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Ashoka IPO is a book built issue of Rs 225.00 crores.
Ashoka IPO bidding started from September 24, 2010 and ended on September 28, 2010. The shares got listed on BSE, NSE on October 14, 2010.
Ashoka IPO price band is set at ₹297 to ₹324 per share. The minimum lot size for an application is 21 Shares. The minimum amount of investment required by retail investors is ₹6,804.
Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Ashoka IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Ashoka IPO RHP for detailed information.
| IPO Date | September 24, 2010 to September 28, 2010 |
| Listing Date | October 14, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹297 to ₹324 per share |
| Lot Size | 21 Shares |
| Total Issue Size | 6,944,445 shares (aggregating up to ₹225.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 45,691,702 |
| Share holding post issue | 52,636,146 |
Ashoka IPO offers 6,218,940 shares. 3,165,909 (50.91%) to QIB, 753,788 (12.12%) to NII, 2,261,364 (36.36%) to RII, 37,879 (0.61%) to employees. 107,684 RIIs will receive minimum 21 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,165,909 (50.91%) | NA |
| NII (HNI) Shares Offered | 753,788 (12.12%) | |
| Retail Shares Offered | 2,261,364 (36.36%) | 107,684 |
| Employee Shares Offered | 37,879 (0.61%) | NA |
| Total Shares Offered | 6,218,940 (100%) |
Investors can bid for a minimum of 21 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 | 21 | ₹6,804 |
| Retail (Max) | 29 | 609 | ₹197,316 |
| Lot Size Calculator | |||
The companies promoters are:
1. Ashok M. Katariya
2. Satish D. Parakh
3. Ashish A. Katariya
4. Aditya S. Parakh
| Share Holding Pre Issue | 84.38% |
| Share Holding Post Issue | 73.25% |
Incorporated in 1993, Ashoka Buildcon Limited is a Nashik, Maharashtra based construction company involve in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India.
Company is also involve in engineering, designing and maintenance of roads, bridges, electricity substations, commercial buildings and industrial buildings for third parties. Other businesses of the company includes manufacture and sell ready-mix concrete and bitumen and collect tolls on roads and bridges owned and constructed by third parties.
Ashoka Buildcon has 4 business divisions:
1. BOT Division, which operates or have an interest in 21 BOT road projects across India.
2. EPC Division, which is involve in activities like engineering, design, maintenance and repair of infrastructure projects for third parties.
3. RMC and Bitumen Division, which sells ready-mix concrete and bitumen.
4. Toll Collection Contract Division, which collects toll on roads/bridges owned and constructed by third parties.
| Particulars | For the year/period ended (Rs. in Millions) | ||||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |||
| Total Income | 7,560.04 | 3,419.62 | 3,711.61 | 1,797.01 | 1,396.03 | ||
| Profit After Tax (PAT) | 478.03 | 220.49 | 147.38 | 85.89 | 113.46 | ||
| KPI | Values |
|---|---|
| ROE | 21.3% |
| ROCE | 10.9% |
| RoNW | 17.38% |
The objects of the issue are:
1. Investment in capital equipment;
2. To meet working capital requirements;
3. Prepayment/ repayment of project loans of the Company;
4. Funding certain Subsidiaries for prepayment/ repayment of their loans;
5. General corporate purposes; and
6. To achieve the benefits of listing our Equity Shares.
The Ashoka IPO is subscribed 15.94 times on September 28, 2010 7:30:00 PM. The public issue subscribed 3.46 times in the retail category, 25.52 times in the QIB category, and 13.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 25.52 |
| NII | 13.91 |
| Retail | 3.46 |
| Employee | 1.21 |
| Total | 15.94 |
CRISIL has assigned an IPO Grade 4 to Ashoka Buildcon Limited IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Ashoka Buildcon IPO, Ashoka IPO, Ashoka Buildcon IPO Bidding, Ashoka IPO Allotment Status, Ashoka Buildcon drhp and Ashoka Buildcon Limited IPO listing.
| Listing Date | October 14, 2010 |
| BSE Script Code | 533271 |
| NSE Symbol | ASHOKA |
| ISIN | INE442H01029 |
| Final Issue Price | ₹324 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹324.00 |
| ₹333.55 |
| ₹312.65 |
| ₹362.30 |
| ₹333.35 |
| NSE |
|---|
| ₹324.00 |
| ₹342.00 |
| ₹308.10 |
| ₹362.70 |
| ₹330.75 |
Ashoka Buildcon Ltd
Ashoka Marg, Vadala, Nashik,
Ashoka Marg, Nashik,
Maharashtra - 422 011
Phone: +91 253 3011705
Email: investors@ashokabuildcon.com
Website: http://www.ashokabuildcon.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abl.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Ashoka IPO is a main-board IPO of 6,944,445 equity shares of the face value of ₹10 aggregating up to ₹225.00 Crores. The issue is priced at ₹297 to ₹324 per share. The minimum order quantity is 21 Shares.
The IPO opens on September 24, 2010, and closes on September 28, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Ashoka IPO opens on September 24, 2010 and closes on September 28, 2010.
Ashoka IPO lot size is 21 Shares, and the minimum amount required is ₹6,804.
You can apply in Ashoka 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 IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka IPO allotment status.
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RHP
----Target 325 in a week...thats wat i heard from brokers...