Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Thu, Jun 30, 2016 - Tue, Jul 5, 2016
Commercial Syn Bags IPO is a fixed price issue of ₹7.66 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹7.66 crore.
Commercial Syn Bags IPO bidding started from Jun 30, 2016 and ended on Jul 5, 2016. The shares got listed on BSE SME on Jul 14, 2016.
Commercial Syn Bags IPO price is ₹24 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,88,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Commercial Syn Bags IPO RHP for detailed Information.
IPO Open
Thu, Jun 30, 2016
IPO Close
Tue, Jul 5, 2016
Issue Price
₹24 per share
Market Cap (Pre-IPO)
₹28.36 Cr
| IPO Date | 30 Jun to 5 Jul, 2016 |
| Listed on | Thu, Jul 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 31,92,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,68,000 shares Rikhav Securities Ltd. (agg. up to ₹0.4032 Cr) |
| Fresh Issue (Ex Market Maker) | 30,24,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 30,24,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 86,25,400 shares |
| Share Holding Post Issue | 1,18,17,400 shares |
| BSE Script Code | 539986 COMSYN |
| ISIN | INE073V01015 |
Commercial Syn Bags IPO comprises a total issue size of 31,92,000 shares. The net offer to the public is 30,24,000 shares, after excluding 1,68,000 shares allotted on a firm basis. Of the Net offer 15,12,000 (50.00%) allocated to NII 15,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,12,000 | 50.00% | 47.37% |
| Retail Shares Offered | 15,12,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,68,000 | 5.26% | |
| Total Shares Offered | 31,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹2,88,000 |
Incorporated in 1993, Commercial Syn Bags Limited is engaged in manufacturing of plastic and laminated coated bags. Information in this paragraph is copied from chittorgarh.com.They are one of the leading manufacturer and exporter of FIBC / Big Bag, PP Fabric, PP Woven Bag, BOPP Bags and Tarpaulin in India.
Commercial Syn Bags produce 4-5 million Big Bags annually. Content in this paragraph is copied from chittorgarh.com.Company's product profile includes Builder Bag, FIBC- U-Panel and Circular, Baffle / Q-Bag, Tunnel Bag, Single Loop / Double Loop, UN Bags, Asbestos Bag, PP Container Bag, Bags with Liner Formfit / Bottle shaped, Tabbed, Glued, Box Bag, Polypropylene Woven bags, PP Fabric, Tarpaulin and BOPP Bags.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Advance Syntex Ltd. | SME | ₹2.52 Cr | ₹12 | null | ₹12.91 | +7.58% | ₹5.25 (+1.55%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ Prepayment of certain borrowings availed by the Company | 4.03 |
| 2 | Working Capital requirements | 3.13 |
| 3 | Issue Expenses | 0.50 |
| KPI | |
|---|---|
| RoNW | 22.99% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.45% | 52.15% |
| Market Cap | ₹28.36 Cr. |
The Commercial Syn Bags IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 7.08 | 30,24,000 | 2,14,08,000 | 1,757 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.25 |
| 2 | Regulatory fees | 0.13 |
| 3 | Marketing and Other Expenses | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹28.80 |
| Low | ₹28.80 |
| High | ₹28.80 |
| Last Trade | ₹28.80 |
Lead Manager Reports
Commercial Syn Bags IPO is a SME IPO of 31,92,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on Thu, Jun 30, 2016, and closes on Tue, Jul 5, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Commercial Syn Bags IPO using UPI as a payment gateway. Zerodha customers can apply in Commercial Syn Bags IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Commercial Syn Bags IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Commercial Syn Bags IPO opens on Thu, Jun 30, 2016 and closes on Tue, Jul 5, 2016.
Commercial Syn Bags IPO lot size is 6000, and the minimum amount required for application is ₹1,44,000.
You can apply in Commercial Syn Bags 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 Commercial Syn Bags IPO will be done on Monday, July 11, 2016, and the allotted shares will be credited to your demat account by . Check the Commercial Syn Bags IPO allotment status.
The Commercial Syn Bags IPO listing date is on Thu, Jul 14, 2016.
