Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Mon, Sep 28, 2015 - Thu, Oct 1, 2015
Vaksons Automobiles IPO is a fixed price issue of ₹6.24 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹6.24 crore.
Vaksons Automobiles IPO bidding started from Sep 28, 2015 and ended on Oct 1, 2015. The shares got listed on BSE SME on Oct 16, 2015.
Vaksons Automobiles IPO price is ₹26 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Vaksons Automobiles IPO RHP for detailed Information.
IPO Open
Mon, Sep 28, 2015
IPO Close
Thu, Oct 1, 2015
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹17.10 Cr
| IPO Date | 28 Sep to 1 Oct, 2015 |
| Listed on | Fri, Oct 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,28,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3328 Cr) |
| Fresh Issue (Ex Market Maker) | 22,72,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 22,72,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 41,75,300 shares |
| Share Holding Post Issue | 65,75,300 shares |
| BSE Script Code | 539402 |
| ISIN | INE256S01012 |
Vaksons Automobiles IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,72,000 shares, after excluding 1,28,000 shares allotted on a firm basis. Of the Net offer 11,36,000 (50.00%) allocated to NII 11,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,36,000 | 50.00% | 47.33% |
| Retail Shares Offered | 11,36,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,28,000 | 5.33% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Vaksons Automobiles is an authorised dealer for Force Motors Ltd. The Company sells and services Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), and Small Commercial Vehicles (SCV Vehicles).
Vaksons Automobiles has 3 showrooms of Force Motors at Sonepat, Panipat and Gohana within the state of Haryana. Company also has in-house service centre at Sonepat for the servicing and other after-sales needs.
Apart from the vehicle dealership business, Vaksons Automobiles have also been involved in trading of vehicle spare parts and utilities of branded as well as generic products forming part of the auto value chain.
Vaksons Automobiles have recently incorporated a subsidiary company in the name and style of 'Vaksons Metaplast Pvt. Ltd.' in order to undertake trading in auto parts, HDPE and LDPE polymer, aluminium scrap, and other metal and plastic items on a larger scale.
| 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 | Finance the setting up of Vehicle Service Centre at Sonepat, Haryana | 0.51 |
| 2 | Meet Long Term Working Capital Requirements of the company | 3.01 |
| 3 | Invest in the subsidiary company –Vaksons Metaplast Pvt. Ltd | 1.83 |
| 4 | Land Registration | 0.35 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.42 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 3 | Advertisement and Marketing Expenses | 0.02 |
| 4 | Regulatory and other Expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹26.25 |
| Low | ₹26.25 |
| High | ₹27.00 |
| Last Trade | ₹27.00 |
Lead Manager Reports
Vaksons Automobiles IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 28, 2015, and closes on Thu, Oct 1, 2015.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vaksons Automobiles IPO using UPI as a payment gateway. Zerodha customers can apply in Vaksons Automobiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vaksons Automobiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vaksons Automobiles IPO opens on Mon, Sep 28, 2015 and closes on Thu, Oct 1, 2015.
Vaksons Automobiles IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Vaksons Automobiles 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 Vaksons Automobiles IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vaksons Automobiles IPO allotment status.
The Vaksons Automobiles IPO listing date is on Fri, Oct 16, 2015.
