Page Industries IPO
Page Industries IPO — date, price band, lot size & details 2007
Page Industries listed on 16 Mar 2007 at ₹329, 8.6% below the ₹360 issue price.
Page Industries makes and sells innerwear and leisurewear in India under the Jockey brand. Its total income was Rs 1037.78 million in FY2006.
Stock price
Page Industries 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 23 Feb 2007
- Close 27 Feb 2007
- Allotment 09 Mar 2007
- Refund/credit TBA
- Listing 16 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 27 Feb, 2007 |
|---|---|
| Price Band | ₹360 – ₹395 |
| Face Value | ₹10 |
| Lot Size | 15 Shares |
| Issue Size | ₹100.94 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,400 |
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 15 shares at the ₹360 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 15 | ₹5,400 |
| Retail (max) | 37 | 555 | ₹1,99,800 |
| S-HNI (min) | 38 | 570 | ₹2,05,200 |
| S-HNI (max) | 185 | 2,775 | ₹9,99,000 |
| B-HNI (min) | 186 | 2,790 | ₹10,04,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 377.29 million in FY2002 to Rs 1037.78 million in FY2006.
- 02Total income was Rs 741.87 million in six months to September 2006.
- 03It sold under the Jockey brand in India and was adding 6 elastic looms to its 4.
- 04Return on net worth was very high at 90.98%.
Risks · 5
- 01Its business rests on 1 licensed brand, Jockey, which it does not own.
- 02It had 3275 employees, so labour costs matter.
- 03Rs 50.10 crore of the Rs 100.94 crore issue went to selling shareholders.
- 04The issue was priced at Rs 360, the bottom of its band.
- 05Promoter holding fell from 97.125% before the issue to 72.351% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Page Industries offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 74.19 | 103.78 | 77.82 | 64.10 |
| Profit After Tax | 8.91 | 11.39 | 4.24 | 5.27 |
| NET Worth | 17.43 | 12.52 | 6.67 | 5.19 |
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 Page Industries RHP.
Where the money goes
₹62.01 Cr of the issue is earmarked to named objects.
About the company
It makes quality innerwear and leisurewear under the Jockey brand for the Indian market.
As on 30 September 2006 it had 3275 employees on its payroll. It planned to expand its knitting and garment capacity and to add 6 elastic looms to its existing four.
The IPO was Rs 100.94 crore, with Rs 50.84 crore of fresh issue and Rs 50.10 crore of offer for sale, at Rs 360, the bottom of the Rs 360 to Rs 395 band.
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.
Page Industries 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.
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 Page Industries?
The current Grey Market Premium is ₹0.
What is the Page Industries IPO price band?
₹360 to ₹395, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 March 2007, with listing on 16 March 2007.
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.
