A2Z Maintenance & Engineering Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 9,653,874 (50%) | — | ₹39,581 Cr |
| NII (HNI) | — | 2,896,163 (15%) | — | ₹11,874 Cr |
| Retail | — | 6,757,713 (35%) | — | ₹27,707 Cr |
| Employee | — | 100,000 (1%) | — | ₹41 Cr |
| Σ Total | — | 19,407,750 (100%) | — | ₹795,718 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,150 |
| Retail (Max) | 13 | 195 | ₹79,950 |
| S-HNI (Min) | 14 | 210 | ₹86,100 |
| B-HNI (Min) | 67 | 1,005 | ₹412,050 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 1,225 | 724 | 481 |
| Profit After Tax | 99 | 59 | 50 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab – 68.03
- 2 Investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan – 120.00
- 3 Investment in subsidiaries; – 169.67
- 4 Repayment of a loan granted by L&T Infrastructure Finance Company Limited (“L&T Infrastructure Finance”) to the Company – 41.67
- 5 Working capital requirements; and – 125.00
- 6 General corporate purposes. – 112.82
Company Overview
Incorporated in 2002, A2Z Maintenance & Engineering Services Ltd is an engineering, procurement and construction ("EPC") company in India and providing services to the power transmission and distribution sector. They are diversifying this business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.
Company is also involved in other businesses that include the following:
1. Generating power from renewable energy sources (the "Renewable Energy Generation business");
2. Providing municipal solid waste management services (the "MSW business");
3. Providing facility management services (the "FMS business"); and
4. Developing information technology ("IT") solutions for power utilities (the "Power IT Solutions business").