Bookbuilding FPO | ₹51 Cr | Listed at BSE | Tue, Sep 14, 2010 - Fri, Sep 17, 2010
Tirupati Inks FPO is a book build issue of ₹51.50 crores. The issue is entirely a fresh issue of 1.20 crore shares of ₹51.50 crore.
Tirupati Inks FPO bidding started from Sep 14, 2010 and ended on Sep 17, 2010. The shares got listed on BSE on Oct 1, 2010.
Tirupati Inks FPO price band is set at ₹43 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹6,450 (150 shares) (based on upper price). The lot size investment for sNII is 32 lots (4,800 shares), amounting to ₹2,06,400, and for bNII, it is 156 lots (23,400 shares), amounting to ₹10,06,200.
Ashika Capital Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue.
Refer to Tirupati Inks FPO RHP for detailed Information.
FPO Open
Tue, Sep 14, 2010
FPO Close
Fri, Sep 17, 2010
Issue Price
₹43 per share
Market Cap (Pre-IPO)
₹65.16 Cr
| IPO Date | 14 to 17 Sep, 2010 |
| Listed on | Fri, Oct 1, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹41 to ₹43 |
| Issue Price | ₹43 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 1,19,76,744 shares (agg. up to ₹51 Cr) |
| Reserved for Private Promoter | 26,76,744 shares (agg. up to ₹12 Cr) |
| Fresh Issue | 93,00,000 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 93,00,000 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 31,75,626 shares |
| Share Holding Post Issue | 1,51,52,370 shares |
| BSE Script Code | 533258 |
| ISIN | INE493K01018 |
Tirupati Inks FPO comprises a total issue size of 93,00,000 shares. The net offer to the public is 66,23,256 shares, after excluding 26,76,744 shares allotted on a firm basis. Of the Net offer 46,50,000 (50.00%) are allocated to QIB, 13,95,000 (15.00%) allocated to NII 32,55,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 46,50,000 | 50.00% | 50.00% | NA |
| NII (HNI) Shares Offered | 13,95,000 | 15.00% | 15.00% | NA |
| Retail Shares Offered | 32,55,000 | 35.00% | 35.00% | 21,700 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 26,76,744 | 28.78% | NA | |
| Total Shares Offered | 93,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹6,450 |
| Retail (Max) | 31 | 4,650 | ₹1,99,950 |
| S-HNI (Min) | 32 | 4,800 | ₹2,06,400 |
| S-HNI (Max) | 155 | 23,250 | ₹9,99,750 |
| B-HNI (Min) | 156 | 23,400 | ₹10,06,200 |
Tirupati Inks Limited is presently engaged in the business of manufacturing of printing ink & printing cylinders and trading of polyester films and other packaging materials. Tirupati has two manufacturing facilities i.e. one at Kanpur & another at Jammu. At Kanpur Unit, mainly printing ink is manufactured apart from a small volume of printing cylinders and at the Jammu Unit, only printing ink is manufactured.
Tirupati Inks source Polyester Films from reputed Suppliers such as Uflex Limited, Polyflex Corporation Limited, etc. and supplies to various customers engaged in the business of Oil, Ghee, Tobacco, Supari, Tea, Spices, Milk, etc.
Tirupati Inks plans to use the net proceeds of the issue to setting up new facility for manufacturing of Specialty Inks like Digital Inks, UV Inks, Offset Printing Inks and Ink Concentrates to augment and support existing product range of the Company which include Rotogravuere Inks and Flexographic Inks used in Printing of Flexible Packaging Material.
Company’s equity shares are presently listed on Delhi Stock Exchange (DSE).
| 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 facility for manufacturing of Speciality Inks and Ink Concentrates. | 24.25 |
| 2 | Capital Expenditure on Lab Equipments for Existing Facilities. | 0.25 |
| 3 | Proposed Acquisitions. | 5.00 |
| 4 | Augmenting Working Capital Resources. | 14.00 |
| 5 | General Corporate Purposes. | 5.00 |
| 6 | Meeting the Expenses of the Issue | 3.00 |
| KPI | |
|---|---|
| RoNW | 31.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 44.14% | 26.92% |
| Market Cap | ₹65.16 Cr. |
The Tirupati Inks FPO is subscribed 8.77 times on September 17, 2010 5:00:00 PM (Day 4). The public issue subscribed 12.59 times in the retail category, 1.78 times in the QIB category, and 23.18 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.78 | 48,76,829 | |
| NII | 23.18 | 14,63,049 | |
| Retail | 12.59 | 34,13,780 | |
| Total | 8.77 | 97,53,658 |
Tirupati Inks Ltd FPO, Tirupati Inks FPO, Tirupati Inks FPO Bidding, Tirupati Inks FPO Allotment Status, Tirupati Inks drhp and Tirupati Inks Ltd FPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers' fees, Underwriting & Brokerage | 1.00 |
| 2 | Registrars fees including postage | 0.15 |
| 3 | Legal Advisor's fees | 0.07 |
| 4 | Stock Exchange fees including processing and bidding terminals | 0.20 |
| 5 | SEBI fees on filing of Offer Document | 0.02 |
| 6 | Printing & Distribution of Stationary | 0.50 |
| 7 | Advertisement and Marketing Expenses | 0.55 |
| 8 | Commission to Syndicate member & SCSB's | 0.20 |
| 9 | Other Miscellaneous expenses (Auditors fees, Research Reports, Market Reports,etc.) | 0.32 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹53.95 |
| Low | ₹35.70 |
| High | ₹61.45 |
| Last Trade | ₹36.65 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Tirupati Inks FPO is a main-board FPO of 1,19,76,744 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 150.
The FPO opens on Tue, Sep 14, 2010, and closes on Fri, Sep 17, 2010.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Tirupati Inks FPO using UPI as a payment gateway. Zerodha customers can apply in Tirupati Inks FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tirupati Inks FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tirupati Inks FPO opens on Tue, Sep 14, 2010 and closes on Fri, Sep 17, 2010.
Tirupati Inks FPO lot size is 150, and the minimum amount required for application is ₹6,450.
You can apply in Tirupati Inks FPO 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 Tirupati Inks FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tirupati Inks FPO allotment status.
The Tirupati Inks FPO listing date is on Fri, Oct 1, 2010.
