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Pennar Engineered IPO is a book built issue of Rs 156.19 crores.
Pennar Engineered IPO bidding started from August 25, 2015 and ended on August 27, 2015. The shares got listed on BSE, NSE on September 10, 2015.
Pennar Engineered IPO price band is set at ₹170 to ₹178 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,240.
Axis Bank Limited, Karvy Investor Services Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Pennar Engineered IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Pennar Engineered IPO RHP for detailed information.
| IPO Date | August 25, 2015 to August 27, 2015 |
| Listing Date | September 10, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹178 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 8,774,567 shares (aggregating up to ₹156.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Pennar Engineered IPO a total of 6,295,536 shares are offered. QIB: 1,831,583 (29.09%), NII: 1,339,186 (21.27%), RII: 3,124,767 (49.63%). Minimum number of shares to be allotted to RIIs : 80 shares. Minimum number of shares to be allotted to NIIs (sNII/bNII) : 1200 shares.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,831,583 (29.09%) | NA |
| NII (HNI) Shares Offered | 1,339,186 (21.27%) | |
| Retail Shares Offered | 3,124,767 (49.63%) | 39,059 |
| Total Shares Offered | 6,295,536 (100%) |
Investors can bid for a minimum of 80 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 | 80 | ₹14,240 |
| Retail (Max) | 14 | 1120 | ₹199,360 |
| Lot Size Calculator | |||
Incorporate in January 2010, Pennar Engineered Building Systems Ltd is engaged in the business of custom designed building systems solutions. Company's capabilities include designing, manufacturing, supply and assembly of custom designed building systems. Company's products and services include pre-engineered buildings, design and engineering services, solar
module mounting structures, cold form buildings and structural steel products which are widely used for various manufacturing, warehousing, industrial, infrastructure and custom designed commercial buildings.
Pennar Engineered Building Systems Ltd is a subsidiary of Pennar Industries, the manufacturer of engineering products.
Company's core product is steel buildings which are custom designed and fabricated to
every customer's requirements in accordance with the applicable standards. The fabrication of pre-engineered building components is carried out in its manufacturing facility as per detailed designs created by us and approved by the customers.
Pennar Engineered Building Systems Ltd have completed design, manufacturing, supply and assembly of 82,120 MT covering sqm area of 18,16,266 pennar engineered buildings in various sectors including warehousing, retail and manufacturing; design, supply and erection of solar module mounting structures for generation of solar power; design, manufacturing, supply and
erection of structural steel buildings and cold form buildings.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 3,697.47 | 2,909.61 | 2,489.13 | |
| Profit After Tax (PAT) | 181.86 | 147.62 | 105.82 | |
The proceeds of the fresh issue after deducting the Issue related expenses for the are:
1. Repayment/ prepayment, in full or part, of certain working capital facilities availed by the Company;
2. Financing the procurement of infrastructure (including software and hardware) for the expansion of its design and engineering services; and
3. General corporate purposes
[Dilip Davda]
Being first mover in the segment, issue is aggressively priced. Pennar group is not having any fancy among investors. Hence only risk aver investors may park moderate fund for medium to long term as this IPO being below Rs. 250 crore, will attract "T" tag in initial listing period and will keep short term players away from it.
Read detail review...The Pennar Engineered IPO is subscribed 1.15 times on Aug 27, 2015 8:30:00 PM. The public issue subscribed 0.41 times in the retail category, 2.20 times in the QIB category, and 1.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.20 |
| NII | 1.44 |
| Retail | 0.41 |
| Total | 1.15 |
PUBLIC ISSUE OF 8,774,567 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF PENNAR ENGINEERED BUILDING SYSTEMS LIMITED, (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 178 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 168 PER EQUITY SHARE) AGGREGATING TO RS 1,561.87 MILLION CONSISTING OF A FRESH ISSUE OF 3,258,426 EQUITY SHARES AGGREGATING TO RS 580 MILLION BY OUR COMPANY (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 5,516,141 EQUITY SHARES BY THE SELLING SHAREHOLDERS (AS DEFINED IN 'DEFINITIONS AND ABBREVIATIONS' ON PAGE 6 OF THE PROSPECTUS) AGGREGATING TO RS 981.87 MILLION (THE'OFFER FOR SALE' AND THE FRESH ISSUE ARE TOGETHER REFERRED TO AS, THE 'ISSUE'). THE ISSUE WILL CONSTITUTE 25.60% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| Listing Date | September 10, 2015 |
| BSE Script Code | 539333 |
| NSE Symbol | PENPEBS |
| ISIN | INE455O01019 |
| Final Issue Price | ₹178 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹178.00 |
| ₹150.00 |
| ₹150.00 |
| ₹157.50 |
| ₹157.50 |
| NSE |
|---|
| ₹178.00 |
| ₹177.95 |
| ₹169.10 |
| ₹177.95 |
| ₹169.50 |
Pennar Engineered Building Systems Ltd
9th Floor, DHFLVC Silicon Towers
Kondapur, Hyderabad 500 084
Telangana, India
Phone: +91 40 4021 0525
Email: cs@pebspennar.com
Website: http://www.pebspennar.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/
Pennar Engineered IPO is a main-board IPO of 8,774,567 equity shares of the face value of ₹10 aggregating up to ₹156.19 Crores. The issue is priced at ₹170 to ₹178 per share. The minimum order quantity is 80 Shares.
The IPO opens on August 25, 2015, and closes on August 27, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Pennar Engineered IPO opens on August 25, 2015 and closes on August 27, 2015.
Pennar Engineered IPO lot size is 80 Shares, and the minimum amount required is ₹14,240.
You can apply in Pennar Engineered 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 Pennar Engineered IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pennar Engineered IPO allotment status.
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