Bookbuilding FPO | ₹421 Cr | Listed at BSE, NSE | Mon, Dec 11, 2006 - Thu, Dec 14, 2006
Tanla Solutions IPO is a book build issue of ₹420.95 crores. The issue is entirely a fresh issue of 1.59 crore shares of ₹420.95 crore.
Tanla Solutions IPO bidding started from Dec 11, 2006 and ended on Dec 14, 2006. The shares got listed on the NSE and the BSE on Jan 5, 2007.
Tanla Solutions IPO is set final issue price at ₹265 per share. The lot size for an application is 25 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,625 (25 shares) (based on upper price). The lot size investment for sNII is 31 lots (775 shares), amounting to ₹2,05,375, and for bNII, it is 151 lots (3,775 shares), amounting to ₹10,00,375.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Tanla Solutions IPO RHP for detailed Information.
FPO Open
Mon, Dec 11, 2006
FPO Close
Thu, Dec 14, 2006
Issue Price
₹265 per share
Market Cap (Pre-IPO)
₹1,325.00 Cr
| IPO Date | 11 to 14 Dec, 2006 |
| Listed on | Fri, Jan 5, 2007 |
| Face Value | ₹2 per share |
| Price Band | ₹230 to ₹265 |
| Issue Price | ₹265 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,58,85,000 shares (agg. up to ₹421 Cr) |
| Reserved for Private Promoter | 15,88,500 shares (agg. up to ₹42 Cr) |
| Fresh Issue | 1,42,96,500 shares (agg. up to ₹379 Cr) |
| Net Offered to Public | 1,42,96,500 shares (agg. up to ₹379 Cr) |
| Share Holding Pre Issue | 3,41,15,000 shares |
| Share Holding Post Issue | 5,00,00,000 shares |
| BSE Script Code / NSE Symbol | 532790 / TANLA |
| ISIN | INE483C01032 |
Tanla Solutions IPO comprises a total issue size of 1,42,96,500 shares. The net offer to the public is 1,27,08,000 shares, after excluding 15,88,500 shares allotted on a firm basis. Of the Net offer 71,48,250 (50.00%) are allocated to QIB, 21,44,475 (15.00%) allocated to NII 50,03,775 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 71,48,250 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 21,44,475 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 50,03,775 | 35.00% | 35.00% | 2,00,151 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 15,88,500 | 11.11% | NA | |
| Total Shares Offered | 1,42,96,500 | 100.00% | 100.00% | |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,625 |
| Retail (Max) | 30 | 750 | ₹1,98,750 |
| S-HNI (Min) | 31 | 775 | ₹2,05,375 |
| S-HNI (Max) | 150 | 3,750 | ₹9,93,750 |
| B-HNI (Min) | 151 | 3,775 | ₹10,00,375 |
Tanla Solutions Limited (TSL) is India based telecom infrastructure solutions. TSL has its software development centre in Hyderabad, Andhra Pradesh, India, and a worldwide marketing office in the U.K.
Tanla is engaged in the business of making SMSC and VMS indigenously. TSL's SMSC has already been deployed with prestigious clients like Reliance Telecom, BPL, Airtel,Aircel and Hutch. While telecom infrastructure solutions remain the core activity of TSL, the Company has expanded its activity into a number of related areas including Telemetry, Telematics and Aggregator Services.
Product & Services:
1. Telecom Signaling Solutions:
SS-7 based products of which the flagship product is SMSC (SMS Centers). The Industry Products including Telemetry (existing) and Telematics.
2. Aggregator:
The Aggregator business of Tanla is operated under Mobizar, which is a wholly owned subsidiary of Tanla U.K. (a 100% subsidiary of TSL). It serves as an interface between value added service providers and content providers on the one side and wireless telecom operators on the other.
3. Offshore Development:
Offshore development of telecom projects and aggregator related application development.
| Period Ended | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 9.42 | 5.57 | 1.84 |
| Total Income | 8.71 | 6.31 | 2.27 |
| Profit After Tax | 3.57 | 3.02 | 0.68 |
| NET Worth | 0.68 | 0.68 | 0.68 |
| Reserves and Surplus | 7.34 | 3.67 | 0.85 |
| 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 Infrastructure Facility for Development Centre at Hyderabad | 77.27 |
| 2 | Setting up Infrastructure Facilities for a Backup / Disaster Recovery Centre at Bangalore | 12.79 |
| 3 | Establising Overseas Marketing Offices | 4.06 |
| 4 | Expansion & Upgradation of Existing Research & Product Development Facilities | 22.03 |
| 5 | Fund regional/global expansion and acquire and invest in strategic business. | 20.00 |
| 6 | Meet working capital requirements | 28.45 |
| 7 | Contingencies | 10.41 |
| 8 | To meet Issue expenses | 27.26 |
| KPI | Sep 30, 2006 | Mar 31, 2006 |
|---|---|---|
| RoNW | 46.87% | 69.51% |
| Price to Book Value | 11.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 46.43% | 34.86% |
| Market Cap | ₹1,325.00 Cr. |
The Tanla IPO is subscribed 38.65 times on December 14, 2006 5:00:00 PM (Day 4). The public issue subscribed 11.09 times in the retail category, 57.06 times in the QIB category, and 41.58 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 | Lead management, underwriting and selling commission | 14.25 |
| 2 | Advertisement & Marketing expenses | 5.05 |
| 3 | Printing, and stationery including transportation of the same | 4.50 |
| 4 | Registrar’s fees | 1.00 |
| 5 | Legal fees | 0.80 |
| 6 | Others | 1.68 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹265.00 | ₹265.00 |
| Open | ₹379.80 | ₹377.40 |
| Low | ₹365.00 | ₹364.95 |
| High | ₹379.80 | ₹379.85 |
| Last Trade | ₹379.80 | ₹379.85 |
Lead Manager Reports
Tanla Solutions IPO is a main-board FPO of 1,58,85,000 equity shares of the face value of ₹2 aggregating up to ₹421 Crores. The issue is priced at ₹265 per share. The minimum order quantity is 25.
The FPO opens on Mon, Dec 11, 2006, and closes on Thu, Dec 14, 2006.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tanla Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Tanla Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tanla Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tanla Solutions IPO opens on Mon, Dec 11, 2006 and closes on Thu, Dec 14, 2006.
Tanla Solutions IPO lot size is 25, and the minimum amount required for application is ₹6,625.
You can apply in Tanla Solutions 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 Tanla Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tanla Solutions IPO allotment status.
The Tanla Solutions IPO listing date is on Fri, Jan 5, 2007.
