Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Thu, Nov 23, 2017 - Mon, Nov 27, 2017
Zodiac Energy IPO is a fixed price issue of ₹10.14 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹10.14 crore.
Zodiac Energy IPO bidding started from Nov 23, 2017 and ended on Nov 27, 2017. The shares got listed on NSE SME on Dec 5, 2017.
Zodiac Energy IPO price is ₹52 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Swastika Investmart Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Beeline Broking Ltd..
Refer to Zodiac Energy IPO RHP for detailed Information.
IPO Open
Thu, Nov 23, 2017
IPO Close
Mon, Nov 27, 2017
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹38.05 Cr
| IPO Date | 23 to 27 Nov, 2017 |
| Listed on | Tue, Dec 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,50,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 98,000 shares Beeline Broking Ltd. (agg. up to ₹0.5096 Cr) |
| Fresh Issue (Ex Market Maker) | 18,52,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 18,52,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 53,66,720 shares |
| Share Holding Post Issue | 73,16,720 shares |
| NSE Symbol | ZODIAC |
| ISIN | INE761Y01019 |
Zodiac Energy IPO comprises a total issue size of 19,50,000 shares. The net offer to the public is 18,52,000 shares, after excluding 98,000 shares allotted on a firm basis. Of the Net offer 9,26,000 (50.00%) allocated to NII 9,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,26,000 | 50.00% | 47.49% |
| Retail Shares Offered | 9,26,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 98,000 | 5.03% | |
| Total Shares Offered | 19,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Incorporated in 1992, Zodiac Energy Limited is Ahmedabad, Gujrat based Energy Solution Provider company. Company provides turnkey solutions from concept to commissioning of power plants. The services provided by the company include design, supply, installation, testing and commissioning (EPC) and operation & maintenance (O&M).
Zodiac Energy has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few. The company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.
| 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 | Net Incremental Working Capital Requirement | 7.95 |
| 2 | General Corporate Purpose | 1.69 |
| 3 | Public Issue Expenses | 0.50 |
The Zodiac Energy is subscribed [.] times on November 27, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 9,75,000 | 14,43,60,000 |
| Retail | [.] | 9,75,000 | 5,70,94,000 |
| Total | [.] | 19,50,000 | 20,14,62,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.30 |
| 2 | Printing & Stationery and Postage Expenses | 0.03 |
| 3 | Marketing and Advertisement Expenses | 0.04 |
| 4 | Regulatory fees and other expenses | 0.10 |
| 5 | Other Miscellaneous expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹62.40 |
| Low | ₹49.55 |
| High | ₹62.40 |
| Last Trade | ₹51.10 |
Lead Manager Reports
Zodiac Energy IPO is a SME IPO of 19,50,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Nov 23, 2017, and closes on Mon, Nov 27, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Zodiac Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Zodiac Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zodiac Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zodiac Energy IPO opens on Thu, Nov 23, 2017 and closes on Mon, Nov 27, 2017.
Zodiac Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Zodiac Energy 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 Zodiac Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Zodiac Energy IPO allotment status.
The Zodiac Energy IPO listing date is on Tue, Dec 5, 2017.
