Bookbuilding IPO | ₹268 Cr | Listed at BSE, NSE | Thu, Sep 23, 2010 - Tue, Sep 28, 2010
Tecpro Systems IPO is a book build issue of ₹267.91 crores. The issue is a combination of fresh issue of 0.63 crore shares aggregating to ₹221.78 crores and offer for sale of 0.13 crore shares aggregating to ₹46.13 crores.
Tecpro Systems IPO bidding started from Sep 23, 2010 and ended on Sep 28, 2010. The shares got listed on BSE, NSE on Oct 12, 2010.
Tecpro Systems IPO price band is set at ₹355 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹5,325 (15 shares) (based on upper price). The lot size investment for sNII is 38 lots (570 shares), amounting to ₹2,02,350, and for bNII, it is 188 lots (2,820 shares), amounting to ₹10,01,100.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹17.00 to the issue price.
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 Tecpro Systems IPO RHP for detailed Information.
IPO Open
Thu, Sep 23, 2010
IPO Close
Tue, Sep 28, 2010
Issue Price
₹355 per share
Market Cap (Pre-IPO)
₹1,791.82 Cr
| IPO Date | 23 to 28 Sep, 2010 |
| Listed on | Tue, Oct 12, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹340 to ₹355 |
| Issue Price | ₹355 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹17.00 |
| Total Issue Size | 75,50,000 shares (agg. up to ₹268 Cr) |
| Fresh Issue | 62,50,000 shares (agg. up to ₹222 Cr) |
| Offer for Sale | 13,00,000 shares of ₹10 (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 4,42,23,791 shares |
| Share Holding Post Issue | 5,04,73,791 shares |
| BSE Script Code / NSE Symbol | 533266 / TECPRO |
| ISIN | INE904H01010 |
Tecpro Systems IPO comprises a total issue size of 75,50,000 shares. The net offer to the public is 73,50,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 44,10,000 (60.00%) are allocated to QIB, 7,35,000 (10.00%) allocated to NII 22,05,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 44,10,000 | 60.00% | 58.41% | NA |
| − Anchor Investor Shares Offered | 13,23,000 | 17.52% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 30,87,000 | 40.89% | NA | |
| NII (HNI) Shares Offered | 7,35,000 | 10.00% | 9.74% | NA |
| Retail Shares Offered | 22,05,000 | 30.00% | 29.21% | 1,47,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 2.65% | NA | |
| Total Shares Offered | 75,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹5,325 |
| Retail (Max) | 37 | 555 | ₹1,97,025 |
| S-HNI (Min) | 38 | 570 | ₹2,02,350 |
| S-HNI (Max) | 187 | 2,805 | ₹9,95,775 |
| B-HNI (Min) | 188 | 2,820 | ₹10,01,100 |
| 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 |
Incorporated in 1990, Tecpro Systems Ltd is an established material handling company in India, engaged in providing turnkey solutions in material handling, ash handling, balance of plant ("BoP") and engineering, procurementand construction ("EPC") contracts.
Tecpro Systems Limited undertakes turnkey projects in Bulk Solids Handling Systems including belt conveyors, slat conveyors, bucket elevators etc., manufacture equipment viz., stackers, reclaimers, various types of crushers, vibrating screens, feeder and conveyor components like Idlers and pulleys and undertakes civil and structural work along with electrical, control and instrumentation systems for the project.
| 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 | Fund working capital requirements; and | 200.00 |
| 2 | Fund expenditure for general corporate purposes | 5.48 |
| KPI | |
|---|---|
| RoNW | 32.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 60.03% | 52.59% |
| Market Cap | ₹1,791.82 Cr. |
The Tecpro IPO is subscribed 24.47 times on September 28, 2010 5:00:00 PM (Day 4). The public issue subscribed 9.07 times in the retail category, 27.99 times in the QIB category, and 62.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 27.99 | 30,87,000 | |
| NII | 62.48 | 7,35,000 | |
| Retail | 9.07 | 22,05,000 | |
| Employee | 0.35 | 2,00,000 | |
| Total | 24.47 | 62,27,000 |
CRISIL has assigned an IPO Grade 4 to Tecpro Systems Ltd IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL 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 CRISIL IPO Grading Document for Tecpro Systems Ltd.
Tecpro IPO, Tecpro Systems IPO, Tecpro Systems Ltd IPO Bidding, Tecpro IPO Allotment Status, Tecpro Systems drhp and Tecpro Systems Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | 5.36 |
| 2 | Underwriting and selling commission (including commission to SCSBs for ASBA Applications) | 2.68 |
| 3 | Fees to Registrar to the Offer | 0.43 |
| 4 | Fees to the Legal Advisor | 0.90 |
| 5 | Other Expenses (Filing and listing fees, printing and stationery, distribution and postage, advertisement and marketing expense) | 6.91 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹355.00 | ₹355.00 |
| Open | ₹399.40 | ₹380.00 |
| Low | ₹398.00 | ₹380.00 |
| High | ₹454.25 | ₹453.80 |
| Last Trade | ₹407.85 | ₹405.70 |
Lead Manager Reports
Tecpro Systems IPO is a main-board IPO of 75,50,000 equity shares of the face value of ₹10 aggregating up to ₹268 Crores. The issue is priced at ₹355 per share. The minimum order quantity is 15.
The IPO opens on Thu, Sep 23, 2010, and closes on Tue, Sep 28, 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 Tecpro Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Tecpro Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tecpro Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tecpro Systems IPO opens on Thu, Sep 23, 2010 and closes on Tue, Sep 28, 2010.
Tecpro Systems IPO lot size is 15, and the minimum amount required for application is ₹5,325.
You can apply in Tecpro Systems 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 Tecpro Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tecpro Systems IPO allotment status.
The Tecpro Systems IPO listing date is on Tue, Oct 12, 2010.
