Bookbuilding IPO | ₹465 Cr | Listed at BSE, NSE | Tue, Aug 1, 2006 - Fri, Aug 4, 2006
Tech Mahindra IPO is a book build issue of ₹465.23 crores. The issue is a combination of fresh issue of 0.32 crore shares aggregating to ₹116.31 crores and offer for sale of 0.96 crore shares aggregating to ₹348.92 crores.
Tech Mahindra IPO bidding started from Aug 1, 2006 and ended on Aug 4, 2006. The shares got listed on NSE and BSE on Aug 28, 2006.
Tech Mahindra IPO is set final issue price at ₹365 per share.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tech Mahindra IPO RHP for detailed Information.
IPO Open
Tue, Aug 1, 2006
IPO Close
Fri, Aug 4, 2006
Issue Price
₹365 per share
Market Cap (Pre-IPO)
₹4,229.33 Cr
| IPO Date | 1 to 4 Aug, 2006 |
| Listed on | Mon, Aug 28, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹315 to ₹365 |
| Issue Price | ₹365 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,27,46,000 shares (agg. up to ₹465 Cr) |
| Fresh Issue | 31,86,480 shares (agg. up to ₹116 Cr) |
| Offer for Sale | 95,59,520 shares of ₹10 (agg. up to ₹349 Cr) |
| Share Holding Pre Issue | 11,26,85,573 shares |
| Share Holding Post Issue | 11,58,72,053 shares |
| BSE Script Code / NSE Symbol | 532755 / TECHM |
| ISIN | INE669C01036 |
Tech Mahindra IPO comprises a total issue size of 1,27,46,000 shares. The net offer to the public is 1,15,87,210 shares, after excluding 11,58,790 shares under a preferential allotment. Of the Net offer 69,52,326 (60.00%) are allocated to QIB, 11,58,721 (10.00%) allocated to NII 34,76,163 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 69,52,326 | 60.00% | 54.55% |
| NII (HNI) Shares Offered | 11,58,721 | 10.00% | 9.09% |
| Retail Shares Offered | 34,76,163 | 30.00% | 27.27% |
| Preferential Reservations | |||
| Employee Shares Offered | 11,58,790 | 9.09% | |
| Total Shares Offered | 1,27,46,000 | 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) |
Tech Mahindra Limited is an IT services and consulting company, part of the Mahindra Group.
The company provides a wide range of technology and digital transformation services, including:
Tech Mahindra serves clients across industries such as telecommunications, banking, healthcare, manufacturing, retail, and media, with a strong global presence in over 90 countries.
Competitive Strengths:
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 1,009.30 | 676.80 | |
| Total Income | 1,228.45 | 929.59 | 725.04 |
| Profit After Tax | 220.12 | 71.09 | 94.13 |
| NET Worth | 597.87 | 482.83 | 435.34 |
| Reserves and Surplus | 577.07 | 462.48 | 415.07 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Enhancing the delivery infrastructure | 110.42 |
| 2 | Issue related expenses | 5.88 |
| Total | 116.30 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 38.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.49% | 87.53% |
| Market Cap | ₹4,229.33 Cr. |
The Tech Mahindra IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 70.09 | 1,27,46,000 | 89,33,18,368 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee and underwriting commissions | 0.98 |
| 2 | Advertising and marketing expenses | 0.45 |
| 3 | Printing and stationery | 4.40 |
| 4 | Registrar’s fee | 0.40 |
| 5 | Legal Fees | 2.71 |
| 6 | Others | 1.68 |
| Total | 10.62 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹365.00 | ₹365.00 |
| Open | ₹525.00 | ₹521.00 |
| Low | ₹523.00 | ₹502.00 |
| High | ₹569.00 | ₹569.00 |
| Last Trade | ₹552.80 | ₹554.25 |
Lead Manager Reports
Tech Mahindra IPO is a main-board IPO of 1,27,46,000 equity shares of the face value of ₹10 aggregating up to ₹465 Crores. The issue is priced at ₹365 per share. The minimum order quantity is .
The IPO opens on Tue, Aug 1, 2006, and closes on Fri, Aug 4, 2006.
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 Tech Mahindra IPO using UPI as a payment gateway. Zerodha customers can apply in Tech Mahindra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tech Mahindra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tech Mahindra IPO opens on Tue, Aug 1, 2006 and closes on Fri, Aug 4, 2006.
Tech Mahindra IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Tech Mahindra 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 Tech Mahindra IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tech Mahindra IPO allotment status.
The Tech Mahindra IPO listing date is on .
