Bang Overseas IPO
Bang Overseas IPO — date, price band, lot size & details 2008
Bang Overseas listed on 20 Feb 2008 at ₹250, 20.8% above the ₹207 issue price.
Bang Overseas is a Mumbai based fashion fabric and apparel company that designs fabrics, has them made abroad and makes ready to wear clothing. Its total income was Rs 73.78 crore in FY2007.
Stock price
Bang Overseas 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 28 Jan 2008
- Close 31 Jan 2008
- Allotment 12 Feb 2008
- Refund/credit TBA
- Listing 20 Feb 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 31 Jan, 2008 |
|---|---|
| Price Band | ₹200 – ₹207 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹72.45 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,210 |
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 30 shares at the ₹207 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹6,210 |
| Retail (max) | 32 | 960 | ₹1,98,720 |
| S-HNI (min) | 33 | 990 | ₹2,04,930 |
| S-HNI (max) | 161 | 4,830 | ₹9,99,810 |
| B-HNI (min) | 162 | 4,860 | ₹10,06,020 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 17.91 crore in FY2005 to Rs 73.78 crore in FY2007, and was Rs 53.44 crore in six months to September 2007.
- 02Profit after tax rose from Rs 0.75 crore in FY2005 to Rs 6.86 crore in FY2007, and was Rs 5.72 crore in six months to September 2007.
- 03Net worth rose from Rs 4.37 crore in FY2005 to Rs 28.63 crore on 30 September 2007.
- 04Return on net worth was 57.96%.
Risks · 5
- 01Its fast growth came from a new apparel business, after it became a public company only in 2005.
- 02Fabrics made in Turkey, Portugal and Mauritius bring currency and supply risk; total expenditure was Rs 63.27 crore in FY2007.
- 03Total assets grew from Rs 13.58 crore in FY2005 to Rs 89.70 crore in September 2007, much of it funded by liabilities.
- 04Rs 36.71 crore of the issue was for a new apparel plant and Rs 10.63 crore for retail outlets, both new areas.
- 05Promoter holding fell from 91.74% before the issue to 68.06% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Bang Overseas offer document.
| Metric | 30 Sep 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Assets | 89.70 | 63.32 | 30.01 | 13.58 |
| Total Income | 53.44 | 73.78 | 44.69 | 17.91 |
| Profit After Tax | 5.72 | 6.86 | 2.15 | 0.75 |
| NET Worth | 28.63 | 18.75 | 6.54 | 4.37 |
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 Bang Overseas RHP.
Where the money goes
₹72.46 Cr of the issue is earmarked to named objects.
About the company
It supplies fashion fabrics and ready to wear products to customers in apparel, textile and retail.
It began by trading textiles, and since 1998 has designed fashion fabrics and had them made in countries such as Turkey, Portugal and Mauritius. It later set up its own apparel units.
The IPO was Rs 72.45 crore and was entirely a fresh issue at Rs 207, the top of the Rs 200 to Rs 207 band. The money was for a new apparel plant, retail outlets and brand building, and warehousing.
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.
Bang Overseas 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.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
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 Bang Overseas?
The current Grey Market Premium is ₹0.
What is the Bang Overseas IPO price band?
₹200 to ₹207, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 February 2008, with listing on 20 February 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
