Bookbuilding FPO | ₹48 Cr | Listed at BSE | Mon, Mar 27, 2006 - Fri, Mar 31, 2006
Tantia Constructions FPO is a book build issue of ₹47.77 crores. The issue is entirely a fresh issue of 0.96 crore shares of ₹47.77 crore.
Tantia Constructions FPO bidding started from Mar 27, 2006 and ended on Mar 31, 2006. Tantia Constructions FPO will list on the BSE with a tentative listing date fixed as Apr 28, 2006.
Tantia Constructions FPO is set final issue price at ₹50 per share.
Microsec Capital Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to Tantia Constructions FPO RHP for detailed Information.
FPO Open
Mon, Mar 27, 2006
FPO Close
Fri, Mar 31, 2006
Issue Price
₹5000 per share
Market Cap (Pre-IPO)
₹77.85 Cr
| IPO Date | 27 to 31 Mar, 2006 |
| Listed on | Fri, Apr 28, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹45 to ₹50 |
| Issue Price | ₹5000 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 95,53,066 shares (agg. up to ₹48 Cr) |
| Reserved for Private Promoter | 52,00,000 shares (agg. up to ₹26 Cr) |
| Fresh Issue | 43,53,066 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 43,53,066 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 43,20,000 shares |
| Share Holding Post Issue | 1,38,73,066 shares |
| BSE Script Code | 532738 TICL |
| ISIN | INE388G01026 |
Tantia Constructions FPO comprises a total issue size of 43,50,000 shares. The net offer to the public is -9,50,000 shares, after excluding 52,00,000 shares allotted on a firm basis and 1,00,000 shares under a preferential allotment. Of the Net offer 21,25,000 (50.00%) are allocated to QIB, 6,37,500 (15.00%) allocated to NII 14,87,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,25,000 | 50.00% | 48.85% |
| NII (HNI) Shares Offered | 6,37,500 | 15.00% | 14.66% |
| Retail Shares Offered | 14,87,500 | 35.00% | 34.20% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,00,000 | 2.30% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 52,00,000 | 119.54% | |
| Total Shares Offered | 43,50,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in December 1964, Tantia Constructions Ltd. (TCL) specialises in infrastructure projects, including railways, roads, bridges, pipelines, and urban development, particularly in Eastern India. The firm is known for its extensive experience in complex, varied terrain.
The company provides integrated design, engineering, procurement, construction, and project management services for energy and infrastructure projects. Contracts are based on tenders, quotations, or orders from governments, agencies, companies, and multinationals.
The company focuses on railway infrastructure (projects for Indian Railways), bridges, roads, and urban infrastructure projects.
The company is the the first Indian construction firms to receive ISO 9001:2000 certification.
Business Segments
The company has successfully delivered a multitude of projects across India and neighbouring countries.
The total number of personnel directly employed by the Company exceeds 300, including site staff.
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|---|---|
| Assets | 110.89 | 94.23 | 90.77 | 62.99 | 46.93 | 30.11 |
| Total Income | 98.21 | 106.30 | 123.83 | 114.46 | 78.05 | 76.50 |
| Profit After Tax | 4.08 | 1.87 | 1.93 | 2.94 | 1.47 | 2.30 |
| NET Worth | 20.56 | 13.58 | 12.26 | 10.82 | 8.37 | 7.37 |
| Reserves and Surplus | 13.40 | 9.32 | 10.10 | 8.66 | 6.21 | 5.21 |
| Amount in ₹ Crore | ||||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Capital Equipment | 32.25 |
| 2 | Enhancement of Long Term Working Capital | 15.00 |
| 3 | Repayment of unsecured loan | 17.00 |
| 4 | Repayment of Public Deposits | 2.50 |
| 5 | Investment in BOT/BOOT Projects and Joint Ventures | 10.00 |
| Total | 76.75 |
| KPI | Mar 31, 2005 |
|---|---|
| Debt/Equity | 0.59 |
| RoNW | 13.79% |
| Price to Book Value | 1.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.33 | 3.50 |
| P/E (x) | 11.54 | 14.31 |
| Promoter Holding | 64.11% | 51.19% |
| Market Cap | ₹77.85 Cr. |
The Tantia Constructions FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 77.35 | 43,50,000 | 33,64,86,625 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management Fees | 0.43 |
| 2 | Underwriting, Brokerage & Selling Commission | 0.43 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.50 |
| 4 | Advertisement & Marketing Expenses | 0.45 |
| 5 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.20 |
| Total | 2.00 |
| Price Details |
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| Final Issue Price |
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Lead Manager Reports
Tantia Constructions FPO is a main-board FPO of 95,53,066 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹5000 per share. The minimum order quantity is .
The FPO opens on Mon, Mar 27, 2006, and closes on Fri, Mar 31, 2006.
MCS Share Transfer Agent Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Tantia Constructions FPO using UPI as a payment gateway. Zerodha customers can apply in Tantia Constructions FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tantia Constructions FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tantia Constructions FPO opens on Mon, Mar 27, 2006 and closes on Fri, Mar 31, 2006.
Tantia Constructions FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Tantia Constructions FPO 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 Tantia Constructions FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tantia Constructions FPO allotment status.
The Tantia Constructions FPO listing date is on Fri, Apr 28, 2006.
