Bookbuilding IPO | ₹126 Cr | Listed at BSE, NSE | Fri, Jul 20, 2007 - Wed, Jul 25, 2007
Zylog Systems IPO is a book build issue of ₹126.00 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹126.00 crore.
Zylog Systems IPO bidding started from Jul 20, 2007 and ended on Jul 25, 2007. The shares got listed on BSE, NSE on Aug 17, 2007.
Zylog Systems IPO price band is set at ₹350 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹7,000 (20 shares) (based on upper price). The lot size investment for sNII is 29 lots (580 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (2,860 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Zylog Systems IPO RHP for detailed Information.
IPO Open
Fri, Jul 20, 2007
IPO Close
Wed, Jul 25, 2007
Issue Price
₹350 per share
Market Cap (Pre-IPO)
₹575.62 Cr
| IPO Date | 20 to 25 Jul, 2007 |
| Listed on | Fri, Aug 17, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹330 to ₹350 |
| Issue Price | ₹350 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 36,00,000 shares (agg. up to ₹126 Cr) |
| Fresh Issue | 36,00,000 shares (agg. up to ₹126 Cr) |
| Share Holding Pre Issue | 1,28,46,420 shares |
| Share Holding Post Issue | 1,64,46,420 shares |
| BSE Script Code / NSE Symbol | 532883 / ZYLOG |
| ISIN | INE225I01026 |
Zylog Systems IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 35,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 21,00,000 (60.00%) are allocated to QIB, 3,50,000 (10.00%) allocated to NII 10,50,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 21,00,000 | 60.00% | 58.33% | NA |
| NII (HNI) Shares Offered | 3,50,000 | 10.00% | 9.72% | NA |
| Retail Shares Offered | 10,50,000 | 30.00% | 29.17% | 52,500 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 2.78% | NA | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹7,000 |
| Retail (Max) | 28 | 560 | ₹1,96,000 |
| S-HNI (Min) | 29 | 580 | ₹2,03,000 |
| S-HNI (Max) | 142 | 2,840 | ₹9,94,000 |
| B-HNI (Min) | 143 | 2,860 | ₹10,01,000 |
| 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 1995, Zylog Systems Limited (ZSL) is a mid-sized solution based IT services provider, offering a wide array of service offerings to multiple verticals. Zylog offers a wide range of services including Application Development, Business Intelligence & Data Warehousing, Package Implementation, Testing etc across multiple domains.
ZSL has adopted a domain specific approach. BFSI contributes 34% of the revenues, telecom contributes about 22% of the revenues. The Company also focuses on Pharma, manufacturing and retail each contributing ~8% of the revenues for FY07.
ZSL's business mix is currently onsite centric (80% in FY06 and ~82% in FY07E). In order to cater to the offshore requirements of existing clients, as well as capture new business with its offshore presence, the company is expanding its offshore infrastructure. Zylog proposes to develop two Offshore Delivery Centers at Sholinganallur and Siruseri in Chennai respectively. With the planned increase in offshore capabilities, Zylog would be able to move greater composition of work offshore and position itself as a midsized offshore service provider.
ZSL's revenues have grown at a CAGR of 58% over FY 03 – FY 07 to Rs 4,034mn ($100mn) and PAT has grown at a CAGR of 56% over the same period to Rs 541mn.
Zylog was promoted by first generation entrepreneurs Mr. Sudarshan Venkatraman and Mr. Ramanujam Sesharathnam who are well qualified with rich management and technical experience.
| 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 | To set up two state of the art Offshore Development Centres (ODCs) | 6.67 |
| 2 | To fund acquisition(s) / strategic investments | |
| 3 | To meet the increasing working capital requirement | 8.19 |
| 4 | To meet the issue expenses |
| KPI | |
|---|---|
| RoNW | 26.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 43.03% | 0.5044% |
| Market Cap | ₹575.62 Cr. |
The Zylog IPO is subscribed 76.51 times on July 25, 2007 5:00:00 PM (Day 4). The public issue subscribed 35.13 times in the retail category, 89.55 times in the QIB category, and 143.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹350.00 | ₹350.00 |
| Open | ₹525.00 | ₹557.00 |
| Low | ₹356.20 | ₹392.00 |
| High | ₹525.00 | ₹557.00 |
| Last Trade | ₹431.10 | ₹427.50 |
Lead Manager Reports
Zylog Systems IPO is a main-board IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹126 Crores. The issue is priced at ₹350 per share. The minimum order quantity is 20.
The IPO opens on Fri, Jul 20, 2007, and closes on Wed, Jul 25, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Zylog Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Zylog Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Zylog Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Zylog Systems IPO opens on Fri, Jul 20, 2007 and closes on Wed, Jul 25, 2007.
Zylog Systems IPO lot size is 20, and the minimum amount required for application is ₹7,000.
You can apply in Zylog Systems 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 Zylog Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Zylog Systems IPO allotment status.
The Zylog Systems IPO listing date is on Fri, Aug 17, 2007.
