Ramky Infrastructure IPO
Ramky Infrastructure IPO — date, price band, lot size & details 2010
Ramky Infrastructure listed on 8 Oct 2010 at ₹471.55, 4.8% above the ₹450 issue price.
Ramky Infrastructure is an integrated construction and infrastructure development company working in water, transport, irrigation, industrial parks, power and real estate. Its total income was Rs 2,009.34 crore in FY2010.
Stock price
Ramky Infrastructure 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 21 Sep 2010
- Close 23 Sep 2010
- Allotment 04 Oct 2010
- Refund/credit TBA
- Listing 08 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Sep, 2010 |
|---|---|
| Price Band | ₹405 – ₹468 |
| Face Value | ₹10 |
| Lot Size | 14 Shares |
| Issue Size | ₹530 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,300 |
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 14 shares at the ₹450 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 14 | ₹6,300 |
| Retail (max) | 31 | 434 | ₹1,95,300 |
| S-HNI (min) | 32 | 448 | ₹2,01,600 |
| S-HNI (max) | 158 | 2,212 | ₹9,95,400 |
| B-HNI (min) | 159 | 2,226 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,056.04 crore in FY2008 to Rs 2,009.34 crore in FY2010.
- 02Profit after tax rose from Rs 51.02 crore in FY2008 to Rs 104.23 crore in FY2010.
- 03It works across many segments, from water and transport to industrial parks and power, with 11 subsidiaries in its developer business.
- 04Net worth rose from Rs 254.06 crore in FY2008 to Rs 426.26 crore in FY2010.
Risks · 5
- 01Total borrowing rose from Rs 264.44 crore in FY2008 to Rs 473.90 crore in FY2010.
- 02Profit after tax was Rs 104.23 crore on income of Rs 2,009.34 crore in FY2010, so margins are thin.
- 03Much of its work comes from government agencies, so payments can be delayed; total assets were Rs 1,806.47 crore.
- 04Its developer business through subsidiaries needs large capital before it earns; Rs 80.46 crore was for equipment.
- 05Promoter holding fell from 84.12% before the issue to 72.68% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Ramky Infrastructure offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Assets | 1,806.47 | 1,370.09 | 996.85 |
| Total Income | 2,009.34 | 1,468.78 | 1,056.04 |
| Profit After Tax | 104.23 | 67.97 | 51.02 |
| NET Worth | 426.26 | 322.03 | 254.06 |
| Reserves and Surplus | 376.84 | 272.61 | 204.64 |
| Total Borrowing | 473.90 | 389.90 | 264.44 |
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 Ramky Infrastructure RHP.
Where the money goes
₹900.01 Cr of the issue is earmarked to named objects.
About the company
It has worked on projects in water and waste water, transport, irrigation, industrial parks including SEZs, power transmission and distribution, and residential, commercial and retail property.
It runs a construction business itself and a developer business through 11 subsidiaries and two associates. It is headquartered in Hyderabad, with five zonal offices, three regional offices and an office in Sharjah.
The IPO was Rs 530 crore, with Rs 350.00 crore of fresh issue and Rs 180.00 crore of offer for sale, at Rs 450, within the Rs 405 to Rs 468 band. The fresh money was for equipment, working capital and repaying loans.
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.
Ramky Infrastructure 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%).
Deutsche Equities India Pvt. Ltd
14 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Adlabs Entertainment (-9.9%).
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 Ramky Infrastructure?
The current Grey Market Premium is ₹0.
What is the Ramky Infrastructure IPO price band?
₹405 to ₹468, on a face value of ₹10.
When is the allotment?
The basis of allotment is 4 October 2010, with listing on 8 October 2010.
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.
