Fixed Price IPO | ₹60 Cr | Listed at BSE, NSE | Tue, Sep 27, 2011 - Thu, Sep 29, 2011
Tijaria Polypipes IPO is a fixed price issue of ₹60.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹60.00 crore.
Tijaria Polypipes IPO bidding started from Sep 27, 2011 and ended on Sep 29, 2011. The shares got listed on BSE, NSE on Oct 14, 2011.
Tijaria Polypipes IPO price is ₹60 per share. The lot size for an application is 100. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (100 shares) (based on upper price). The lot size investment for sNII is 34 lots (3,400 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (16,700 shares), amounting to ₹10,02,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue.
Refer to Tijaria Polypipes IPO RHP for detailed Information.
IPO Open
Tue, Sep 27, 2011
IPO Close
Thu, Sep 29, 2011
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹141.76 Cr
| IPO Date | 27 to 29 Sep, 2011 |
| Listed on | Fri, Oct 14, 2011 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,407 shares (agg. up to ₹60 Cr) |
| Fresh Issue | 1,00,00,407 shares (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 1,36,26,172 shares |
| Share Holding Post Issue | 2,36,26,172 shares |
| BSE Script Code / NSE Symbol | 533629 / TIJARIA |
| ISIN | INE440L01017 |
Tijaria Polypipes IPO comprises a total issue size of 1,00,00,000 shares. Out of which, 50,00,000 (50.00%) allocated to NII 50,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| NII (HNI) Shares Offered | 50,00,000 | 50.00% | NA |
| Retail Shares Offered | 50,00,000 | 50.00% | 50,000 |
| Total Shares Offered | 1,00,00,000 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 33 | 3,300 | ₹1,98,000 |
| S-HNI (Min) | 34 | 3,400 | ₹2,04,000 |
Incorporated in 2006, Tijaria Polypipes Ltd is an ISO 9001:2000 Certified company engaged in the business of plastic pipes. Tijaria is manufacturing of pre-lubricated HDPE pipes (PLB HDPE), PVC & SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps under the registered brand name of Tijaria and Vikas. The company produces a big product range in the field of plastics, HDPE sprinkler, drip irrigation, micro irrigation, telecommunications etc.
Tijaria's product offerings include HDPE pipes, PVC pipes, LLDPE pipes, HDPE DWC pipes, PLB HDPE Ducts, MDPE pipes, uPVC RIGID & BLUE CASING pipes, Pet Granules, MICRO/DRIP Irrigation System, SWR PIPES & FITTINGS, PPR Pipes & Fittings, HDPE Sprinkler System. These products are used in irrigation, telecommunication, industrial, and infrastructure and housing sector. Total production capacity of Tijaria Polypipes is 25163 million tonnes per annum (MTPA).
| 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 | Land & Site Development | 7.16 |
| 2 | Building & Civil Construction | 14.66 |
| 3 | Plant & Machinery – Imported | 50.25 |
| 4 | Plant & Machinery – Indigenous | 12.00 |
| 5 | Misc. Fixed Assets | 5.90 |
| 6 | Preliminary & Capital Issue Expenses | 4.95 |
| 7 | Pre-operative Expenses | 2.15 |
| 8 | Provision for Contingencies | 2.85 |
| 9 | Working Capital Margin | 8.60 |
| Total | 108.52 |
| KPI | |
|---|---|
| RoNW | 19.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 1% | 57.67% |
| Market Cap | ₹141.76 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.
ICRA has assigned an IPO Grade 2 to Tijaria Polypipes IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager’s Fees | 0.60 |
| 2 | Registrar’s Fees | 0.10 |
| 3 | IPO Grading Expenses | 0.05 |
| 4 | Printing, Stationary, Postage and dispatch | 0.50 |
| 5 | Issue advertisement and Publicity expenses | 0.75 |
| 6 | Brokerage and Selling Commissions | 1.80 |
| 7 | Other Expenses including (Legal Fee, Listing Fee, SEBI, BSE, NSDL CDSL etc.) | 0.10 |
| 8 | Miscellaneous Expenses | 0.40 |
| 9 | Contingencies | 0.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹60.00 | ₹60.00 |
| Open | ₹62.00 | ₹61.00 |
| Low | ₹16.05 | ₹16.50 |
| High | ₹67.80 | ₹67.75 |
| Last Trade | ₹18.10 | ₹18.60 |
Lead Manager Reports
Tijaria Polypipes IPO is a main-board IPO of 1,00,00,407 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 100.
The IPO opens on Tue, Sep 27, 2011, and closes on Thu, Sep 29, 2011.
Sharex Dynamic (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 Tijaria Polypipes IPO using UPI as a payment gateway. Zerodha customers can apply in Tijaria Polypipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tijaria Polypipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tijaria Polypipes IPO opens on Tue, Sep 27, 2011 and closes on Thu, Sep 29, 2011.
Tijaria Polypipes IPO lot size is 100, and the minimum amount required for application is ₹6,000.
You can apply in Tijaria Polypipes 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 Tijaria Polypipes IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tijaria Polypipes IPO allotment status.
The Tijaria Polypipes IPO listing date is on Fri, Oct 14, 2011.
