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Univastu India Ltd IPO (Univastu India IPO) Detail

Jul 14, 2017 - Jul 19, 2017

Incorporated in 2009, Univastu India Ltd (UIL) is an ISO 9001:2015 certified Pune based construction company and provide integrated engineering, procurement and construction services (EPC) for civil & Structural construction and infrastructure sector projects. Currently the construction activity being undertaken by the company includes civil & Structural construction and infrastructure contracts which have been sub contracted to it by main contractors. UIL is also engaged in trading of construction materials. Its main trading products include steel, cement and electrical material.

UIL’s focus area includes activities like civil construction projects, which include structures such as Sports Complex Projects (Indoor and Outdoor Sport Stadiums), multi-purpose hall, commercial structures, industrial structures, Hospitals, Cold Storage, Educational Institution, mass housing projects; water Supply and Drainage Projects; road and Bridges Projects. major and minor Irrigation Projects etc. Its portfolio of completed and ongoing civil construction projects includes commercial and residential buildings, industrial structure, hospitals and educational campus, roads, cold storage, water supply projects.

Company Promoters:

The promoters of the company are:

1. Pradeep Khandagale

Objects of the Issue:

The objects of the Issue are:

1. Augmenting additional working capital requirements;
2. Purchase of Equipment & Tools;
3. General Corporate Purposes.

Issue Detail:

  »»  Issue Open: Jul 14, 2017 - Jul 19, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,497,000 Equity Shares of Rs 10 aggregating up to Rs 5.99 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 40 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: NSE SME

Univastu India IPO Reviews:

  1. Univastu India Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved0748,500748,5001,497,000
Day 1 - Jul 14, 2017 17:00 IST-654000327000981000
Day 2 - Jul 17, 2017 17:00 IST080100013140002115000
Day 3 - Jul 18, 2017 17:00 IST084000023880003228000
Day 4 - Jul 19, 2017 17:00 IST390002043000801600010098000

Univastu India IPO Prospectus

Univastu India IPO Rating

230
4.0
Rating:Rated 4.0 stars

Vote Here ...

Univastu India IPO News Alerts

  1. Wednesday, July 19, 2017 12:00:00 AM
    Univastu India Ltd IPO - Close
  2. Friday, July 14, 2017 12:00:00 AM
    Univastu India Ltd IPO - Open

Company Contact Information

Univastu India Ltd
Bungalow No.36/B,
Madhav Baug CHS,
Shivtirth Nagar, Kothrud, Pune – 411 038
Phone: +91 20 2543 4617
Fax: NA
Email: info@univastu.com
Website: http://www.univastu.com

Univastu India IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Univastu India IPO Lead Manager(s)

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Univastu India IPO Review / Comments

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60. Jain Kapil  Jul 22, 2017 10:20:26 PM IST I Like It. | Report Abuse Reply
इसकी ग्रह मरकेट क्या है
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59. COMMONMAN  Jul 22, 2017 7:25:22 PM IST I Like It. | Report Abuse Reply
Allotment Should Be On 25th And Listing On 27th
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58. Mahesh  Jul 21, 2017 5:29:51 PM IST I Like It. | Report Abuse Reply
What are the allocation and listing dates?
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57. Jain Kapil  Jul 21, 2017 2:03:15 PM IST I Like It. | Report Abuse Reply
इसका अलॉटमेंट कब है
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56. VinodR  Jul 18, 2017 9:50:11 AM IST I Like It. | Report Abuse Reply
Prabhakaran Sir,

There is a comment floating about the remarks from DRHP of this IPO.

QUOTE

Went Thru Draft Herring Prospectus... Found Few Declarations :
25. Our Registered office is not owned by us.
Our Company has taken our registered office on leave and license basis from Dhairyasheel Shivajirao Deshmukh for a
period of 44 (Forty-four) months commencing from April 1, 2015 until November 30, 2018. There can be no assurance
that our Company will be able to successfully renew the said leave and license agreement in a timely manner or at all.
26. Our group companies has incurred the losses in the last three financial years
11. Our Promoter and members of Promoter Group have mortgaged their personal properties and provided
personal guarantees for our borrowings to secure our loans. Our business, financial condition, results of
operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal
guarantees provided by our Promoter and members of Promoter Group in connection with our Company’s
borrowings.
12. Our Company, our Promoter and certain of our Directors are involved in certain legal proceedings, which, if
determined adversely, may adversely affect our business, results of operations and prospects.
13. Our Company has availed certain unsecured loans that are recallable by the lenders at any time.

UNQUOTE

Also, subscription on day-1 was 0.65x and day-2 was 1.41x (cumulative). So, subscription wasn''t that much effective on Day 2. Do you still consider it as SUBSCRIBE?

Thanks.
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56.1. Prabhakaran Kuppusamy  Jul 19, 2017 8:05:26 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I''m unsure about this VinodR.
Maybe I will go through the RHP.
Mostly, I will focus on the posted numbers and do analysis only on them (which is positive about Univastu).
If what you posted is part of RHP, then I''m highly doubtful about the future of the company.
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55. Prabhakaran Kuppusamy  Jul 19, 2017 7:16:55 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
QIB subscription is almost 52% of MarketMaker''s portion - which is good sign.
In addition to that, overall subscription is 6.75x (once again RIIs subscribed heavily).
So, there is very less chance for RIIs to get allotment.
Those who gets allotment, you can expect healthy long-term gains.
Beware that the issue price makes its PB as 2.8 (dont expect the price to go above 40% in near time).
Disclaimer: I didn''t apply for this IPO (as my fund is blocked in Salasar).
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54. COMMONMAN  Jul 19, 2017 4:54:22 PM IST I Like It. | Report Abuse Reply
Final Tally :
Total Subscribes : 6.73 Times
RII : 10.62 Times
NII : 2.78 Times

In Retail Only 249-250 Application Will Go through.
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53. COMMONMAN  Jul 19, 2017 2:57:47 PM IST I Like It. | Report Abuse Reply
Bid Details for UNIVASTU as on 19-Jul-2017 14:50:01 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      14,40,000
2(a)      Corporates      90,000
2(b)      Individuals(Other than RIIs)      10,26,000
2(c)      others      3,24,000
3      Retail Individual Investors(RIIs)      52,11,000
3(a)      Cut Off      0
3(b)      Price bids      52,11,000
Total      66,51,000
Retail : 6.96 Times
NII : 1.92 Times
TOTAL : 4.44 Times

Now looking @ Subscription Figures , Confidence Has Increased.
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52. Rkjain  Jul 19, 2017 2:45:37 PM IST I Like It. | Report Abuse Reply
retail 6.82, Total 4.37 Times at 2.40PM
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51. Ficpl  Jul 19, 2017 1:48:26 PM IST I Like It. 1 | Report Abuse Reply
This two hours will be interesting for subscription.
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50. COMMONMAN  Jul 19, 2017 1:13:12 PM IST I Like It. | Report Abuse Reply
Bid Details for UNIVASTU as on 19-Jul-2017 13:10:00 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      8,76,000
2(a)      Corporates      90,000
2(b)      Individuals(Other than RIIs)      4,89,000
2(c)      others      2,97,000
3      Retail Individual Investors(RIIs)      41,46,000
3(a)      Cut Off      0
3(b)      Price bids      41,46,000
Total      50,22,000
RII : 5.53 TIMES
NII : 1.17 TIMES
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49. Rkjain  Jul 19, 2017 12:10:14 PM IST I Like It. | Report Abuse Reply
Hni 1.13 times
Retail 4.60 times
Total 2.85 times at 12.00PM
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49.1. COMMONMAN  Jul 19, 2017 12:48:50 PM IST I Like It. | Report Abuse
Difficult To Get Allocation In RII But NII Has Good Chance Of Allocation.
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48. Ficpl  Jul 19, 2017 11:33:29 AM IST I Like It. 1 | Report Abuse Reply
I think 20 times in Retail and 35 times in HNI can be possible. Last day game so big players comes at last only.
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47. arbandyo  Jul 19, 2017 8:52:20 AM IST I Like It. 1 | Report Abuse Reply
Galaji,prabhakaranji and common man this issue is look good and competitive in price but still very poor response. After 4 day less hni involvement it is known last day they will drive mean today but still all u think it is applyable?
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47.1. COMMONMAN  Jul 19, 2017 10:03:28 AM IST I Like It. | Report Abuse
I Have Applied 1 Lot, Expecting 5-10% Profit Possible in Listing to Short Term.
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46. COMMONMAN  Jul 15, 2017 2:44:20 PM IST I Like It. | Report Abuse Reply
Hi, Prabhakranbhai, Galabhai
Any Rewiew On This. Is It worth Applying, Any Chance To Make 7-10% On it ... ???
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46.2. Hiro Devrani  Jul 18, 2017 9:42:49 PM IST I Like It. | Report Abuse
Galabhai is it advisable to subscribe ?
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46.3. TOPS  Jul 18, 2017 10:33:42 PM IST I Like It. | Report Abuse
GALABHA ,
ISSUE APPLY KARE JEDO AAY ?
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45. Prabhakaran Kuppusamy  Jul 6, 2017 12:52:06 PM IST I Like It. 10 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Pros:
ROE and ROCE is near 20%
Consistent sales and profit
Workforce is getting increased every FY
Attractive at PE of 17
Cons:
Construction has become little risky business these days.
Operating cash-flow is mixed (negative every alternate FY)
PB of 2.8 is bit expensive

This stock has given consistent returns of more than 20% (for past 5 years).
So, it''s a good buy at this price (with long-term view).
I''m not sure about listing (or short-term) gains out of this - which is purely depends on subscription figures.
I will SUBSCRIBE to this issue (it''s very small issue - so demand will be more).
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45.8. coolaks  Jul 18, 2017 2:16:05 PM IST I Like It. | Report Abuse
Hi Today is the fourth day. Subscribtion figure is 1.69 times. Should we subcribed? Not much demand in HNI.
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45.9. TOPS  Jul 18, 2017 9:49:06 PM IST I Like It. | Report Abuse
MR. PRABHAKARAN

AFTER READING COMMENTS POSTED BY VINOD R REGARDING FINANCIAL INFORMATION , WILL U STILL GO FOR THE ISSUE ALSO SUBSCRIPTION FIGURE AS ON 18.07.2017 IS NOT SO ENCOURAGING , PLEASE POST YOUR VIEWS
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44. Hiro Devrani  Jul 18, 2017 9:41:08 PM IST I Like It. | Report Abuse Reply
Hey galabhai and prabhakaran sir should I subscribe for univastu ?
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43. MSB  Jul 18, 2017 8:54:21 PM IST I Like It. | Report Abuse Reply
what is the procedure to withdraw the bid made by icici online ipo bidding. pls anyone know than guide me..
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42. ASHISH PATEL  Jul 18, 2017 6:26:38 PM IST I Like It. | Report Abuse Reply
Everybody must apply this ipo shrenik ltd history will repeat
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42.1. Pinank  Jul 18, 2017 8:03:36 PM IST I Like It. | Report Abuse
What is the Grey Market premium for univastu?
How many times this will be over subscribe?
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41. shdinr  Jul 18, 2017 11:07:27 AM IST I Like It. | Report Abuse Reply
let us know the GMP ??
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