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Ashoka Metcast IPO is a fixed price issue of Rs 12.00 crores.
Ashoka Metcast IPO bidding started from January 23, 2018 and ended on January 25, 2018. The shares got listed on BSE SME on February 5, 2018.
Ashoka Metcast IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the Ashoka Metcast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Ashoka Metcast IPO RHP for detailed information.
| IPO Date | January 23, 2018 to January 25, 2018 |
| Listing Date | February 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,710,000 |
| Share holding post issue | 10,710,000 |
| Market Maker portion | 312,000 shares |
Ashoka Metcast IPO offers 6,312,000 shares. 2,844,000 (45.06%) to NII, 2,844,000 (45.06%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 312,000 (4.94%) |
| Other Shares Offered | 2,844,000 (45.06%) |
| Retail Shares Offered | 2,844,000 (45.06%) | Other Shares Offered | 312,000 (4.94%) |
| Total Shares Offered | 6,312,000 (100%) |
Investors can bid for a minimum of 6000 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 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2009, Ashoka Metcast Limited is Ahmedabad Gujrat-based company engaged in trading of structural steel products such as Round Bars, Flat Bars etc. Company is proposing to manufacture structural steel products like TMT bars, angles, channels, MS Bars etc.
Ashoka Metcast Limited is part of a diversified business group with business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. Its flagship Group Company - Gujarat Natural Resources Limited is engaged in the business of Oil & Gas exploration and production and currently has participating interests in 6 producing blocks in Cambay basin and is operator in four of these blocks. The company is listed on BSE and has a market capitalisation of around 125 crores.
The Objects of the Issue is to raise funds for:
1. Investment in subsidiary company – SGRMPL for funding capital expenditure requirements in relation to revival and modernisation of existing manufacturing facility at Kadi, Gujarat and working capital requirements;
2. Repayment of loans;
3. Funding expenditure for General Corporate Purposes.
[Dilip Davda]
Considering fully priced issue, cash surplus risk savvy investors may consider investment for long term. (Other- apply at your own risk).
Read detail review...The Ashoka Metcast IPO is subscribed 1.57 times on January 25, 2018 5:00:00 PM. The public issue subscribed 2.63 times in the retail category, times in the QIB category, and 0.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.51 |
| Retail | 2.63 |
| Total | 1.57 |
| Listing Date | February 5, 2018 |
| BSE Script Code | 540923 |
| NSE Symbol | ASHOKAMET |
| ISIN | INE760Y01011 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹16.00 |
| ₹16.00 |
| ₹16.00 |
| ₹16.00 |
Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali
Ahmedabad
Phone: +91- 79- 2646 3226
Email: info@ashokametcast.in
Website: http://www.ashokametcast.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Ashoka Metcast IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on January 23, 2018, and closes on January 25, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ashoka Metcast IPO opens on January 23, 2018 and closes on January 25, 2018.
Ashoka Metcast IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in Ashoka Metcast 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 Ashoka Metcast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka Metcast IPO allotment status.
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