Bookbuilding IPO | ₹48 Cr | Listed at BSE, NSE | Fri, Feb 1, 2008 - Tue, Feb 5, 2008
Tulsi Extrusions IPO is a book build issue of ₹48.45 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹48.45 crore.
Tulsi Extrusions IPO bidding started from Feb 1, 2008 and ended on Feb 5, 2008. The shares got listed on BSE, NSE on Feb 25, 2008.
Tulsi Extrusions IPO price band is set at ₹85 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹6,375 (75 shares) (based on upper price). The lot size investment for sNII is 32 lots (2,400 shares), amounting to ₹2,04,000, and for bNII, it is 157 lots (11,775 shares), amounting to ₹10,00,875.
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.
Almondz Global Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tulsi Extrusions IPO RHP for detailed Information.
IPO Open
Fri, Feb 1, 2008
IPO Close
Tue, Feb 5, 2008
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹106.21 Cr
| IPO Date | 1 to 5 Feb, 2008 |
| Listed on | Mon, Feb 25, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 57,00,000 shares (agg. up to ₹48 Cr) |
| Fresh Issue | 57,00,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 67,95,100 shares |
| Share Holding Post Issue | 1,24,95,100 shares |
| BSE Script Code / NSE Symbol | 532948 / TULSI |
| ISIN | INE474I01012 |
Tulsi Extrusions IPO comprises a total issue size of 57,00,000 shares. The net offer to the public is 56,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 28,00,000 (50.00%) are allocated to QIB, 8,40,000 (15.00%) allocated to NII 19,60,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 28,00,000 | 50.00% | 49.12% | NA |
| NII (HNI) Shares Offered | 8,40,000 | 15.00% | 14.74% | NA |
| Retail Shares Offered | 19,60,000 | 35.00% | 34.39% | 26,133 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 1.75% | NA | |
| Total Shares Offered | 57,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹6,375 |
| Retail (Max) | 31 | 2,325 | ₹1,97,625 |
| S-HNI (Min) | 32 | 2,400 | ₹2,04,000 |
| S-HNI (Max) | 156 | 11,700 | ₹9,94,500 |
| B-HNI (Min) | 157 | 11,775 | ₹10,00,875 |
| 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 1994, Tulsi Extrusions Limited is a manufacture of various types of PVC pipes and fabricated fittings. They have also procured one elastomeric sealing machine along with mandrels enabling to manufacture elastomeric sealing pipes. Compant sell their products under brand name “Tulsi”. They have ISO 9001:2000 certificate in respect of quality management systems since 2002. Company has marketing presence in the states of Maharashtra, Madhya Pradesh, Chattisgarh, West Bengal and Rajasthan.
The PVC pipe products manufactured by Company are to suit the requirements of application in agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, bore well for underground water suction, etc., ranging from 20 mm diameter to 315 mm diameters in all pressure ratings.
Pursuant to the take-over of the specified assets and liabilities of M/s. Tulsi Pipe Industries, Narvada Industries and Gopal Extrusions Private Limited, Company’s manufacturing facilities are being operated at three different locations in MIDC, Jalgaon, Maharashtra. The total installed capacity as on March 31, 2007 is now 10,483 metric tonnes for PVC pipes & fabricated fittings.
| 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 the manufacturing facilities at Jalgaon, Maharashtra | 27.28 |
| 2 | Meeting long term working capital requirements | 11.80 |
| 3 | Purchase of branch offices | 4.15 |
| 4 | Provision for Contingencies | 0.28 |
| 5 | General Corporate purposes | 10.45 |
| 6 | Issue Expenses | 5.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 54.38% |
| Market Cap | ₹106.21 Cr. |
The Tulsi IPO is subscribed 2 times on February 5, 2008 5:00:00 PM (Day 3). The public issue subscribed 2.46 times in the retail category, 1.54 times in the QIB category, and 3.11 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 fee and underwriting commissions | 0.00 |
| 2 | Advertising and Marketing expenses | 0.00 |
| 3 | Printing and stationery | 0.00 |
| 4 | IPO Grading Fees | 0.00 |
| 5 | Others (Monitoring agency fees, Registrars fee, legal fee, etc.) | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹85.00 | ₹85.00 |
| Open | ₹93.45 | ₹99.00 |
| Low | ₹93.45 | ₹99.00 |
| High | ₹143.45 | ₹144.50 |
| Last Trade | ₹139.50 | ₹140.85 |
Lead Manager Reports
Tulsi Extrusions IPO is a main-board IPO of 57,00,000 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 75.
The IPO opens on Fri, Feb 1, 2008, and closes on Tue, Feb 5, 2008.
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 Tulsi Extrusions IPO using UPI as a payment gateway. Zerodha customers can apply in Tulsi Extrusions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tulsi Extrusions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tulsi Extrusions IPO opens on Fri, Feb 1, 2008 and closes on Tue, Feb 5, 2008.
Tulsi Extrusions IPO lot size is 75, and the minimum amount required for application is ₹6,375.
You can apply in Tulsi Extrusions 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 Tulsi Extrusions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tulsi Extrusions IPO allotment status.
The Tulsi Extrusions IPO listing date is on Mon, Feb 25, 2008.
