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Sadbhav Infra IPO is a book built issue of Rs 491.66 crores. The issue comprises of fresh issue of Rs 425.00 crore and offer for sale of 0.65 crore shares.
Sadbhav Infra IPO bidding started from August 31, 2015 and ended on September 2, 2015. The shares got listed on BSE, NSE on September 16, 2015.
Sadbhav Infra IPO price band is set at ₹100 to ₹103 per share. The minimum lot size for an application is 145 Shares. The minimum amount of investment required by retail investors is ₹14,935.
Edelweiss Financial Services Ltd, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and Macquarie India Advisory Services Private Limited are the book running lead managers of the Sadbhav Infra IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sadbhav Infra IPO RHP for detailed information.
IPO Date | August 31, 2015 to September 2, 2015 |
Listing Date | September 16, 2015 |
Face Value | ₹10 per share |
Price Band | ₹100 to ₹103 per share |
Lot Size | 145 Shares |
Total Issue Size | [.] shares (aggregating up to ₹491.66 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹425.00 Cr) |
Offer for Sale | 6,471,524 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 310,963,081 |
Share holding post issue | 352,225,216 |
Sadbhav Infra IPO offers 28,583,610 shares. 14,465,730 (50.61%) to QIB, 6,970,728 (24.39%) to NII, 4,647,152 (16.26%) to RII, 2,500,000 (8.75%) to employees. 32,049 RIIs will receive minimum 145 shares and (sNII) and (bNII) will receive minimum 2,030 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 14,465,730 (50.61%) | NA |
NII (HNI) Shares Offered | 6,970,728 (24.39%) | |
Retail Shares Offered | 4,647,152 (16.26%) | 32,049 |
Employee Shares Offered | 2,500,000 (8.75%) | NA |
Total Shares Offered | 28,583,610 (100%) |
Investors can bid for a minimum of 145 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 | 145 | ₹14,935 |
Retail (Max) | 13 | 1885 | ₹194,155 |
Lot Size Calculator |
Incorporated in 2007, Sadbhav Infrastructure Project Limited is leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects.
Sadbhav Infra is involved in the development, operation and maintenance of national and state highways and roads in several states in India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana, Madhya Pradesh and Telangana and border check posts in the state of Maharashtra.
Company has ten BOT projects of which six road projects are fully operational, one is the partially operational border check posts and the remaining three projects are in various stages of development. Nine of the ten BOT projects are toll projects.
Sadbhav Infra generate revenues primarily from toll collection, service fee and annuity receipts.
Particulars | For the year/period ended (in Rs. Million) | |||
31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
Total Income | 5,280.49 | 3,926.60 | 3,154.25 | 1,987.48 |
Profit After Tax (PAT) | -3,015.61 | -1,559.37 | -456.66 | 97.99 |
The Issue comprises of a Fresh Issue and an Offer for Sale.
Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale net of their proportion of Issue related expenses. Company will not receive any proceeds from the Offer for Sale.
Fresh Issue
Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
1. Repayment/pre-payment, in full or part, of certain loans availed by our Company from ICICI Bank Limited and SEL, our corporate Promoter;
2. Equity investment and advancing of sub-ordinate debt to our subsidiary, SUTPL, for part financing of the SUTPL Project; and
3. General corporate purposes.
[Dilip Davda]
Well, the parent company SEL enjoys investors' fancy and that may lure investors to subscribe this IPO. But considering its negative P/E and RONW with longer gestation period for servicing of equity, this aggressively priced IPO may be given a miss. However, well informed and risk aver long term investors may consider moderate investment.
Read detail review...The Sadbhav Infra IPO is subscribed 2.24 times on September 2, 2015 9:30:00 PM. The public issue subscribed 1.69 times in the retail category, 3.04 times in the QIB category, and 1.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 3.04 |
NII | 1.66 |
Retail | 1.69 |
Employee | 0.29 |
Total | 2.24 |
Public Issue of [.] Equity shares consisting of a fresh issue aggregating upto Rs 4250 million & an offer for sale of 6471524 equity shares (including Anchor Portion of 20,387,914 equity shares)
Listing Date | September 16, 2015 |
BSE Script Code | 539346 |
NSE Symbol | SADBHIN |
ISIN | INE764L01010 |
Final Issue Price | ₹103 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹103.00 |
₹110.75 |
₹106.00 |
₹112.25 |
₹106.15 |
NSE |
---|
₹103.00 |
₹111.00 |
₹106.00 |
₹112.45 |
₹106.20 |
Sadbhav Infrastructure Project Limited
Sadbhav House,
Opposite Law Garden Police Chowki,
Ellisbridge, Ahmedabad 380 006
Phone: +91 79 2646 3384
Email: investor@sadbhavinfra.co.in
Website: http://www.sadbhavinfra.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mumbai@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Sadbhav Infra IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹491.66 Crores. The issue is priced at ₹100 to ₹103 per share. The minimum order quantity is 145 Shares.
The IPO opens on August 31, 2015, and closes on September 2, 2015.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sadbhav Infra IPO opens on August 31, 2015 and closes on September 2, 2015.
Sadbhav Infra IPO lot size is 145 Shares, and the minimum amount required is ₹14,935.
You can apply in Sadbhav 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 Sadbhav Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sadbhav Infra IPO allotment status.
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