Fixed Price IPO | ₹27 Cr | Listed at BSE | Wed, Sep 13, 2006 - Tue, Sep 19, 2006
Richa Knits IPO is a fixed issue price of ₹27.00 crores. The issue is entirely a fresh issue of 0.90 crore shares of ₹27.00 crore.
Richa Knits IPO bidding started from Sep 13, 2006 and ended on Sep 19, 2006. The shares got listed on the BSE on Oct 12, 2006.
Richa Knits IPO is set final issue price at ₹30 per share.
KJMC Corporate Advisors (India) Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Richa Knits IPO RHP for detailed Information.
IPO Open
Wed, Sep 13, 2006
IPO Close
Tue, Sep 19, 2006
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹51.30 Cr
| IPO Date | 13 to 19 Sep, 2006 |
| Listed on | Thu, Oct 12, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 90,00,000 shares (agg. up to ₹27 Cr) |
| Reserved for Private Promoter | 15,00,000 shares (agg. up to ₹5 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 75,00,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 80,99,362 shares |
| Share Holding Post Issue | 1,70,99,362 shares |
| BSE Script Code / | 532766 / |
| ISIN | INE516H01012 |
Richa Knits IPO comprises a total issue size of 75,00,000 shares. The net offer to the public is 48,75,000 shares, after excluding 15,00,000 shares allotted on a firm basis and 11,25,000 shares under a preferential allotment. Of the Net offer 7,50,000 (11.76%) are allocated to QIB, 28,12,500 (44.12%) allocated to NII 28,12,500 (44.12%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 7,50,000 | 11.76% | 10.00% |
| NII (HNI) Shares Offered | 28,12,500 | 44.12% | 37.50% |
| Retail Shares Offered | 28,12,500 | 44.12% | 37.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 3,75,000 | 5.00% | |
| Other Shares Offered | 7,50,000 | 10.00% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 15,00,000 | 20.00% | |
| Total Shares Offered | 75,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Richa Knits Ltd., a leading manufacturer of knitted fabrics and readymade garments, is entering the capital market with an offer of 90,00,000 equity shares of Rs.10 each for cash at a premium of Rs.20 per equity share aggregating to Rs.27 cr. to part finance the expansion in all the existing segments of Knitting, Dyeing & Processing and Garment manufacturing. The Rs.63 cr. expansion project is appraised by Indian Overseas Bank (IOB) and funded by way of a Term Loan of Rs.33 cr. the issue opens on Wednesday, 13th September and closes on Tuesday, 19th September'06.
Richa Knits is a Rs.45 cr. multi-divisional, integrated textile company with facilities for knitting of fabric, dyeing & processing of knitted fabrics and manufacture of garments for the domestic and export markets. The company has a 'state- of-the-art' laboratory facility for developing shades, fastness of colour, fabric quality and adopts stringent quality checks at each step pf manufacturing process.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 47.17 | 25.92 | 15.44 |
| Total Income | 45.46 | 26.28 | 16.00 |
| Profit After Tax | 4.13 | 0.88 | 0.70 |
| NET Worth | 16.99 | 8.62 | 4.78 |
| Reserves and Surplus | 9.80 | 5.81 | 3.31 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Listing Day Close | Listing Gain/Loss % |
|---|---|---|---|---|
| Punj Lloyd Ltd. | Mainboard | ₹642.11 Cr | ₹1,057.80 | +51.11% |
| PBA Infrastructure Ltd. | Mainboard | ₹30.01 Cr | ₹68.45 | +14.08% |
| Unity Infraprojects Ltd. | Mainboard | ₹232.40 Cr | ₹470.90 | -30.24% |
| Patel Engineering Ltd. | Mainboard | ₹425.00 Cr | ₹419.60 | -4.64% |
| D.S.Kulkarni Developers Ltd. | Mainboard | ₹151.28 Cr | ₹328.45 | +19.44% |
| Tantia Constructions Ltd. | Mainboard | ₹47.77 Cr | ₹220.00 | -95.60% |
| B.L.Kashyap & Sons Ltd. | Mainboard | ₹200.02 Cr | ₹973.30 | +42.09% |
| Sadbhav Engineering Ltd. | Mainboard | ₹53.65 Cr | ₹320.65 | +73.32% |
| GVK Power & Infrastructure Ltd. | Mainboard | ₹256.54 Cr | ₹315.85 | +1.89% |
| Atlanta Ltd. | Mainboard | ₹64.50 Cr | ₹192.30 | +28.20% |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | New Projects - Setting up of new projects including processing & dyeing (3960 TPA) at Tapukara, Alwar (Rajasthan), knitting (480 TPA) at Manesar (Gurgaon), and garmenting (18 Lakh pcs p.a.) at new unit in Gurgaon | 56.98 |
| 2 | Margin money for working capital | 3.73 |
| Total | 60.72 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 24.3% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 56.14% |
| Market Cap | ₹51.30 Cr. |
The Richa Knits IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.67 | 75,00,000 | 1,25,58,920 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management and underwriting | 1.20 |
| 2 | Registrars fees | 0.20 |
| 3 | Printing & Distribution of Issue Stationery | 0.23 |
| 4 | Advertising and Marketing expenses | 0.15 |
| 5 | Brokerage and Selling commission | 0.34 |
| 6 | Other expenses (Legal advisors, Auditors, Tax Auditors) | 0.13 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.95 |
| Low | ₹30.00 |
| High | ₹40.00 |
| Last Trade | ₹30.25 |
Lead Manager Reports
Richa Knits IPO is a main-board IPO of 90,00,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹30 per share. The minimum order quantity is .
The IPO opens on Wed, Sep 13, 2006, and closes on Tue, Sep 19, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Richa Knits IPO using UPI as a payment gateway. Zerodha customers can apply in Richa Knits IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Richa Knits IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Richa Knits IPO opens on Wed, Sep 13, 2006 and closes on Tue, Sep 19, 2006.
Richa Knits IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Richa Knits 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 Richa Knits IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Richa Knits IPO allotment status.
The Richa Knits IPO listing date is on Thu, Oct 12, 2006.
