Free Account Opening + AMC Free Demat
Loading...

RPP Infra Projects Ltd IPO (RPP Infra IPO) Detail

November 18, 2010 - November 22, 2010

RPP Infra IPO is a book built issue of Rs 48.75 crores.

RPP Infra IPO bidding started from November 18, 2010 and ended on November 22, 2010. The shares got listed on BSE, NSE on December 6, 2010.

RPP Infra IPO price band is set at ₹68 to ₹75 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Vc Corporate Advisors Pvt Ltd (Vcapl) is the book running lead manager of the RPP Infra IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to RPP Infra IPO RHP for detailed information.

RPP Infra IPO Details

IPO Date November 18, 2010 to November 22, 2010
Listing Date December 6, 2010
Face Value ₹10 per share
Price Band ₹68 to ₹75 per share
Lot Size 80 Shares
Total Issue Size6,500,000 shares
(aggregating up to ₹48.75 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue16,500,000
Share holding post issue22,600,000

RPP Infra IPO Reservation

RPP Infra IPO offers 6,500,000 shares. 3,050,000 (46.92%) to QIB, 915,000 (14.08%) to NII, 2,135,000 (32.85%) to RII, 400,000 (6.15%) to employees. 26,687 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 2,720 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,050,000 (46.92%)NA
NII (HNI) Shares Offered915,000 (14.08%)
Retail Shares Offered2,135,000 (32.85%)26,687
Employee Shares Offered400,000 (6.15%)NA
Total Shares Offered6,500,000 (100%)

RPP Infra IPO Lot Size

Investors can bid for a minimum of 80 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 80 ₹6,000
Retail (Max) 33 2640 ₹198,000
Lot Size Calculator

RPP Infra IPO Promoter Holding

The promoters of the company are:
1. Mr. P Arul Sundaram, Chairman and Managing director of the company.
2. Ms. A. Nithya, Whole Time Director of the company.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 71.23%

About RPP Infra Projects Ltd

Incorporated in 1995, RPP Infra Projects Ltd is in the business of infrastructure development such as Highways, Roads and Bridges. Company is also involve in civil work like SEZ Development, Water Management projects, Irrigation and Power Projects.

RPP Infra's mainly focused in South India region including Karnataka, Andhra Pradesh, Tamil Nadu, and Andaman Nicobar. RPP Infra is also executing a Railway project in Srilanka.

Company has successfully executed over 200 civil construction projects so far across various segments. In last 15 years company has developed capabilities to execute large infrastructure projects.

RPP Provides integrated engineering, procurement and construction services for:

1. Infrastructure Projects
2. Civil Construction Services
3. Transportation Engineering and Irrigation & Water Supply Projects
4. Power Plant Projects

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income14,688.6710,122.547,213.594,467.184,155.76
Profit After Tax (PAT)826.36412.22205.43186.22169.30

Key Performance Indicator

Objects of the Issue (RPP Infra IPO Objectives)

The Object of the issue are to:

1. Fund margin requirement for working capital;
2. Capital expenditure;
3. Invest in SPVs for BOT projects and
4. General Corporated Expenses and Issue related expenses.


RPP Infra IPO Subscription Status (Bidding Detail)

The RPP Infra IPO is subscribed 2.97 times on November 22, 2010 10:00:00 PM. The public issue subscribed 5.60 times in the retail category, 0.16 times in the QIB category, and 7.27 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.16
NII7.27
Retail5.60
Employee0.43
Total2.97

Maximum Subscription Amount for Retail Investor: Rs. 200000

RPP Infra Projects Ltd IPO Grading / Rating

Fitch has assigned an IPO Grade 2 to RPP Infra Projects Ltd IPO. This means as per Fitch company has 'Below Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Fitch IPO Grading Document for RPP Infra Projects Ltd.

RPP Infra Projects Ltd IPO Tags:

RPP Infra IPO, R.P.P infra IPO, RPP IPO Bidding, RPP Infra IPO Allotment Status, RPP IPO drhp and RPP RPP Infra Projects Ltd IPO listing.

RPP Infra IPO Prospectus

RPP Infra IPO Rating

585
3.6
Rating:Rated 3.6 stars
Vote Here ...

RPP Infra IPO Listing Details

Listing Date December 6, 2010
BSE Script Code 533284
NSE Symbol RPPINFRA
ISIN INE324L01013
Final Issue Price ₹75 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
₹75.00
₹75.00
₹67.35
₹80.40
₹68.95
NSE
₹75.00
₹75.00
₹67.20
₹80.50
₹68.90

Check IPO Performance…

RPP Infra Projects Ltd Contact Details

RPP Infra Projects Ltd
P and C Tower, 140,
Perundurai Main Road,
Erode 638 011, India
Phone: +91 424 225 9022
Email: ipo@rppipl.com
Website: http://www.rppipl.com

RPP Infra IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: rppipo@cameoindia.com
Website: https://ipo.cameoindia.com/

RPP Infra IPO - Buy or Not

RPP Infra IPO Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews

RPP Infra IPO FAQs

RPP Infra IPO is a main-board IPO of 6,500,000 equity shares of the face value of ₹10 aggregating up to ₹48.75 Crores. The issue is priced at ₹68 to ₹75 per share. The minimum order quantity is 80 Shares.

The IPO opens on November 18, 2010, and closes on November 22, 2010.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The RPP Infra IPO opens on November 18, 2010 and closes on November 22, 2010.

RPP Infra IPO lot size is 80 Shares, and the minimum amount required is ₹6,000.

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

The RPP Infra IPO listing date is on December 6, 2010.
Open an Instant Account with Zerodha

RPP Infra IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

316 Comments

316. pratik jain |   Link |  Bookmark |December 12, 2010 4:56:09 PM
i have recieved warrant not a ecs but the have taken my intial name &wrote in ch eg my name is ramesh jain but in the ch it is writeen as R JAIN instead of ramesh jain whether the ch would be cleared or not i am having bank of baroda account rely please RAMESH JAIN rely urgent
315. Ravi, Bangalore |   Link |  Bookmark |December 7, 2010 5:19:07 PM (300+ Posts)
http://ak57.in/2010/11/new-category-of-issues-managed/

It is a betting game - how many times will it be subscribed by estimating demand; what price will it list at etc.

It has become operators' market. Smaller issues like RPP Infra are unlikely to succeed without such a nexus. Operators manage demand. On listing day, about 50% investors come to BUY. In the first two or four days, there is huge buying & thereafter stock stabilizes. Once the operators corner shares worth about 30%, it is easy for the operator to jack-up the stock price thereafter. Operator could be HNIs / some QIBs. Large Funds asks for 5% gain on the very first day besides want an exit. Everything is pre-sold. Large funds that invests in a companies IPO are guaranteed positive returns- merchant bankers try & ensure a pop-up (open price) on listing of about 10 - 15%. There is no fair value.

If companies like RPP Infra require Rs.40 crore to fund its projects, the first stop is to raise the valuation cost & increase the issue size to 48 crores. The operator plays a dual role in garnering interest in the stock through grey market activities & market -making post-listing. If the market is ready to pay Rs.175 for companies like RPP Infra, grey market activity generates interest & demand in the grey market. Grey market price starts quoting from 80, 85 before the stock even lists.

Operators may take the risk if the issue fails. But, they make a killing in at least five out of 10 issues.

Valuations are seemingly higher. QIB / HNIs too, are cornering a large chunk of the offer in small issue size IPOs. They put-in large amounts & if the stock get a lukeworm response on listing, they flip like we saw in Indosolar.

Every bull market brings a large number of new investors. Mostly, these new investors are impatient and want to make quick money. If they can't think of stocks to buy in the secondary market, they start applying for IPOs. Moreover, successful IPOs like Coal India create an impression that large amounts of money can be made from IPOs with little effort. Sometimes, even experienced investors get greedy and start speculating in IPOs. No matter how bad an IPO is, there always will be some retail investors who would apply for it.

Retail investors are churning the money multiple times in various IPOs without caring for valuation.
314. hari hyd |   Link |  Bookmark |December 7, 2010 11:09:53 AM
RPP Infra Projects witnesses 105 bulk deals

--------------------------------------------------
http://www.moneycontrol.com/news/ipo-new-listings/rpp-infra-projects-witnesses-105-bulk-deals_503584.html
313. S.K.Sachdeva |   Link |  Bookmark |December 6, 2010 10:25:26 PM
RPP Infra proved to bee a flop show !!
What would happen to Claris, God knows!!
312. AnupM |   Link |  Bookmark |December 6, 2010 9:31:42 PM
Let me share my experience on recent low rated IPOs.
Gyscoal: I applied just to bet without worrying on fundamental. Issue price: 71 and I sold it in Rs109 = More than 50% profit.. I sold it on listing day...

Gyscoal: present price is Rs44, almost -38%..

I guess, reason of Gyscoal going to 110/112 is because may be there were manupulation..

RPP Infra: I applied and issue price is Rs75/- Sold at Rs78/-
I thought this would also get manipulated, I called it dark hourse -- just speculation.. However, it didn't turn out to be Dark horse may be because there were SEBI curb on circular trading and manupulation.. So operators were cautious..

So, with this experience, I would say be careful about low rated IPOs.. If you want to bet, bet on your conscience.
311. TapSam |   Link |  Bookmark |December 6, 2010 4:10:33 PM
Greed is OK, being too greedy is not.
310. Chem cho |   Link |  Bookmark |December 6, 2010 4:00:00 PM
RPP INFA PROJECTS
THOSE OF THE MEMBERS HAVE APPLIED IN THIS ISSUE DUE TO THE WRONG ADVICE SHOULD NOT REPENT I HAD ALREADY INFORMED THAT THE MANAGING DIRECTOR OF RPP PROJECTS IS DISQULIFIED FOR BEING THE DIRECTOR FOR FIVE YEARS IT WAS NOT AN GOOD COMPANY TO APPLY FOR
MANY OF THE INVESTORS CRY THEY HAVE LOST MONEY IN IPO IT IS ONLY BECAUSE THEY CONSIDER THE ADVICE OF WRONG PERSONS
309. chaitu s |   Link |  Bookmark |December 6, 2010 3:35:04 PM
Dark horse lost in darkness
308. Anil g |   Link |  Bookmark |December 6, 2010 11:44:12 AM
i WAS alloted 340 shares, I sold all shares in morning itself at 79.60.
307. Gane |   Link |  Bookmark |December 6, 2010 11:32:06 AM (400+ Posts)
It doesnt look like listing day. It just stays at 72-73 range. Lets see what happens?

I dont see any operators play also.

Gane.
306. NitinPai |   Link |  Bookmark |December 6, 2010 10:59:00 AM
udayan feels its fair value is 45-50. Short it now! By close of play it should be at 65 atleast!
305. NightTrader |   Link |  Bookmark |December 6, 2010 10:18:35 AM
The pattern of share holding does n't give a comfort feel.
I don't see this as a good scrip for trading..
304. Newipo |   Link |  Bookmark |December 6, 2010 10:10:52 AM
304. Sreedhar
what level entry in rpp?
303. CHINO |   Link |  Bookmark |December 6, 2010 10:08:16 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
DEAR SREEDHAR,GOOD WORK..RETAIL INVESTOR EXIT FROM RPP..NOW DOWN
302. Sreedhar |   Link |  Bookmark |December 6, 2010 9:59:25 AM (900+ Posts)
Got out at 74.No need to take risk
301. AnupM |   Link |  Bookmark |December 6, 2010 9:30:50 AM
Practically, I could see that it is non-performing category as of now.. I can buy later..
So, I sold all my shares @78.

Didn't come out to be dark horse.
300. NightTrader |   Link |  Bookmark |December 6, 2010 9:16:21 AM
opening at 2% lower....
299. Gangu |   Link |  Bookmark |December 6, 2010 9:05:53 AM
All the Best....RPP ians
298. R K |   Link |  Bookmark |December 6, 2010 9:02:36 AM
any advice on ntraday trading on RPP Infra?
297. NightTrader |   Link |  Bookmark |December 6, 2010 8:50:48 AM
Good trading opportunity between 62 and 73...?