Bookbuilding FPO | ₹221 Cr | Listed at NSE, BSE | Thu, Feb 26, 2004 - Thu, Mar 4, 2004
DREDGING CORP OF INDIA IPO is a book build issue of ₹221.20 crores. The issue is entirely an offer for sale of 0.56 crore shares of ₹221.20 crore.
DREDGING CORP OF INDIA IPO bidding started from Feb 26, 2004 and ended on Mar 4, 2004.
DREDGING CORP OF INDIA IPO is set final issue price at ₹400 per share.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to for detailed Information.
FPO Open
Thu, Feb 26, 2004
FPO Close
Thu, Mar 4, 2004
Issue Price
₹400 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 26 Feb to 4 Mar, 2004 |
| Listed on | Fri, Mar 19, 2004 |
| Face Value | ₹10 per share |
| Price Band | ₹385 to ₹400 |
| Issue Price | ₹400 per share |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | NSE, BSE |
| Retail Discount | Rs 20.00 per share |
| Total Issue Size | 56,00,000 shares (agg. up to ₹221 Cr) |
| Offer for Sale | 56,00,000 shares of ₹10 (agg. up to ₹221 Cr) |
| Share Holding Pre Issue | 2,80,00,000 shares |
| Share Holding Post Issue | 2,80,00,000 shares |
| BSE Script Code / NSE Symbol | 523618 / DREDGECORP |
| ISIN | INE506A01018 |
DREDGING CORP OF INDIA IPO comprises a total issue size of 56,00,000 shares. Out of which, 28,00,000 (50.00%) are allocated to QIB, 14,00,000 (25.00%) allocated to NII 14,00,000 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 28,00,000 | 50.00% |
| NII (HNI) Shares Offered | 14,00,000 | 25.00% |
| Retail Shares Offered | 14,00,000 | 25.00% |
| Total Shares Offered | 56,00,000 | 100.00% |
Incorporated in 1976, Dredging Corporation of India Limited is engaged in providing integrated dredging services for ports, harbours, and maritime infrastructure projects in India and overseas. The company operates under the administrative control of the Ministry of Shipping.
The company provides services including maintenance dredging, capital dredging, land reclamation, beach nourishment, and hydrographic surveys. It primarily serves major ports, non-major ports, and private ports across India.
Dredging Corporation of India Limited operates a fleet of dredgers with significant annual dredging capacity and has a leading presence in the Indian maintenance dredging market. The company also undertakes selected capital dredging projects in domestic and international markets.
As of fiscal 2003, the company operated 12 dredgers and handled dredging activities across multiple Indian ports. The company reported income of Rs. 5,195.2 million and adjusted profit after tax of Rs. 1,574.9 million for fiscal 2003.
| Period Ended | 30 Sep 2003 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Total Income | 251.80 | 519.52 | 501.53 |
| Profit After Tax | 77.61 | 157.49 | 88.15 |
| NET Worth | 735.47 | 657.86 | 531.96 |
| Reserves and Surplus | 707.47 | 629.86 | 503.96 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2003 |
|---|---|
| RoNW | 23.87% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.6% | 78.6% |
The Dredging Corp.of India IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 17.79 | 56,00,000 | 9,96,17,025 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brokerage, fees payable to the BRLMs, Syndicate Members, other advisors to the Offer, fees of Legal Advisors to the Offer and Auditors, stamp duty, printing, publication, advertising and distribution expenses, bank charges, fees payable to the Registrar to the Offer and other miscellaneous expenses | |
| Total | 0.00 |
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Lead Manager Reports
Dredging Corp.of India IPO is a main-board FPO of 56,00,000 equity shares of the face value of ₹10 aggregating up to ₹221 Crores. The issue is priced at ₹400 per share. The minimum order quantity is .
The FPO opens on Thu, Feb 26, 2004, and closes on Thu, Mar 4, 2004.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on NSE, BSE.
Zerodha customers can apply online in Dredging Corp.of India IPO using UPI as a payment gateway. Zerodha customers can apply in Dredging Corp.of India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dredging Corp.of India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dredging Corp.of India IPO opens on Thu, Feb 26, 2004 and closes on Thu, Mar 4, 2004.
Dredging Corp.of India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Dredging Corp.of India IPO 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 Dredging Corp.of India IPO will be done on Friday, March 19, 2004, and the allotted shares will be credited to your demat account by . Check the Dredging Corp.of India IPO allotment status.
The Dredging Corp.of India IPO listing date is on .
