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Advanta IPO is a book built issue of Rs 216.32 crores.
Advanta IPO bidding started from March 26, 2007 and ended on March 30, 2007. The shares got listed on BSE, NSE on April 19, 2007.
Advanta IPO price band is set at ₹600 to ₹650 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹6,500.
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Ubs Securities India Private Limited and Yes Bank Limited are the book running lead managers of the Advanta IPO, while Sharepro Services Private Limited is the registrar for the issue.
Refer to Advanta IPO RHP for detailed information.
| IPO Date | March 26, 2007 to March 30, 2007 |
| Listing Date | April 19, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹600 to ₹650 per share |
| Lot Size | 10 Shares |
| Total Issue Size | 3,380,000 shares (aggregating up to ₹216.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 13,454,500 |
| Share holding post issue | 16,834,500 |
Investors can bid for a minimum of 10 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 | 10 | ₹6,500 |
| Retail (Max) | 30 | 300 | ₹195,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 82.52% |
| Share Holding Post Issue | 65.96% |
Advanta India Limited is the leading international agronomic seed company based in Bangalore India. Advanta also operates in Australia, Thailand and Argentina.
Advanta is among global leaders in technical plant breeding and in the application of biotechnology to develop new hybrids and varieties of field crops and broad acre vegetable seed products, including sorghum, canola, sunflower, corn, hybrid rice and hybrid mustard.
Advanta's research and development efforts are in the areas of superior breeding programs and bioscience techniques that have driven the development of a portfolio of elite, proprietary and highly differentiated germplasm.
Advanta India Limited is a wholly-owned subsidiary of United Phosphorus Ltd. (“UPL”), an Indian company in the agrochemical business.
| KPI | Values |
|---|---|
| RoNW | 17.78% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and
1. Investment in subsidiary, Advanta Holding B.V.;
2. Working capital requirements;
3. General corporate purpose; and
4. Meet Issue related expenses.
The Advanta IPO is subscribed 3.98 times on March 30, 2007 5:00:00 PM. The public issue subscribed 0.26 times in the retail category, 6.47 times in the QIB category, and 0.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | April 19, 2007 |
| BSE Script Code | 532840 |
| NSE Symbol | ADVANTA |
| ISIN | INE517H01028 |
| Final Issue Price | ₹650 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹650.00 |
| ₹640.00 |
| ₹591.00 |
| ₹992.90 |
| ₹850.05 |
| NSE |
|---|
| ₹650.00 |
| ₹665.00 |
| ₹585.35 |
| ₹1,000.00 |
| ₹845.50 |
Advanta India Limited
Advanta India Limited,
405, 4th Floor, 'A' Wing, Carlton Towers No. 1,
Airport Road, Bangalore 560 008, India
Phone: (+91 80) 2520 9941
Email: ipo@advantaindia.com
Website: http://www.advantaindia.com
Sharepro Services Private Limited
Phone: 9999999999
Email: ipoadvanta@shareproservices.com
Website:
Advanta IPO is a main-board IPO of 3,380,000 equity shares of the face value of ₹10 aggregating up to ₹216.32 Crores. The issue is priced at ₹600 to ₹650 per share. The minimum order quantity is 10 Shares.
The IPO opens on March 26, 2007, and closes on March 30, 2007.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Advanta IPO opens on March 26, 2007 and closes on March 30, 2007.
Advanta IPO lot size is 10 Shares, and the minimum amount required is ₹6,500.
You can apply in Advanta 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 Advanta IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Advanta IPO allotment status.
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