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Loyal Equipments Ltd IPO (Loyal Equipments IPO) Detail

July 3, 2015 - July 7, 2015

Loyal Equipments IPO is a fixed price issue of Rs 3.24 crores.

Loyal Equipments IPO bidding started from July 3, 2015 and ended on July 7, 2015. The shares got listed on BSE SME on July 16, 2015.

Loyal Equipments IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.

Hem Securities Limited is the book running lead manager of the Loyal Equipments IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.

Refer to Loyal Equipments IPO RHP for detailed information.

Loyal Equipments IPO Details

IPO Date July 3, 2015 to July 7, 2015
Listing Date July 16, 2015
Face Value ₹10 per share
Price ₹18 per share
Lot Size 8000 Shares
Total Issue Size1,800,000 shares
(aggregating up to ₹3.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Loyal Equipments IPO Lot Size

Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 8000 ₹144,000
Retail (Max) 1 8000 ₹144,000
Lot Size Calculator

About Loyal Equipments Ltd

Incorporated in 2007, Loyal Equipments Ltd (LEL) is an ISO 9001:2008 certified company engaged in manufacturing and supplying of Coded Pressure Vessels & Heat Exchangers (Ferrous & Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, Site Fabrication & Erection Activities.

These products are widely used in the industries like Petro-chemicals, Compressor Industries, Power Plants, Fertilizers, Refinery, Pharmaceuticals and Dairy Industry. All these products are manufactured on tailor made basis to suit customers needs. LML's client list includes RIL, Larsen & Turbo, Ingersoll Rand, Engineers India, Kirloskar, Bharat Pumps etc.

Objects of the Issue (Loyal Equipments IPO Objectives)

The object of the issue are to:

1. To meet Working Capital Requirement;
2. To Meet the Issue Expenses.

Loyal Equipments IPO Review (May apply)

[Dilip Davda]  

If we attribute FY 2015 earnings on current equity then asking price is at a P/E of 4.5 and on fully diluted post equity it is at a P/E of 6.18 that appears reasonable against industry composite P/E of 35.

On merchant banker’s front, this is 15th IPO from its stable and it has mixed trends for its past thirteen listed mandates. Last IPO of Junction Fabric is yet to be listed.

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.

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Loyal Equipments IPO Prospectus

Loyal Equipments IPO Rating

Rating:Rated 3.5 stars
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Loyal Equipments IPO Listing Details

Listing Date July 16, 2015
BSE Script Code 539227
NSE Symbol
ISIN INE876S01017
Final Issue Price ₹18 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Loyal Equipments Ltd Contact Details

Loyal Equipments Ltd
Block No. 35/1-2-3-4,
Village Zak,
Dahegam, Gujarat-382330
Phone: +91-2718-247236

Loyal Equipments IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606

Loyal Equipments IPO - Buy or Not

Loyal Equipments IPO Recommendation Summary

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Members 0 0 0

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Loyal Equipments IPO FAQs

Loyal Equipments IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.

The IPO opens on July 3, 2015, and closes on July 7, 2015.

Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Loyal Equipments IPO opens on July 3, 2015 and closes on July 7, 2015.

Loyal Equipments IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.

You can apply in Loyal Equipments IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Loyal Equipments IPO listing date is on July 16, 2015.
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Loyal Equipments IPO Message Board

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2. deepa S |   Link |  Bookmark |July 7, 2015 11:37:44 AM
please let me know when SMC GLOBAL ipo will come
1. vijay sahajwani |   Link |  Bookmark |July 6, 2015 10:29:41 PM
Should I invest for listing gain?