Bookbuilding IPO | ₹80 Cr | Listing at BSE, NSE | Mon, Sep 25, 2006 - Fri, Sep 29, 2006
Minar IPO is a book build issue of ₹79.62 crores. The issue is entirely a fresh issue of 0.69 crore shares of ₹79.62 crore.
Minar IPO bidding started from Sep 25, 2006 and ended on Sep 29, 2006.
Minar IPO is set issue price band at ₹108 to ₹115 per share.
Keynote Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Minar IPO RHP for detailed Information.
IPO Open
Mon, Sep 25, 2006
IPO Close
Fri, Sep 29, 2006
Price Band
₹108 to ₹115
Market Cap (Pre-IPO)
₹279.42 Cr
| IPO Date | 25 to 29 Sep, 2006 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹108 to ₹115 |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 69,23,077 shares (agg. up to ₹80 Cr) |
| Fresh Issue | 69,23,077 shares (agg. up to ₹80 Cr) |
| Share Holding Pre Issue | 1,73,74,588 shares |
| Share Holding Post Issue | 2,42,97,665 shares |
Minar International Limited, formerly known as M/s Minar Exports, is an India-based company engaged in the business of manufacturing and export of home textiles in overseas market primarily in the United States. The core export of the Company consists of bed linen, napkins and terry towels. It also exports its products to some parts of Europe. Its textile products other than garments are divided into three categories, yarn, fabric, and made-ups, which is a value-added item, and refers to stitched articles of textiles, other than ready-made garments. Its product portfolio consists of a line of bed linen and other home textiles, which include bed sheets, fitted sheets, pillow cases, sheet sets, bed covers, duvets, pillow shams, bedcover/duvet sets, bed skirts, coverlets, bedspreads, quilts, comforters, flannels, mattress pads, cushions and cushion covers. It also offers throws, curtains, drapes, valances, window dressings, upholstery fabrics and covers, table linen, napkins and towels.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 127.60 | 76.86 | 57.50 |
| Total Income | 369.77 | 290.18 | 219.19 |
| Profit After Tax | 14.93 | 7.05 | 6.47 |
| NET Worth | 33.46 | 21.33 | 12.93 |
| Reserves and Surplus | 17.79 | 17.50 | 9.11 |
| Total Borrowing | 60.37 | 26.43 | 27.80 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of a processing unit at Erode in Tamil Nadu | 73.31 |
| 2 | Meet Working Capital requirements | |
| 3 | Meeting issue expense | |
| Total | 73.31 |
| KPI | Mar 31, 2006 |
|---|---|
| RoNW | 43.16% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 71.51% |
| Market Cap | ₹279.42 Cr. |
The Minar IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
Lead Manager Reports
Minar IPO is a main-board IPO of 69,23,077 equity shares of the face value of ₹10 aggregating up to ₹80 Crores. The issue is priced at ₹108 to ₹115. The minimum order quantity is .
The IPO opens on Mon, Sep 25, 2006, and closes on Fri, Sep 29, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Minar IPO using UPI as a payment gateway. Zerodha customers can apply in Minar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Minar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Minar IPO opens on Mon, Sep 25, 2006 and closes on Fri, Sep 29, 2006.
Minar IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Minar 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 Minar IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Minar IPO allotment status.
The Minar IPO listing date is not yet announced. The tentative date of listing is .
