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Bhagwati Banquets And Hotels Ltd IPO (Bhagwati Hotels IPO) Detail

April 18, 2007 - April 25, 2007

Bhagwati Hotels IPO is a book built issue of Rs 92.00 crores.

Bhagwati Hotels IPO bidding started from April 18, 2007 and ended on April 25, 2007. The shares got listed on BSE, NSE on May 17, 2007.

Bhagwati Hotels IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 175 Shares. The minimum amount of investment required by retail investors is ₹7,000.

Chartered Capital And Investment Limited is the book running lead manager of the Bhagwati Hotels IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Bhagwati Hotels IPO RHP for detailed information.

Bhagwati Hotels IPO Details

IPO Date April 18, 2007 to April 25, 2007
Listing Date May 17, 2007
Face Value ₹10 per share
Price Band ₹36 to ₹40 per share
Lot Size 175 Shares
Total Issue Size23,000,000 shares
(aggregating up to ₹92.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue6,286,400
Share holding post issue29,286,400

Bhagwati Hotels IPO Lot Size

Investors can bid for a minimum of 175 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) 1 175 ₹7,000
Retail (Max) 28 4900 ₹196,000
Lot Size Calculator

Bhagwati Hotels IPO Promoter Holding

Share Holding Pre Issue 93.51%
Share Holding Post Issue 35.59%

About Bhagwati Banquets And Hotels Ltd

Incorporated in November 1999, Bhagwati Banquets And Hotels Ltd (BBHL) is in the business of banquet halls, marriage halls, party halls and plots, hotels, restaurants, catering and cafe, taveran, refreshment room, entertainments, amusements, club, bath, grounds and places of recreation, sports, picnic places and hotel related services.

At present BBHL operate and manage one Hotel under the name “The Grand Bhagwati” and a chain of Restaurants at various locations in Ahmedabad, Gujrat.

BBHL is expanding its presence in Ahmedabad through the opening and acquisition of new restaurants and starting a new five star hotel at Surat.

Key Performance Indicator

Objects of the Issue (Bhagwati Hotels IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and
To raise capital for financing our expansion plans and
Capital expenditure for setting up a hotel in Surat.


Bhagwati Hotels IPO Subscription Status (Bidding Detail)

The Bhagwati Hotels IPO is subscribed 1.83 times on April 25, 2007 5:00:00 PM. The public issue subscribed 3.09 times in the retail category, 0.42 times in the QIB category, and 3.55 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Bhagwati Hotels IPO Prospectus

Bhagwati Hotels IPO Rating

44
2.8
Rating:Rated 2.8 stars
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Bhagwati Hotels IPO Listing Details

Listing Date May 17, 2007
BSE Script Code 532845
NSE Symbol TGBHOTELS
ISIN INE797H01018
Final Issue Price ₹40 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹40.00
₹46.35
₹45.35
₹57.20
₹50.65
NSE
₹40.00
₹45.00
₹30.00
₹57.35
₹49.05

Check IPO Performance…

Bhagwati Banquets And Hotels Ltd Contact Details

Bhagwati Banquets And Hotels Ltd
Bhagwati Banquets And Hotels Ltd,
Plot No 380, Sarkhej Gandhinagar Highway,
Bodakdev, Ahmedabad-380054, India
Phone: +91-79-26841000
Email: companysecretary@thegrandbhagwati.com
Website: http://www.thegrandbhagwati.com

Bhagwati Hotels IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: bbhl@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Bhagwati Hotels IPO - Buy or Not

Bhagwati Hotels IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Bhagwati Hotels IPO FAQs

Bhagwati Hotels IPO is a main-board IPO of 23,000,000 equity shares of the face value of ₹10 aggregating up to ₹92.00 Crores. The issue is priced at ₹36 to ₹40 per share. The minimum order quantity is 175 Shares.

The IPO opens on April 18, 2007, and closes on April 25, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bhagwati Hotels IPO opens on April 18, 2007 and closes on April 25, 2007.

Bhagwati Hotels IPO lot size is 175 Shares, and the minimum amount required is ₹7,000.

You can apply in Bhagwati Hotels 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 Bhagwati Hotels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhagwati Hotels IPO allotment status.

The Bhagwati Hotels IPO listing date is on May 17, 2007.
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Bhagwati Hotels IPO Message Board

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27 Comments

27. mils |   Link |  Bookmark |June 18, 2007 1:58:31 PM
it's an 80 rs stock in 1 yr. Buy now at the current rate of 42 rs. I told u guys to buy last week when it was 36. within 1 week it is 6 rs jump from 36 to 42. Still it's not late.
26. mils |   Link |  Bookmark |June 15, 2007 1:10:57 PM
Look at the current price & volume guys, whatever i told u in the mng (& also since last 3 days)has come true.Even now it's not too late.
25. mils |   Link |  Bookmark |June 15, 2007 11:48:25 AM
Buy at current rate 38 rs. It will touch 40 rs today before close. 80 rs in 1 yr.highly recommended. See the volumes at which it is being traded. Today is the board meeting
24. mils |   Link |  Bookmark |June 14, 2007 11:23:02 AM
It is trading at 38.Go & have a kill. Buy at this rate. It's 2rs up in last 2 days, since i first reported to buy at 36 rs. It will be 80 rs in 1 year. This is the best bet at this price with current scenario
23. mils |   Link |  Bookmark |June 13, 2007 1:30:35 PM
Look at the current price. It's 38. It's already up by 2 rupees since yesterday since i told u to buy. Even now it is a good bet. It is 80 rs worth stock in another 1 year. 100% profit in one year. Go & buy even now at this rate of 38 rs. It is a very good bet
22. mils |   Link |  Bookmark |June 12, 2007 3:40:32 PM
A good bet at this rate.Expected to cross 40 in next 2 weeks. Board meeting is on 15th.
21. sunanda |   Link |  Bookmark |May 30, 2007 5:02:41 PM
The pricicng is down day by Day is it the reight time to sell.
20. tr |   Link |  Bookmark |May 17, 2007 12:04:44 AM
ahmedabad stock price of bhagwati going at 28 rs.
may go orient ceramics way 20-21 rs is the correct price for it
19. anand |   Link |  Bookmark |May 16, 2007 9:45:12 PM
going to be listed at price of 70/-
18. TC |   Link |  Bookmark |May 10, 2007 1:09:06 AM
buy this stock at 12 rs.12-15 rs correct price for this bad ipo.
cheater people run away with the money.
17. amitkumararora |   Link |  Bookmark |May 9, 2007 7:20:41 PM
Allotment out on intime spectrum.
16. ramanna |   Link |  Bookmark |April 26, 2007 5:46:50 PM
Congrates! retail investors. You have ).6times of qib quota also. U will get more allottment and an opportunity to loose money!!!
15. manish |   Link |  Bookmark |April 26, 2007 10:46:43 AM
very low qib interest,same poor qib interest in raj tv ipo
raj tv currnetly at discount.book profit if any on 1st day
14. ramanna |   Link |  Bookmark |April 25, 2007 9:51:11 AM
this types of issues will give listing gains only if on listing day if market makes strong positive movews. Othere wise 10-20% listing loss is for sure.
13. manish |   Link |  Bookmark |April 22, 2007 9:56:59 PM
grade 1 & grade 2 poooooooor ipo
12. chintan |   Link |  Bookmark |April 21, 2007 4:52:23 PM
please stay away for this ipo if invest this sector invest in indian hotel or buy this stock after listing 4-5 days.
11. AMIT SEHGAL |   Link |  Bookmark |April 20, 2007 1:06:56 PM
DEAR CAN U TELL ME THAT WHICH KIND OF ISSUE IS THIS BHAGWATI HOPTELS.
10. Vikram R |   Link |  Bookmark |April 18, 2007 9:55:01 PM
MC Expert Comments:

R S Iyer (KR Choksey) - Apply
Hilton Metal is an average issue and there is no counter demand for the issue. It's a low profile company. Only long term investors can apply for the issue. Keep a cautious approach before applying any issue.

SP Tulsian (Investment Advisor) - Don’t Apply
He advised investors to ignore Hilton Metal IPO as there is no good track record of the company; valuations also weak and no fancy. It is an average issue.
9. srinath |   Link |  Bookmark |April 17, 2007 12:53:12 PM
Instead you may buy Viceroy hotels at CMP. They have ambitious plans and will double by October 2007
8. Dr. biren parikh |   Link |  Bookmark |April 13, 2007 10:16:41 PM
Dont subscribe. as this is project 4 five star hotel in surat. it will generate revenueafter 3 yrs. buy any good shares insted of this