Bookbuilding IPO | ₹46 Cr | Listing at BSE, NSE | Wed, Feb 21, 2007 - Fri, Mar 2, 2007
Tubeknit IPO is a book build issue of ₹46.17 crores. The issue is a combination of fresh issue of 0.38 crore shares aggregating to ₹40.55 crores and offer for sale of 0.05 crore shares aggregating to ₹5.62 crores.
Tubeknit IPO bidding started from Feb 21, 2007 and ended on Mar 2, 2007.
Tubeknit IPO is set issue price band at ₹90 to ₹108 per share. The lot size for an application is 50 shares. The minimum amount of investment required by an individual investor (retail) is ₹5,400 (50 shares) (based on upper price). The lot size investment for sNII is 38 lots (1,900 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (9,300 shares), amounting to ₹10,04,400.
Systematix Corporate Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Tubeknit IPO RHP for detailed Information.
IPO Open
Wed, Feb 21, 2007
IPO Close
Fri, Mar 2, 2007
Price Band
₹90 to ₹108
Market Cap (Pre-IPO)
₹175.77 Cr
| IPO Date | 21 Feb to 2 Mar, 2007 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹108 |
| Lot Size | 50 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 42,75,000 shares (agg. up to ₹46 Cr) |
| Share Holding Pre Issue | 1,25,20,000 shares |
| Share Holding Post Issue | 1,62,75,000 shares |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹5,400 |
| Retail (Max) | 37 | 1,850 | ₹1,99,800 |
| S-HNI (Min) | 38 | 1,900 | ₹2,05,200 |
| S-HNI (Max) | 185 | 9,250 | ₹9,99,000 |
| B-HNI (Min) | 186 | 9,300 | ₹10,04,400 |
Tubeknit Fashions Limited is leading manufacturer and exporter of hosiery garments for about two decades. Tubeknit caters to the demand of leading International brands.
Tubeknit manufacturing facilities are spread across 4 locations, in and around Tirupur.
The knitted garments manufactured by Tubeknit caters to various segments in terms of age (babies /toddlers / youngsters / adults etc.), sex and usage (casual, sports wear, sweat shirts, pullovers etc.).
Tubeknit has diversified customer base with concentration on the EU market. Tubeknit exports its products to various markets, including Europe and the United States. It sells its products to stores and other brands in United Kingdom, Netherlands, Germany, France and Denmark. Tubeknit relationship with key customers span over last 8 to 10 years.
TFL has a track record of consistent growth at a CAGR of 23.40% from 1999 to 2004. For FY06, it posted a turnover of Rs 155.83 cr. with net profit of Rs 8.93 cr. for the nine months period ended 31st December 2006, it posted a turnover of Rs 101.17 cr. with net profit of Rs 6.24 cr.
| Company | Issue Type | Issue Size | Listing Day Close | Listing Gain/Loss % |
|---|---|---|---|---|
| Kewal Kiran Clothing Ltd. | Mainboard | ₹80.60 Cr | ₹243.45 | -6.37% |
| House of Pearl Fashions Ltd. | Mainboard | ₹362.84 Cr | ₹469.95 | -14.55% |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land | 0.17 |
| 2 | Land Development | 0.83 |
| 3 | Building | 10.15 |
| 4 | Plant & Machinery- Indigenous | 15.89 |
| 5 | Plant & Machinery- Imported | 39.69 |
| 6 | Joint Venture Development | 10.00 |
| 7 | Preoperative expenses - Finance Cost | 1.32 |
| 8 | Preoperative expenses - Start up expenses | 0.25 |
| 9 | Preoperative expenses - Contingencies | 1.39 |
| KPI | |
|---|---|
| RoNW | 33.1% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 73.74% |
| Market Cap | ₹175.77 Cr. |
The Tubeknit IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
Book Running Lead Manager to the issue has informed the Exchange that the issue will close on March 02, 2007 instead of the earlier closing day of February 27, 2007. Further price band has been revised from Rs.100/- to Rs.120/- per share to Rs.90/- to Rs.108/- per share.
Lead Manager Reports
Tubeknit IPO is a main-board IPO of 42,75,000 equity shares of the face value of ₹10 aggregating up to ₹46 Crores. The issue is priced at ₹90 to ₹108. The minimum order quantity is 50.
The IPO opens on Wed, Feb 21, 2007, and closes on Fri, Mar 2, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tubeknit IPO using UPI as a payment gateway. Zerodha customers can apply in Tubeknit IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tubeknit IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tubeknit IPO opens on Wed, Feb 21, 2007 and closes on Fri, Mar 2, 2007.
Tubeknit IPO lot size is 50, and the minimum amount required for application is ₹5,400.
You can apply in Tubeknit 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 Tubeknit IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tubeknit IPO allotment status.
The Tubeknit IPO listing date is not yet announced. The tentative date of listing is .
