Fixed Price FPO | ₹131 Cr | Listed at BSE | Mon, Oct 16, 2006 - Fri, Oct 20, 2006
Zenith Birla FPO is a fixed issue price of ₹131.00 crores. The issue is entirely a fresh issue of 2.38 crore shares of ₹131.00 crore.
Zenith Birla FPO bidding started from Oct 16, 2006 and ended on Oct 20, 2006. The shares got listed on the BSE on Nov 20, 2006.
Zenith Birla FPO is set final issue price at ₹55 per share.
IDBI Capital Markets Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Zenith Birla FPO RHP for detailed Information.
FPO Open
Mon, Oct 16, 2006
FPO Close
Fri, Oct 20, 2006
Issue Price
₹55 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 16 to 20 Oct, 2006 |
| Listed on | Mon, Nov 20, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 2,38,18,182 shares (agg. up to ₹131 Cr) |
| Reserved for Private Promoter | 45,45,455 shares (agg. up to ₹25 Cr) |
| Fresh Issue | 1,92,72,727 shares (agg. up to ₹106 Cr) |
| Net Offered to Public | 1,92,72,727 shares (agg. up to ₹106 Cr) |
| Share Holding Pre Issue | 1,62,54,000 shares |
| Share Holding Post Issue | 4,00,72,182 shares |
| BSE Script Code | 531845 ZENITHSTL |
| ISIN | INE318D01020 |
Zenith Birla FPO comprises a total issue size of 1,92,72,727 shares. The net offer to the public is 50,90,910 shares, after excluding 45,45,455 shares allotted on a firm basis and 96,36,362 shares under a preferential allotment. Of the Net offer 48,18,182 (50.00%) allocated to NII 48,18,183 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 48,18,182 | 50.00% | 25.00% |
| Retail Shares Offered | 48,18,183 | 50.00% | 25.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 19,27,272 | 10.00% | |
| Shareholders Shares Offered | 38,54,544 | 20.00% | |
| Other Shares Offered | 38,54,546 | 20.00% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 45,45,455 | 23.58% | |
| Total Shares Offered | 1,92,72,727 | 100.00% | 100.00% |
| 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 shareholder | Allowed only if bidding amount is upto Rs 2 lakhs | |
| Only employee | Yes | |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Zenith Birla (India) Ltd, a steel pipe manufacturer is coming up with (FPO) of 2,38,18,182 equity shares of Rs 10 each at a price of Rs 55 per share. Zenith Birla is currently listed in BSE and quoted at Rs 63.55 as of Oct 06 2006 with 52 Week High - Rs 83/-, 52 Week Low - 30/-.
Zenith Birla is in manufacturing of ERW welded steel pipes and HSS cutting tools.
The Steel Pipe Division of Zenith Birla is located at Khopoli, Maharashtra. The steel pipe plant has an installed capacity of 1,20,000 TPA. The pipes are predominantly used for plumbing, agriculture, irrigation, urban and rural drinking water distribution, structural and industrial applications. Square and rectangular hollow sections manufactured by Zenith are used to replace conventional section such as beams, angles and channels. These sections have higher load bearing capacity with better economics and have better asthetic appeal. Zenith tubular pipes have also substituted seamless pipes for certain applications.
Manufacturing facilities of Zenith Birla cutting Tool Division are at two places i.e at Nasik and Aurangabad both in Maharashtra. The cutting tool plants have aggregate capacity to manufacture 203.71 Lac No. per annum. HSS cutting tools are predominantly used in Automobile, General engineering and Capital Goods Industry.
| Period Ended | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 280.63 | 279.05 | 245.61 |
| Total Income | 77.89 | 312.43 | 544.65 |
| Profit After Tax | 2.93 | 4.37 | 7.50 |
| NET Worth | 67.25 | 64.32 | 57.40 |
| Reserves and Surplus | 51.00 | 48.06 | 43.56 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Mechanical Tube Projec | 88.22 |
| 2 | Preliminary & Pre-Operative Expense | 1.50 |
| 3 | Contingency | 2.21 |
| 4 | Working Capital (existing business) | 21.50 |
| 5 | Margin Money for Working Capital (mechanical tube | 5.57 |
| 6 | Public Issue Expenses | 12.00 |
| KPI | Jun 30, 2006 | Mar 31, 2006 |
|---|---|---|
| RoNW | 7% | |
| Price to Book Value | 1.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 32.85% | 24.67% |
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 | Advertising | 3.00 |
| 2 | Printing, Dispatch & Stationery | 2.00 |
| 3 | Issue Management Fees and Brokerage | 3.50 |
| 4 | Registrars Expenses | 2.00 |
| 5 | Other Statutory Costs | 0.10 |
| 6 | Miscelleous | 1.40 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹50.00 |
| Low | ₹44.00 |
| High | ₹53.45 |
| Last Trade | ₹48.20 |
Lead Manager Reports
Zenith Birla FPO is a main-board FPO of 2,38,18,182 equity shares of the face value of ₹10 aggregating up to ₹131 Crores. The issue is priced at ₹55 per share. The minimum order quantity is .
The FPO opens on Mon, Oct 16, 2006, and closes on Fri, Oct 20, 2006.
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 Zenith Birla FPO using UPI as a payment gateway. Zerodha customers can apply in Zenith Birla FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zenith Birla FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zenith Birla FPO opens on Mon, Oct 16, 2006 and closes on Fri, Oct 20, 2006.
Zenith Birla FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Zenith Birla 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 Zenith Birla FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Zenith Birla FPO allotment status.
The Zenith Birla FPO listing date is on Mon, Nov 20, 2006.
