Bookbuilding FPO | ₹1,203 Cr | Listed at NSE, BSE | Fri, Feb 20, 2004 - Fri, Feb 27, 2004
Indian Petrochemicals IPO is a book build issue of ₹1,202.85 crores. The issue is entirely an offer for sale of 7.19 crore shares of ₹1,202.85 crore.
Indian Petrochemicals IPO bidding started from Feb 20, 2004 and ended on Feb 27, 2004. The shares got listed on NSE and BSE on Mar 12, 2004.
Indian Petrochemicals IPO is set final issue price at ₹170 per share.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to for detailed Information.
FPO Open
Fri, Feb 20, 2004
FPO Close
Fri, Feb 27, 2004
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹4,219.84 Cr
| IPO Date | 20 to 27 Feb, 2004 |
| Listed on | Fri, Mar 12, 2004 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹170 |
| Issue Price | ₹170 per share |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE, BSE |
| Retail Discount | Rs 8.50 per share |
| Total Issue Size | 7,18,50,056 shares (agg. up to ₹1,203 Cr) |
| Offer for Sale | 7,18,50,056 shares of ₹10 (agg. up to ₹1,203 Cr) |
| Share Holding Pre Issue | 24,82,25,622 shares |
| Share Holding Post Issue | 24,82,25,622 shares |
| BSE Script Code / NSE Symbol | 500105 / |
| ISIN | INE006A01019 |
INDIAN PETROCHEMICALS IPO comprises a total issue size of 7,18,50,056 shares. Out of which, 3,59,25,028 (50.00%) are allocated to QIB, 1,79,62,514 (25.00%) allocated to NII 1,79,62,514 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 3,59,25,028 | 50.00% |
| NII (HNI) Shares Offered | 1,79,62,514 | 25.00% |
| Retail Shares Offered | 1,79,62,514 | 25.00% |
| Total Shares Offered | 7,18,50,056 | 100.00% |
Founded on March 22, 1969, Indian Petrochemicals Corporation Limited (IPCL) was a premier state-owned petrochemicals company in India.
Following its strategic disinvestment to the private sector, IPCL was officially merged into Reliance Industries Limited (RIL) in 2007 and no longer exists as an independent, publicly traded entity.
The Government of India undertook this move to promote the development of the domestic petrochemical industry and encourage the use of plastics.
The company was a manufacturer of commodity plastics (polypropylene, polyethene, PVC), synthetic fibres, and industrial chemicals.
The board of Reliance Industries unanimously approved a 1:5 share swap ratio, resulting in the complete amalgamation of IPCL into RIL.
| Period Ended | 31 Dec 2003 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|
| Total Income | 5,557.30 | 5,134.10 | 4,871.80 | 5,140.80 |
| Profit After Tax | 174.40 | 204.10 | 107.40 | 248.90 |
| NET Worth | 2,204.90 | 2,093.70 | 1,959.40 | 2,017.90 |
| Reserves and Surplus | 1,968.10 | 1,866.30 | 1,745.20 | 1,825.70 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2003 |
|---|---|
| RoNW | 8.79% |
| Price to Book Value | 2.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.22 | 9.37 |
| P/E (x) | 20.68 | 18.15 |
| Promoter Holding | 46.02% | 46.02% |
| Market Cap | ₹4,219.84 Cr. |
The Indian Petrochemicals IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 4.89 | 7,18,50,056 | 35,12,59,545 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs, Syndicate Members, other advisors to the Offer, fees of Legal Advisors to the Offer and Auditors, stamp duty, printing, publication, advertising and distribution expenses, bank charges, depositories charges, fees payable to the Registrar to the Offer and other miscellaneous expenses | |
| Total | 0.00 |
| Price Details |
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| Final Issue Price |
| Open |
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Indian Petrochemicals IPO is a main-board FPO of 7,18,50,056 equity shares of the face value of ₹10 aggregating up to ₹1,203 Crores. The issue is priced at ₹170 per share. The minimum order quantity is .
The FPO opens on Fri, Feb 20, 2004, and closes on Fri, Feb 27, 2004.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on NSE, BSE.
Zerodha customers can apply online in Indian Petrochemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Indian Petrochemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indian Petrochemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indian Petrochemicals IPO opens on Fri, Feb 20, 2004 and closes on Fri, Feb 27, 2004.
Indian Petrochemicals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Indian Petrochemicals 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 Indian Petrochemicals IPO will be done on Friday, March 12, 2004, and the allotted shares will be credited to your demat account by . Check the Indian Petrochemicals IPO allotment status.
The Indian Petrochemicals IPO listing date is on .
