Fiem Industries IPO
Fiem Industries IPO — date, price band, lot size & details 2006
Fiem Industries listed on 19 Oct 2006 at ₹169.25, 23.5% above the ₹137 issue price.
Fiem Industries makes automotive lighting, signalling equipment and rear view mirrors for two wheelers and four wheelers under the FIEM brand. Its total income was Rs 128.18 crore in FY2006.
Stock price
Fiem Industries 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 21 Sep 2006
- Close 27 Sep 2006
- Allotment 10 Oct 2006
- Refund/credit TBA
- Listing 19 Oct 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 27 Sep, 2006 |
|---|---|
| Price Band | ₹125 – ₹145 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹56.17 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,165 |
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 45 shares at the ₹137 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹6,165 |
| Retail (max) | 32 | 1,440 | ₹1,97,280 |
| S-HNI (min) | 33 | 1,485 | ₹2,03,445 |
| S-HNI (max) | 162 | 7,290 | ₹9,98,730 |
| B-HNI (min) | 163 | 7,335 | ₹10,04,895 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 64.46 crore in FY2004 to Rs 128.18 crore in FY2006.
- 02Profit after tax rose from Rs 0.69 crore in FY2004 to Rs 7.51 crore in FY2006.
- 03Net worth rose from Rs 12.87 crore in FY2004 to Rs 27.77 crore in FY2006.
- 04It had 3 plants and a technical support agreement with Ichikoh of Japan.
Risks · 5
- 01Its tax benefits under sections 80 IC and 10B at Nalagarh and its Hosur export unit could end or shrink, raising its tax bill.
- 02Auto parts makers depend on a few vehicle makers and their volumes; profit was Rs 3.20 crore in FY2005.
- 03Rs 40.68 crore of the issue was for new projects and expansion that had yet to be built.
- 04Plastic and other raw material costs can swing; total income was Rs 99.72 crore in FY2005.
- 05Promoter and promoter group holding fell from 97.76% before the issue to 63.96% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Fiem Industries offer document.
| Metric | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Total Income | 128.18 | 99.72 | 64.46 |
| Profit After Tax | 7.51 | 3.20 | 0.69 |
| NET Worth | 27.77 | 16.95 | 12.87 |
| Reserves and Surplus | 20.62 | 11.14 | 7.94 |
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 Fiem Industries RHP.
Where the money goes
₹66.64 Cr of the issue is earmarked to named objects.
About the company
It makes head lamps, tail lamps, side indicator lamps, reflex reflectors, rear fenders and rear view mirrors for two wheelers and four wheelers, and sells under the FIEM brand.
Its plants were at Kundli in Sonepat, Haryana, Hosur in Tamil Nadu and Mysore in Karnataka, and it was setting up a new unit at Nalagarh in Himachal Pradesh. It had a technical support agreement with Ichikoh Industries of Japan.
The IPO was Rs 56.17 crore and was entirely a fresh issue at Rs 137, within the Rs 125 to Rs 145 band. The money was for new projects and expansion, repaying a term loan, working capital and general purposes.
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.
Fiem Industries 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.
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
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 Fiem Industries?
The current Grey Market Premium is ₹0.
What is the Fiem Industries IPO price band?
₹125 to ₹145, on a face value of ₹10.
When is the allotment?
The basis of allotment is 10 October 2006, with listing on 19 October 2006.
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.
