Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Wed, Dec 11, 2013 - Mon, Dec 16, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Dec 11, 2013
IPO Close
Mon, Dec 16, 2013
Issue Price
₹13 per share
Market Cap (Pre-IPO)
₹7.05 Cr
| IPO Date | 11 to 16 Dec, 2013 |
| Listed on | Tue, Dec 31, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹13 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,30,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 90,000 shares Hem Securities Ltd. (agg. up to ₹0.1170 Cr) |
| Fresh Issue (Ex Market Maker) | 15,40,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 15,40,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 37,94,085 shares |
| Share Holding Post Issue | 54,24,085 shares |
| BSE Script Code | 537119 |
| ISIN | INE486P01011 |
Tentiwal Wire Products IPO comprises a total issue size of 16,30,000 shares. The net offer to the public is 15,40,000 shares, after excluding 90,000 shares allotted on a firm basis. Of the Net offer 7,70,000 (50.00%) allocated to NII 7,70,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,70,000 | 50.00% | 47.24% |
| Retail Shares Offered | 7,70,000 | 50.00% | 47.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 90,000 | 5.52% | |
| Total Shares Offered | 16,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 10.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 85.73% | 59.97% |
| Market Cap | ₹7.05 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.41 |
| 2 | Printing and Stationery and postage expenses | 0.05 |
| 3 | Advertising and Marketing expenses | 0.04 |
| 4 | Other Expenses | 0.02 |
| 5 | Regulatory fees and expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹13.00 |
| Open | ₹12.50 |
| Low | ₹11.90 |
| High | ₹12.50 |
| Last Trade | ₹11.90 |
Lead Manager Reports
Tentiwal Wire Products IPO is a SME IPO of 16,30,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹13 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Dec 11, 2013, and closes on Mon, Dec 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 Wed, Dec 11, 2013 and closes on Mon, Dec 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 Tue, Dec 31, 2013.
