Bookbuilding FPO | ₹145 Cr | Listed at BSE, NSE | Fri, Mar 18, 2005 - Wed, Mar 23, 2005
IVRCL Infrastructures & Projects FPO is a book build issue of ₹144.90 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹144.90 crore.
IVRCL Infrastructures & Projects FPO bidding started from Mar 18, 2005 and ended on Mar 23, 2005. The shares got listed on NSE and BSE on Apr 11, 2005.
IVRCL Infrastructures & Projects FPO is set final issue price at ₹395 per share.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to IVRCL Infrastructures & Projects FPO RHP for detailed Information.
FPO Open
Fri, Mar 18, 2005
FPO Close
Wed, Mar 23, 2005
Issue Price
₹395 per share
Market Cap (Pre-IPO)
₹815.60 Cr
| IPO Date | 18 to 23 Mar, 2005 |
| Listed on | Mon, Apr 11, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹385 to ₹415 |
| Issue Price | ₹395 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 36,68,340 shares (agg. up to ₹145 Cr) |
| Fresh Issue | 36,68,340 shares (agg. up to ₹145 Cr) |
| Share Holding Pre Issue | 1,69,79,700 shares |
| Share Holding Post Issue | 2,06,48,040 shares |
| BSE Script Code / NSE Symbol | 530773 / IVRCLINFRA |
| ISIN | INE875A01025 |
IVRCL Infrastructures & Projects FPO comprises a total issue size of 36,68,340 shares. The net offer to the public is 34,78,470 shares, after excluding 1,89,870 shares under a preferential allotment. Of the Net offer 17,39,235 (50.00%) are allocated to QIB, 8,69,617 (25.00%) allocated to NII 8,69,618 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,39,235 | 50.00% | 47.41% |
| NII (HNI) Shares Offered | 8,69,617 | 25.00% | 23.71% |
| Retail Shares Offered | 8,69,618 | 25.00% | 23.71% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,89,870 | 5.18% | |
| Total Shares Offered | 36,68,340 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1987, IVRCL Infrastructures & Projects Limited is an integrated infrastructure development and construction company engaged in engineering, procurement, and construction (EPC) across four key sectors: Water Supply & Environment, Roads & Bridges, Buildings & Industrial Structures, and Power Transmission.
The company undertakes projects on item rate, EPC, LSTK (Lump Sum Turnkey), BOT, annuity, and O&M contract models. Its water division — the largest contributor to revenues — handles end-to-end water supply schemes including intake systems, treatment plants, transmission mains, distribution networks, and sewage treatment. The roads division executes national and state highways, tunnels, and bridges, while the buildings division covers residential townships, industrial structures, and irrigation works. The power division undertakes transmission lines up to 400KV and substations up to 220KV.
The company operates through a pan-India presence across 17 states, with regional offices in Hyderabad, Ahmedabad, Bangalore, Chennai, Delhi, Kolkata, and Pune. Its order book stood at Rs. 25,454 million as on January 31, 2005, with projects funded by agencies including the World Bank, ADB, HUDCO, NABARD, and various state governments.
IVRCL has in-house capabilities including a Design Division for EPC engineering, a Mechanical Division managing owned equipment worth Rs. 873 million, a mobile MS pipe manufacturing unit, and a subsidiary — IVRCL PSC Pipes Pvt. Ltd. — manufacturing pre-stressed concrete pipes with an annual capacity of 50,000 running metres.
The company has a workforce of 1,354 employees as on January 31, 2005, supported by experienced divisional heads and engineers across its operations. It has executed projects for clients including NHAI, Maharashtra Krishna Valley Development Corporation, Gujarat Water Supply & Sewerage Board, Konkan Railway Corporation, Nuclear Power Corporation of India, and several state governments.
IVRCL holds an ISO 9001:2000 certification and has been rated 5A1 by Dun & Bradstreet. It has been recognised as the third fastest growing construction company in India by Construction World (Annual Issue, 2004). The company maintains 45 JV/MOU partnerships with national and international organisations to strengthen its technical capabilities and bid capacity across specialised project segments.
Madanlal J Hinduja, Rajendra J Hinduja, Dinesh J Hinduja, Vivek M Hinduja, Ashwin R Hinduja, and Gaurav D Hinduja are the company promoters.
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 692.17 | 655.36 | 392.87 | 307.22 |
| Total Income | 423.09 | 775.57 | 441.40 | 392.60 |
| Profit After Tax | 17.58 | 39.18 | 15.51 | 13.09 |
| NET Worth | 227.27 | 210.49 | 105.72 | 92.56 |
| Reserves and Surplus | 209.90 | 121.37 | 95.21 | 82.12 |
| Total Borrowing | 82.12 | 172.13 | 90.01 | 85.20 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Msk Projects (India) Ltd. | Mainboard | ₹24.04 Cr | ₹40 | null | ₹38.25 | -4.38% | ₹625.25 (-0.05%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in BOT/BOOT projects | 40.00 |
| 2 | Purchases of Capital Equipment | 30.00 |
| 3 | Repayment of Debt / Loan | 49.70 |
| 4 | Issue Expenses | 6.30 |
| Total | 126.00 |
| KPI | Sep 30, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 15.95% | 14.81% |
| Price to Book Value | 2.92 | 1.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 23.08 | 17.02 |
| P/E (x) | 17.12 | 23.2 |
| Promoter Holding | 13.25% | 10.90% |
| Market Cap | ₹815.60 Cr. |
The IVRCL Infrastructures & Projects FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 13.71 | 36,68,340 | 5,02,97,623 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Marketing costs (advertising expenses, road shows) | 0.58 |
| 2 | Printing, Registrar costs, stamp duty, listing, depository costs and other expenses | 1.52 |
| 3 | Fees payable to the BRLM, legal counsel, Auditors | 4.21 |
| Total | 6.31 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹395.00 | ₹395.00 |
| Open | ₹434.60 | ₹435.00 |
| Low | ₹408.50 | ₹408.05 |
| High | ₹434.60 | ₹435.00 |
| Last Trade | ₹412.85 | ₹412.25 |
Lead Manager Reports
IVRCL Infrastructures & Projects FPO is a main-board FPO of 36,68,340 equity shares of the face value of ₹10 aggregating up to ₹145 Crores. The issue is priced at ₹395 per share. The minimum order quantity is .
The FPO opens on Fri, Mar 18, 2005, and closes on Wed, Mar 23, 2005.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in IVRCL Infrastructures & Projects FPO using UPI as a payment gateway. Zerodha customers can apply in IVRCL Infrastructures & Projects FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IVRCL Infrastructures & Projects FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IVRCL Infrastructures & Projects FPO opens on Fri, Mar 18, 2005 and closes on Wed, Mar 23, 2005.
IVRCL Infrastructures & Projects FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in IVRCL Infrastructures & Projects FPO 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 IVRCL Infrastructures & Projects FPO will be done on Tuesday, April 5, 2005, and the allotted shares will be credited to your demat account by . Check the IVRCL Infrastructures & Projects FPO allotment status.
The IVRCL Infrastructures & Projects FPO listing date is on Mon, Apr 11, 2005.
