Bookbuilding IPO | ₹66 Cr | Listed at BSE, NSE | Mon, Feb 18, 2008 - Thu, Feb 21, 2008
V-Guard Industries IPO is a book build issue of ₹65.60 crores. The issue is entirely a fresh issue of 0.80 crore shares of ₹65.60 crore.
V-Guard Industries IPO bidding started from Feb 18, 2008 and ended on Feb 21, 2008. The shares got listed on BSE, NSE on Mar 13, 2008.
V-Guard Industries IPO price band is set at ₹82 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,800 (80 shares) (based on upper price). The lot size investment for sNII is 31 lots (2,480 shares), amounting to ₹2,03,360, and for bNII, it is 153 lots (12,240 shares), amounting to ₹10,03,680.
The issue includes a reservation of up to 4,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to V-Guard Industries IPO RHP for detailed Information.
IPO Open
Mon, Feb 18, 2008
IPO Close
Thu, Feb 21, 2008
Issue Price
₹82 per share
Market Cap (Pre-IPO)
₹244.75 Cr
| IPO Date | 18 to 21 Feb, 2008 |
| Listed on | Thu, Mar 13, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹82 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 80,00,000 shares (agg. up to ₹66 Cr) |
| Fresh Issue | 80,00,000 shares (agg. up to ₹66 Cr) |
| Share Holding Pre Issue | 2,18,47,520 shares |
| Share Holding Post Issue | 2,98,47,520 shares |
| BSE Script Code / NSE Symbol | 532953 / VGUARD |
| ISIN | INE951I01019 |
V-Guard Industries IPO comprises a total issue size of 80,00,000 shares. The net offer to the public is 76,00,000 shares, after excluding 4,00,000 shares under a preferential allotment. Of the Net offer 38,00,000 (50.00%) are allocated to QIB, 11,40,000 (15.00%) allocated to NII 26,60,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 38,00,000 | 50.00% | 47.50% | NA |
| NII (HNI) Shares Offered | 11,40,000 | 15.00% | 14.25% | NA |
| Retail Shares Offered | 26,60,000 | 35.00% | 33.25% | 33,250 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,00,000 | 5.00% | NA | |
| Total Shares Offered | 80,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,560 |
| Retail (Max) | 30 | 2,400 | ₹1,96,800 |
| S-HNI (Min) | 31 | 2,480 | ₹2,03,360 |
| S-HNI (Max) | 152 | 12,160 | ₹9,97,120 |
| B-HNI (Min) | 153 | 12,240 | ₹10,03,680 |
| 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 1996, V-Guard Industries Limited is in the manufacturing and marketing of various electrical and electronic products.
V-Guard presently have sixteen branches including head office located in Cochin, spread across 12 states and the Union Territory of Delhi. They have recently ventured into states of Maharashtra, Haryana, Madhya Pradesh, Orissa, Himachal Pradesh, Chattisgarh, Uttar Pradesh and Gujarat.
Products marketed under the brand name ‘V-GUARD’ are:
1. Electronic Voltage Stabilizers
2. Monobloc, Jet, Submersible pumps and Electric Motors
3. Insulated Electrical Cables (House Wiring & Industrial)
4. Electric Storage & Instant Water Heaters
5. Solar Water Heaters
6. UPS
7. Electric Fans
8. Generation of power through wind mills.
| 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 facilities for Cable manufacturing in Coimbatore and Uttaranchal | 44.78 |
| 2 | Setting up of Enameling plant at Coimbatore | 9.05 |
| 3 | Setting up Development and Pilot Production Plants for water Heaters, Fans and Pumps at Himachal Pradesh and Coimbatore | 5.67 |
| 4 | Investment for setting up Service and Distribution Centres at Bangalore, Hubli and Vijaywada | 9.57 |
| 5 | Issue Management Expenses | 4.87 |
| KPI | |
|---|---|
| RoNW | 48.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.85% | 66.51% |
| Market Cap | ₹244.75 Cr. |
The V-Guard IPO is subscribed 2.7 times on February 21, 2008 5:00:00 PM (Day 4). The public issue subscribed 4.24 times in the retail category, 1.74 times in the QIB category, and 2.92 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 | Fees to Book Running Lead Manager | 0.74 |
| 2 | Fees to Registrar to the Issue | 0.11 |
| 3 | Fees to Legal Advisors to the Issue | 0.08 |
| 4 | Fees to Auditors | 0.15 |
| 5 | Underwriting & Selling Commission | 1.29 |
| 6 | Printing and Stationery | 1.21 |
| 7 | Advertising Expenses | 1.00 |
| 8 | IPO Grading Expenses | 0.06 |
| 9 | Other Expenses (including filing fees, listing fees, depository charges etc) | 0.22 |
| 10 | Contingencies | 0.01 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹82.00 | ₹82.00 |
| Open | ₹82.15 | ₹90.00 |
| Low | ₹70.70 | ₹72.60 |
| High | ₹98.90 | ₹98.95 |
| Last Trade | ₹73.45 | ₹75.95 |
Lead Manager Reports
V-Guard Industries IPO is a main-board IPO of 80,00,000 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 80.
The IPO opens on Mon, Feb 18, 2008, and closes on Thu, Feb 21, 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 V-Guard Industries IPO using UPI as a payment gateway. Zerodha customers can apply in V-Guard Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V-Guard Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V-Guard Industries IPO opens on Mon, Feb 18, 2008 and closes on Thu, Feb 21, 2008.
V-Guard Industries IPO lot size is 80, and the minimum amount required for application is ₹6,560.
You can apply in V-Guard Industries 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 V-Guard Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the V-Guard Industries IPO allotment status.
The V-Guard Industries IPO listing date is on Thu, Mar 13, 2008.
