Bookbuilding IPO | ₹19 Cr | Listed at NSE SME
Thejo Engineering IPO is a book build issue of ₹19.01 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹19.01 crore.
Thejo Engineering IPO bidding started from Sep 4, 2012 and ended on Sep 6, 2012. The shares got listed on NSE SME on Sep 18, 2012.
Thejo Engineering IPO price band is set at ₹402 per share. The lot size for an application is 300. The minimum amount of investment required by an retail is ₹1,29,000 (300 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (600 shares), amounting to ₹2,41,200.
IDBI Capital Markets Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is IDBI Capital Markets & Securities Ltd..
Refer to Thejo Engineering IPO RHP for detailed Information.
IPO Open
Tue, Sep 4, 2012
IPO Close
Thu, Sep 6, 2012
Issue Price
₹402 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 4 to 6 Sep, 2012 |
| Listed on | Tue, Sep 18, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹402 to ₹430 |
| Issue Price | ₹402 per share |
| Lot Size | 300 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 4,72,800 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 12,300 shares IDBI Capital Markets & Securities Ltd. (agg. up to ₹0.5289 Cr) |
| Net Offered to Public | 4,60,500 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 12,43,976 shares |
| Share Holding Post Issue | 17,16,776 shares |
| NSE Symbol | THEJO |
| ISIN | INE121N01019 |
Thejo Engineering IPO offers total 4,85,100 shares. Out of which 2,29,800 (47.37%) allocated to QIB, 81,900 (16.88%) allocated to NII 1,61,100 (33.21%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 12,300 (2.54%) |
| QIB Shares Offered | 2,29,800 (47.37%) |
| NII (HNI) Shares Offered | 81,900 (16.88%) |
| Retail Shares Offered | 1,61,100 (33.21%) |
| Total Shares Offered | 4,85,100 (100.00%) |
Investors can bid for a minimum of 300 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 300 | ₹1,20,600 |
| Retail (Max) | 1 | 300 | ₹1,20,600 |
| HNI (Min) | 2 | 600 | ₹2,41,200 |
Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company's services include belt conveyor maintenance and operations.
Company's corporate office and manufacturing units are located in Chennai and they have a wide network of branch and site offices across 14 states. Thejo's international presence through partnerships and distribution network extends across Australia, kingdom of Saudi Arabia, the USA, Germany, Chile, Brazil and Ghana.
| 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 | Setting up a poly-urethane unit at Chennai | 0.68 |
| 2 | Expansion of existing facility (Unit I) at Chenna | 6.87 |
| 3 | Setting up R&D Unit at Chennai | 2.83 |
| 4 | Setting up a Lining Plant at Chennai | 1.69 |
| 5 | Investment in our Australian Subsidiary, Thejo Australia Pty Limited. | 6.42 |
| 6 | General corporate purposes | 0.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 78.77% | 57.08% |
CRISIL has assigned a CRISIL SME fundamental grade of ‘SME 5/5’ (pronounced 'SME five on five') to the proposed IPO of Thejo Engineering Ltd (Thejo). This SME fundamental grade indicates that the fundamentals of the company are excellent compared to other SMEs 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. Read Thejo Engineering IPO Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees (including, underwritingcommission, brokerage and selling commission) | 1.13 |
| 2 | Registrar to the Issue | 0.02 |
| 3 | Advisors | 0.23 |
| 4 | Bankers to the Issue | 0.00 |
| 5 | Printing and stationery | 0.10 |
| 6 | Listing fees | 0.00 |
| 7 | Postage, Advertising and marketing expenses | 0.18 |
| 8 | Miscellaneous | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹402.00 |
| Open | ₹403.00 |
| Low | ₹403.00 |
| High | ₹403.00 |
| Last Trade | ₹403.00 |
Lead Manager Reports
Thejo Engineering IPO is a SME IPO of 4,72,800 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹402 per share. The minimum order quantity is 300.
The IPO opens on Tue, Sep 4, 2012, and closes on Thu, Sep 6, 2012.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Thejo Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Thejo Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Thejo Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Thejo Engineering IPO opens on Tue, Sep 4, 2012 and closes on Thu, Sep 6, 2012.
Thejo Engineering IPO lot size is 300, and the minimum amount required for application is ₹1,20,600.
You can apply in Thejo Engineering 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 Thejo Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Thejo Engineering IPO allotment status.
The Thejo Engineering IPO listing date is on Tue, Sep 18, 2012.
