Uttam Sugar Mills IPO
Uttam Sugar Mills IPO — date, price band, lot size & details 2006
Uttam Sugar Mills listed on 10 Apr 2006 at ₹379.7, 11.7% above the ₹340 issue price.
Uttam Sugar Mills is an Uttar Pradesh sugar company of the Adlakha family's Uttam group, which was adding cogeneration power units. Its total income was Rs 165.48 crore in the year to September 2005.
Stock price
Uttam Sugar Mills 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 16 Mar 2006
- Close 21 Mar 2006
- Allotment 01 Apr 2006
- Refund/credit TBA
- Listing 10 Apr 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 21 Mar, 2006 |
|---|---|
| Price Band | ₹290 – ₹340 |
| Face Value | ₹10 |
| Lot Size | 20 Shares |
| Issue Size | ₹136 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,800 |
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 20 shares at the ₹340 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹6,800 |
| Retail (max) | 29 | 580 | ₹1,97,200 |
| S-HNI (min) | 30 | 600 | ₹2,04,000 |
| S-HNI (max) | 147 | 2,940 | ₹9,99,600 |
| B-HNI (min) | 148 | 2,960 | ₹10,06,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 83.67 crore in the year to September 2003 to Rs 165.48 crore in the year to September 2005.
- 02It turned a loss of Rs 3.84 crore into a profit of Rs 4.71 crore in the year to September 2005.
- 03Net worth rose from Rs 18.55 crore in 2003 to Rs 61.05 crore in 2005.
- 04It was adding 20 MW of cogeneration power.
Risks · 5
- 01It made losses of Rs 1.81 crore in the year to September 2003 and Rs 3.84 crore in the year to September 2004.
- 02It had not signed a power purchase agreement for its 20 MW cogeneration units.
- 03It had procedural delays in loan payments to State Bank of India in 2005, though no default.
- 04Sugar and cane prices are set largely by government policy; the Rs 136 crore issue was large next to its net worth.
- 05Promoter group holding fell from 98.56% before the issue to 83.25% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Uttam Sugar Mills offer document.
| Metric | 30 Sep 2005 | 30 Sep 2004 | 30 Sep 2003 |
|---|---|---|---|
| Total Income | 165.48 | 98.62 | 83.67 |
| Profit After Tax | 4.71 | -3.84 | -1.81 |
| NET Worth | 61.05 | 31.38 | 18.55 |
| Reserves and Surplus | 40.86 | 12.20 | 3.00 |
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 Uttam Sugar Mills RHP.
Where the money goes
₹293.05 Cr of the issue is earmarked to named objects.
About the company
It makes and sells sugar, and its sugar year ends on 30 September.
It had bought about 85 acres at village Khaikheri in Muzaffarnagar district and was setting up 20 MW of cogeneration power at village Barkatpur, without a power purchase agreement signed yet.
The IPO was Rs 136 crore and was entirely a fresh issue at Rs 340, the top of the Rs 290 to Rs 340 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.
Uttam Sugar Mills 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.
IDBI Capital Markets & Securities Ltd.
42 issues handledBest listing: Route Mobile (+104.9%). Weakest: Bharat Dynamics (-13.6%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). Weakest: Bannari Amman Spinning Mills (-25.2%).
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 Uttam Sugar Mills?
The current Grey Market Premium is ₹0.
What is the Uttam Sugar Mills IPO price band?
₹290 to ₹340, on a face value of ₹10.
When is the allotment?
The basis of allotment is 1 April 2006, with listing on 10 April 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India 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.
