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Worth Peripherals IPO is a book build issue of ₹18.28 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹18.28 crore.
Worth Peripherals IPO bidding started from Sep 15, 2017 and ended on Sep 19, 2017. The shares got listed on NSE SME on Sep 27, 2017.
Worth Peripherals IPO price band is set at ₹43.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,58,000.
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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Worth Peripherals IPO RHP for detailed Information.
| IPO Date | September 15, 2017 to September 19, 2017 |
| Listing Date | September 27, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹40 to ₹43 per share |
| Issue Price Final | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,51,000 shares (aggregating up to ₹18.28 Cr) |
| Reserved for Market Maker | 2,19,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.9417 Cr) |
| Net Offered to Public | 40,32,000 shares (aggregating up to ₹17.34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,15,00,000 shares |
| Share Holding Post Issue | 1,57,51,000 shares |
Worth Peripherals IPO offers total 42,51,000 shares. Out of which 20,16,000 (47.42%) allocated to NII, 20,16,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,19,000 (5.15%) |
| NII (HNI) Shares Offered | 20,16,000 (47.42%) |
| Retail Shares Offered | 20,16,000 (47.42%) |
| Total Shares Offered | 42,51,000 (100.00%) |
Worth Peripherals IPO opens on September 15, 2017, and closes on September 19, 2017.
| IPO Open Date | Fri, Sep 15, 2017 |
| IPO Close Date | Tue, Sep 19, 2017 |
| Tentative Listing Date | Wed, Sep 27, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 19, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,29,000 |
| Retail (Max) | 1 | 3,000 | ₹1,29,000 |
| HNI (Min) | 2 | 6,000 | ₹2,58,000 |
Incorporated in 1996, Worth Peripherals Limited engaged in manufactures and sells of corrugated boxes. The company offers regular slotted containers, die cut corrugated boxes/trays, multi-color corrugated boxes and Z sleeve, I/honeycomb partitions. They are ISO 9001:2008 and FSC certified company which serves clients in FMCG sector.
Company’s both manufacturing units are located at Pithampur, Dhar, Indore (MP). It has fully automated plant that can have multi colour (up to 6 colours) printing. With growth in the retail, pharma, breweries, textile sectors, opportunity for growth in packaging industries has increased and thus Company aims to tap these markets for further marketing and supply. Indian packaging industry is currently valued at Rs. 85000 crore and is growing at an annual rate of 15 per cent plus. Sector is expected to be triple in next five years.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 8124.79 | 8571.20 | 6154.24 | 5449.23 | 4477.35 | |
| Total Revenue | 13214.73 | 12740.00 | 10778.41 | 8423.23 | 5935.17 | |
| Profit After Tax | 731.65 | 646.62 | 601.63 | 515.04 | 345.76 | |
The Company Worth Peripherals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase of Plant & Machinery | 4.75 |
| 2 | Repayment/prepayment of all or certain of the borrowings availed of by the Company | 3.00 |
| 3 | Funding working capital requirements of the company | 6.10 |
| 4 | General Corporate Purposes | 2.93 |
[Dilip Davda] Listed companies in packaging industry are trading at a P/E of over 62 plus. This issue appears priced reasonably. Investment may be considered for medium to long term. Read detail review...
| Listing Date | September 27, 2017 |
| BSE Script Code | |
| NSE Symbol | WORTH |
| ISIN | INE196Y01018 |
| Final Issue Price | ₹43 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹51.60 |
| Low | ₹51.60 |
| High | ₹51.60 |
| Last Trade | ₹51.60 |
Worth Peripherals Ltd.
102,
Sanskriti Apt 44,
Saket Nagar,
Indore, Madhya Pradesh, 452018
Phone: +91-0731-2560267
Email: investors@worthindia.com
Website: http://www.worthindia.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Worth Peripherals IPO is a SME IPO of 42,51,000 equity shares of the face value of ₹10 aggregating up to ₹18.28 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on September 15, 2017, and closes on September 19, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Worth Peripherals IPO using UPI as a payment gateway. Zerodha customers can apply in Worth Peripherals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Worth Peripherals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Worth Peripherals IPO opens on September 15, 2017 and closes on September 19, 2017.
Worth Peripherals IPO lot size is 3000, and the minimum amount required for application is ₹1,29,000.
You can apply in Worth Peripherals 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 Worth Peripherals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Worth Peripherals IPO allotment status.
The Worth Peripherals IPO listing date is on Wednesday, September 27, 2017.
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