The A2Z Maintenance IPO is a Rs 675.00 crore book-built issue. Bidding for the A2Z Maintenance IPO began on December 8, 2010 and finished on December 10, 2010. On December 23, 2010, the shares were listed on the BSE and NSE. The pricing range for the A2Z Maintenance IPO is $400 to 410 per share. An application requires a minimum lot size of 15 shares. Retail investors must make a minimum investment of $6,150.
A2Z Maintenance & Engineering Services Ltd., founded in 2002, is an engineering, procurement, and construction (“EPC“) firm in India that provides services to the power transmission and distribution sectors. They are expanding this business to supply EPC services to power generation firms as well as companies in other industries such as road and telecommunications.
The company is also involved in other businesses that include the following:
- Generating power from renewable energy sources (the “Renewable Energy Generation business”)
- Providing municipal solid waste management services (the “MSW business”);
- Providing facility management services (the “FMS business”); and
- Developing information technology (“IT”) solutions for power utilities (the “Power IT Solutions business”)
A2Z Maintenance IPO Details
| IPO Date | December 8, 2010 to December 10, 2010 |
| Listing Date | December 23, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹400 to ₹410 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 16,876,569 shares (aggregating up to ₹675.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
A2Z Maintenance IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,150 |
| Retail (Max) | 32 | 480 | ₹196,800 |
A2Z Maintenance IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 7,527,656 (41.38%) | NA |
| NII (HNI) Shares Offered | 3,199,679 (17.59%) | |
| Retail Shares Offered | 7,465,918 (41.04%) | 497,727 |
| Employee Shares Offered | 100,000 (0.55%) | NA |
| Total Shares Offered | 18,193,253 (100%) |
A2Z Maintenance Company Financials
| Particulars (For the year/period ended (in Rs. Millions) | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|---|
| Total Income | 12,252.96 | 7,238.80 | 4,813.47 | 1,812.87 |
| Profit After Tax (PAT) | 985.21 | 590.53 | 498.42 | 111.49 |
Objects of the Issue (A2Z Maintenance IPO Objectives)
The object of the issue is to:
- Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab;
- Investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan;
- Investment in Subsidiaries;
- Repayment of a loan issued to the corporation by L&T Infrastructure Finance corporation Limited (L&T Infrastructure Finance);
- Working capital requirements;
- General corporate purposes.
A2Z Maintenance IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 0.68 |
| NII | 3.12 |
| Retail | 0.33 |
| Employee | 0.32 |
| Total | 0.96 |
A2Z Maintenance IPO Listing Details
| Listing Date | December 23, 2010 |
| BSE Script Code | 533292 |
| NSE Symbol | A2ZINFRA |
| ISIN | INE619I01012 |
| Final Issue Price | ₹400 per share |
A2Z Maintenance Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹390.00 | ₹500.00 |
| Low | ₹318.65 | ₹318.60 |
| High | ₹398.90 | ₹500.00 |
| Last Trade | ₹328.90 | ₹328.55 |
A2Z Maintenance & Engineering Services Ltd Contact Details
A2Z Maintenance & Engineering Services Ltd
O-116, 1st Floor, DLF Shopping Mall,
Arjun Marg DLF Phase-1,
Gurgaon, 122001, Haryana, India
Phone: 91 124 4581 700
Email: [email protected]
Website: http://www.a2zgroup.co.in
A2Z Maintenance IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/mipo/ipoallotment.html
A2Z Maintenance IPO FAQs
Q1. What is the A2Z Maintenance IPO?
Ans. A2Z Maintenance IPO is a main-board IPO of 16,876,569 equity shares of the face value of ₹10 aggregating up to ₹675.00 Crores. The issue is priced at ₹400 to ₹410 per share. The minimum order quantity is 15 Shares. The IPO opens on December 8, 2010, and closes on December 10, 2010. Link Intime India Private Ltd. is the registrar for the IPO. The shares are proposed to be listed on the BSE and NSE.
Q2. When A2Z Maintenance IPO will open?
Ans. The A2Z Maintenance IPO opens on December 8, 2010 and closes on December 10, 2010.
Q3. What is the lot size of A2Z Maintenance IPO?
Ans. A2Z Maintenance IPO lot size is 15 Shares, and the minimum amount required is ₹6,150.
Q4. When is A2Z Maintenance IPO allotment?
Ans. The finalization of Basis of Allotment for A2Z Maintenance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is A2Z Maintenance IPO listing date?
Ans. The A2Z Maintenance IPO listing date is on December 23, 2010.
