Sunday, April 4, 2010

IL&FS Transportation IPO - Analysis,Subscription,Allotment,Listing

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IL&FS Transportation Networks Limited is an established ISO 9000:2001 surface transportation infrastructure company, and one of the largest private sector BOT road operators in India. ITNL will raise upto Rs 700 crore through its IPO, which will open on March 11 and will close on March 15. The price band is at Rs 242-258. At the upper end of the price band there will be a dilution of 11.65% and at the lower end 12.57%.

The book running lead managers to the issue are Enam Securities, Nomura Financial Advisory and Securities and JM Financial. The co-BRLMs to the issue are SBI Capital Markets and Avendus Capital. The shares will be listed on both the BSE and the NSE.

The IPO got a decent response from investors and got subscribed 33 times. At the close of the IPO,
QII segment got subscribed by 52.6 times
NII segment got subscribed by 39.39 times
Retail segment got subscribed by 4.56 times

Click here to check if you have been alloted ILTN shares!

ILTN IPO got a decent listing. Against the issue price of Rs. 258, the IPO opened at Rs. 266 on NSE which was the low of the day. It went to a high of Rs. 299 and finally closed the day at Rs. 274.65, a premium of over 3%.
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