Bhagwati Banquets & Hotels IPO
Bhagwati Banquets & Hotels IPO — date, price band, lot size & details 2007
Bhagwati Banquets & Hotels listed on 17 May 2007 at ₹45, 12.5% above the ₹40 issue price.
Bhagwati Banquets and Hotels runs banquet halls, restaurants, catering and The Grand Bhagwati hotel in Ahmedabad under the tgb brand. Its operations started in June 2002.
Stock price
Bhagwati Banquets & Hotels 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 18 Apr 2007
- Close 25 Apr 2007
- Allotment 08 May 2007
- Refund/credit TBA
- Listing 17 May 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 25 Apr, 2007 |
|---|---|
| Price Band | ₹36 – ₹40 |
| Face Value | ₹10 |
| Lot Size | 175 Shares |
| Issue Size | ₹92 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 7,000 |
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 175 shares at the ₹40 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 175 | ₹7,000 |
| Retail (max) | 28 | 4,900 | ₹1,96,000 |
| S-HNI (min) | 29 | 5,075 | ₹2,03,000 |
| S-HNI (max) | 142 | 24,850 | ₹9,94,000 |
| B-HNI (min) | 143 | 25,025 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its promoter group had run the tgb brand in Ahmedabad for 20 years.
- 02The Grand Bhagwati hotel had 348 employees.
- 03It earned from 4 lines: banquets, hotel rooms, restaurants and catering.
- 04Return on net worth was 8.12%.
Risks · 5
- 01Return on net worth was low at 8.12%.
- 02Its business was concentrated in 1 city, Ahmedabad.
- 03Banquet demand is seasonal, peaking in the wedding season; it began operations only in June 2002.
- 04Hotel spending needs large capital with slow payback; Rs 73.82 crore of fresh money was raised.
- 05Promoter holding fell from 93.51% before the issue to 35.59% after it, a low stake.
Three years of numbers
All figures in ₹ crore, as reported in the Bhagwati Banquets & Hotels offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 24.63 | 23.13 | 13.36 | 12.33 |
| Profit After Tax | 3.21 | 1.37 | 0.91 | 1.21 |
| NET Worth | 24.18 | 16.49 | 12.26 | 8.81 |
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 Bhagwati Banquets & Hotels RHP.
Where the money goes
₹104.50 Cr of the issue is earmarked to named objects.
About the company
It was set up to run banquet halls, marriage halls and party venues, and runs a hotel and restaurants.
Its promoter group had run banquets, a hotel, restaurants, outdoor catering and conferences in Ahmedabad for 20 years under the tgb brand. The Grand Bhagwati hotel had 348 employees.
The IPO was Rs 92 crore at Rs 40, the top of the Rs 36 to Rs 40 band, of which Rs 73.82 crore was fresh issue.
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.
Bhagwati Banquets & Hotels 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.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
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 Bhagwati Banquets & Hotels?
The current Grey Market Premium is ₹0.
What is the Bhagwati Banquets & Hotels IPO price band?
₹36 to ₹40, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 May 2007, with listing on 17 May 2007.
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.
