Bookbuilding IPO | ₹59 Cr | Listed at BSE, NSE | Mon, Dec 4, 2006 - Thu, Dec 7, 2006
XL Telecom IPO is a book build issue of ₹59.37 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹59.37 crore.
XL Telecom IPO bidding started from Dec 4, 2006 and ended on Dec 7, 2006. The shares got listed on the NSE and the BSE on Dec 28, 2006.
XL Telecom IPO is set final issue price at ₹150 per share. The lot size for an application is 45 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,750 (45 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,350 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (6,705 shares), amounting to ₹10,05,750.
Anand Rathi Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to XL Telecom IPO RHP for detailed Information.
IPO Open
Mon, Dec 4, 2006
IPO Close
Thu, Dec 7, 2006
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹217.52 Cr
| IPO Date | 4 to 7 Dec, 2006 |
| Listed on | Thu, Dec 28, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 39,58,224 shares (agg. up to ₹59 Cr) |
| Fresh Issue | 39,58,224 shares (agg. up to ₹59 Cr) |
| Share Holding Pre Issue | 1,05,43,192 shares |
| Share Holding Post Issue | 1,45,01,416 shares |
| BSE Script Code / NSE Symbol | 532788 / XLENERGY |
| ISIN | INE183H01011 |
XL Telecom IPO comprises a total issue size of 39,56,808 shares. The net offer to the public is 37,80,000 shares, after excluding 1,76,808 shares under a preferential allotment. Of the Net offer 18,90,000 (50.00%) are allocated to QIB, 5,67,000 (15.00%) allocated to NII 13,23,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 18,90,000 | 50.00% | 47.77% | NA |
| NII (HNI) Shares Offered | 5,67,000 | 15.00% | 14.33% | NA |
| Retail Shares Offered | 13,23,000 | 35.00% | 33.44% | 29,400 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,76,808 | 4.47% | NA | |
| Total Shares Offered | 39,56,808 | 100.00% | 100.00% | |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (Max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (Min) | 149 | 6,705 | ₹10,05,750 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1985 as "XL Cable Splices Private Limited", XL Telecom Ltd operates through three strategic business units:
1. Telecom – Mobile Handsets, SMPS etc.
A. CDMA Mobile Handset Manufacturing:
XL has partnered with International Brand KYOCERA for establishing an assembly unit for CDMA Mobile Handsets. XL has currently installed capacity of over 3 Million Handsets per annum.
XL has plans to grab around 10% Market share both in the low end high growth Mobile handset segment sold through volume sales to Telecom carriers and Higher-end mobile phones through Open market operations in next 3 to 5 years.
XL Telecom Major Customers: BSNL, MTNL, TATA and Reliance
XL Telecom Competitors: LG and Samsung.
B. SMPS Power Systems:
With the help of SMPS De Austria in the year 2000, XL established manufacturing facility of SMPS Power Systems in India. XL has full range of power systems needed by several Telecom Operators like BSNL, MTNL, Reliance, Bharti etc.. XL has 10 to 20% of market share in India's SMPS Power Systems market from last 5 years.
C. Outside Plant Accessories:
XL has been supplier of outside plant accessories for telecom industry for over 2 decades with a market share of about 40% in Jointing Kit business. XL is also involved in manufacturing of Optic Fiber Accessories and Fusion Splicer’s.
2. Solar Photovoltaic Systems:
The Solar Photovoltaic Systems division manufactures solar photovoltaic systems, which include solar photovoltaic power plants (standalone and grid based), and solar photovoltaic home and street lighting systems. This division largely cater to BSNL’s Village Public Telephone requirement.
3. Ethanol:
XL established an ethanol manufacturing facility in Nanded, Maharashtra with a capacity of 1,50,000 liters per day.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 144.99 | 72.35 | 57.01 |
| Total Income | 395.29 | 296.91 | 213.94 |
| Profit After Tax | 10.67 | 5.94 | 2.48 |
| NET Worth | 78.60 | 29.50 | 22.43 |
| Reserves and Surplus | 68.06 | 26.15 | 19.08 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of SPV Module Making Plant (SPV Division) | 8.00 |
| 2 | Creation of SMT Line to produce PCB’s used for CDMA Mobile and FWP Phones | 20.40 |
| 3 | Repayment of IDBI Term Loan | 9.00 |
| 4 | Long Term Working Capital for FWP Business (deferred Payment Model of BSNL) | 20.00 |
| 5 | Issue Expenses | 5.06 |
| KPI | Jun 30, 2006 |
|---|---|
| RoNW | 13.73% |
| Price to Book Value | 2.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 46.39 | 33.73 |
| P/E (x) | 3.23 | 4.45 |
| Promoter Holding | 85.77% | 62.37% |
| Market Cap | ₹217.52 Cr. |
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 | Management fees, underwriting commission and brokerage | 2.88 |
| 2 | Marketing and advertisement expenses | 0.60 |
| 3 | Stationary, printing and registrar expenses | 1.18 |
| 4 | Legal fees, listing fees, book building charges, auditors fees | 0.20 |
| 5 | Miscellaneous | 0.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹177.10 | ₹165.00 |
| Low | ₹134.10 | ₹133.30 |
| High | ₹177.10 | ₹174.90 |
| Last Trade | ₹136.00 | ₹135.35 |
Lead Manager Reports
XL Telecom IPO is a main-board IPO of 39,58,224 equity shares of the face value of ₹10 aggregating up to ₹59 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on Mon, Dec 4, 2006, and closes on Thu, Dec 7, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in XL Telecom IPO using UPI as a payment gateway. Zerodha customers can apply in XL Telecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in XL Telecom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The XL Telecom IPO opens on Mon, Dec 4, 2006 and closes on Thu, Dec 7, 2006.
XL Telecom IPO lot size is 45, and the minimum amount required for application is ₹6,750.
You can apply in XL Telecom 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 XL Telecom IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the XL Telecom IPO allotment status.
The XL Telecom IPO listing date is on Thu, Dec 28, 2006.
