Bookbuilding FPO | ₹240 Cr | Listed at BSE, NSE | Fri, Nov 18, 2005 - Fri, Nov 25, 2005
Triveni Engineering & Industries FPO is a book build issue of ₹240.00 crores. The issue is entirely a fresh issue of 5.00 crore shares of ₹240.00 crore.
Triveni Engineering & Industries FPO bidding started from Nov 18, 2005 and ended on Nov 25, 2005. The shares got listed on NSE and BSE on Dec 13, 2005.
Triveni Engineering & Industries FPO is set final issue price at ₹48 per share.
JM Morgan Stanley Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Triveni Engineering & Industries FPO RHP for detailed Information.
FPO Open
Fri, Nov 18, 2005
FPO Close
Fri, Nov 25, 2005
Issue Price
₹48 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 18 to 25 Nov, 2005 |
| Listed on | Tue, Dec 13, 2005 |
| Face Value | ₹1 per share |
| Price Band | ₹42 to ₹50 |
| Issue Price | ₹48 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,00,00,000 shares (agg. up to ₹240 Cr) |
| Fresh Issue | 5,00,00,000 shares (agg. up to ₹240 Cr) |
| Share Holding Pre Issue | 20,78,80,150 shares |
| Share Holding Post Issue | 25,78,80,150 shares |
| BSE Script Code / NSE Symbol | 532356 / TRIVENI |
| ISIN | INE256C01024 |
Triveni Engineering & Industries FPO comprises a total issue size of 5,00,00,000 shares. Out of which, 2,50,00,000 (50.00%) are allocated to QIB, 75,00,000 (15.00%) allocated to NII 1,75,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 2,50,00,000 | 50.00% |
| NII (HNI) Shares Offered | 75,00,000 | 15.00% |
| Retail Shares Offered | 1,75,00,000 | 35.00% |
| Total Shares Offered | 5,00,00,000 | 100.00% |
Incorporated in 1932, Triveni Engineering & Industries Limited is engaged in the manufacturing of sugar and engineering products.
The company commenced sugar production in 1933 and has since expanded its operations to include co-generation of power and diversified engineering businesses.
The company operates in two primary segments: sugar production (along with co-generation of electricity) and engineering. Its sugar manufacturing units are located in Uttar Pradesh at Khatauli, Deoband, and Ramkola, with a combined crushing capacity of 29,500 tonnes crushed per day (TCD). These facilities are supported by bagasse-based captive power generation units.
The engineering segment includes the manufacture of turbines, gearboxes, and water and wastewater treatment solutions. The turbine business is based in Bengaluru, the gears business in Mysuru, and the water treatment business in Noida.
Triveni Engineering & Industries Limited supplies sugar across multiple states in India and serves industrial clients through its engineering divisions. As of September 30, 2005, the company had 3,805 employees.
| Period Ended | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 492.54 | 594.16 | 599.67 |
| Total Income | 252.16 | 964.57 | 595.73 |
| Profit After Tax | 24.98 | 85.66 | 4.17 |
| NET Worth | 188.34 | 171.93 | 102.51 |
| Reserves and Surplus | 188.93 | 182.93 | 113.64 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| K.M.Sugar Mills Ltd. | Mainboard | ₹33.28 Cr | ₹52 | null | ₹52.25 | +0.48% | ₹29.18 (+2.53%) |
| Shree Renuka Sugars Ltd. | Mainboard | ₹110.00 Cr | ₹285 | null | ₹261.85 | -8.12% | ₹22.37 (-0.84%) |
| Dwarikesh Sugar Industries Ltd. | Mainboard | ₹32.53 Cr | ₹65 | null | ₹133.00 | +104.62% | ₹44.08 (+2.08%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Establishment of sugar plant at Sabitgarh, Uttar Pradesh | 135.50 |
| 2 | Establishment of co-generation plant in Khatauli, Uttar Pradesh | 19.86 |
| 3 | Expansion of infrastructure of the Turbine Business at Bangalore, Karnataka | 18.44 |
| 4 | Expansion of infrastructure of the Gears Business at Mysore, Karnataka | 17.62 |
| 5 | General Corporate Purposes | |
| 6 | Issue expenses | |
| Total | 191.42 |
| KPI | Mar 31, 2004 | Mar 31, 2005 |
|---|---|---|
| RoNW | 4.34% | 52.20% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.01% | 72.56% |
The Triveni Engineering & Industries FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 10.08 | 5,00,00,000 | 50,38,89,741 | |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹48.00 | ₹48.00 |
| Open | ₹52.55 | ₹53.25 |
| Low | ₹52.15 | ₹53.25 |
| High | ₹67.50 | ₹67.25 |
| Last Trade | ₹64.85 | ₹64.92 |
Lead Manager Reports
Triveni Engineering & Industries FPO is a main-board FPO of 5,00,00,000 equity shares of the face value of ₹1 aggregating up to ₹240 Crores. The issue is priced at ₹48 per share. The minimum order quantity is .
The FPO opens on Fri, Nov 18, 2005, and closes on Fri, Nov 25, 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 Triveni Engineering & Industries FPO using UPI as a payment gateway. Zerodha customers can apply in Triveni Engineering & Industries FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Triveni Engineering & Industries FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Triveni Engineering & Industries FPO opens on Fri, Nov 18, 2005 and closes on Fri, Nov 25, 2005.
Triveni Engineering & Industries FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Triveni Engineering & Industries 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 Triveni Engineering & Industries FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Triveni Engineering & Industries FPO allotment status.
The Triveni Engineering & Industries FPO listing date is on .
