A2Z Maintenance & Engineering Services IPO
A2Z Maintenance & Engineering Services IPO — date, price band, lot size & details 2010
A2Z Maintenance & Engineering Services listed on 23 Dec 2010 at ₹500, 25% above the ₹400 issue price.
A2Z Maintenance & Engineering Services is an EPC company serving power transmission and distribution, with businesses in renewable power, municipal solid waste and facility management. Its total income was Rs 1,128.57 crore in FY2010.
Stock price
A2Z Maintenance & Engineering Services is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 08 Dec 2010
- Close 10 Dec 2010
- Allotment 16 Dec 2010
- Refund/credit TBA
- Listing 23 Dec 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Dec, 2010 |
|---|---|
| Price Band | ₹400 – ₹410 |
| Face Value | ₹10 |
| Lot Size | 15 Shares |
| Issue Size | ₹776.25 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 20.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 15 shares at the ₹400 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 15 | ₹6,000 |
| Retail (max) | 33 | 495 | ₹1,98,000 |
| S-HNI (min) | 34 | 510 | ₹2,04,000 |
| S-HNI (max) | 166 | 2,490 | ₹9,96,000 |
| B-HNI (min) | 167 | 2,505 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 481.35 crore in FY2008 to Rs 1,128.57 crore in FY2010.
- 02Profit after tax rose from Rs 50.30 crore in FY2008 to Rs 99.99 crore in FY2010.
- 03Net worth rose from Rs 164.64 crore in FY2008 to Rs 437.39 crore on 31 July 2010.
- 04It planned biomass power projects of 15 MW each in Punjab and Rajasthan with Rs 188.03 crore of the issue.
Risks · 5
- 01Total borrowing rose from Rs 124.87 crore in FY2008 to Rs 510.54 crore on 31 July 2010.
- 02It was spreading into several new businesses at once, with Rs 169.67 crore going to subsidiaries.
- 03Power distribution contracts come mostly from state utilities, which can pay late; Rs 125.00 crore was for working capital.
- 04The issue was priced at Rs 400, the bottom of its price band.
- 05The promoter held 55.81% before the issue and 42.1% after it.
Three years of numbers
All figures in ₹ crore, as reported in the A2Z Maintenance & Engineering Services offer document.
| Metric | 31 Jul 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 1,294.71 | 1,263.25 | 781.78 | 487.10 |
| Total Income | 367.65 | 1,128.57 | 674.05 | 481.35 |
| Profit After Tax | 30.93 | 99.99 | 59.68 | 50.30 |
| NET Worth | 437.39 | 419.38 | 224.33 | 164.64 |
| Reserves and Surplus | 395.27 | 367.02 | 202.68 | 70.51 |
| Total Borrowing | 510.54 | 351.61 | 262.51 | 124.87 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the A2Z Maintenance & Engineering Services RHP.
Where the money goes
₹675.00 Cr of the issue is earmarked to named objects.
About the company
It is an EPC company serving the power transmission and distribution sector, mainly distribution, and was diversifying into EPC for power generation, roads and telecom.
It also generates power from renewable sources, provides municipal solid waste management services, and offers facility management services.
The IPO was Rs 776.25 crore, with Rs 675.01 crore of fresh issue and Rs 101.24 crore of offer for sale, at Rs 400, the bottom of the Rs 400 to Rs 410 band. The fresh money was for biomass power projects, subsidiaries, a loan repayment and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
A2Z Maintenance & Engineering Services IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Dam Capital Advisors Ltd
69 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
YES Bank Ltd
14 issues handledBest listing: CDSL (+67.8%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of A2Z Maintenance & Engineering Services?
The current Grey Market Premium is ₹0.
What is the A2Z Maintenance & Engineering Services IPO price band?
₹400 to ₹410, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 December 2010, with listing on 23 December 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
