Indus Fila IPO
Indus Fila IPO — date, price band, lot size & details 2007
Indus Fila listed on 8 Mar 2007 at ₹158.9, 6.5% below the ₹170 issue price.
Indus Fila is a Mandhana group textile and garment maker that supplies brands such as Izod, Arrow, Chaps, Armani Exchange and Levi Strauss. Its total income was Rs 9,143.72 lakhs in FY2006.
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 12 Feb 2007
- Close 14 Feb 2007
- Allotment 27 Feb 2007
- Refund/credit TBA
- Listing 08 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 14 Feb, 2007 |
|---|---|
| Price Band | ₹170 – ₹185 |
| Face Value | ₹10 |
| Lot Size | 36 Shares |
| Issue Size | ₹82.34 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Datamatics Business Solutions Ltd. |
| Min Investment | ₹ 6,120 |
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 36 shares at the ₹170 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 36 | ₹6,120 |
| Retail (max) | 32 | 1,152 | ₹1,95,840 |
| S-HNI (min) | 33 | 1,188 | ₹2,01,960 |
| S-HNI (max) | 163 | 5,868 | ₹9,97,560 |
| B-HNI (min) | 164 | 5,904 | ₹10,03,680 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,511.19 lakhs in FY2004 to Rs 9,143.72 lakhs in FY2006, and was Rs 12,506.37 lakhs in six months to September 2006.
- 02Profit after tax rose from Rs 98.49 lakhs in FY2004 to Rs 548.96 lakhs in FY2006, and was Rs 1,063.44 lakhs in six months to September 2006.
- 03Net worth rose from Rs 537.72 lakhs in FY2004 to Rs 2,954.33 lakhs in September 2006.
- 04It had 156 looms making about 20.80 million meters of fabric a year.
Risks · 5
- 0148 of its 156 looms were run under a manufacturing agreement, not owned.
- 02It depended on a few large global brands, at least 5 named in the prospectus, for orders.
- 03Very fast growth, from Rs 1,511.19 lakhs of income in FY2004, is hard to keep up.
- 04The issue was priced at Rs 170, the bottom of its band.
- 05Promoter holding fell from 89.45% before the issue to 67.09% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Indus Fila offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 125.06 | 91.44 | 43.83 | 15.11 |
| Profit After Tax | 10.63 | 5.49 | 3.25 | 0.98 |
| NET Worth | 29.54 | 23.01 | 9.34 | 5.38 |
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 Indus Fila RHP.
Where the money goes
₹171.20 Cr of the issue is earmarked to named objects.
About the company
It is a fashion and textile maker focused on design and backward integration, from a family long in the textile business.
It ran 156 weaving looms, including 48 under a manufacturing agreement, making about 20.80 million meters of fabric a year, and 750 sewing machines. Its clients included Izod, Arrow, Chaps, Armani Exchange and Levi Strauss.
The IPO was Rs 82.34 crore and was entirely a fresh issue at Rs 170, the bottom of the Rs 170 to Rs 185 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
022-66712001
The bankers & the filings
Who is running the book, and the documents this page is built from.
Indus Fila 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.
Anand Rathi Advisors Ltd
30 issues handledBest listing: Paras Defence & Space Technologies (+168.0%). Weakest: Aanjaneya Lifecare (-6.8%).
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 Indus Fila?
The current Grey Market Premium is ₹0.
What is the Indus Fila IPO price band?
₹170 to ₹185, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 February 2007, with listing on 8 March 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Datamatics Business Solutions Ltd..
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.
