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Pradip Overseas IPO is a book built issue of Rs 116.60 crores.
Pradip Overseas IPO bidding started from March 11, 2010 and ended on March 15, 2010. The shares got listed on BSE, NSE on April 5, 2010.
Pradip Overseas IPO price band is set at ₹100 to ₹110 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Anand Rathi Securities Limited is the book running lead manager of the Pradip Overseas IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Pradip Overseas IPO RHP for detailed information.
| IPO Date | March 11, 2010 to March 15, 2010 |
| Listing Date | April 5, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹110 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 10,600,000 shares (aggregating up to ₹116.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 29,766,770 |
| Share holding post issue | 40,366,770 |
Pradip Overseas IPO offers 10,600,000 shares. 5,050,000 (47.64%) to QIB, 1,515,000 (14.29%) to NII, 3,535,000 (33.35%) to RII, 500,000 (4.72%) to employees. 58,916 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 1,860 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,050,000 (47.64%) | NA |
| NII (HNI) Shares Offered | 1,515,000 (14.29%) | |
| Retail Shares Offered | 3,535,000 (33.35%) | 58,916 |
| Employee Shares Offered | 500,000 (4.72%) | NA |
| Total Shares Offered | 10,600,000 (100%) |
Investors can bid for a minimum of 60 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 | 60 | ₹6,600 |
| Retail (Max) | 30 | 1800 | ₹198,000 |
| Lot Size Calculator | |||
1. Mr. Pradipkumar Karia
2. Mr. Chetan Karia
3. Mr. Vishal Karia
| Share Holding Pre Issue | 80.06% |
| Share Holding Post Issue | 59.03% |
Incorporated in 1980, Pradip Overseas Limited is the textile manufacturer with niche focus on Home Linen Products. Company sale its products in domestic market as well as more than twenty countries around the world.
Company manufacturer and export home textile, home decor and home furnishings. Company's home furnishing range includes table linen, bed spreads, quilts, cushion covers and curtains.
Pradip Overseas is an ISO 9001:2000 certified company. Its existing facility is located at Changodar near Ahmedabad in Gujarat.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Dec-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 126,984.45 | 121,009.64 | 69,312.97 | 41,421.45 | 223.45 |
| Profit After Tax (PAT) | 5,109.56 | 4,146.05 | 3,824.89 | 2,175.09 | 41.47 |
| KPI | Values |
|---|---|
| ROCE | 29% |
| RoNW | 32.75% |
The object of the issue are:
1. To part finance the setting up the Proposed Manufacturing Facility within the Proposed Textile SEZ;
2. To part finance the incremental margin money requirement for working capital;
3. To meet Issue expenses.
The Pradip Overseas IPO is subscribed 14.08 times on March 15, 2010 6:30:00 PM. The public issue subscribed 10.53 times in the retail category, 8.57 times in the QIB category, and 45.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.57 |
| NII | 45.35 |
| Retail | 10.53 |
| Employee | 0.09 |
| Total | 14.08 |
ICRA Limited assigned IPO Grade 2 (indicating below average fundamentals) to Pradip Overseas Limited.
ICRA assigns IPO gradings on a scale of IPO Grade 5 through to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals.
| Listing Date | April 5, 2010 |
| BSE Script Code | 533178 |
| NSE Symbol | PRADIP |
| ISIN | INE495J01015 |
| Final Issue Price | ₹110 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹110.00 |
| ₹120.00 |
| ₹102.30 |
| ₹123.00 |
| ₹107.15 |
| NSE |
|---|
| ₹110.00 |
| ₹115.00 |
| ₹102.15 |
| ₹122.70 |
| ₹107.05 |
Pradip Overseas Limited
A/601, Narnarayan Complex,
Near Swastik Cross Roads, Navrangpura,
Ahmedabad - 380 009, Gujarat, India
Phone: +91-79-2643 1594
Email: investor@pradipoverseas.com
Website: http://www.pradipoverseas.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pradip.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Pradip Overseas IPO is a main-board IPO of 10,600,000 equity shares of the face value of ₹10 aggregating up to ₹116.60 Crores. The issue is priced at ₹100 to ₹110 per share. The minimum order quantity is 60 Shares.
The IPO opens on March 11, 2010, and closes on March 15, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Pradip Overseas IPO opens on March 11, 2010 and closes on March 15, 2010.
Pradip Overseas IPO lot size is 60 Shares, and the minimum amount required is ₹6,600.
You can apply in Pradip Overseas 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 Pradip Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pradip Overseas IPO allotment status.
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