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Global Vectra Helicorp Ltd IPO (Global Vectra IPO) Detail

Sep 29, 2006 - Oct 6, 2006

Global Vectra Helicorp Limited (GVHL) is an India-based offshore transportation services helicopter company. The Company provides helicopter services to oil and gas exploration, development and production companies. Global Vectra had around 12 Bell 412 helicopters each having 13 passenger seats and two pilot seats. The Company transports crew and cargo for oil and gas companies to offshore oil platforms located approximately 50 to 100 nautical miles from the coastlines of India for their exploration and production activities.

Global Vectra services its clients under contracts that contain a combination of fixed monthly rates and hourly rates. Its clients include oil and gas companies engaged in exploration and production activities in India, which include Reliance Industries Limited, British Gas India Exploration and Production Limited, and Gujarat State Petroleum Corporation Limited.

Global Vectra IPO Details

Issue OpenSep 29, 2006 - Oct 6, 2006
Issue TypeBook Built Issue IPO
Issue Size3,500,000 Eq Shares of ₹10
(aggregating up to ₹64.75 Cr)
Face Value₹10 Per Equity Share
Issue Price₹175 to ₹200 Per Equity Share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE

Global Vectra IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum130₹6,000
Maximum33990₹198,000

Global Vectra IPO Prospectus

Global Vectra IPO Rating

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Rating:Rated 0.0 stars

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Global Vectra IPO Listing Date

Listing DateFriday, October 27, 2006
BSE Script Code532773
NSE SymbolGLOBALVECT
Listing In
ISININE792H01019
Issue Price₹200 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹200.00
₹175.00
₹175.00
₹195.00
₹187.40
2,702,638
NSE
₹200.00
₹250.00
₹170.05
₹250.00
₹187.50
2,872,269

Global Vectra IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

Global Vectra Helicorp Ltd
Global Vectra Helicorp Limited,
A-54, Kailash Colony,
New Delhi 110 048 India.

Phone: +91 22 2618 6155
Email: info@gvhl.net
Website: http://www.globalhelicorp.com

Global Vectra IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email:
Website: http://www.linkintime.co.in

Global Vectra IPO FAQs

  1. 1. What is Global Vectra IPO?

    Global Vectra IPO is a main-board initial public offering of 3,500,000 equity shares of the face value of ₹10 aggregating up to ₹64.75 Crores.

    The issue price of the IPO is ₹175 to ₹200 Per Equity Share. The minimum order quantity is 30 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Sep 29, 2006 and closes on Oct 6, 2006.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Global Vectra IPO will open?

    The Global Vectra IPO opens on Sep 29, 2006 and closes on Oct 6, 2006.

  3. 3. How to apply for Global Vectra IPO?

    Global Vectra IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Global Vectra IPO allotment?

    The finalization of Basis of Allotment for Global Vectra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Global Vectra IPO allotment status.

  5. 5. When is Global Vectra IPO listing date?

    The Global Vectra IPO listing date is on Friday, October 27, 2006, at BSE, NSE.
  6. 6. What is the lot size of Global Vectra IPO?

    Global Vectra IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.

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Global Vectra IPO Review / Comments

Vikram
3. Vikram   Oct 12, 2006 06:26 I Like It. | Report Abuse
Price of Global Vectra Helicorp Limited IPO has been fixed at Rs 185/-.
Dhananjay
2. Dhananjay  Oct 7, 2006 21:47 I Like It. | Report Abuse
The issue has been subscribed 3.50 times. The total bids received for the issue is 1,22,47,980 against its total issue size of 35 lakh shares.
Dhananjay
1. Dhananjay  Oct 2, 2006 08:54 I Like It. | Report Abuse
Financial Express review of Global Vectra Helicorp Ltd.

In the wake of the current turmoil of the airline industry we have yet another player set to tap the market. However, Global Vectra Helicorp Ltd (GVHL) is not comparable to the other large and fancy players.

Promoted by an IITian, Ravinder Kumar Rishi, Global Vectra Helicorp generates its business as one of the largest dedicated offshore transportation services helicopter companies in India. Currently, it has 14 Bell 412 helicopters each having 13 passenger seats and two pilot seats.

The current initial public offer of 35,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the book-building process, will largely be used to fund expansion of the fleet and create infrastructure .

Currently GVHL has infrastructure at the Juhu Airport, Mumbai, for operations and maintenance of its fleet. It also has a forward base at Rajamundri and Vizag for its east coast operations.

The price band for the issue has been fixed between Rs 175 and Rs 200 per equity share of Rs 10 each.

GVHL, the flagship, however reported a turnaround in 2005-06 after an aberration in 2004-05 where high operational expenses took its toll.


Financials:

For the year ended March 2006, GVHL earned revenue worth Rs 89.8 crore, leading to a net profit of Rs 7.8 crore. This represented a growth of a whopping 70% in the top line over the previous year.

This growth was brought about by a similar rise in operational capacity of helicopters which increased from six in FY05 to 11 in FY06.

The profit after tax also grew substantially as GVHL reduced its lease expenses considerably. In FY05 the company had recorded a loss of Rs 68 lakh, thanks to high operational expenses. Going ahead, GVHL sees an increase in the copter capacity to 20 in the current fiscal. This would entail an increase in revenues.


Valuation:

Based on the weighted average EPS of Rs 4.19, P/E works out to 41.2 times on the lower end of the price band and 47.7 times on the on the upper end of the price band. The weighted average return on net worth works out to a healthy 25.70%.

Since GVHL is in a niche business of transportation, there are no listed peers that one can compare them with.

The company competes with the likes of Pawan Hans, United Helicharters and Deccan Aviation. There are number of other small-time players.

The company proposes to reserve 50% of the total offer for allocation to qualified institutional buyers on a proportionate basis and 15% will be reserved for allotment on a proportionate basis to non-institutional investors. The balance 35% will be reserved for allotment to retail individual bidders.

Outlook:

The business dynamics dictate that GVHL will be in a position to record growth in revenues as the capacity grows from 11 helicopters to 29 helicopters by FY09. The opening up of the oil exploration sector and new entrants tapping the offshore avenue augurs well.

On the operational side, the ability to manage fuel costs is extremely critical. Rate fluctuations and availability both can dampen profitability. Also, the business focus is extremely dependent on offshore structures. Around 64% of the current business for GVHL is sourced from Bombay High. Given this, experts reckon that maintaining consistent profitability in this sector will always be a challenge.



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