Corporate

Accounting
CIA-1 (B)
REPORT ON IPO & BOOK BUILDING
OF TWO COMPANIES:
1.IndiaMART LIMITED
2.APEX FROZEN FOODS LIMITED

Submitted To:-
Prof.Vijay Kumar

Submitted By: -
1.Krishna Saraf (19111517)
2.Shejal Tiberwal (19111531)
3.Manan Raka (19111546)
REPORT ON IndiaMART LIMITED OF IPO &
BOOK BUILDING:

ABOUT THE COMPANY:

Incorporated in 1999, IndiaMART Intermesh Limited is an online B2B marketplace to
deal with business products and services. It is an online platform for business buyers
to connect with suppliers of the products and services. As on 31st March 2018, the
company had 4.72 million supplier storefronts with listed 50.13 million products and
59.81 million registered buyers.
The buyers can place business enquiry by visiting suppliers (both small and medium)
online at this marketplace and explore the product and services listing offered by the
suppliers. The company offers product and services across 52 industries and this
marketplace is accessible through desktop and mobile platforms.

Initial Public Offering (IPO):

Promoters:

 Dinesh Chandra Agarwal &

 Brijesh Kumar Agrawal 
Year: 2018

Size of the IPO: 4,887,862 Equity Shares

Listings: NSE & BSE

Objects of the Issue:

 To achieve the benefit of listing the equity shares on the Stock Exchanges and
 For the sale of an aggregate of up to 4,288,801 equity shares by the selling
shareholders.
Face Value per share: ₹10.00

ABOUT THE IPO:

IndiaMart Intermesh, an online marketplace for business products and services, said
Friday it has raised more than Rs 213 crore from 15 anchor investors by allotting
21,95,038 equity shares at a price of Rs 973, the upper band of its IPO that opens
on June 24.
ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill
Capital Advisers LLP are among the 15 anchor investors.

BOOK BUILDING PROCESS:

The company made the offer through book building.
The issue price band was kept at ₹970 to ₹973 Per Equity Share by the underwriters
through initial demand analysis and an offer structure was made.

The Underwriters were:

 ICICI Securities Limited
 Edelweiss Financial Services Limited
 Jefferies India Private limited

The Registrar was Link Intime India Private Limited.

A lot of 15 shares each were made and a maximum of 13 lot for each retail bidder
was set.

IndiaMart IPO Timetable:

Bid/Offer Opens On Jun 24, 2019

Bid/Offer Closes On Jun 26, 2019

Finalisation of Basis of Allotment Jul 1, 2019

Initiation of Refunds Jul 2, 2019

Credit of Shares to Demat Jul 3, 2019
Account

IPO Shares Listing Date Jul 4, 2019

Listing Day Trading Information:

BSE NSE
.
₹973.00 ₹973.00
Issue Price
₹1,180.00 ₹1,180.00
Open
₹1,180.00 ₹1,180.00
Low
₹1,339.00 ₹1,338.00
High
₹1,302.55 ₹1,301.95
Last Trade
689,074 7,561,613
Volume

Key Strength of IndiaMart Limited:

 One of the leading B2B e-Commerce Players in India.
 Expected growth in SME sector to significantly benefit IndiaMART.
 A robust two-way discovery marketplace connecting buyers and suppliers.
 Well-placed to cash in the opportunities in India's wholesale market.

REPORT ON APEX FROZEN FOODS

LIMITED OF IPO & BOOK BUILDING
About the company:
Apex frozen food ltd is one of the integrated producers and
exporter of shelf stable quality aquaculture products. They
supply their ready-to-cook products to a diversified customer
base. They strategically focus on the market of USA, which is the
largest importer of aquaculture products in the world.
They commenced their export business since their inception as a
partnership firm in the year 1995. They have grown at a CAGR of
33.53% over the last four years aided by rising demand for
aquaculture products globally.
The net worth of the apex frozen food is Rs 457 crores.
Promoters:
 Karuturi Satyanarayana Murthy
 Karuturi Subrahmanya Chowdary

YEAR: 2017

SIZE OF THE IPO: 8,700,000 Equity Shares.

LISTINGS: NSE & BSE

Objects of the Issue:

  Setting up a new shrimp processing unit with a proposed capacity of
20,000 MT PA at East Godavari District, Andhra Pradesh.
 General Corporate purposes.

ABOUT THE IPO:

The issue price of the IPO is ₹171 to ₹175 Per Equity Share. The
minimum order quantity is 80 Shares per application and the offer type
is Book Built Issue.
The IPO opened on Aug 22, 2017 and closes on Aug 24, 2017.
The market lot was issued for a minimum of 80 shares to each individual
and a maximum of 1120 shares could be subscribed to each.
Apex Frozen Foods IPO is a main-board IPO of 8,700,000 equity shares of
the face value of ₹10 aggregating up to ₹152.25 Crores.

Apex Frozen Foods IPO Schedule:

 Bid/Offer Opens On: Aug 22, 2017

 Bid/Offer Closes On: Aug 24, 2017
 Finalization of Basis of Allotment: Aug 30, 2017
 Initiation of refunds: Sep 1, 2017
 Credit of Equity Shares: Sep 1, 2017
 Listing Date: Sep 4, 2017

Book Building Process:

The Issue is being made through the Book Building Process, in compliance with
Regulation 26(1) of the SEBI ICDR Regulations,
wherein 50% of the Issue shall be available for allocation on a proportionate
basis to QIB’s (Qualified Institutional Buyers), provided that Company and the
Selling Shareholders in consultation with the BRLM may allocate up to 60% of
the QIB Category to Anchor Investors on a discretionary basis.
5% of the QIB Category (excluding the Anchor Investor Portion) shall be
available for allocation on a proportionate basis to Mutual Funds only, and the
remainder of the QIB Category shall be available for allocation on a
proportionate basis to all QIB Bidders (other than Anchor Investors), including
Mutual Funds, subject to valid Bids being received at or above the Issue Price.
15% of the Issue shall be available for allocation on a proportionate
basis to Non-Institutional Bidders and not less than 35% of the Issue
shall be available for allocation to Retail Individual Bidders in
accordance with the SEBI ICDR Regulations, subject to valid Bids
being received at or above the Issue Price.

The details of the applications received from the issue

from various categories are as follows:
No. of No. of No. of
Sr. Amount Shares
Category Application Equity times
No. (in Rs) Reserved
s Shares Subscribed

Retail
A Individual 207933 24129120 8.306 4221963915.00 2935000
Bidders

Non-
B Institutional 378 9036963 7.259 1531378960.00 1245000
Bidders

Qualifies
Institutional
C Bidders 7 3149600 1.897 551180000.00 1660000
(Excluding
Anchors)

D Employee 195 213840 0.535 37099360.00 400000

Anchor
E 4 2571520 1.033 450016000 2490000
Investors

Total 208522 39101040 4.494 6841638235.00 8700000

ALLOCATION TO RETAIL INDIVIDUAL INVESTORS:

The Basis of Allotments the Retail Individual Investors, which have Bid at
Cut-off Price or at or above the issue Price of Rs 175 per Equity Share.
The total number of shares, allocated in this category is 2984240.

REFERENCE:
 www.chittorgarh.com
 www.nseindia.com
 www.motilaloswal.com
 www.moneycontrol.com
 sugaldamani.com