Bookbuilding IPO | ₹87 Cr | Listed at BSE, NSE | Thu, Jan 18, 2007 - Tue, Jan 23, 2007
Technocraft IPO is a book build issue of ₹87.36 crores. The issue is entirely a fresh issue of 0.83 crore shares of ₹87.36 crore.
Technocraft IPO bidding started from Jan 18, 2007 and ended on Jan 23, 2007. The shares got listed on BSE, NSE on Feb 12, 2007.
Technocraft IPO price band is set at ₹105 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹6,825 (65 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,950 shares), amounting to ₹2,04,750, and for bNII, it is 147 lots (9,555 shares), amounting to ₹10,03,275.
The issue includes a reservation of up to 4,20,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and Datamatics Business Soultions Ltd. is the registrar of the issue.
Refer to Technocraft IPO RHP for detailed Information.
IPO Open
Thu, Jan 18, 2007
IPO Close
Tue, Jan 23, 2007
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹331.03 Cr
| IPO Date | 18 to 23 Jan, 2007 |
| Listed on | Mon, Feb 12, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 83,20,000 shares (agg. up to ₹87 Cr) |
| Fresh Issue | 83,20,000 shares (agg. up to ₹87 Cr) |
| Share Holding Pre Issue | 2,32,06,750 shares |
| Share Holding Post Issue | 3,15,26,750 shares |
| BSE Script Code / NSE Symbol | 532804 / TIIL |
| ISIN | INE545H01011 |
Technocraft IPO comprises a total issue size of 83,20,000 shares. The net offer to the public is 79,00,000 shares, after excluding 4,20,000 shares under a preferential allotment. Of the Net offer 39,50,000 (50.00%) are allocated to QIB, 11,85,000 (15.00%) allocated to NII 27,65,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 39,50,000 | 50.00% | 47.48% | NA |
| NII (HNI) Shares Offered | 11,85,000 | 15.00% | 14.24% | NA |
| Retail Shares Offered | 27,65,000 | 35.00% | 33.23% | 42,538 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,20,000 | 5.05% | NA | |
| Total Shares Offered | 83,20,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹6,825 |
| Retail (Max) | 29 | 1,885 | ₹1,97,925 |
| S-HNI (Min) | 30 | 1,950 | ₹2,04,750 |
| S-HNI (Max) | 146 | 9,490 | ₹9,96,450 |
| B-HNI (Min) | 147 | 9,555 | ₹10,03,275 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Technocraft Industries (India) Limited is a multi divisional company engaged in the manufacture of a drum closures, pipes and scaffoldings and fabrics and garments with modern production facilities.
They cater to both the domestic and global trade and have positioned ourselves as a multi product and multi market player ensuring that our target market is a diverse mix of the domestic market and international market (exports). Their manufacturing facilities are based at Murbad, Thane.
| 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 | Drum Closure Division | 19.39 |
| 2 | Pipe Division | 19.91 |
| 3 | Yarn Division | 60.80 |
| 4 | 15 MW Power Plant | 60.00 |
| 5 | Issue Expenses | 5.69 |
| Total | 165.79 |
| KPI | |
|---|---|
| RoNW | 10.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 73.6% |
| Market Cap | ₹331.03 Cr. |
The Technocraft IPO is subscribed 10.67 times on January 23, 2007 5:00:00 PM (Day 4). The public issue subscribed 8.07 times in the retail category, 11.65 times in the QIB category, and 16.98 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 Fees, Underwriting and Selling Commission | 2.62 |
| 2 | Advertisement and Marketing expenses | 0.59 |
| 3 | Printing and Stationery | 1.60 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc) | 0.88 |
| Total | 5.69 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹105.00 | ₹105.00 |
| Open | ₹125.00 | ₹137.00 |
| Low | ₹97.35 | ₹97.00 |
| High | ₹130.00 | ₹140.00 |
| Last Trade | ₹100.90 | ₹100.05 |
Lead Manager Reports
Technocraft IPO is a main-board IPO of 83,20,000 equity shares of the face value of ₹10 aggregating up to ₹87 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 65.
The IPO opens on Thu, Jan 18, 2007, and closes on Tue, Jan 23, 2007.
Datamatics Business Soultions Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Technocraft IPO using UPI as a payment gateway. Zerodha customers can apply in Technocraft IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Technocraft IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Technocraft IPO opens on Thu, Jan 18, 2007 and closes on Tue, Jan 23, 2007.
Technocraft IPO lot size is 65, and the minimum amount required for application is ₹6,825.
You can apply in Technocraft 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 Technocraft IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Technocraft IPO allotment status.
The Technocraft IPO listing date is on Mon, Feb 12, 2007.
