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Tentiwal Wire Products IPO is a fixed price issue of ₹2.12 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹2.12 crore.
Tentiwal Wire Products IPO bidding started from Dec 11, 2013 and ended on Dec 16, 2013. The shares got listed on BSE SME on Dec 31, 2013.
Tentiwal Wire Products IPO price is ₹13.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,60,000.
Hem Securities Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Tentiwal Wire Products IPO RHP for detailed Information.
| IPO Date | December 11, 2013 to December 16, 2013 |
| Listing Date | December 31, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹13 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,30,000 shares (aggregating up to ₹2.12 Cr) |
| Reserved for Market Maker | 90,000 shares Hem Securities Ltd. (aggregating up to ₹0.1170 Cr) |
| Net Offered to Public | 15,40,000 shares (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,94,085 shares |
| Share Holding Post Issue | 54,24,085 shares |
Tentiwal Wire IPO offers total 16,30,000 shares. Out of which 7,70,000 (47.24%) allocated to NII, 7,70,000 (47.24%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 90,000 (5.52%) |
| NII (HNI) Shares Offered | 7,70,000 (47.24%) |
| Retail Shares Offered | 7,70,000 (47.24%) |
| Total Shares Offered | 16,30,000 (100.00%) |
Tentiwal Wire Products IPO opens on December 11, 2013, and closes on December 16, 2013.
| IPO Open Date | Wed, Dec 11, 2013 |
| IPO Close Date | Mon, Dec 16, 2013 |
| Tentative Listing Date | Tue, Dec 31, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 16, 2013 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,30,000 |
| Retail (Max) | 1 | 10,000 | ₹1,30,000 |
| HNI (Min) | 2 | 20,000 | ₹2,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1994, Tentiwal Wire Products Ltd offers complete range of product for winding conductors of transformers and AC/DC Motors. Company's manufacture products basically on made-to-order basis as per Customer specification. Marketing is centrally controlled from Mathura.
Currently company manufactures:
1. Copper Wire Units which includes Submersible Motor Winding Wire, Super Enameled Copper Wire, Paper Covered Copper Strips and Wire, Paper Covered Aluminium Strips and Wire.
2. Aluminum Extrusion Units which includes Industrial Section (Heat Sinks), Hardware Section (Rods, Ladders, Tower Bolt, step Ending, Exhibition Section, Ferul, etc.), Furniture Section (Work section Channels, Cover Plate, Photo Frames etc.), Architectural Section (Tubes, Double Partitions, Square tube, Door Top, Patam Tube, Mullion, Bolts, etc) and Several Misc. Section.
| KPI | Values |
|---|---|
| RoNW | 10.07% |
The Company Tentiwal Wire Products IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of Loan taken from Aditya Birla Finance Limited (As on 30-6-2013) | 1.26 |
| 2 | General Corporate Purpose | 0.31 |
| 3 | Issue Expenses | 0.55 |
[Dilip Davda] Avoid. Tentiwal Wire Products Ltd. with an EPS of Rs. 0.06 and based on it the asking price is at a P/E of 200 plus against its peers that are trading at a P/E of 2 to 4. Its merchant banker has poor track record so far. Read detail review...
| Listing Date | December 31, 2013 |
| BSE Script Code | 537119 |
| NSE Symbol | |
| ISIN | INE486P01011 |
| Final Issue Price | ₹13 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹13.00 |
| Open | ₹12.50 |
| Low | ₹11.90 |
| High | ₹12.50 |
| Last Trade | ₹11.90 |
Tentiwal Wire Products Ltd.
Delhi Masani Road,
Radhey Shyam Colony,
Mathura, Uttar Pradesh, 281003
Phone: +91 - 565 - 2530032
Email: ipo@tentiwala.com
Website: http://www.tentiwal.co.in
Sharepro Services Pvt.Ltd.
Phone: 9999999999
Email: sme.ipo@shareproservices.com
Website:
Tentiwal Wire Products IPO is a SME IPO of 16,30,000 equity shares of the face value of ₹10 aggregating up to ₹2.12 Crores. The issue is priced at ₹13 per share. The minimum order quantity is 10000.
The IPO opens on December 11, 2013, and closes on December 16, 2013.
Sharepro Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Tentiwal Wire Products IPO using UPI as a payment gateway. Zerodha customers can apply in Tentiwal Wire Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tentiwal Wire Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tentiwal Wire Products IPO opens on December 11, 2013 and closes on December 16, 2013.
Tentiwal Wire Products IPO lot size is 10000, and the minimum amount required for application is ₹1,30,000.
You can apply in Tentiwal Wire Products 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 Tentiwal Wire Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tentiwal Wire Products IPO allotment status.
The Tentiwal Wire Products IPO listing date is on Tuesday, December 31, 2013.
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