Free Account Opening + AMC Free Demat
Loading...

Suryachakra Power Corporation Ltd IPO (Suryachakra IPO) Detail

June 25, 2007 - June 29, 2007

Suryachakra IPO is a book built issue of Rs 68.00 crores.

Suryachakra IPO bidding started from June 25, 2007 and ended on June 29, 2007. The shares got listed on BSE on July 23, 2007.

Suryachakra IPO price band is set at ₹17 to ₹20 per share. The minimum lot size for an application is 300 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Karvy Investor Services Limited and Srei Capital Markets Ltd are the book running lead managers of the Suryachakra IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Suryachakra IPO RHP for detailed information.

Suryachakra IPO Details

IPO Date June 25, 2007 to June 29, 2007
Listing Date July 23, 2007
Face Value ₹10 per share
Price Band ₹17 to ₹20 per share
Lot Size 300 Shares
Total Issue Size34,000,000 shares
(aggregating up to ₹68.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE
Share holding pre issue42,632,960
Share holding post issue76,632,960

Suryachakra IPO Lot Size

Investors can bid for a minimum of 300 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) 1 300 ₹6,000
Retail (Max) 33 9900 ₹198,000
Lot Size Calculator

Suryachakra IPO Promoter Holding

Share Holding Pre Issue 44.01%
Share Holding Post Issue 50.34%

About Suryachakra Power Corporation Ltd

Incorporated in 1995, Suryachakra Power Corporation Limited is Hyderabad based power Generation Company.

Suryachakra Power Corporation Limited envisions to be amongst the leaders in all spheres ranging from power generation to distribution and trading.

Key Performance Indicator

Objects of the Issue (Suryachakra IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To invest in MSM Energy Limited, one of the Subsidiaries of the Company and
2. To enter into Power Trading Business.


Suryachakra IPO Subscription Status (Bidding Detail)

The Suryachakra IPO is subscribed 2.18 times on June 29, 2007 5:00:00 PM. The public issue subscribed 3.02 times in the retail category, 1.88 times in the QIB category, and 1.33 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Suryachakra IPO Prospectus

Suryachakra IPO Rating

163
3.8
Rating:Rated 3.8 stars
Vote Here ...

Suryachakra IPO Listing Details

Listing Date July 23, 2007
BSE Script Code 532874
NSE Symbol SURYACHAKRA
ISIN INE274I01016
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹20.00
₹30.00
₹21.00
₹30.00
₹22.35

Check IPO Performance…

Suryachakra Power Corporation Ltd Contact Details

Suryachakra Power Corporation Ltd
Suryachakra Power Corporation Ltd,
8 – 2 – 293/82, Plot No: 1115,
Road No. 54, Jubilee Hills, Hyderabad – 500 033
Phone: +91 40 2355 0597
Email: ipo@suryachakra.com
Website: http://www.suryachakra.in

Suryachakra IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: mailmanager@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Suryachakra IPO - Buy or Not

Suryachakra IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Suryachakra IPO FAQs

Suryachakra IPO is a main-board IPO of 34,000,000 equity shares of the face value of ₹10 aggregating up to ₹68.00 Crores. The issue is priced at ₹17 to ₹20 per share. The minimum order quantity is 300 Shares.

The IPO opens on June 25, 2007, and closes on June 29, 2007.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Suryachakra IPO opens on June 25, 2007 and closes on June 29, 2007.

Suryachakra IPO lot size is 300 Shares, and the minimum amount required is ₹6,000.

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

The Suryachakra IPO listing date is on July 23, 2007.
Open an Instant Account with Zerodha

Suryachakra IPO Message Board

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

Loading...

148 Comments

148. divyesh |   Link |  Bookmark |September 11, 2007 11:23:33 PM
hello,
still i not get my refund...
they said that they credited through esl but in my corporation bank account payment is not credited..
i applied to rajkot karvi branch..
but still they not give any response?
so what should i do?
plz tell me...
147. vamsea |   Link |  Bookmark |August 27, 2007 3:00:22 PM
Suryachakra Power Corporation Limited (SPCL) is planning to raise further capital through Foreign Currency Convertible Bonds - FCCB. I recommend to accumulate this scrip for 2-3 months holding.

will definitely give very good returns.
146. rahul |   Link |  Bookmark |August 8, 2007 9:34:08 PM
SuryaChakra has not declared the results for the period ending JUNE 07, its seems promoters wants to make up all the money from the market by declaring the JHAKKAS results after acquiring the shares at low prices due to market fall,
145. ubb |   Link |  Bookmark |August 3, 2007 2:07:10 PM
sell now and buy at Rs.18/-,this is sure that this stock will touch the level of Rs.17/- very soon.
144. vamsea |   Link |  Bookmark |July 30, 2007 11:38:42 AM
Few days back, one of the leading FIIs- DSP Merryl Lynch has bought more than 5% in the company. FIIs wont invest unless they are convinced of value in the stock.

Also I heard Anil Ambani's- Reliance energy got 5% stake in this company


so hold on and add more at the current level. You will get at least 50% return in one year.
143. divyesh |   Link |  Bookmark |July 25, 2007 2:57:12 PM
i stil not get my refund?what i do for get it?
142. vamsea |   Link |  Bookmark |July 25, 2007 2:20:32 PM
SPCL stock has performed good so far. No doubt its good
one to invest and it might reach 50 Rs
by the end of this yr.
141. tanushri |   Link |  Bookmark |July 24, 2007 9:03:55 PM
Think twice before investing this kind of stocks.
140. PATEL |   Link |  Bookmark |July 23, 2007 11:20:31 PM
Raghuji,
i hope you read this and also see the listing price Rs. 30 is already above 27 predicted by me. now you get price Rs. 50 in a year time. and i recall the message again
139. kishgoldsmith |   Link |  Bookmark |July 23, 2007 10:01:56 PM
can anyone tell me the everonn listing date? thankyou.
138. Siva |   Link |  Bookmark |July 23, 2007 2:28:15 PM
Hi Pankaj,

It is listed in BSE.

Siva
137. PANKAJ DHIR |   Link |  Bookmark |July 23, 2007 11:43:12 AM
shares not being quoted on bse/ nse...what are redistrars doing?pls urgently look into and have it solved pls asew unable to buy/sell suryachakra shares?
136. Ishwar |   Link |  Bookmark |July 22, 2007 6:10:40 PM
Suryachakra enters power supply deal with Tata for next five years...sell 50% 2moro and hold remaining for atlist 2 quaters

http://sify.com/finance/fullstory.php?id=14496679
135. pardeepchhabra |   Link |  Bookmark |July 22, 2007 3:18:59 PM
surya chakra may take ovr by reliance energy nothing enerzy stock available in market below 50.....
134. tanushri |   Link |  Bookmark |July 22, 2007 11:42:49 AM
Sell on listing
133. PANKAJ DHIR |   Link |  Bookmark |July 22, 2007 11:25:49 AM
against my application no 04115461 for 600 shares got alloted 300 shares & also balance refund recd...however 300 shares not credited to my demat account # 1202990003317070 of indiabulls and opening is on monday-23.7...can registrar intervene and advise?pls note indiabulls generally deals with nse only...
thanks in advance.......
132. aman |   Link |  Bookmark |July 21, 2007 7:18:02 PM
it will list at 28+
131. vamsea |   Link |  Bookmark |July 21, 2007 4:48:23 PM
Some relavant news from money control

Suryachakra Power Corporation will list on the BSE with 7,66,32,960 shares on July 23, 2007.

R S Iyer of KR Choksey Securities in talks with Moneycontrol.com says, "Suryachakra Power is expected to list at Rs 23-24 levels."

He advised investors to book profits once the stock reach at those levels.

In the grey market, the premium on the stock is at around Rs 2-3.

The company had come out with an initial public offering, IPO of 340 lakh shares at a price band of Rs 17 and Rs 20 per equity share through 100% book building process. The issue was subscribed 2.18 times.

The proceeds from the issue will be used for setting-up 2 bio-mass power plant for its Subsidary (Parbhani), to meet working capital requirement for power Trading and additional working Capital for its operations and some for its general corporate purposes.

SREI Capital markets is the book running lead manager and Karvy Computershare Private Ltd is the registrar for the issue.
130. vamsea |   Link |  Bookmark |July 21, 2007 4:44:35 PM
Post some relevant and legitimate news. why do people misguide others..

Points to be considered:

SPCL has got decent response from retail investors as its 3 times over subscribed.

More over Reliance energy is behind this company and few stakes in it. I dont think RELIANCE people are that foolish to support a sinking ship...

WAKE UP GUYS.. DONT JUST SPIT
VENOM for nothing .. PLEASE DONT MISLEAD people
129. pankaj dhir |   Link |  Bookmark |July 21, 2007 12:29:56 PM
against my application no 04115461 for 600 shares got alloted 300 shares & also balance refund recd...however 300 shares not credited to my demat account and opening is on monday-23.7...can company secretary accountable intervene and advise?
thanks in advance.......