Roman Tarmat IPO
Roman Tarmat IPO — date, price band, lot size & details 2007
Roman Tarmat listed on 9 Jul 2007 at ₹306.25, 75% above the ₹175 issue price.
Roman Tarmat is a Mumbai based infrastructure contractor that builds highways and runways for clients such as AAI, CPWD and MES. Its restated profit after tax was Rs 814.59 lakhs in its latest year before the IPO.
Stock price
Roman Tarmat 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 12 Jun 2007
- Close 19 Jun 2007
- Allotment 29 Jun 2007
- Refund/credit TBA
- Listing 09 Jul 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 12 to 19 Jun, 2007 |
|---|---|
| Price Band | ₹150 – ₹175 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹50.78 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 40 shares at the ₹175 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹7,000 |
| Retail (max) | 28 | 1,120 | ₹1,96,000 |
| S-HNI (min) | 29 | 1,160 | ₹2,03,000 |
| S-HNI (max) | 142 | 5,680 | ₹9,94,000 |
| B-HNI (min) | 143 | 5,720 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Restated profit after tax rose from Rs 172.99 lakhs to Rs 814.59 lakhs over the four latest years shown.
- 02It worked in 7 states for clients such as AAI, CPWD and MES.
- 03It had its own 30 cubic meter an hour concrete plant and 4 stone crushing units.
- 04Return on net worth was 29.49%.
Risks · 5
- 01Restated profit after tax fell from Rs 849.62 lakhs to Rs 814.59 lakhs in the latest year shown.
- 02It depended on government contracts from at least 5 bodies such as AAI and PWD.
- 03Road and runway contracts carry cost overrun risk from bitumen and fuel prices, across its 7 states.
- 04Construction income is lumpy and depends on winning new orders; the issue was Rs 50.78 crore.
- 05Promoter group holding fell from 82.50% before the issue to 60.67% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Roman Tarmat offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 102.50 | 67.84 | 59.30 | 51.66 |
| Total Income | 84.64 | 90.94 | 77.30 | 50.43 |
| Profit After Tax | 8.15 | 8.50 | 3.67 | 1.73 |
| NET Worth | 50.56 | 28.81 | 19.45 | 15.77 |
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 Roman Tarmat RHP.
Where the money goes
₹50.76 Cr of the issue is earmarked to named objects.
About the company
It builds highways and runways. It started with road works for government departments and is headquartered in Mumbai.
Its operations spread across 7 states, Maharashtra, Tamil Nadu, Karnataka, Kerala, Mizoram, Gujarat and Delhi, and its major clients include AAI, CPWD, MES, KSHIP and PWD. It runs a ready mix concrete plant of 30 cubic meter an hour at Goregaon and four stone crushing units.
The IPO was Rs 50.78 crore and was entirely a fresh issue at Rs 175, the top of the Rs 150 to Rs 175 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.
Roman Tarmat 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.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
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 Roman Tarmat?
The current Grey Market Premium is ₹0.
What is the Roman Tarmat IPO price band?
₹150 to ₹175, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 June 2007, with listing on 9 July 2007.
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.
