IPO Issue Details
Issue Price / Price Band₹43 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size42,51,000 shares (aggregating up to ₹18.28 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 15 Sep 2017
Subscription CloseTue, 19 Sep 2017
Anchor AllotmentThu, 14 Sep 2017
Basis of AllotmentMon, 25 Sep 2017
Initiation of RefundsTue, 26 Sep 2017
Credit of Shares to DematTue, 26 Sep 2017
Listing DateWed, 27 Sep 2017
UPI Mandate Deadline2017-09-19
Application & Investment Details
Retail — Min (1 Lots)₹1,29,000 — 3,000 shares
Retail — Max (13 Lots)₹1,677,000 (13 Lots)
HNI — Min (2 Lots)₹2,58,000 — 6,000 shares
Net Offer to Public40,32,000 shares (aggregating up to ₹17.34 Cr)
Reserved for Market Maker2,19,000 shares (aggregating up to ₹0.9417 Cr)
Pre-IPO Promoter Holding1,15,00,000 shares
Post-IPO Promoter Holding1,57,51,000 shares
About Worth Peripherals Ltd
Incorporated in 1996, Worth Peripherals Limited engaged in manufactures and sells of corrugated boxes. The company offers regular slotted containers, die cut corrugated boxes/trays, multi-color corrugated boxes and Z sleeve, I/honeycomb partitions. They are ISO 9001:2008 and FSC certified company which serves clients in FMCG sector.Company’s both manufacturing units are located at Pithampur, Dhar, Indore (MP). It has fully automated plant that can have multi colour (up to 6 colours) printing. With growth in the retail, pharma, breweries, textile sectors, opportunity for growth in packaging industries has increased and thus Company aims to tap these markets for further marketing and supply. Indian packaging industry is currently valued at Rs. 85000 crore and is growing at an annual rate of 15 per cent plus. Sector is expected to be triple in next five years.
Objects of the Issue
Worth Peripherals Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Purchase of Plant & Machinery
4.75
2
Repayment/prepayment of all or certain of the borrowings availed of by the Company
3.00
3
Funding working capital requirements of the company
6.10
4
General Corporate Purposes
2.93
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,15,00,000 shares
Post-IPO Promoter Holding
1,57,51,000 shares