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Alkali Metals IPO is a book built issue of Rs 26.27 crores.
Alkali Metals IPO bidding started from October 7, 2008 and ended on October 15, 2008. The shares got listed on BSE, NSE on November 6, 2008.
Alkali Metals IPO price band is set at ₹86 to ₹103 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹6,695.
Saffron Capital Advisors Private Limited is the book running lead manager of the Alkali Metals IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Alkali Metals IPO DRHP for detailed information.
| IPO Date | October 7, 2008 to October 15, 2008 |
| Listing Date | November 6, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹86 to ₹103 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 2,550,000 shares (aggregating up to ₹26.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,632,506 |
| Share holding post issue | 10,182,506 |
Investors can bid for a minimum of 65 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 | 65 | ₹6,695 |
| Retail (Max) | 29 | 1885 | ₹194,155 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 74.95% |
Incorporated in 1968, Alkali Metals Limited is a Hyderabad based manufacturer of sodium derivatives, pyridine derivatives and verity of fine chemicals. Products in these categories include amides, hydrides, alkoxides, azides, tetrazoles, pyridine compounds, cyclic compounds, drug and pharma intermediates, specialty fine chemicals etc. Apart from the above, Alkali has developed 246 products in the aforesaid categories.
Company has two manufacturing facilities. Both of these facilities are ISO 9001: 2000 and ISO 14001:2004 certified with combined installed capacity of 4,400 MTPA.
Being more then 35 years old, company has list of long term clients specially in the field of Petrochemicals, Chlor- Alkali & Inorganic chemicals, Organic chemicals, Paints and dyes, Fine and specialties and Agrochemicals. Company’s top three customer’s account for 18.16% of its turnover for the FY 2008 and top 10 customers account for 42.81% of its turnover.
| Particulars | For the year/period ended (Rs. in Millions) | ||||
| 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 653.35 | 640.00 | 649.36 | 406.89 | 426.45 |
| Profit After Tax (PAT) | 79.32 | 76.05 | 132.99 | 47.05 | 63.34 |
| KPI | Values |
|---|---|
| RoNW | 23.27% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. Setting up of an Active Pharmaceutical Ingredients (API) plant at Jawaharlal Nehru Pharma City at Visakhapatnam with an installed capacity of 672 MTPA;
2. General Corporate Purposes.
The Alkali Metals IPO is subscribed 1.04 times on October 15, 2008 5:00:00 PM. The public issue subscribed 0.63 times in the retail category, 0.72 times in the QIB category, and 3.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
ICRA has assigned an IPO Grade 2 to AML IPO. This means as per ICRA, company has below average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
NSE Notice (Posted on Friday, Oct 10 2008)
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of ALKALI METALS LIMITED will close on Oct 15, 2008 instead of the earlier closing day on Oct 10, 2008. Further price band has revised from Rs 90 /- to Rs 105 /- per share to Rs 86 /- to Rs 103 /- per share.
| Listing Date | November 6, 2008 |
| BSE Script Code | 533029 |
| NSE Symbol | ALKALI |
| ISIN | INE773I01017 |
| Final Issue Price | ₹103 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹103.00 |
| ₹90.00 |
| ₹90.50 |
| ₹179.30 |
| ₹173.15 |
| NSE |
|---|
| ₹103.00 |
| ₹99.00 |
| ₹99.00 |
| ₹179.00 |
| ₹173.40 |
Alkali Metals Limited
Alkali Metals Limited,
B-5, Block III, Industrial Development Area, Uppal
Hyderabad-500 039, Andhra Pradesh, India
Phone: +91 40 2720 2298
Email: secretarial@alkalimetals.com
Website: http://www.alkalimetals.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Alkali Metals IPO is a main-board IPO of 2,550,000 equity shares of the face value of ₹10 aggregating up to ₹26.27 Crores. The issue is priced at ₹86 to ₹103 per share. The minimum order quantity is 65 Shares.
The IPO opens on October 7, 2008, and closes on October 15, 2008.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Alkali Metals IPO opens on October 7, 2008 and closes on October 15, 2008.
Alkali Metals IPO lot size is 65 Shares, and the minimum amount required is ₹6,695.
You can apply in Alkali Metals 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 Alkali Metals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Alkali Metals IPO allotment status.
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