Nu Tek India IPO
Nu Tek India IPO — date, price band, lot size & details 2008
Nu Tek India listed on 27 Aug 2008 at ₹195, 1.6% above the ₹192 issue price.
Nu Tek India is a New Delhi based telecom infrastructure services company that installs and maintains network equipment for telecom makers, operators and tower companies. Its total income was Rs 96.70 crore in FY2008.
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 29 Jul 2008
- Close 01 Aug 2008
- Allotment 21 Aug 2008
- Refund/credit TBA
- Listing 27 Aug 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Jul to 1 Aug, 2008 |
|---|---|
| Price Band | ₹170 – ₹192 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹86.4 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Aarthi Consultants Pvt.Ltd. |
| Min Investment | ₹ 5,760 |
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 30 shares at the ₹192 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹5,760 |
| Retail (max) | 34 | 1,020 | ₹1,95,840 |
| S-HNI (min) | 35 | 1,050 | ₹2,01,600 |
| S-HNI (max) | 173 | 5,190 | ₹9,96,480 |
| B-HNI (min) | 174 | 5,220 | ₹10,02,240 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 31.68 crore in FY2005 to Rs 96.70 crore in FY2008.
- 02Profit after tax rose from Rs 5.46 crore in FY2005 to Rs 21.27 crore in FY2008.
- 03Net worth rose from Rs 14.98 crore in FY2005 to Rs 86.51 crore in FY2008.
- 04Return on net worth was 23.79%.
Risks · 5
- 01Its business depended on telecom network spending by equipment makers and operators; expenditure was Rs 64.14 crore in FY2008.
- 02Rs 44.00 crore of the issue was for long term working capital, as such work ties up cash.
- 03Rs 21.00 crore was for overseas acquisitions that were not named.
- 04Rs 19.20 crore of the issue went to selling shareholders.
- 05Promoter holding was only 53.21% before the issue and 42.42% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Nu Tek India offer document.
| Metric | 31 Mar 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 96.70 | 63.80 | 48.56 | 31.68 |
| Profit After Tax | 21.27 | 11.59 | 5.09 | 5.46 |
| NET Worth | 86.51 | 41.19 | 24.32 | 14.98 |
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 Nu Tek India RHP.
Where the money goes
₹97.58 Cr of the issue is earmarked to named objects.
About the company
It is a telecom infrastructure services provider offering network rollout for mobile and fixed telecom networks.
Its customers were telecom equipment makers, telecom operators and third party infrastructure leasing companies, for whom it installed and maintained network equipment.
The IPO was Rs 86.4 crore, with Rs 67.20 crore of fresh issue and Rs 19.20 crore of offer for sale, at Rs 192, the top of the Rs 170 to Rs 192 band. The fresh money was for working capital, overseas acquisitions and capital spending.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
040-27638111/27638111/27638111
The bankers & the filings
Who is running the book, and the documents this page is built from.
Nu Tek India 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.
SPA Capital Advisors Ltd
4 issues handledBest listing: SRS (+17.2%). Weakest: Cantabil Retail India (-15.0%).
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 Nu Tek India?
The current Grey Market Premium is ₹0.
What is the Nu Tek India IPO price band?
₹170 to ₹192, on a face value of ₹10.
When is the allotment?
The basis of allotment is 21 August 2008, with listing on 27 August 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Aarthi Consultants Pvt.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.
