Pennar Engineered Building Systems IPO
Pennar Engineered Building Systems IPO — date, price band, lot size & details 2015
Pennar Engineered Building Systems listed on 10 Sep 2015 at ₹177.95, flat to the ₹178 issue price.
Pennar Engineered Building Systems designs, makes, supplies and assembles custom designed pre engineered buildings and related steel structures. Its total income was Rs 452.36 crore in FY2015.
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 25 Aug 2015
- Close 27 Aug 2015
- Allotment 03 Sep 2015
- Refund/credit TBA
- Listing 10 Sep 2015
Issue summary
The terms of the offer, as filed.
| IPO Dates | 25 to 27 Aug, 2015 |
|---|---|
| Price Band | ₹170 – ₹178 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹156.19 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,240 |
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 80 shares at the ₹178 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹14,240 |
| Retail (max) | 14 | 1,120 | ₹1,99,360 |
| S-HNI (min) | 15 | 1,200 | ₹2,13,600 |
| S-HNI (max) | 70 | 5,600 | ₹9,96,800 |
| B-HNI (min) | 71 | 5,680 | ₹10,11,040 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 290.96 crore in FY2013 to Rs 452.36 crore in FY2015.
- 02Profit after tax rose from Rs 14.76 crore in FY2013 to Rs 21.98 crore in FY2015.
- 03EBITDA rose from Rs 36.98 crore in FY2013 to Rs 48.88 crore in FY2015.
- 04Rs 34.00 crore of the issue was for repaying working capital loans.
Risks · 5
- 01Profit after tax was Rs 21.98 crore on income of Rs 452.36 crore in FY2015, so margins are thin.
- 02Steel prices drive its costs, and demand follows industrial construction; total assets were Rs 318.52 crore.
- 03Rs 98.19 crore of the Rs 156.19 crore issue went to selling shareholders.
- 04The company was set up only in 2010, so its own record is short; net worth was Rs 128.50 crore.
- 05Its promoter held 69.13% before the issue.
Three years of numbers
All figures in ₹ crore, as reported in the Pennar Engineered Building Systems offer document.
| Metric | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|
| Assets | 318.52 | 264.05 | 237.68 |
| Total Income | 452.36 | 369.75 | 290.96 |
| Profit After Tax | 21.98 | 17.22 | 14.76 |
| EBITDA | 48.88 | 39.83 | 36.98 |
| NET Worth | 128.50 | 106.63 | 70.39 |
| Reserves and Surplus | 97.79 | 76.16 | 42.90 |
| Total Borrowing | - | - | 49.44 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹52.79 Cr of the issue is earmarked to named objects.
About the company
It offers custom designed building systems, covering design, manufacture, supply and assembly.
Its products and services include pre engineered buildings, design and engineering services, solar module mounting structures, cold form buildings and structural steel products.
The IPO was Rs 156.19 crore, with Rs 58.00 crore of fresh issue and Rs 98.19 crore of offer for sale, at Rs 178, the top of the Rs 170 to Rs 178 band. The fresh money was for repaying working capital loans and expanding its design and engineering services.
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.
Pennar Engineered Building Systems 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%).
Motilal Oswal Investment Advisors
78 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: R K Swamy (-13.2%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 Pennar Engineered Building Systems?
The current Grey Market Premium is ₹0.
What is the Pennar Engineered Building Systems IPO price band?
₹170 to ₹178, on a face value of ₹10.
When is the allotment?
The basis of allotment is 3 September 2015, with listing on 10 September 2015.
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.
