Bookbuilding IPO | ₹473 Cr | Listed at BSE, NSE | Wed, Sep 22, 2010 - Mon, Sep 27, 2010
VA Tech Wabag IPO is a book build issue of ₹472.59 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹125.00 crores and offer for sale of 0.27 crore shares aggregating to ₹347.59 crores.
VA Tech Wabag IPO bidding started from Sep 22, 2010 and ended on Sep 27, 2010. The shares got listed on BSE, NSE on Oct 13, 2010.
VA Tech Wabag IPO price band is set at ₹1,310 per share. The lot size for an application is 5. The minimum amount of investment required by an retail is ₹6,550 (5 shares) (based on upper price). The lot size investment for sNII is 31 lots (155 shares), amounting to ₹2,03,050, and for bNII, it is 153 lots (765 shares), amounting to ₹10,02,150.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to VA Tech Wabag IPO RHP for detailed Information.
IPO Open
Wed, Sep 22, 2010
IPO Close
Mon, Sep 27, 2010
Issue Price
₹1310 per share
Market Cap (Pre-IPO)
₹1,374.85 Cr
| IPO Date | 22 to 27 Sep, 2010 |
| Listed on | Wed, Oct 13, 2010 |
| Face Value | ₹5 per share |
| Price Band | ₹1230 to ₹1310 |
| Issue Price | ₹1310 per share |
| Lot Size | 5 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 36,07,581 shares (agg. up to ₹473 Cr) |
| Fresh Issue | 9,54,198 shares (agg. up to ₹125 Cr) |
| Offer for Sale | 26,53,383 shares of ₹5 (agg. up to ₹348 Cr) |
| Share Holding Pre Issue | 95,40,813 shares |
| Share Holding Post Issue | 1,04,95,011 shares |
| BSE Script Code / NSE Symbol | 533269 / WABAG |
| ISIN | INE956G01038 |
VA Tech Wabag IPO comprises a total issue size of 36,07,581 shares. Out of which, 18,03,789 (50.00%) are allocated to QIB, 5,41,138 (15.00%) allocated to NII 12,62,654 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 18,03,789 | 50.00% | NA |
| − Anchor Investor Shares Offered | 5,41,136 | 15.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 12,62,653 | 35.00% | NA |
| NII (HNI) Shares Offered | 5,41,138 | 15.00% | NA |
| Retail Shares Offered | 12,62,654 | 35.00% | 2,52,530 |
| Total Shares Offered | 36,07,581 | 100.00% |
Investors can bid for a minimum of 5 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 5 | ₹6,550 |
| Retail (Max) | 30 | 150 | ₹1,96,500 |
| S-HNI (Min) | 31 | 155 | ₹2,03,050 |
| S-HNI (Max) | 152 | 760 | ₹9,95,600 |
| B-HNI (Min) | 153 | 765 | ₹10,02,150 |
Incorporated in 1996, VA Tech Wabag is one of the world’s leading companies in the water treatment field. WABAG is multinational player provides turn-key solutions for water and waste water treatment to municipal and industrial users. Wabag has market presence in India, the Middle East, North Africa, Central and Eastern Europe, China and South East Asia.
WABAG offers complete life cycle solutions including conceptualization, design, engineering, procurement, supply, installation, construction and O&M services. They provide a range of EPC and O&M solutions for sewage treatment, processed and drinking water treatment, effluents treatment, sludge treatment, desalination and reuse for institutional clients like municipal corporations and companies in the infrastructure sector such as power, steel and oil and gas companies. As at July 2010, Company has executed 113 projects and is currently executing 81 projects.
| 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 | Funding working capital requirements of the Company. | 64.51 |
| 2 | Construction of a corporate office at Chennai | 34.74 |
| 3 | General corporate purposes | 11.05 |
| 4 | Implementation of global IT systems | 8.74 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 34.34% | 31.21% |
| Market Cap | ₹1,374.85 Cr. |
The VA Tech IPO is subscribed 36.22 times on September 27, 2010 8:30:00 PM (Day 4). The public issue subscribed 8.55 times in the retail category, 36.13 times in the QIB category, and 100.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 36.13 | 12,93,684 | |
| NII | 100.98 | 5,50,447 | |
| Retail | 8.55 | 12,84,376 | |
| Total | 36.22 | 31,28,507 |
ICRA has assigned an IPO Grade 4 to VA Tech Wabag Limited IPO. This means as per ICRA company has 'Above Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for VA Tech Wabag Limited.
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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees | 9.72 |
| 2 | Underwriting commission, brokerage and selling commission (including SCSB commission) | 0.80 |
| 3 | Registrar‟s fees | 1.41 |
| 4 | Advertising and marketing | 2.65 |
| 5 | Printing and distribution | 2.00 |
| 6 | Others (SEBI filing fees, bidding software expenses, depository charges, listing fees, fees paid to the IPO Grading agency, fees to the legal advisors, etc.) | 5.92 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,310.00 | ₹1,310.00 |
| Open | ₹1,655.00 | ₹1,500.00 |
| Low | ₹1,651.10 | ₹1,500.00 |
| High | ₹1,806.60 | ₹1,806.80 |
| Last Trade | ₹1,709.40 | ₹1,707.95 |
Lead Manager Reports
VA Tech Wabag IPO is a main-board IPO of 36,07,581 equity shares of the face value of ₹5 aggregating up to ₹473 Crores. The issue is priced at ₹1310 per share. The minimum order quantity is 5.
The IPO opens on Wed, Sep 22, 2010, and closes on Mon, Sep 27, 2010.
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 VA Tech Wabag IPO using UPI as a payment gateway. Zerodha customers can apply in VA Tech Wabag IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VA Tech Wabag IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VA Tech Wabag IPO opens on Wed, Sep 22, 2010 and closes on Mon, Sep 27, 2010.
VA Tech Wabag IPO lot size is 5, and the minimum amount required for application is ₹6,550.
You can apply in VA Tech Wabag 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 VA Tech Wabag IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the VA Tech Wabag IPO allotment status.
The VA Tech Wabag IPO listing date is on Wed, Oct 13, 2010.
