Bookbuilding IPO | ₹124 Cr | Listed at BSE, NSE | Fri, May 18, 2007 - Wed, May 23, 2007
Time Technoplast IPO is a book build issue of ₹123.53 crores. The issue is entirely a fresh issue of 0.39 crore shares of ₹123.53 crore.
Time Technoplast IPO bidding started from May 18, 2007 and ended on May 23, 2007. The shares got listed on BSE, NSE on Jun 13, 2007.
Time Technoplast IPO price band is set at ₹315 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,300 (20 shares) (based on upper price). The lot size investment for sNII is 32 lots (640 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (3,180 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 2,61,100 shares for employees offered at a discount of ₹0.00 to the issue price.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Time Technoplast IPO RHP for detailed Information.
IPO Open
Fri, May 18, 2007
IPO Close
Wed, May 23, 2007
Issue Price
₹315 per share
Market Cap (Pre-IPO)
₹659.18 Cr
| IPO Date | 18 to 23 May, 2007 |
| Listed on | Wed, Jun 13, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹290 to ₹315 |
| Issue Price | ₹315 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 39,21,500 shares (agg. up to ₹124 Cr) |
| Fresh Issue | 39,21,500 shares (agg. up to ₹124 Cr) |
| Share Holding Pre Issue | 1,70,05,000 shares |
| Share Holding Post Issue | 2,09,26,500 shares |
| BSE Script Code / NSE Symbol | 532856 / TIMETECHNO |
| ISIN | INE508G01029 |
Time Technoplast IPO comprises a total issue size of 39,21,500 shares. The net offer to the public is 36,60,400 shares, after excluding 2,61,100 shares under a preferential allotment. Of the Net offer 21,96,240 (60.00%) are allocated to QIB, 3,66,040 (10.00%) allocated to NII 10,98,120 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 21,96,240 | 60.00% | 56.01% | NA |
| NII (HNI) Shares Offered | 3,66,040 | 10.00% | 9.33% | NA |
| Retail Shares Offered | 10,98,120 | 30.00% | 28.00% | 54,906 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,61,100 | 6.66% | NA | |
| Total Shares Offered | 39,21,500 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹6,300 |
| Retail (Max) | 31 | 620 | ₹1,95,300 |
| S-HNI (Min) | 32 | 640 | ₹2,01,600 |
| S-HNI (Max) | 158 | 3,160 | ₹9,95,400 |
| B-HNI (Min) | 159 | 3,180 | ₹10,01,700 |
| 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 1991, Time Technoplast Limited (TTL) is in business of manufacturing technology based polymer products for Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction and Infrastructure related products.
TTL has manufacturing facilities spread over 6 strategic locations and equipped with 11 regional / area marketing offices. TTL serve over 500 institutional clients and its distribution network spread to reach 345 cities and towns. For FY05-06, TTL revenue was Rs 3045 million.
TTL’s product portfolio include following popular brands:
Time Mauser : Packaging Product – Drums / Containers
Conipails: Packaging – Pails
Ecopet: Packaging – PET Sheet
Meadowz: Lifestyle – Turf,
DuroTurf: Duro Soft Lifestyle – Entrance Mattings
Regal: Lifestyle – Garden Furniture
3S: Auto Components – Anti Spray Device
Genex: Healthcare – Medical Devices
| 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 of new project at Thane (H.P.) for Disposable Medical Devices | 35.23 |
| 2 | Setting up integrated injection moulding facilities at Silvassa (U.T.) for augmenting production capacity for plastic Pails and Auto Components | 15.37 |
| 3 | Setting up of new project in Mid East (Sharjah – UAE) for Packaging (Plastic drums & containers and coni Pails) and Life Style Products (Garden Furniture) | 27.50 |
| 4 | Setting up production facilities in Europe (Poland) for Auto Components (Anti Spray Devices) and Life Style Products (Entrance Matting and Turf) | 12.10 |
| 5 | To acquire entire 49% holding of Time Securities Services Pvt. Ltd. in the Singapore based Joint Venture Mauser Holding Asia Pte. Ltd. with Mauser Holding Netherlands B.V. holding remaining 51% | 19.20 |
| 6 | General corporate purpose | |
| 7 | Issue Expenses |
| KPI | |
|---|---|
| RoNW | 18.3% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.84% | 62.44% |
| Market Cap | ₹659.18 Cr. |
The Time Technoplast IPO is subscribed 49.55 times on May 23, 2007 5:00:00 PM (Day 4). The public issue subscribed 12.97 times in the retail category, 69.88 times in the QIB category, and 72.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 3.82 |
| 2 | Advertisement & Marketing expenses | 1.88 |
| 3 | Printing, stationery including transportation of the same | 2.26 |
| 4 | Others (Registrar’s fees, Legal fees, Listing fees, etc.) | 1.28 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹315.00 | ₹315.00 |
| Open | ₹415.55 | ₹489.80 |
| Low | ₹415.55 | ₹420.00 |
| High | ₹498.00 | ₹499.00 |
| Last Trade | ₹480.35 | ₹480.90 |
Lead Manager Reports
Time Technoplast IPO is a main-board IPO of 39,21,500 equity shares of the face value of ₹10 aggregating up to ₹124 Crores. The issue is priced at ₹315 per share. The minimum order quantity is 20.
The IPO opens on Fri, May 18, 2007, and closes on Wed, May 23, 2007.
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 Time Technoplast IPO using UPI as a payment gateway. Zerodha customers can apply in Time Technoplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Time Technoplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Time Technoplast IPO opens on Fri, May 18, 2007 and closes on Wed, May 23, 2007.
Time Technoplast IPO lot size is 20, and the minimum amount required for application is ₹6,300.
You can apply in Time Technoplast 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 Time Technoplast IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Time Technoplast IPO allotment status.
The Time Technoplast IPO listing date is on Wed, Jun 13, 2007.
