Bookbuilding IPO | ₹18 Cr | Listed at NSE SME | Fri, Sep 15, 2017 - Tue, Sep 19, 2017
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,29,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 15, 2017
IPO Close
Tue, Sep 19, 2017
Issue Price
₹43 per share
Market Cap (Pre-IPO)
₹67.73 Cr
| IPO Date | 15 to 19 Sep, 2017 |
| Listed on | Wed, Sep 27, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹43 |
| Issue Price | ₹43 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,51,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 2,19,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.9417 Cr) |
| Fresh Issue (Ex Market Maker) | 40,32,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 40,32,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,15,00,000 shares |
| Share Holding Post Issue | 1,57,51,000 shares |
| NSE Symbol | WORTHPERI |
| ISIN | INE196Y01018 |
Worth Peripherals IPO comprises a total issue size of 42,51,000 shares. The net offer to the public is 40,32,000 shares, after excluding 2,19,000 shares allotted on a firm basis. Of the Net offer 20,16,000 (50.00%) allocated to NII 20,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,16,000 | 50.00% | 47.42% |
| Retail Shares Offered | 20,16,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,19,000 | 5.15% | |
| Total Shares Offered | 42,51,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Worth Peripherals IPO is subscribed 2.62 times on September 18, 2017 5:00:00 PM (Day 2). The public issue subscribed 3.25 times in the retail category, [.] times in the QIB category, and 1.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.77 | 21,25,500 | 37,68,000 |
| Retail | 3.25 | 21,25,500 | 69,15,000 |
| Total | 2.62 | 42,51,000 | 1,11,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 1.40 |
| 2 | Advertising and marketing expenses | 0.01 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Brokerage and selling commission payable to Registered Brokers | 0.05 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.01 |
| 6 | Others (listing fees, legal fees, stationery charges, bankers to the Issue, auditor‘s fees etc.) | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹43.00 |
| Open | ₹51.60 |
| Low | ₹51.60 |
| High | ₹51.60 |
| Last Trade | ₹51.60 |
Lead Manager Reports
Worth Peripherals IPO is a SME IPO of 42,51,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹43 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 15, 2017, and closes on Tue, Sep 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 Fri, Sep 15, 2017 and closes on Tue, Sep 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 Wed, Sep 27, 2017.
