Lokesh Machines IPO
Lokesh Machines IPO — date, price band, lot size & details 2006
Lokesh Machines listed on 5 May 2006 at ₹211.65, 51.2% above the ₹140 issue price.
Lokesh Machines is a Hyderabad based maker of CNC and special purpose machine tools that also machines engine parts such as cylinder blocks and heads for vehicle makers. Its total income was Rs 69.22 crore in FY2005.
Stock price
Lokesh Machines 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 07 Apr 2006
- Close 13 Apr 2006
- Allotment 27 Apr 2006
- Refund/credit TBA
- Listing 05 May 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 13 Apr, 2006 |
|---|---|
| Price Band | ₹130 – ₹140 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹42 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies 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 50 shares at the ₹140 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹7,000 |
| Retail (max) | 28 | 1,400 | ₹1,96,000 |
| S-HNI (min) | 29 | 1,450 | ₹2,03,000 |
| S-HNI (max) | 142 | 7,100 | ₹9,94,000 |
| B-HNI (min) | 143 | 7,150 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 38.07 crore in FY2004 to Rs 69.22 crore in FY2005.
- 02Profit after tax rose from Rs 0.95 crore in FY2004 to Rs 5.22 crore in FY2005.
- 03It had long term arrangements with Ashok Leyland and Mahindra and Mahindra for cylinder blocks and heads; Rs 20.99 crore of the issue was for a new machining facility.
- 04Net worth rose from Rs 16.16 crore in FY2004 to Rs 24.13 crore on 31 October 2005.
Risks · 5
- 01Profit after tax was only Rs 2.36 crore in seven months to October 2005.
- 02Machine tool and auto component demand follows the vehicle cycle; total assets were Rs 86.69 crore.
- 03A large share of component work depended on a few vehicle makers; it had 389 employees.
- 04Restated profit swung widely, from Rs 0.95 crore in FY2004 to Rs 5.22 crore in FY2005.
- 05Promoter holding fell from 90.13% before the issue to 67.17% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Lokesh Machines offer document.
| Metric | 31 Oct 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 86.69 | 81.07 | 67.04 |
| Total Income | 40.89 | 69.22 | 38.07 |
| Profit After Tax | 2.36 | 5.22 | 0.95 |
| NET Worth | 24.13 | 20.34 | 16.16 |
| Reserves and Surplus | 15.35 | 11.56 | 7.39 |
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 Lokesh Machines RHP.
Where the money goes
₹50.01 Cr of the issue is earmarked to named objects.
About the company
It makes CNC machines, special purpose machines and other machine tools, and machines critical engine components such as cylinder blocks and cylinder heads.
Its customers included Ashok Leyland, Bajaj Auto, Escorts, Maruti Udyog, Honda, Kinetic, Mahindra and Mahindra and Hindustan Motors. Its works were in Medak and Ranga Reddy districts and at Balanagar in Hyderabad, and it had 389 employees as on 31 December 2005.
The IPO was Rs 42 crore and was entirely a fresh issue at Rs 140, the top of the Rs 130 to Rs 140 band. The money was for a new facility to machine cylinder blocks and heads for commercial vehicles, modernising its machine tool plant and working capital.
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.
Lokesh Machines 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.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
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 Lokesh Machines?
The current Grey Market Premium is ₹0.
What is the Lokesh Machines IPO price band?
₹130 to ₹140, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 April 2006, with listing on 5 May 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
