Fixed Price IPO | ₹1 Cr | Listed at BSE SME | Wed, Feb 3, 2016 - Fri, Feb 5, 2016
Vidli Restaurants IPO is a fixed price issue of ₹1.31 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹1.31 crore.
Vidli Restaurants IPO bidding started from Feb 3, 2016 and ended on Feb 5, 2016. The shares got listed on BSE SME on Feb 15, 2016.
Vidli Restaurants IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is BCB Brokerage Pvt.Ltd..
Refer to Vidli Restaurants IPO RHP for detailed Information.
IPO Open
Wed, Feb 3, 2016
IPO Close
Fri, Feb 5, 2016
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹4.33 Cr
| IPO Date | 3 to 5 Feb, 2016 |
| Listed on | Mon, Feb 15, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,10,000 shares (agg. up to ₹1 Cr) |
| Reserved for Market Maker | 70,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.0700 Cr) |
| Fresh Issue (Ex Market Maker) | 12,40,000 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 12,40,000 shares (agg. up to ₹1 Cr) |
| Share Holding Pre Issue | 30,20,000 shares |
| Share Holding Post Issue | 43,30,000 shares |
| BSE Script Code | 539659 |
| ISIN | INE564S01019 |
Vidli Restaurants IPO comprises a total issue size of 13,10,000 shares. The net offer to the public is 12,40,000 shares, after excluding 70,000 shares allotted on a firm basis. Of the Net offer 6,20,000 (50.00%) allocated to NII 6,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,20,000 | 50.00% | 47.33% |
| Retail Shares Offered | 6,20,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 5.34% | |
| Total Shares Offered | 13,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Vidli Restaurant Ltd. (VRL) is a "Kamats" group company running chains of restaurants serving hygienic standardize food items in a quick serve format at various outlets on national highways, state highways and cities. The group is known for its brands "Vithal Kamat" and' Kamats'. The company has entered into Master Franchisee agreement in last August with MNM group for a period of 5 years wherein the said group would have exclusive rights to give franchisee in Gujarat region.
The Company started its operations in November 2013. Since then, the company started expanding its restaurant chain and concentrated on standardising its products and services through centralised purchasing and training system. As on December 31, 2015 it had 39 restaurants in western and central territories on major highways.
Company largely targets affordable segment of the market through our outlets. Presently, our operations are categorised into family dining, khaojao and kamat's cornermodel.
| 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 establishment of new food joints | 1.04 |
| 2 | General Corporate Purposes | 0.04 |
| 3 | Issue Expenses | 0.36 |
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 | Payment to Merchant Banker including underwriting and selling commissions and other IPO intermediaries | 0.27 |
| 2 | Regulatory fees and expenses | 0.03 |
| 3 | Other Expenses (Printing and Stationery, advertisements, auditor‘s fees etc.) | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹12.00 |
| High | ₹12.00 |
| Last Trade | ₹12.00 |
Lead Manager Reports
Vidli Restaurants IPO is a SME IPO of 13,10,000 equity shares of the face value of ₹10 aggregating up to ₹1 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Feb 3, 2016, and closes on Fri, Feb 5, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vidli Restaurants IPO using UPI as a payment gateway. Zerodha customers can apply in Vidli Restaurants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vidli Restaurants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vidli Restaurants IPO opens on Wed, Feb 3, 2016 and closes on Fri, Feb 5, 2016.
Vidli Restaurants IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Vidli Restaurants 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 Vidli Restaurants IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vidli Restaurants IPO allotment status.
The Vidli Restaurants IPO listing date is on Mon, Feb 15, 2016.
