Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE | Mon, Jun 7, 2010 - Wed, Jun 9, 2010
Fatpipe Networks IPO is a book build issue .
Fatpipe Networks IPO bidding started from Jun 7, 2010 and ended on Jun 9, 2010.
Fatpipe Networks IPO is set issue price band at ₹82 to ₹85 per share. The lot size for an application is 70 shares. The minimum amount of investment required by an individual investor (retail) is ₹5,950 (70 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,380 shares), amounting to ₹2,02,300, and for bNII, it is 169 lots (11,830 shares), amounting to ₹10,05,550.
Keynote Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Fatpipe Networks IPO RHP for detailed Information.
IPO Open
Mon, Jun 7, 2010
IPO Close
Wed, Jun 9, 2010
Price Band
₹82 to ₹85
Market Cap (Pre-IPO)
To be declared
| IPO Date | 7 to 9 Jun, 2010 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹85 |
| Lot Size | 70 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
Fatpipe Networks IPO comprises a total issue size of 59,75,610 shares. Out of which, 29,87,805 are allocated to QIB, 8,96,341 (15.00%) allocated to NII 20,91,464 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 29,87,805 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 29,87,805 | NA | |
| NII (HNI) Shares Offered | 8,96,341 | 15.00% | NA |
| Retail Shares Offered | 20,91,464 | 35.00% | 29,878 |
| Total Shares Offered | 59,75,610 | 100.00% |
Investors can bid for a minimum of 70 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹5,950 |
| Retail (Max) | 33 | 2,310 | ₹1,96,350 |
| S-HNI (Min) | 34 | 2,380 | ₹2,02,300 |
| S-HNI (Max) | 168 | 11,760 | ₹9,99,600 |
| B-HNI (Min) | 169 | 11,830 | ₹10,05,550 |
Fatpipe Networks India Limited, owned by DR. RAGULA BHASKAR, is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management.
Fatpipe's core technology, router clustering, involves patented and patent-pending methods that provide the highest levels of optimization, reliability, security and acceleration of Wide Area Networks (WANs) and enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless reassembly of data streams. Fatpipe technology affords companies, that run mission critical WAN applications over any type of infrastructure, automatic and dynamic failover of a downed data line due to a WAN component, line or service failure.
Company holds 7 patents on a technology called "Router-Clustering," which enables customers to obtain highly redundant and fast Internet/WAN access. FatPipe sells its products worldwide through a network of 2 authorized distributors and over 500 resellers. FatPipe is proposing to expand its operations to China, Singapore, South Africa, Kenya, Nigeria, Argentina, Belgium, Germany, France, Eastern Europe and Australia. Fatpipe will be setting up a wholly owned subsidiary in the US to expand US operations and to solicit government business.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To expand the product line with enhanced Research and Development activities, specifically for development of new product-lines. | 6.76 |
| 2 | To establish 16 new Marketing Offices across the globe including additional offices in the USA. | 10.08 |
| 3 | For strategic acquisition of business/ company | 15.00 |
| 4 | To meet margin money for Working Capital requirement and | 7.20 |
| 5 | To meet the Public Issue Expenses | 3.55 |
| 6 | General Corporate purposes | 6.41 |
The Fatpipe Networks IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
Brickwork Ratings India Pvt. Ltd has assigned an IPO Grade 2 to Fatpipe Networks IPO. This means as per Brickwork, company has below average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Lead Manager Reports
Fatpipe Networks IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹82 to ₹85. The minimum order quantity is 70.
The IPO opens on Mon, Jun 7, 2010, and closes on Wed, Jun 9, 2010.
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 Fatpipe Networks IPO using UPI as a payment gateway. Zerodha customers can apply in Fatpipe Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fatpipe Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fatpipe Networks IPO opens on Mon, Jun 7, 2010 and closes on Wed, Jun 9, 2010.
Fatpipe Networks IPO lot size is 70, and the minimum amount required for application is ₹5,950.
You can apply in Fatpipe Networks 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 Fatpipe Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Fatpipe Networks IPO allotment status.
The Fatpipe Networks IPO listing date is not yet announced. The tentative date of listing is .
