operates 51 health clubs in 24 cities of 11 states across the country serving over 55,000 members. Talwalkars were the Official Fitness Partners for Standard Chartered Mumbai Marathon in 2008 and 2009 and Femina Miss India Contest in 2009.
| 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 | Setting up of additional health clubs | 50.22 |
| 2 | Repayment of unsecured loans | 20.59 |
| 3 | Meeting Issue related expenses | 6.63 |
| KPI | |
|---|---|
| RoNW | 33.3% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 79.41% | 59.49% |
| Market Cap | ₹308.68 Cr. |
The Talwalkars IPO is subscribed 28.39 times on April 23, 2010 5:00:00 PM (Day 3). The public issue subscribed 8.43 times in the retail category, 35.43 times in the QIB category, and 51.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 35.43 | 30,25,000 | |
| NII | 51.48 | 9,07,500 | |
| Retail | 8.43 | 21,17,500 | |
| Total | 28.39 | 60,50,000 |
CARE has assigned an IPO Grade 3 to Talwalkars Better Value Fitness Ltd IPO. This means as per CARE company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Talwalkars Better Value Fitness Ltd
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees (Lead Management, Underwriting & Selling Commission) | 2.90 |
| 2 | Advertisement & Marketing Expenses | 1.32 |
| 3 | Printing, Stationery & Distribution Expenses | 1.33 |
| 4 | IPO Grading Expenses | 0.06 |
| 5 | Others (including Legal Advisors Fee, Auditors Fee, Registrars Fee, SCSB commission, Regulatory Fees including filing fees paid to SEBI and Stock Exchanges) | 1.26 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹128.00 | ₹128.00 |
| Open | ₹138.00 | ₹147.95 |
| Low | ₹132.00 | ₹132.00 |
| High | ₹167.70 | ₹168.90 |
| Last Trade | ₹162.60 | ₹163.15 |
Lead Manager Reports
Talwalkars Better value Fitness IPO is a main-board IPO of 60,50,000 equity shares of the face value of ₹10 aggregating up to ₹77 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 50.
The IPO opens on Wed, Apr 21, 2010, and closes on Fri, Apr 23, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Talwalkars Better value Fitness IPO using UPI as a payment gateway. Zerodha customers can apply in Talwalkars Better value Fitness IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Talwalkars Better value Fitness IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Talwalkars Better value Fitness IPO opens on Wed, Apr 21, 2010 and closes on Fri, Apr 23, 2010.
Talwalkars Better value Fitness IPO lot size is 50, and the minimum amount required for application is ₹6,400.
You can apply in Talwalkars Better value Fitness 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 Talwalkars Better value Fitness IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Talwalkars Better value Fitness IPO allotment status.
The Talwalkars Better value Fitness IPO listing date is on Mon, May 10, 2010.
