IPO Issue Details
Issue Price / Price Band₹52 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size19,50,000 shares (aggregating up to ₹10.14 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 AllotmentSun, 03 Dec 2017
Initiation of RefundsMon, 04 Dec 2017
Credit of Shares to DematMon, 04 Dec 2017
Listing DateTue, 05 Dec 2017
UPI Mandate Deadline2017-11-27
Application & Investment Details
Retail — Min (1 Lots)104000 — 2000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)208000 — 4000 shares
Net Offer to Public18,52,000 shares (aggregating up to ₹9.63 Cr)
Reserved for Market Maker98,000 shares (aggregating up to ₹0.5096 Cr)
Pre-IPO Promoter Holding53,66,720 shares
Post-IPO Promoter Holding73,16,720 shares
About Zodiac Energy Ltd
Incorporated in 1992, Zodiac Energy Limited is Ahmedabad, Gujrat based Energy Solution Provider company. Company provides turnkey solutions from concept to commissioning of power plants. The services provided by the company include design, supply, installation, testing and commissioning (EPC) and operation & maintenance (O&M).Zodiac Energy has installed solar power plants for many prominent clients like Sun-Edison India Limited, Adani Group, Torrent Power Limited, Gujarat Energy development Agency, Reserve Bank of India, Directorate of Lighthouse and Lightships Government of India (GoI), Indian Oil Corporation Limited to name a few. The company has installed more than 6,000 KW of Rooftop solar power plants till now and it envisages to reach at 10,000 KW by end of 2017-18.
Objects of the Issue
Zodiac Energy Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Net Incremental Working Capital Requirement
7.95
2
General Corporate Purpose
1.69
3
Public Issue Expenses
0.5
Shareholding & Lock-in
Pre-IPO Promoter Holding
53,66,720 shares
Post-IPO Promoter Holding
73,16,720 shares