IPO (FINAL).pptx

8/20/2019 IPO (FINAL).pptx

1/21

INITIAL PUBLIC OFFER(IPO)

Presented By :Gaurav Kumar Ms!ra

"ee# C!atter$ee

Amt Kumar

Kuna% &'!ra

Mans! !u%a


2/21

CONTENT

C%ass*+at'n '* Issues Prmary Maret , Ne- ssue maret P%a+ement '* ssue

O**er t!r'u.! #r's#e+tus O**er *'r sa%e Prvate #%a+ement R.!ts ssue B'' /u%dn. Red !errn. #r's#e+tus

Pr+n. '* ssue Intermedares t' ssue

Lead Mana.er Re.strar Baners t' ssue Under-rters

Green !'e O#t'n Re%an+e IPO As!'a Bu%d+'n


3/21

CLAIFICATION OF IUE

Issues

Pu/%+ R.!ts Pre*erenta%

Inta% Pu/%+O**ern. (IPO)

F'%%'- 'n Pu/%+O**ern. (FPO)

Fres!Issue

O**er *'ra%e

Fres!Issue

O**er *'ra%e


4/21

PRIMAR0 MARKET OR NE1IUE MARKET

Prmary marets 2 n+%ude a%% ty#es '* se+urtes 2 /en. s'%d *'r t!e *rst tme

A*ter /en. '**ered n t!e #rmary maret3 t/e+'mes #art '* t!e se+'ndary maret

Prmary maret '**ered +'nsst '*(4) FPOs3 ne- '**ern.s '* %sted +'m#anes t!at !ave

s'%d se+urtes t' t!e #u/%+ /e*'re3 and(5) IPOs3 -!ere an un%sted +'m#any s se%%n.se+urtes t' t!e #u/%+ *'r t!e *rst tme


5/21

BAIC KE0 CONCEPT

Book BuildingRe*ers t' t!e #r'+ess used n IPO *'r e**+ent #r+e

ds+'very

It s a me+!ansm -!ere3durn. t!e #er'd IPO s'#en3/ds are +'%%e+ted *r'm nvest'r at var'us#r+es -!+! are a/'ve 'r e6ua% t!e *%''r #r+e7T!e'**er #r+e s determned a*ter t!e /d +%'sn. date

T!e s#read /et-een t!e *%''r and t!e +a# '* t!e#r+e /and s!a%% n't /e m're t!an 5897 T!e +a#s!'u%d n't /e m're t!an 4589 '* t!e *%''r #r+e7

Pr+e s *na%ed /y t!e /'' runner and t!e ssuer

+'m#any


6/21

Issue Pr+ePr+e Band

F%''r Pr+eCut O** Pr+ePr's#e+tus

"ra*t '**er d'+ument


7/21

A/rd.ed Pr's#e+tusL'+2n

Lstn. '* se+urtesLstn. A.reements"e2%stn. '* se+urtes


8/21

PLACEMENT OF T;E IUE

Inta% ssues are *%'ated

47 T!r'u.! #r's#e+tus

57 B'u.!t 'ut dea%s,'**er *'r sa%e

7 B'' /u%dn.


9/21

OFFER T;ROUG; PROPECTU

Invtes '**ers *'r su/s+r#t'n 'r #ur+!ase '* any s!ares 'rde/entures *r'm t!e #u/%+

T!e salient features '* t!e #r's#e+tus are47 Genera% In*'rmat'n a/'ut +'m#any

57 Ca#ta% stru+ture '* t!e +'m#any7 C'm#any Mana.ement and Pr'$e+t?7 "eta%s '* t!e 'utstandn. %t.at'ns@7 Mana.ement #er+e#t'n '* rs *a+t'rs7 ust*+at'n '* t!e ssue #remum7 Fnan+a% In*'rmat'n 2 +'st '* t!e #r'$e+t3 #r'$e+ted earnn.s


10/21

OFFER FOR ALE

Pr'm'ter #%a+es !s s!ares -t! an nvestment /aner(/'u.!t 'ut dea%er 'r s#'ns'r) -!' '**er t t' t!e#u/%+ at a %ater date

;'%d 'n #er'd s @8 days t' m're t!an a year

B'u.!t 'ut dea%er de+des t!e #r+e a*ter ana%yn.t!e va/%ty3 t!e .estat'n #er'd3 #r'm'tersD/a+.r'und and *uture #r'$e+t'ns

B'u.!s 'ut dea%er s!eds t!e s!ares at a #remum t't!e #u/%+

Promoter Investment Banker Public


11/21

C'ntd7

Advanta.es *'r t!e ssun. +'m#any !e%#s t!e #r'm'ters t' rea%e t!e *unds -t!'ut any %'ss '*

tme t!e +'st '* rasn. *unds s redu+ed 2 F'r ssun. s!are +'st as

!.! as 48 #er+ent '* t!e +'st '* t!e #r'$e+t

!e%#s t!e ne- entre#reneurs3 n't *am%ar -t! t!e +a#ta%maret3 t' rase ade6uate +a#ta% *r'm t!e maret7 a +'m#any -t! n' tra+ re+'rd '* #r'$e+ts3 #u/%+ ssues at a

#remum may #'se #r'/%ems #'ssess %'- rs t' nvest'rs sn+e t!e s#'ns'rs !ave a%ready

!e%d t!e s!ares *'r a +ertan #er'd

"sadvanta.e se%% at a !e*ty #remum3 man#u%at'n '* t!e resu%ts3 nsder

tradn. and #r+e r..n.


12/21

PRICING OF IUE Pr'r t' 453 .'verned /y C'ntr'%%er '* Ca#ta% Issues A+t 4=@

Fat'n '* a *ar #r+e 'n t!e /ass '* t!e net asset value pershare

Era '* *ree #r+n. n 45 EBI d'es n't #%ay any r'%e n #r+e*at'n

Issuer n +'nsu%tat'n -t! Mer+!ant Baner s!a%% de+de t!e#r+e

FIXED PRICE 2 +'m#any and LM * a #r+ePRICE DISCOVERY !RO"#! BOO$ B"I%DI 2 +'m#any

and LM st#u%ate a *%''r #r+e 'r a #r+e /and and %eave t t'maret *'r+es t' determne t!e *na% #r+e

't pre(iu( C'm#anes are #ermtted t' #r+e t!er ssues at#remum't par value In +ertan +ases +'m#anes are n't #ermtted t'

* t!er ssue #r+es at #remum


13/21

INTERME"IATRIE TO IUE

Inter(ediaries to an issue are) Mer+!ant Baners t' t!e ssue 'r B'' Runnn. Lead Mana.ers

(BRLM) Re.strars t' t!e ssue

Baners t' t!e ssue Audt'rs '* t!e +'m#any Under-rters t' t!e ssue '%+t'rs Advertsn. a.en+es Fnan+a% nsttut'ns G'vernment, statut'ry a.en+es


14/21

UN"ER1RITER

Under-rtn. means t!ey -%% su/s+r/e t' t!e /a%an+e s!ares *a%% t!e s!ares '**ered at t!e IPO are n't #+ed u#

C'u%d /e a /aner3 /r'er3 mer+!ant /aner 'r *nan+a%nsttut'n

Insuran+e a.anst t!e #'ss/%ty '* nade6uate su/s+r#t'n

"'ne *'r a +'mmss'n T!e as#e+ts +'nsdered /e*'re a##'ntn. are(a) e#eren+e n t!e #rmary maret(/) #ast under-rtn. #er*'rman+e and de*au%t(+) 'utstandn. under-rtn. +'mmtment(d) t!e net-'r '* nvest'r +%ente%e '* t!e under-rter and(e) !s 'vera%% re#utat'n


15/21

#reen*shoe Option

An '#t'n '* a%%'+atn. s!ares n e+ess '* t!e s!ares n+%uded nt!e #u/%+ ssue

P'st2%stn. #r+e sta/%n. me+!ansm *'r a #er'd n'te+eedn.


16/21

+ualified Institutional Bu,er-+IBs.

Insttut'na% nvest'rs -!' are #er+eved t' #'ssess e#ertseand t!e *nan+a% mus+%e t' eva%uate and nvest n t!e +a#ta%marets

+IB/s Shall Be)

+!edu%ed C'mmer+a% BanMutua% Funds Pr'vdent Fund -t! Mn7 C'r#us '* Rs7 5> Cr're Pens'n Fund -t! mn7 C'r#us '* Rs7 5> Cr're

Insuran+e C'm#anes re.stered -t! IR"A F're.n Insttut'na% Invest'rs re.stered -t! EBI &enture Ca#ta% Fund re.stered -t! EBI tate Industra% "eve%'#ment C'r#'rat'n


17/21

Re%an+e P'-er IPOIssue Open On 15th January 2008

Issue Close On 18th January 2008

Price Band Rs 40!40 Per "hare

#ace $alue Rs 10 Per "hare

Bid %ot 1 &'uity "hares

Issue "i(e 2)0*000*000 "hares

Retail "i(e )8*400*000 "hares

Pre Issue &' Ca+ital Rs 20*000 ,illion

Post Issue &' Ca+ital Rs 22*)00 ,illion


18/21

"eta% a/'ut Re%an+e IPO


19/21

Re%an+e IPO Fa%ure

;eav%y !y#ed H 'ver su/s+r/ed /y 'ver 4> tmes

NTPC !avn. +a#a+ty '* 58888K1 s /en. traded at Rs7588,2H ne- +'m#any s #r'#'sn. a 5>888K1 a*ter < years s /en.

'**ered at Rs7 =>8,2 'n an IPO

Pe'#%e t!'u.!t t -%% t'u+! Rs7 88 'n t!e day '* %stn. H t!ey-%% earn !u.e #r'*ts /y se%%n. t

But *'r.et t!e %'.+ '* st'+ maret * every'ne -%% se%% s!ares3t!en st'+ #r+e a%-ays .' d'-n


20/21

As!'a Bu%d+'n

Pr+e /and *ed /et-een Rs75@ and Rs7


21/21

T;ANK 0OU

Documents

IPO (FINAL).pptx