First Winner Industries IPO
First Winner Industries IPO — date, price band, lot size & details 2008
First Winner Industries listed on 8 Jul 2008 at ₹110, 12% below the ₹125 issue price.
First Winner Industries is a Mumbai based textile company that supplied fabrics to wholesalers and garment makers and was setting up weaving and apparel units. Its total income was Rs 55.55 crore in FY2007.
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 09 Jun 2008
- Close 17 Jun 2008
- Allotment 27 Jun 2008
- Refund/credit TBA
- Listing 08 Jul 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 17 Jun, 2008 |
|---|---|
| Price Band | ₹115 – ₹125 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹68.75 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,250 |
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 ₹125 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,250 |
| Retail (max) | 32 | 1,600 | ₹2,00,000 |
| S-HNI (min) | 33 | 1,650 | ₹2,06,250 |
| S-HNI (max) | 160 | 8,000 | ₹10,00,000 |
| B-HNI (min) | 161 | 8,050 | ₹10,06,250 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 27.87 crore in FY2005 to Rs 55.55 crore in FY2007, and was Rs 66.57 crore in ten months to January 2008.
- 02Profit after tax rose from Rs 0.06 crore in FY2006 to Rs 2.55 crore in FY2007, and was Rs 5.12 crore in ten months to January 2008.
- 03Net worth rose from Rs 4.25 crore in FY2006 to Rs 29.44 crore in January 2008.
- 04Return on capital employed was 18.95%.
Risks · 5
- 01It was a young company, set up only in January 2003, with a short record of profits.
- 02Profit was tiny until FY2007, only Rs 0.10 crore in FY2005.
- 03Total assets jumped from Rs 13.11 crore in FY2006 to Rs 52.08 crore in FY2007, largely funded by liabilities.
- 04Rs 18.00 crore of the issue went to prepay a term loan.
- 05Promoter holding fell from 59.96% before the issue to 41.36% after it.
Three years of numbers
All figures in ₹ crore, as reported in the First Winner Industries offer document.
| Metric | 31 Jan 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Assets | 62.98 | 52.08 | 13.11 | 7.23 |
| Total Income | 66.57 | 55.55 | 38.28 | 27.87 |
| Profit After Tax | 5.12 | 2.55 | 0.06 | 0.10 |
| NET Worth | 29.44 | 19.09 | 4.25 | 2.20 |
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 First Winner Industries RHP.
Where the money goes
₹68.75 Cr of the issue is earmarked to named objects.
About the company
It began by supplying textile fabrics to wholesalers and apparel and garment makers.
It started as a fabric trader and was moving into its own manufacturing.
The IPO was Rs 68.75 crore and was entirely a fresh issue at Rs 125, the top of the Rs 115 to Rs 125 band. The money was for a weaving unit, an apparel plant and prepaying a term loan.
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.
First Winner 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.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: Alpa Laboratories (-10.3%).
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 First Winner Industries?
The current Grey Market Premium is ₹0.
What is the First Winner Industries IPO price band?
₹115 to ₹125, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 June 2008, with listing on 8 July 2008.
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.
