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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 ₹128.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,150 (50 shares). 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 Date | April 21, 2010 to April 23, 2010 |
| Listing Date | May 10, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹123 to ₹128 per share |
| Issue Price Final | ₹128 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,50,000 shares (aggregating up to ₹77.44 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,80,65,672 shares |
| Share Holding Post Issue | 2,41,15,672 shares |
Talwalkars IPO offers total 60,50,000 shares. Out of which 30,25,000 (50.00%) allocated to QIB, 9,07,500 (15.00%) allocated to NII, 21,17,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Talwalkars Better value Fitness IPO opens on April 21, 2010, and closes on April 23, 2010.
| IPO Open Date | Wed, Apr 21, 2010 |
| IPO Close Date | Fri, Apr 23, 2010 |
| Tentative Listing Date | Mon, May 10, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 23, 2010 |
Investors can bid for a minimum of 50 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (Rs. in million) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 358.82 | 594.24 | 384.98 | 222.88 | 102.54 | 85.81 |
| Profit After Tax (PAT) | 31.90 | 56.87 | 45.17 | 10.94 | 4.20 | 2.59 |
The objects of the Issue are:
(1) Setting up of additional health clubs;
(2) Repay certain unsecured loans availed by company; and
(3) Meet Issue related expenses.
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
| Listing Date | May 10, 2010 |
| BSE Script Code | 533200 |
| NSE Symbol | TALWALKARS |
| ISIN | INE502K01016 |
| Final Issue Price | ₹128 per share |
| BSE Listing Group | B |
Talwalkars Better value Fitness Ltd.
801-813,
Mahalaxmi Chambers,
22, Bhulabhai Desai Road,
Mumbai, Maharashtra, 400026
Phone: +91 - 22 - 6612 6300
Email: ipo@talwalkars.net
Website: http://ww.talwalkars.net
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tbvfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹77.44 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 50.
The IPO opens on April 21, 2010, and closes on April 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 April 21, 2010 and closes on April 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 Monday, May 10, 2010.
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