Bookbuilding FPO | ₹90 Cr | Listed at BSE | Thu, Feb 8, 2007 - Mon, Feb 19, 2007
Vijayeswari Textiles FPO is a book build issue of ₹90.00 crores. The issue is entirely a fresh issue of 0.90 crore shares of ₹90.00 crore.
Vijayeswari Textiles FPO bidding started from Feb 8, 2007 and ended on Feb 19, 2007. The shares got listed on BSE on Mar 9, 2007.
Vijayeswari Textiles FPO price band is set at ₹100 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹5,750 (50 shares) (based on upper price). The lot size investment for sNII is 41 lots (2,050 shares), amounting to ₹2,05,000, and for bNII, it is 201 lots (10,050 shares), amounting to ₹10,05,000.
IDBI Capital Markets Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Vijayeswari Textiles FPO RHP for detailed Information.
FPO Open
Thu, Feb 8, 2007
FPO Close
Mon, Feb 19, 2007
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹181.69 Cr
| IPO Date | 8 to 19 Feb, 2007 |
| Listed on | Fri, Mar 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹115 |
| Issue Price | ₹100 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 90,00,000 shares (agg. up to ₹90 Cr) |
| Fresh Issue | 90,00,000 shares (agg. up to ₹90 Cr) |
| Share Holding Pre Issue | 91,69,240 shares |
| Share Holding Post Issue | 1,81,69,240 shares |
| BSE Script Code | 532824 VTXIND |
| ISIN | INE119G01025 |
Vijayeswari Textiles FPO comprises a total issue size of 90,00,000 shares. Out of which, 45,00,000 (50.00%) are allocated to QIB, 13,50,000 (15.00%) allocated to NII 31,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 45,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 13,50,000 | 15.00% | NA |
| Retail Shares Offered | 31,50,000 | 35.00% | 63,000 |
| Total Shares Offered | 90,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹5,000 |
| Retail (Max) | 40 | 2,000 | ₹2,00,000 |
| S-HNI (Min) | 41 | 2,050 | ₹2,05,000 |
| S-HNI (Max) | 200 | 10,000 | ₹10,00,000 |
| B-HNI (Min) | 201 | 10,050 | ₹10,05,000 |
Incorporated in 1953, Vijayeswari Textiles Limited is engaged in production and sales of super fine cotton yarns and textile made-ups. The entire production of made-ups is exported to some of the world’s leading retailers such as Macy’s, Kohl’s, Laura Ashley and T.J. Maxx and H. Goods. The Company has also entered the branded arena with ingredient brands, GossamerCottonTM and GenuisaCottonTM
Vijayeswari Textiles has in-house integrated facilities covering spinning, weaving, processing, sewing and design and product development. The existing spinning unit of the Company, situated at Puliampatti, Pollachi Taluk has an installed capacity of 46,004 spindles. The weaving facility at Arakulam, Palladam Taluk, has an installed capacity of 84 looms, out of which 18 looms are owned by the Company.The processing division of the Company has a capacity of 15,000 metres per day and is located at SIPCOT Industrial Growth Centre, Perundurai. The sewing activities located at Kuniamuthur, Coimbatore.
| 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 | Land and Site Development | 6.78 |
| 2 | Building and other amenities | 31.85 |
| 3 | Plant & Machinery: a. Imported | 91.40 |
| 4 | Plant & Machinery: b. Indigenous | 67.62 |
| 5 | Cost of Wind Mill | 28.50 |
| 6 | Assets to be acquired from Promoter Group | 8.00 |
| 7 | Provision for Contingencies | 12.40 |
| 8 | Pre-operative expenses | 10.53 |
| 9 | Issue expenses | 8.55 |
| 10 | Margin for Working Capital | 19.17 |
The Vijayeswari Textiles IPO is subscribed 1.1 times on February 19, 2007 5:00:00 PM (Day 7). The public issue subscribed 0.26 times in the retail category, 1 times in the QIB category, and 3.37 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, underwriting and selling commission | 3.15 |
| 2 | Advertising and marketing expenses | 2.40 |
| 3 | Printing and stationery | 1.50 |
| 4 | Others (Registrar’s fee, legal fee, listing fee, etc.) | 1.50 |
Book Running Lead Manager to the issue has informed the Exchange that the issue will close on February 19, 2007 instead of the earlier closing day of February 13, 2007. Further price band has been revised from Rs.115/- to Rs.130/- per share to Rs.100/- to Rs.115/- per share.
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹90.05 |
| Low | ₹65.00 |
| High | ₹90.05 |
| Last Trade | ₹68.95 |
Lead Manager Reports
Vijayeswari Textiles FPO is a main-board FPO of 90,00,000 equity shares of the face value of ₹10 aggregating up to ₹90 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 50.
The FPO opens on Thu, Feb 8, 2007, and closes on Mon, Feb 19, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Vijayeswari Textiles FPO using UPI as a payment gateway. Zerodha customers can apply in Vijayeswari Textiles FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vijayeswari Textiles FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vijayeswari Textiles FPO opens on Thu, Feb 8, 2007 and closes on Mon, Feb 19, 2007.
Vijayeswari Textiles FPO lot size is 50, and the minimum amount required for application is ₹5,000.
You can apply in Vijayeswari Textiles FPO 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 Vijayeswari Textiles FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vijayeswari Textiles FPO allotment status.
The Vijayeswari Textiles FPO listing date is on Fri, Mar 9, 2007.
