Bookbuilding IPO | ₹129 Cr | Listed at BSE, NSE | Mon, Mar 24, 2008 - Thu, Mar 27, 2008
Titagarh Wagons IPO is a book build issue of ₹128.72 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to ₹111.68 crores and offer for sale of 0.03 crore shares aggregating to ₹17.05 crores.
Titagarh Wagons IPO bidding started from Mar 24, 2008 and ended on Mar 27, 2008. The shares got listed on BSE, NSE on Apr 21, 2008.
Titagarh Wagons IPO price band is set at ₹540 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹6,100 (10 shares) (based on upper price). The lot size investment for sNII is 38 lots (380 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (1,860 shares), amounting to ₹10,04,400.
The issue includes a reservation of up to 15,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Titagarh Wagons IPO RHP for detailed Information.
IPO Open
Mon, Mar 24, 2008
IPO Close
Thu, Mar 27, 2008
Issue Price
₹540 per share
Market Cap (Pre-IPO)
₹995.87 Cr
| IPO Date | 24 to 27 Mar, 2008 |
| Listed on | Mon, Apr 21, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹540 to ₹610 |
| Issue Price | ₹540 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 23,83,768 shares (agg. up to ₹129 Cr) |
| Fresh Issue | 20,68,111 shares (agg. up to ₹112 Cr) |
| Offer for Sale | 3,15,657 shares of ₹10 (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,63,74,004 shares |
| Share Holding Post Issue | 1,84,42,115 shares |
| BSE Script Code / NSE Symbol | 532966 / TITAGARH |
| ISIN | INE615H01020 |
Titagarh Wagons IPO comprises a total issue size of 23,83,768 shares. The net offer to the public is 23,68,768 shares, after excluding 15,000 shares under a preferential allotment. Of the Net offer 14,21,261 (60.00%) are allocated to QIB, 2,36,877 (10.00%) allocated to NII 7,10,630 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 14,21,261 | 60.00% | 59.62% | NA |
| NII (HNI) Shares Offered | 2,36,877 | 10.00% | 9.94% | NA |
| Retail Shares Offered | 7,10,630 | 30.00% | 29.81% | 71,063 |
| Preferential Reservations | ||||
| Employee Shares Offered | 15,000 | 0.63% | NA | |
| Total Shares Offered | 23,83,768 | 100.00% | 100.00% | |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10 | ₹5,400 |
| Retail (Max) | 37 | 370 | ₹1,99,800 |
| S-HNI (Min) | 38 | 380 | ₹2,05,200 |
| S-HNI (Max) | 185 | 1,850 | ₹9,99,000 |
| B-HNI (Min) | 186 | 1,860 | ₹10,04,400 |
| 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 1997, Titagarh Wagons Limited is one of the leading private sector wagon manufacturers in India. It is in the business of manufacturing railway wagons, Bailey bridges, Heavy Earth Moving and Mining equipment, steel and SG iron castings of moderate to complex configuration etc.
They also manufacture other products for the Indian defence establishment, such as special purpose wagons, shelters and other engineering equipments. They had approximately 16.9% market share in the wagon manufacturing segment in Fiscal 2006, which has further increased to approximately 22.1% in Fiscal 2007.
Titagarh Wagons Limited are the only private sector company registered with the Ministry of Defence, Government of India to manufacture Bailey bridges and other related accessories in India. Titagarh Wagons Limited aspires to be a leader as a manufacturer of heavy engineering equipment and a world-class service provider for the infrastructure sector. They operate two manufacturing facilities located at Titagarh and Uttarpara, in West Bengal.
| 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 | Set up an EMU manufacturing facility at the Uttarpara unit | 18.74 |
| 2 | Modernize and expand the existing facilities at the Titagarh and Uttarpara units | 18.84 |
| 3 | Set up an axle machining and wheelset assembly facility at the Uttarpara unit | 12.93 |
| 4 | Construct a corporate office and a research and development centre | 7.00 |
| 5 | Strategic acquisition or investments | 12.50 |
| 6 | Brand building exercise | 2.00 |
| 7 | General corporate purposes | 31.15 |
| 8 | Issue expenses | 8.51 |
| KPI | |
|---|---|
| RoNW | 28% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 56.77% | 49.25% |
| Market Cap | ₹995.87 Cr. |
The Titagarh Wagons IPO is subscribed 6.75 times on March 27, 2008 5:00:00 PM (Day 4). The public issue subscribed 0.98 times in the retail category, 10.37 times in the QIB category, and 2.77 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 | 3.78 |
| 2 | IPO Grading Fees | 0.06 |
| 3 | Advertisement & Marketing expenses | 1.48 |
| 4 | Printing, stationery including transportation of the same | 1.54 |
| 5 | Others (Registrar’s fees, Legal fees, listing fees, etc.) | 1.64 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹540.00 | ₹540.00 |
| Open | ₹550.00 | ₹540.00 |
| Low | ₹550.00 | ₹540.00 |
| High | ₹734.40 | ₹734.70 |
| Last Trade | ₹707.20 | ₹706.85 |
Lead Manager Reports
Titagarh Wagons IPO is a main-board IPO of 23,83,768 equity shares of the face value of ₹10 aggregating up to ₹129 Crores. The issue is priced at ₹540 per share. The minimum order quantity is 10.
The IPO opens on Mon, Mar 24, 2008, and closes on Thu, Mar 27, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Titagarh Wagons IPO using UPI as a payment gateway. Zerodha customers can apply in Titagarh Wagons IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Titagarh Wagons IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Titagarh Wagons IPO opens on Mon, Mar 24, 2008 and closes on Thu, Mar 27, 2008.
Titagarh Wagons IPO lot size is 10, and the minimum amount required for application is ₹5,400.
You can apply in Titagarh Wagons 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 Titagarh Wagons IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Titagarh Wagons IPO allotment status.
The Titagarh Wagons IPO listing date is on Mon, Apr 21, 2008.
