Bookbuilding IPO | ₹31 Cr | Listed at BSE, NSE | Tue, Jan 23, 2007 - Fri, Feb 2, 2007
Transwarranty Finance IPO is a book build issue of ₹31.20 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹31.20 crore.
Transwarranty Finance IPO bidding started from Jan 23, 2007 and ended on Feb 2, 2007. The shares got listed on BSE, NSE on Feb 26, 2007.
Transwarranty Finance IPO price band is set at ₹52 per share. The lot size for an application is 120. The minimum amount of investment required by an retail is ₹6,600 (120 shares) (based on upper price). The lot size investment for sNII is 33 lots (3,960 shares), amounting to ₹2,05,920, and for bNII, it is 161 lots (19,320 shares), amounting to ₹10,04,640.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
IDBI Capital Markets Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Transwarranty Finance IPO RHP for detailed Information.
IPO Open
Tue, Jan 23, 2007
IPO Close
Fri, Feb 2, 2007
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹72.80 Cr
| IPO Date | 23 Jan to 2 Feb, 2007 |
| Listed on | Mon, Feb 26, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹48 to ₹55 |
| Issue Price | ₹52 per share |
| Lot Size | 120 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 60,00,000 shares (agg. up to ₹31 Cr) |
| Fresh Issue | 60,00,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,40,00,000 shares |
| BSE Script Code / NSE Symbol | 532812 / TFL |
| ISIN | INE804H01012 |
Transwarranty Finance IPO comprises a total issue size of 60,00,000 shares. The net offer to the public is 59,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 29,50,000 (50.00%) are allocated to QIB, 8,85,000 (15.00%) allocated to NII 20,65,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 29,50,000 | 50.00% | 49.17% | NA |
| NII (HNI) Shares Offered | 8,85,000 | 15.00% | 14.75% | NA |
| Retail Shares Offered | 20,65,000 | 35.00% | 34.42% | 17,208 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 1.67% | NA | |
| Total Shares Offered | 60,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 120 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹6,240 |
| Retail (Max) | 32 | 3,840 | ₹1,99,680 |
| S-HNI (Min) | 33 | 3,960 | ₹2,05,920 |
| S-HNI (Max) | 160 | 19,200 | ₹9,98,400 |
| B-HNI (Min) | 161 | 19,320 | ₹10,04,640 |
| 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 |
Established in 1994, Transwarranty Finance Limited (TFL) is a Non Banking Financial Services Company (NBFC) with active business in trade finance, corporate finance and investment banking activities.
TFL business line also include corporate advisory services, foreign exchange advisory, financial services BPO to Citi Financial Consumer Finance India Limited, Investment Banking and Wealth Management services to corporates, retail and institutional clients across various cities and towns in India.
TFL revenues comes from three major sources - Corporate Finance, Investment Banking & Advisory Services and Trade Finance.
TFL Subsidiaries:
1. Transwarranty Capital Private Limited (TCPL)
2. Transwarranty Forex & Commodities Private Limited (TFCPL)
3. Transwarranty Credit Care Private Limited (TCCPL)
4. Transwarranty Forex & Commodities DMCC, UAE (TFCD) (Proposed).
| 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 | Expansion of office premises for increasing the scale of operations | 5.00 |
| 2 | Strategic investments or acquisition of companies engaged in the business of financial services and banking | 10.00 |
| 3 | Geographic expansion through opening of regional offices and Overseas Branches | 3.26 |
| 4 | Transwarranty Capital Pvt. Ltd-Technology up-gradation | 1.57 |
| 5 | Transwarranty Capital Pvt. Ltd-Working capital | 5.60 |
| 6 | Transwarranty Forex & Commodities Pvt. Ltd.-Acquisition and activation of NCDEX membership | 0.40 |
| 7 | Transwarranty Forex & Commodities Pvt. Ltd.-Merger of the foreign exchange broking firm-Trans Warrantyy Forex & Derivatives Company | 0.30 |
| 8 | Transwarranty Credit Care Pvt. Ltd.-Activation of Private Equity/Venture Fund registration with SEBI | 0.20 |
| 9 | Transwarranty Forex & Commodities DMCC-UAE-Acquisition and activation of membership in the Dubai Gold & Commodities Exchange | 1.58 |
| 10 | IPO Expenses | 3.30 |
| Total | 31.20 |
| KPI | |
|---|---|
| RoNW | 23.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.16% | 56.09% |
| Market Cap | ₹72.80 Cr. |
The Transwarranty IPO is subscribed 1.59 times on February 2, 2007 5:00:00 PM (Day 7). The public issue subscribed 2.34 times in the retail category, 1.03 times in the QIB category, and 1.87 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 | 0.62 |
| 2 | Underwriting & Selling Commission | 0.23 |
| 3 | Fees payable to Registrar | 0.25 |
| 4 | Legal Advisors & Auditors | 0.29 |
| 5 | Printing, Stationery & Postage | 0.81 |
| 6 | Advertisement and Marketing Other expenses | 1.08 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹52.00 | ₹52.00 |
| Open | ₹60.00 | ₹56.00 |
| Low | ₹46.10 | ₹45.55 |
| High | ₹63.00 | ₹60.90 |
| Last Trade | ₹47.25 | ₹47.45 |
Lead Manager Reports
Transwarranty Finance IPO is a main-board IPO of 60,00,000 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 120.
The IPO opens on Tue, Jan 23, 2007, and closes on Fri, Feb 2, 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 Transwarranty Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Transwarranty Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transwarranty Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transwarranty Finance IPO opens on Tue, Jan 23, 2007 and closes on Fri, Feb 2, 2007.
Transwarranty Finance IPO lot size is 120, and the minimum amount required for application is ₹6,240.
You can apply in Transwarranty Finance 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 Transwarranty Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Transwarranty Finance IPO allotment status.
The Transwarranty Finance IPO listing date is on Mon, Feb 26, 2007.
