Suryachakra Power Corp IPO
Suryachakra Power Corp IPO — date, price band, lot size & details 2007
Suryachakra Power Corp listed on 23 Jul 2007 at ₹30, 50% above the ₹20 issue price.
Suryachakra Power Corporation generates power, with a site in South Andaman and a 10 MW biomass power project planned at Madwa in Chhattisgarh. Its return on net worth was 2.71% before its IPO.
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 Jun 2007
- Close 29 Jun 2007
- Allotment TBA
- Refund/credit TBA
- Listing 23 Jul 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 25 to 29 Jun, 2007 |
|---|---|
| Price Band | ₹17 – ₹20 |
| Face Value | ₹10 |
| Lot Size | 300 Shares |
| Issue Size | ₹68 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,000 |
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 300 shares at the ₹20 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 300 | ₹6,000 |
| Retail (max) | 33 | 9,900 | ₹1,98,000 |
| S-HNI (min) | 34 | 10,200 | ₹2,04,000 |
| S-HNI (max) | 166 | 49,800 | ₹9,96,000 |
| B-HNI (min) | 167 | 50,100 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had permission for a 10 MW biomass power project at Madwa.
- 02The whole Rs 68 crore issue was fresh money for its projects.
- 03Biomass power uses farm waste, a renewable fuel, for 1 of its projects.
- 04It had a site office at Bambooflat in South Andaman, 1 of its 2 locations.
Risks · 5
- 01Return on net worth was very low at 2.71%.
- 02Biomass supply and prices can be uncertain for a 10 MW plant.
- 03Power plants depend on tariffs and on payments by state power buyers for its 2 locations.
- 04New projects can be delayed or cost more than planned; the issue was Rs 68 crore.
- 05Promoter holding fell from 78.24% before the issue to 43.53% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Suryachakra Power Corp offer document.
| Metric | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 94.91 | 86.79 | 59.15 | 68.42 |
| Profit After Tax | 1.72 | 1.10 | 1.88 | 0.62 |
| NET Worth | 63.34 | 61.90 | 28.90 | 27.01 |
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 Suryachakra Power Corp RHP.
Where the money goes
₹68.01 Cr of the issue is earmarked to named objects.
About the company
It is a power generation company with a site office at Bambooflat in South Andaman.
It had permission from CREDA to set up a 10 MW biomass based power project at Madwa village in Chhattisgarh.
The IPO was Rs 68 crore and was a fresh issue of 3,40,00,000 shares at Rs 20, the top of the Rs 17 to Rs 20 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.
Suryachakra Power Corp 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.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Srei Capital Markets Ltd
11 issues handledBest listing: Aishwarya Telecom (+43.1%). Weakest: Vikash Metal & Power (-40.0%).
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 Suryachakra Power Corp?
The current Grey Market Premium is ₹0.
What is the Suryachakra Power Corp IPO price band?
₹17 to ₹20, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 23 July 2007.
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.
