LT Overseas IPO
LT Overseas IPO — date, price band, lot size & details 2006
LT Overseas listed on 18 Dec 2006 at ₹60, 7.1% above the ₹56 issue price.
LT Overseas mills, processes and markets branded and unbranded basmati rice and rice food products in India and abroad from Sonepat, Haryana. Its total income was Rs 400.83 crore in FY2006.
Stock price
LT Overseas 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 27 Nov 2006
- Close 30 Nov 2006
- Allotment 11 Dec 2006
- Refund/credit TBA
- Listing 18 Dec 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 30 Nov, 2006 |
|---|---|
| Price Band | ₹50 – ₹56 |
| Face Value | ₹10 |
| Lot Size | 125 Shares |
| Issue Size | ₹39.4 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private 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 125 shares at the ₹56 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 125 | ₹7,000 |
| Retail (max) | 28 | 3,500 | ₹1,96,000 |
| S-HNI (min) | 29 | 3,625 | ₹2,03,000 |
| S-HNI (max) | 142 | 17,750 | ₹9,94,000 |
| B-HNI (min) | 143 | 17,875 | ₹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 360.72 crore in FY2005 to Rs 400.83 crore in FY2006.
- 02Profit after tax more than doubled from Rs 4.97 crore in FY2005 to Rs 11.13 crore in FY2006.
- 03Net worth rose from Rs 42.65 crore in FY2004 to Rs 57.10 crore on 30 June 2006.
- 04Rs 9.84 crore of the issue was for silo grain storage.
Risks · 5
- 01Profit after tax was only Rs 11.13 crore on income of Rs 400.83 crore in FY2006, so margins were thin.
- 02Total assets of Rs 254.92 crore in FY2006 were large next to net worth, as rice stocks are held for long periods.
- 03Basmati exports depend on overseas demand, crop size and the rupee; it had 4 subsidiaries, including Nice International FZE abroad.
- 04Rs 17.70 crore of the issue was for general corporate purposes.
- 05Promoter and promoter group holding fell from 93.37% before the issue to 63.87% after it.
Three years of numbers
All figures in ₹ crore, as reported in the LT Overseas offer document.
| Metric | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 242.64 | 254.92 | 250.83 | 223.63 |
| Total Income | 78.25 | 400.83 | 360.72 | 362.13 |
| Profit After Tax | 2.66 | 11.13 | 4.97 | 5.41 |
| NET Worth | 57.10 | 54.92 | 46.34 | 42.65 |
| Reserves and Surplus | 48.58 | 53.15 | 43.56 | 38.59 |
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 LT Overseas RHP.
Where the money goes
₹52.94 Cr of the issue is earmarked to named objects.
About the company
It mills, processes and markets branded and unbranded basmati rice and makes rice food products for India and overseas markets. Its work covers contract farming, procurement, storage, processing, packaging and distribution, with R&D on aroma, grain yield and value added rice.
Its factory is at village Joshi Chauhan in Sonepat, Haryana. Its subsidiaries included LT International, Nature Bio Foods, Sona Global and Nice International FZE.
The IPO was Rs 39.40 crore and was entirely a fresh issue at Rs 56, the top of the Rs 50 to Rs 56 band. The money was for new parboiled rice capacity, a value added rice line, silos and storage, captive power 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.
LT Overseas 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.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
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 LT Overseas?
The current Grey Market Premium is ₹0.
What is the LT Overseas IPO price band?
₹50 to ₹56, on a face value of ₹10.
When is the allotment?
The basis of allotment is 11 December 2006, with listing on 18 December 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services 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.
