IPO Issue Details
Issue Price / Price Band₹103 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size145 Shares per Lot
Total Issue Size4,77,33,659 shares (aggregating up to ₹491.66 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 31 Aug 2015
Subscription CloseWed, 02 Sep 2015
Anchor AllotmentSun, 30 Aug 2015
Basis of AllotmentTue, 08 Sep 2015
Initiation of RefundsWed, 09 Sep 2015
Credit of Shares to DematWed, 09 Sep 2015
Listing DateWed, 16 Sep 2015
UPI Mandate Deadline2015-09-02
Application & Investment Details
Retail — Min (1 Lots)₹14,935 — 145 shares
Retail — Max (13 Lots)₹194,155 (13 Lots)
HNI — Min (14 Lots)₹2,09,090 — 2,030 shares
Pre-IPO Promoter Holding31,09,63,081 shares
Post-IPO Promoter Holding35,22,25,216 shares
Fresh Issue Shares4,12,62,135 shares (aggregating up to ₹425.00 Cr)
Offer for Sale Shares64,71,524 shares of ₹10 (aggregating up to ₹66.66 Cr)
About Sadbhav Infrastructure Project Ltd.
Incorporated in 2007, Sadbhav Infrastructure Project Limited is leading road BOT companies in India that specialises in the development, operation and maintenance of highways, roads and related projects.Sadbhav Infra is involved in the development, operation and maintenance of national and state highways and roads in several states in India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana, Madhya Pradesh and Telangana and border check posts in the state of Maharashtra.Company has ten BOT projects of which six road projects are fully operational, one is the partially operational border check posts and the remaining three projects are in various stages of development. Nine of the ten BOT projects are toll projects.Sadbhav Infra generate revenues primarily from toll collection, service fee and annuity receipts.
Objects of the Issue
Sadbhav Infrastructure Project Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment of rupee loan facility from ICICI Bank Limited
264.84
2
2 Part repayment of unsecured loans from SEL, the corporate Promoter
0.85
3
3 Equity investment and advancing of sub-ordinate debt to the subsidiary, SUTPL,for part financing of the SUTPL Project
82.00
4
4 General corporate purposes
54.12
Shareholding & Lock-in
Pre-IPO Promoter Holding
31,09,63,081 shares
Post-IPO Promoter Holding
35,22,25,216 shares