IPO Issue Details
Issue Price / Price Band₹35 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size13,68,000 shares (aggregating up to ₹4.79 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 23 Nov 2017
Subscription CloseMon, 27 Nov 2017
Anchor AllotmentWed, 22 Nov 2017
Basis of AllotmentThu, 30 Nov 2017
Initiation of RefundsFri, 01 Dec 2017
Credit of Shares to DematFri, 01 Dec 2017
Listing DateTue, 05 Dec 2017
UPI Mandate Deadline2017-11-27
Application & Investment Details
Retail — Min (1 Lots)140000 — 4000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)280000 — 8000 shares
Net Offer to Public12,96,000 shares (aggregating up to ₹4.54 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.2520 Cr)
Pre-IPO Promoter Holding37,25,000 shares
Post-IPO Promoter Holding50,93,000 shares
About Felix Industries Ltd
Incorporated in 2012, Felix Industries Ltd is Ahmedabad Gujrat based environmental conservation company with a vision of ‘Recycle-Reuse-Recover-Reduce’. The business segments of the company include Water and Waste Water Recycling, Industrial Piping, Nano Products (Membrane Technologies) and E-waste Recycling. Felix through its water treatment division provides its services to industries such as steel, chemical, pharmaceutical, plastic, paper & pulp, leather, automotive, textile & dyes, food and dairy etc. Felix is a government approved e-waste recycling company with a processing capacity of 6000 MT per year and it also has one of the largest recycling capacities in India. The E-Waste collected from pan India is processed at the company‘s plant located at Electronic Estate, Gandhinagar where activities like e-waste collection, storage, dismantling and segregation takes place. The Go-Green concept of Felix Industries magnifies the basic idea of recycling the industrial effluent and reusing it, which provides maximum recovery and thus reduces the discharge of the waste water.
Objects of the Issue
Felix Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Building &Construction cost
0.92
2
Procurement of Machineries
0.66
3
Furniture and Fixtures
0.36
4
Working capital Requirements
1.98
5
General Corporate Purpose
0.51
Shareholding & Lock-in
Pre-IPO Promoter Holding
37,25,000 shares
Post-IPO Promoter Holding
50,93,000 shares