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Navkar Corporation IPO is a book built issue of Rs 600.00 crores.
Navkar Corporation IPO bidding started from August 24, 2015 and ended on August 26, 2015. The shares got listed on BSE, NSE on September 9, 2015.
Navkar Corporation IPO price band is set at ₹147 to ₹155 per share. The minimum lot size for an application is 95 Shares. The minimum amount of investment required by retail investors is ₹14,725.
Axis Bank Limited, Edelweiss Financial Services Ltd and SBI Capital Markets Limited are the book running lead managers of the Navkar Corporation IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Navkar Corporation IPO RHP for detailed information.
| IPO Date | August 24, 2015 to August 26, 2015 |
| Listing Date | September 9, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹147 to ₹155 per share |
| Lot Size | 95 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹600.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 109,704,798 |
| Share holding post issue | 142,608,023 |
Navkar Corporation IPO offers 28,571,429 shares. 8,163,266 (28.57%) to QIB, 6,122,449 (21.43%) to NII, 14,285,714 (50.00%) to RII. 150,375 RIIs will receive minimum 95 shares and (sNII) and (bNII) will receive minimum 1,330 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 8,163,266 (28.57%) | NA |
| NII (HNI) Shares Offered | 6,122,449 (21.43%) | |
| Retail Shares Offered | 14,285,714 (50.00%) | 150,375 |
| Total Shares Offered | 28,571,429 (100%) |
Investors can bid for a minimum of 95 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 | 95 | ₹14,725 |
| Retail (Max) | 13 | 1235 | ₹191,425 |
| Lot Size Calculator | |||
Navkar Corporation Limited is CFS operator in India with three CFSs, Ajivali CFS I and Ajivali CFS II at Ajivali and Somathane CFS at Somathane, which are strategically located in Panvel, Maharashtra.
Container freight stations (CFSs) and inland container depots (ICDs) are common user facilities with public authority status equipped with fixed installations.
As of December 31, 2014, our CFSs had an aggregate installed handling capacity of 310,000 TEUs per annum on the basis of our then current infrastructure and operating equipment.
Company have a private railway freight terminal (PFT) which allows us to load and unload cargo from container trains operating between our Somathane CFS and the JN Port and to transport domestic cargo to and from inland destinations on the Indian rail netwrk. As of December 31, 2014, we also own and operate 461 trailers for the transportation of cargo between our CFSs and the JN Port by road.
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 3,320.14 | 3,701.87 | 3,380.01 | 2,689.44 |
| Profit After Tax (PAT) | 743.60 | 900.08 | 567.13 | 469.64 |
The objects of the Net Proceeds (as defined below) of the Fresh Issue are:
1. Capacity enhancement of the Somathane CFS;
2. Development of the non-notified areas of our CFSs; and
3. Establishment of a logistics park at Valsad (near Vapi)
[Dilip Davda]
Investment may be considered for long term as this company is likely to join the bandwagon like VRL Logi., Snowman, All Cargo, Gateway Distri, Concor etc.
Read detail review...The Navkar Corporation IPO is subscribed 2.85 times on August 26, 2015 9:00:00 AM. The public issue subscribed 1.62 times in the retail category, 6.47 times in the QIB category, and 0.90 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 6.47 |
| NII | 0.90 |
| Retail | 1.62 |
| Total | 2.85 |
Public Issue of [.] Equity shares aggregating up to Rs 6000 million consisting of a fresh issue upto Rs 5100 million & an offer for sale upto Rs 900 million
| Listing Date | September 9, 2015 |
| BSE Script Code | 539332 |
| NSE Symbol | NAVKARCORP |
| ISIN | INE278M01019 |
| Final Issue Price | ₹155 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹155.00 |
| ₹152.00 |
| ₹152.00 |
| ₹168.40 |
| ₹166.40 |
| NSE |
|---|
| ₹155.00 |
| ₹152.00 |
| ₹152.00 |
| ₹169.45 |
| ₹166.85 |
Navkar Corporation Limited
205-206, J.K. Chambers,
Sector 17, Vashi,
Navi Mumbai 400 705, Maharashtra
Phone: +91 22 2766 8223
Email: cs@navkarcfs.com
Website: http://www.navkarcfs.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ncl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Navkar Corporation IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹147 to ₹155 per share. The minimum order quantity is 95 Shares.
The IPO opens on August 24, 2015, and closes on August 26, 2015.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Navkar Corporation IPO opens on August 24, 2015 and closes on August 26, 2015.
Navkar Corporation IPO lot size is 95 Shares, and the minimum amount required is ₹14,725.
You can apply in Navkar Corporation 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 Navkar Corporation IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Navkar Corporation IPO allotment status.
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