Lanco Infratech IPO
Lanco Infratech IPO — date, price band, lot size & details 2006
Lanco Infratech listed on 27 Nov 2006 at ₹270, 12.5% above the ₹240 issue price.
Lanco Infratech is a Hyderabad based infrastructure company with interests in power plants, construction and property development. Its total income was Rs 148.39 crore 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 06 Nov 2006
- Close 10 Nov 2006
- Allotment TBA
- Refund/credit TBA
- Listing 27 Nov 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 10 Nov, 2006 |
|---|---|
| Price Band | ₹200 – ₹240 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹1067.34 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
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 25 shares at the ₹240 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,000 |
| Retail (max) | 33 | 825 | ₹1,98,000 |
| S-HNI (min) | 34 | 850 | ₹2,04,000 |
| S-HNI (max) | 166 | 4,150 | ₹9,96,000 |
| B-HNI (min) | 167 | 4,175 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had 149.75 MW in operation and 1,260.0 MW under development across 11 power projects.
- 02It owned 33.9% of the 368.1 MW Kondapalli Power Plant, with a deal to buy 25.1% more.
- 03Net worth rose from Rs 69.17 crore in FY2004 to Rs 300.09 crore on 30 June 2006.
- 04Profit after tax was Rs 9.33 crore in the June 2006 quarter, more than the Rs 9.15 crore of all of FY2006.
Risks · 5
- 01Most of the issue money went into projects still under development, including Rs 642.30 crore for the Nagarjuna power project.
- 02Total income fell from Rs 185.29 crore in FY2005 to Rs 148.39 crore in FY2006.
- 03Profit after tax was small at Rs 9.15 crore in FY2006 for a Rs 1,067.34 crore issue.
- 04Power projects depend on state guarantees and tariffs, which states may not honour, across its 11 projects.
- 05Promoter and promoter group holding fell from 93.75% before the issue to 75.00% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Lanco Infratech offer document.
| Metric | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 1,261.78 | 252.05 | 162.53 | 138.45 |
| Total Income | 110.96 | 148.39 | 185.29 | 130.77 |
| Profit After Tax | 9.33 | 9.15 | 3.27 | 3.46 |
| NET Worth | 300.09 | 95.43 | 78.36 | 69.17 |
| Reserves and Surplus | 243.31 | 64.66 | 70.67 | 61.47 |
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 Lanco Infratech RHP.
Where the money goes
₹1,184.11 Cr of the issue is earmarked to named objects.
About the company
It is an infrastructure development company with interests in power, construction and property development.
It owned 11 power projects, 5 in operation with 149.75 MW and 6 under development with 1,260.0 MW. It also owned 33.9% of the 368.1 MW Kondapalli Power Plant and had agreed to buy a further 25.1% from Globeleq.
The IPO was Rs 1,067.34 crore and was entirely a fresh issue at Rs 240, the top of the Rs 200 to Rs 240 band. Most of the money was for investing in its power project companies, including Rs 642.30 crore in the Nagarjuna power project, and a Hyderabad property project.
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.
Lanco Infratech 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.
Axis Capital
260 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
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 Lanco Infratech?
The current Grey Market Premium is ₹0.
What is the Lanco Infratech IPO price band?
₹200 to ₹240, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 27 November 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.
