Simplex Projects IPO
Simplex Projects IPO — date, price band, lot size & details 2007
Simplex Projects listed on 3 Aug 2007 at ₹323.75, 75% above the ₹185 issue price.
Simplex Projects is a Kolkata based construction company that provides engineering, procurement and construction services for civil, structural and infrastructure projects. Its total income was Rs 136.24 crore in FY2007.
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 10 Jul 2007
- Close 13 Jul 2007
- Allotment 26 Jul 2007
- Refund/credit TBA
- Listing 03 Aug 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 13 Jul, 2007 |
|---|---|
| Price Band | ₹170 – ₹185 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹55.51 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 5,550 |
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 ₹185 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹5,550 |
| Retail (max) | 36 | 1,080 | ₹1,99,800 |
| S-HNI (min) | 37 | 1,110 | ₹2,05,350 |
| S-HNI (max) | 180 | 5,400 | ₹9,99,000 |
| B-HNI (min) | 181 | 5,430 | ₹10,04,550 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 71.38 crore in FY2005 to Rs 136.24 crore in FY2007.
- 02Profit after tax rose from Rs 1.83 crore in FY2005 to Rs 10.49 crore in FY2007.
- 03EBITDA rose from Rs 6.23 crore in FY2005 to Rs 19.25 crore in FY2007.
- 04Net worth rose from Rs 9.20 crore in FY2005 to Rs 50.45 crore in FY2007.
- 05Return on net worth was 20.8%.
Risks · 5
- 01Construction needs heavy working capital; Rs 35.54 crore of the issue was for long term working capital.
- 02Interest costs were high, at Rs 6.40 crore in FY2007 against EBITDA of Rs 19.25 crore.
- 03Contract work depends on winning tenders and on clients paying on time; Rs 13.88 crore was for plant and machinery.
- 04Rs 6.00 crore went into a subsidiary for a new multi level car parking business.
- 05Promoters held 100% before the issue and 75% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Simplex Projects offer document.
| Metric | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Total Income | 136.24 | 82.58 | 71.38 |
| Profit After Tax | 10.49 | 3.81 | 1.83 |
| EBITDA | 19.25 | 9.16 | 6.23 |
| NET Worth | 50.45 | 23.29 | 9.20 |
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 Simplex Projects RHP.
Where the money goes
₹61.50 Cr of the issue is earmarked to named objects.
About the company
It is an ISO 9001:2000 certified construction company that provides integrated engineering, procurement and construction services for civil, structural and infrastructure projects, with project sites across India.
Its focus areas include piling and foundations and civil construction such as commercial and residential complexes, mass housing and townships.
The IPO was Rs 55.51 crore and was entirely a fresh issue at Rs 185, the top of the Rs 170 to Rs 185 band. Most of the money was for long term working capital and plant and machinery.
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.
Simplex Projects 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.
Ubs Securities India Private Limited
22 issues handledBest listing: BGR Energy Systems (+75.0%). Weakest: Bharti Infratel (-9.1%).
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 Simplex Projects?
The current Grey Market Premium is ₹0.
What is the Simplex Projects IPO price band?
₹170 to ₹185, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 July 2007, with listing on 3 August 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services 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.
