IPO Issue Details
Issue Price / Price Band₹410 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size15 Shares per Lot
Total Issue Size1,94,07,750 shares (aggregating up to ₹776.25 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 08 Dec 2010
Subscription CloseFri, 10 Dec 2010
Anchor AllotmentTue, 07 Dec 2010
Basis of AllotmentThu, 16 Dec 2010
Initiation of RefundsFri, 17 Dec 2010
Credit of Shares to DematFri, 17 Dec 2010
Listing DateThu, 23 Dec 2010
UPI Mandate Deadline2010-12-10
Application & Investment Details
Retail — Min (1 Lots)₹6,000 — 15 shares
Retail — Max (13 Lots)₹79,950 (13 Lots)
HNI — Min (34 Lots)₹2,04,000 — 510 shares
Pre-IPO Promoter Holding5,73,01,125 shares
Post-IPO Promoter Holding7,41,77,694 shares
Fresh Issue Shares1,68,76,569 shares (aggregating up to ₹675.01 Cr)
Offer for Sale Shares25,31,181 shares of ₹10 (aggregating up to ₹101.24 Cr)
About A2Z Maintenance & Engineering Services Ltd.
Incorporated in 2002, A2Z Maintenance & Engineering Services Ltd is an engineering, procurement and construction ("EPC") company in India and providing services to the power transmission and distribution sector. They are diversifying this business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.Company is also involved in other businesses that include the following:1. Generating power from renewable energy sources (the "Renewable Energy Generation business");2. Providing municipal solid waste management services (the "MSW business");3. Providing facility management services (the "FMS business"); and4. Developing information technology ("IT") solutions for power utilities (the "Power IT Solutions business").
Objects of the Issue
A2Z Maintenance & Engineering Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab
68.03
2
2 Investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan
120.00
3
3 Investment in subsidiaries;
169.67
4
4 Repayment of a loan granted by L&T Infrastructure Finance Company Limited (“L&T Infrastructure Finance”) to the Company
41.67
5
5 Working capital requirements; and
125.00
6
6 General corporate purposes.
112.82
Shareholding & Lock-in
Pre-IPO Promoter Holding
5,73,01,125 shares
Post-IPO Promoter Holding
7,41,77,694 shares