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ARSS Infra IPO is a book built issue of Rs 103.00 crores.
ARSS Infra IPO bidding started from February 8, 2010 and ended on February 11, 2010. The shares got listed on BSE, NSE on March 3, 2010.
ARSS Infra IPO price band is set at ₹410 to ₹450 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Idbi Capital Market Services Limited and SBI Capital Markets Limited are the book running lead managers of the ARSS Infra IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to ARSS Infra IPO RHP for detailed information.
| IPO Date | February 8, 2010 to February 11, 2010 |
| Listing Date | March 3, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹410 to ₹450 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 2,288,889 shares (aggregating up to ₹103.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 12,554,000 |
| Share holding post issue | 14,842,888 |
ARSS Infra IPO offers 2,512,195 shares. 1,507,317 (60.00%) to QIB, 251,219 (10.00%) to NII, 753,659 (30.00%) to RII. 50,243 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 450 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,507,317 (60.00%) | NA |
| NII (HNI) Shares Offered | 251,219 (10.00%) | |
| Retail Shares Offered | 753,659 (30.00%) | 50,243 |
| Total Shares Offered | 2,512,195 (100%) |
Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,750 |
| Retail (Max) | 29 | 435 | ₹195,750 |
| Lot Size Calculator | |||
The individual promoters of the Company are:
1. Mr. Subash Agarwal, aged 44 years, is the Chairman and Promoter of the Company.
2. Mr. Rajesh Agarwal, aged 36 years, is the Managing Director and Promoter of the Company.
3. Mr. Sunil Agarwal, aged 33 years, is the President, Chief Executive Officer and a Promoter of the Company.
4. Mr. Anil Agarwal, aged 40 years, is the Senior Vice President, Chief Operating Officer and a Promoter of the Company.
| Share Holding Pre Issue | 65.31% |
| Share Holding Post Issue | 55.24% |
Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS have completed around 200 km rail line and about 300 km of roads and highways.
ARSS Infrastructure has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.
Some of the important projects being currently executed by ARSS on standalone / joint venture basis are as follows:
1. Construction, rehabilitation and widening of Cuttack - Paradeep road, Orissa, for a contract value of Rs. 20,826.77 lacs.
2. Construction of Roadbed including Major and Nior Bridges, Facilities and General Electrification in connection with construction of New BG line between Haridaspur and Paradeep in East Coast Railway in the State of Orissa, for a contract value of Rs. 10,096.66 lacs.
3. JSPL, Angul Project-Work Order for execution of Rail Infrastructure Work of Rs.26,100.00 lacs
4. Construction of new broad gauge line, bridges, earthwork cuttings, road over bridges, road under bridges and sub ways between Salem-Karur, Chennai. The contract value for the project is Rs. 5,139.05 lacs.
5. Construction of Kaushilia Dam and appurtenant works in panchkula district of Rs. 11299.19 lacs.
| Particulars | For the year/period ended (Rs. in Lakhs) | ||||
| 30-Jun-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 22,554.68 | 62,822.52 | 31,541.61 | 13,384.09 | 6,064.13 |
| Profit After Tax (PAT) | 1,890.38 | 5,118.64 | 2,683.57 | 1,055.63 | 332.18 |
| KPI | Values |
|---|---|
| RoNW | 34.47% |
The objects of the Issue are to raise funds for
1. Investment in joint ventures;
2. Funding long term working capital requirement;
3. General corporate purpose;
4. Public issue expenses.
The ARSS Infra IPO is subscribed 47.62 times on February 11, 2010 5:00:00 PM. The public issue subscribed 18.55 times in the retail category, 49.34 times in the QIB category, and 124.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 49.34 |
| NII | 124.53 |
| Retail | 18.55 |
| Total | 47.62 |
CARE has assigned an IPO Grade 2 to ARSS Infrastructure Projects Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for ARSS Infrastructure Projects Ltd
| Listing Date | March 3, 2010 |
| BSE Script Code | 533163 |
| NSE Symbol | ARSSINFRA |
| ISIN | INE267I01010 |
| Final Issue Price | ₹450 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹450.00 |
| ₹640.00 |
| ₹640.00 |
| ₹754.70 |
| ₹736.30 |
| NSE |
|---|
| ₹450.00 |
| ₹630.00 |
| ₹630.00 |
| ₹751.80 |
| ₹737.45 |
ARSS Infrastructure Projects Ltd
Plot No. 38, Sector– A, Zone- D,
Mancheswar Industrial Estate,
Bhubaneswar-751010, Orissa.
Phone: + 91- 674-2588554 / 52
Email: ipo@arssgroup.in
Website: http://www.arssgroup.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
ARSS Infra IPO is a main-board IPO of 2,288,889 equity shares of the face value of ₹10 aggregating up to ₹103.00 Crores. The issue is priced at ₹410 to ₹450 per share. The minimum order quantity is 15 Shares.
The IPO opens on February 8, 2010, and closes on February 11, 2010.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The ARSS Infra IPO opens on February 8, 2010 and closes on February 11, 2010.
ARSS Infra IPO lot size is 15 Shares, and the minimum amount required is ₹6,750.
You can apply in ARSS Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ARSS Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ARSS Infra IPO allotment status.
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