Bannari Amman Spinning Mills IPO
Bannari Amman Spinning Mills IPO — date, price band, lot size & details 2005
Bannari Amman Spinning Mills listed on 14 Nov 2005 at ₹100.95, 25.2% below the ₹135 issue price.
Bannari Amman Spinning Mills is a Tamil Nadu based maker of cotton yarn, part of the Bannari Amman group, which also runs 5 MW of windmills. Its total income was Rs 75.63 crore in FY2005.
Stock price
Bannari Amman Spinning Mills 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 19 Oct 2005
- Close 25 Oct 2005
- Allotment 08 Nov 2005
- Refund/credit TBA
- Listing 14 Nov 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 25 Oct, 2005 |
|---|---|
| Price Band | ₹115 – ₹135 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹94.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,750 |
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 50 shares at the ₹135 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,750 |
| Retail (max) | 29 | 1,450 | ₹1,95,750 |
| S-HNI (min) | 30 | 1,500 | ₹2,02,500 |
| S-HNI (max) | 148 | 7,400 | ₹9,99,000 |
| B-HNI (min) | 149 | 7,450 | ₹10,05,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 71.93 crore in FY2004 to Rs 75.63 crore in FY2005.
- 02Profit after tax rose from Rs 7.10 crore in FY2004 to Rs 11.53 crore in FY2005.
- 03It had 4 windmills of 5 MW to cut power costs.
- 04Net worth rose from Rs 35.67 crore in FY2004 to Rs 50.17 crore in August 2005.
Risks · 5
- 01The Rs 94.5 crore issue was large next to its net worth of Rs 50.17 crore, so the expansion carried execution risk.
- 02Cotton prices drive its costs; profit was Rs 5.40 crore in five months to August 2005.
- 03It had an export obligation of Rs 35.02 million to meet.
- 04Yarn is a commodity with thin margins; total income was Rs 36.89 crore in five months.
- 05Promoter group holding fell from 100% before the issue to 55.56% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Bannari Amman Spinning Mills offer document.
| Metric | 31 Aug 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Total Income | 36.89 | 75.63 | 71.93 |
| Profit After Tax | 5.40 | 11.53 | 7.10 |
| NET Worth | 50.17 | 46.10 | 35.67 |
| Reserves and Surplus | 41.41 | 37.35 | 32.17 |
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 Bannari Amman Spinning Mills RHP.
Where the money goes
₹290.00 Cr of the issue is earmarked to named objects.
About the company
It makes cotton yarn for domestic and export markets.
It had installed 4 windmills with a rated capacity of 5 MW, and had an export obligation of Rs 35.02 million. Oriental Bank of Commerce was appointed to monitor the use of IPO money.
The IPO was Rs 94.5 crore and was entirely a fresh issue at Rs 135, the top of the Rs 115 to Rs 135 band.
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.
Bannari Amman Spinning Mills 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.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Page Industries (-8.6%).
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 Bannari Amman Spinning Mills?
The current Grey Market Premium is ₹0.
What is the Bannari Amman Spinning Mills IPO price band?
₹115 to ₹135, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 November 2005, with listing on 14 November 2005.
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.
