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Loyal Equipments IPO is a fixed price issue of Rs 3.24 crores.
Loyal Equipments IPO bidding started from July 3, 2015 and ended on July 7, 2015. The shares got listed on BSE SME on July 16, 2015.
Loyal Equipments IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Hem Securities Limited is the book running lead manager of the Loyal Equipments IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.
Refer to Loyal Equipments IPO RHP for detailed information.
| IPO Date | July 3, 2015 to July 7, 2015 |
| Listing Date | July 16, 2015 |
| Face Value | ₹10 per share |
| Price | ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹3.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,000,000 |
| Share holding post issue | 6,800,000 |
Investors can bid for a minimum of 8000 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 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Mr. Rameshchandra Nathalal Patel
2. Mr. Alkesh Rameshchandra Patel
3. Mrs. Jyotsanaben Rameshchandra Patel
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.53% |
Incorporated in 2007, Loyal Equipments Ltd (LEL) is an ISO 9001:2008 certified company engaged in manufacturing and supplying of Coded Pressure Vessels & Heat Exchangers (Ferrous & Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, Site Fabrication & Erection Activities.
These products are widely used in the industries like Petro-chemicals, Compressor Industries, Power Plants, Fertilizers, Refinery, Pharmaceuticals and Dairy Industry. All these products are manufactured on tailor made basis to suit customers needs. LML's client list includes RIL, Larsen & Turbo, Ingersoll Rand, Engineers India, Kirloskar, Bharat Pumps etc.
| KPI | Values |
|---|---|
| RoNW | 30.81% |
The object of the issue are to:
1. To meet Working Capital Requirement;
2. To Meet the Issue Expenses.
[Dilip Davda]
If we attribute FY 2015 earnings on current equity then asking price is at a P/E of 4.5 and on fully diluted post equity it is at a P/E of 6.18 that appears reasonable against industry composite P/E of 35.
On merchant banker’s front, this is 15th IPO from its stable and it has mixed trends for its past thirteen listed mandates. Last IPO of Junction Fabric is yet to be listed.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
Read detail review...
| Listing Date | July 16, 2015 |
| BSE Script Code | 539227 |
| NSE Symbol | |
| ISIN | INE876S01017 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹18.00 |
| ₹20.05 |
| ₹20.05 |
| ₹21.05 |
| ₹21.05 |
Loyal Equipments Ltd
Block No. 35/1-2-3-4,
Village Zak,
Dahegam, Gujarat-382330
Phone: +91-2718-247236
Email: cs@loyalequipments.com
Website: http://www.loyalequipments.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: info@sharexindia.com
Website:
SME Company Owners
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Check our SME IPO Guide 
Loyal Equipments IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.24 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.
The IPO opens on July 3, 2015, and closes on July 7, 2015.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Loyal Equipments IPO opens on July 3, 2015 and closes on July 7, 2015.
Loyal Equipments IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.
You can apply in Loyal Equipments 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 Loyal Equipments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Loyal Equipments IPO allotment status.
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