Incorporated in 1997, Spice Communications Limited (or Spice Telecom) is a cellular services provider in the states of Punjab and Karnataka in India. Spice Telecom has around 14.26% market share in these states.
Spice total billable subscribers as on December 31, 2006 were 1.86 million comprising approximately 1.41 million pre-paid subscribers and approximately 0.45 million post-paid subscribers. In three years ended June 30, 2004, 2005 and 2006, Spice telecom's total income was Rs. 5,544 million, Rs. 6,430.59 million and Rs. 6,804.53 million, respectively.
Malaysia’s incumbent service provider Telekom Malaysia (TM) holds a 49%, while industrialist and Modi group chairman B K Modi owns the remaining 51% stake in Spice Communications.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
1. Part payment of long term debt;
2. Payment for NLD/ILD license fees and
3. Meet capital expenditure requirements.
IPO Opening Date | Jun 25, 2007 |
IPO Closing Date | Jun 27, 2007 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹41 to ₹46 per equity share |
Market Lot | 135 Shares |
Min Order Quantity | 135 Shares |
Listing At | BSE |
Issue Size | 113,111,111 Eq Shares of ₹10 (aggregating up to ₹520.31 Cr) |
The Spice Telecom IPO market lot size is 135 shares. A retail-individual investor can apply for up to 32 lots (4320 shares or ₹198,720).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 135 | ₹6,210 |
Maximum | 32 | 4320 | ₹198,720 |
Delisting of Spice Communications Limited
Spice Communications Limited (BSE 532863) delisted from May 21, 2010 after its merger with Idea Cellular Limited.
The Spice Telecom IPO is subscribed 37.63x times on Jun 27, 2007 17:00. The public issue subscribed 4.05x in the retail category, 58.60x in the QIB category, and 19.23x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
Total | 37.63x |
Spice Communications Limited
Spice Communications Limited,
60-D Sainik Farms,
New Delhi – 110062, India
Phone: (91 11) 6546 9839
Email: complianceofficer@spiceindia.com
Website: http://www.spiceindia.com
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: mailmanager@karvy.com
Website: https://karisma.kfintech.com/
Spice Telecom IPO is a main-board IPO of 113,111,111 equity shares of the face value of ₹10 aggregating up to ₹520.31 Crores. The issue is priced at ₹41 to ₹46 per equity share. The minimum order quantity is 135 Shares.
The IPO opens on Jun 25, 2007, and closes on Jun 27, 2007.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Spice Telecom IPO opens on Jun 25, 2007 and closes on Jun 27, 2007.
Spice Telecom IPO lot size is 135 Shares and the minimum order quantity is 135 Shares.
You can apply in Spice Telecom 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Spice Telecom IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Spice Telecom IPO allotment status.
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