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Austral Coke & Projects Ltd IPO (Austral IPO) Detail

August 7, 2008 - August 13, 2008

Austral IPO is a book built issue of Rs 142.30 crores.

Austral IPO bidding started from August 7, 2008 and ended on August 13, 2008. The shares got listed on BSE, NSE on September 4, 2008.

Austral IPO price band is set at ₹164 to ₹196 per share. The minimum lot size for an application is 34 Shares. The minimum amount of investment required by retail investors is ₹6,664.

Allahabad Bank and Saffron Capital Advisors Private Limited are the book running lead managers of the Austral IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Austral IPO RHP for detailed information.

Austral IPO Details

IPO Date August 7, 2008 to August 13, 2008
Listing Date September 4, 2008
Face Value ₹10 per share
Price Band ₹164 to ₹196 per share
Lot Size 34 Shares
Total Issue Size7,260,000 shares
(aggregating up to ₹142.30 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue21,769,604
Share holding post issue29,029,604

Austral IPO Lot Size

Investors can bid for a minimum of 34 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 34 ₹6,664
Retail (Max) 30 1020 ₹199,920
Lot Size Calculator

Austral IPO Promoter Holding

Share Holding Pre Issue 87.41%
Share Holding Post Issue 65.56%

About Austral Coke & Projects Ltd

Incorporated in 1994, Austral Coke & Projects Limited is engaged in the manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries.

Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects.

Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.

Company Financials

ParticularsFor the year/period ended (Rs. in Lacs)
  29-Feb-0831-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income27395.0419030.6912811.114321.972031.96
  Profit After Tax (PAT)3517.25914.79202.07127.7430.51

Key Performance Indicator

Objects of the Issue (Austral IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting up of 1,50,000 MTPA of LAM Coke plant;
2. Captive Power plant of 8 MW;
3. Acquire prospecting Mining Licenses in India / internationally;
4. Prepayment of High cost debt;
5. General Corporate Purposes;
6. Expenses related to Fresh Issue.


Austral IPO Subscription Status (Bidding Detail)

The Austral IPO is subscribed 1.65 times on August 13, 2008 5:00:00 PM. The public issue subscribed 0.69 times in the retail category, 0.62 times in the QIB category, and 7.32 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Austral IPO Prospectus

Austral IPO Rating

123
3.6
Rating:Rated 3.6 stars
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Austral IPO Listing Details

Listing Date September 4, 2008
BSE Script Code 533016
NSE Symbol AUSTRAL
ISIN INE455J01019
Final Issue Price ₹196 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹196.00
₹206.00
₹206.00
₹308.80
₹225.20
NSE
₹196.00
₹201.40
₹201.40
₹324.85
₹225.95

Check IPO Performance…

Austral Coke & Projects Ltd Contact Details

Austral Coke & Projects Ltd
Diamond Chambers, 4 Chowringhee Lane,
Block No. 2, 7th Floor,
Unit No.-7-I, Kolkata-700016.
Phone: +91-33-22521799
Email: ipo@australcoke.com
Website: http://www.australcoke.com

Austral IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: austral.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Austral IPO - Buy or Not

Austral IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 1 1
Members 0 0 0

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Austral IPO FAQs

Austral IPO is a main-board IPO of 7,260,000 equity shares of the face value of ₹10 aggregating up to ₹142.30 Crores. The issue is priced at ₹164 to ₹196 per share. The minimum order quantity is 34 Shares.

The IPO opens on August 7, 2008, and closes on August 13, 2008.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Austral IPO opens on August 7, 2008 and closes on August 13, 2008.

Austral IPO lot size is 34 Shares, and the minimum amount required is ₹6,664.

You can apply in Austral 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 Austral IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Austral IPO allotment status.

The Austral IPO listing date is on September 4, 2008.
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Austral IPO Message Board

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104 Comments

104. pravin |   Link |  Bookmark |August 26, 2009 1:51:18 AM
can i buy astral coke @55 level.what next target in 6 month.
103. kunal |   Link |  Bookmark |August 11, 2009 5:05:19 PM
Want is the latest on AUSCOK? what levels do u see in next 6 months...current @ 46....any views pls?
102. pious.k.r |   Link |  Bookmark |November 25, 2008 2:23:02 PM
i have 1500 shares of austral coke for Rs.195.could u please advice what to do.do i need to sell for the high loss or keep it for months,so that it will come up.please advice me
101. PNK |   Link |  Bookmark |September 7, 2008 8:48:17 PM
Be ready for Fireworks in Austral Coke. By all means, it will go up tomorrow.
100. dnyanu |   Link |  Bookmark |September 5, 2008 8:26:07 PM
i recomend only to buy at these level
till next friaday its going to toch 270 level
99. PSB |   Link |  Bookmark |September 5, 2008 8:15:26 PM
Abhishek jain sorry ur views about micrwon is wrong..
98. Abhishek Jain |   Link |  Bookmark |September 5, 2008 6:29:06 PM
hello rohit this is the reply of your question. after seeing the delivery yesterday it was 28 lakhs for nse and bse. out of 72.6 lacs operator has nearly 60 lacs shares. but delivery was only 28 lacs it means operator might still have shares.

let me tell you one thing by my experience. if operator is still there in this counter and hasnt dumped the scrip it will increase in 5-7 trading sessions. if it doesnt increase 50 rs from 200 now fridays price dump without thinking because going by fundamentals the scrip will languish at 100-125. and please dont think of making profit. if it gets near your cost thank god.
97. PNK |   Link |  Bookmark |September 4, 2008 9:16:31 PM
Market will open in negative range tomorrow. Austral Coke may go to 190 - 180 odd levels in day or two. Start accumulating at these levels. It will give good returns very soon.
96. rohit |   Link |  Bookmark |September 4, 2008 8:51:48 PM
Hi abhishek, please tell about austral coke . i have purchased tthese shares @ rs. 265/-. advice me
95. Abhishek Jain |   Link |  Bookmark |September 4, 2008 7:44:19 PM
look guys how i yesterday tell you everything in advance. see what has happened. now let me again tell you guys for your own good, just avoid this scrip for trading or investment. those who still has allotment can sell it tomorrow at or near 240. remember avoid it, for your own good. and also dont subscribe micron as no operator will be there and scrip perse is bad fundamentally.
94. PSB |   Link |  Bookmark |September 4, 2008 7:40:44 PM
good to see, everyone giving comments and helping each othet to grow....thanks to everyone.
93. dnyanu |   Link |  Bookmark |September 4, 2008 6:22:25 PM
austral coke is fundamentally attractive
and company is very active
i suggest to buy it at these level it will give u a sure retun around 30% till end of next week.
Dont sell it .
92. ameeq |   Link |  Bookmark |September 4, 2008 5:29:21 PM
any action will be there tomorrow in Austral coke , today i entered for intraday and i lost 30 k , please any one can tell me will it do any action tomorrow
91. ziangi |   Link |  Bookmark |September 4, 2008 4:18:58 PM
Hearty congratulations Prakash Ji :)
Well done Sir.
90. kan |   Link |  Bookmark |September 4, 2008 1:16:31 PM
What a great listing....
got 102 in IPO...sold 25 at 286, 25 at 280, 25 at 275, 15 at 260 and 12 at 230...
total profit 7.4k

lost around 7.5k in last 3 IPOs, sara hisab barabar ho gaya....great day for me :)))))))
89. Rajasthan Royals |   Link |  Bookmark |September 4, 2008 1:13:39 PM
Prakash Jii Grttttttt Callllll on Austral IPO...

Every body should Congratulate him on his grt prediction.

Keep it up..

Grttttttttttttttttt
88. prakashipo |   Link |  Bookmark |September 4, 2008 12:55:50 PM
AGAIN BULLS EYE HIT THE FIRST RATE IN NSE WAS 280 MIND NOW CLOSING WILL BE BELOW OR AROUND 200 SHORT SELL IF YOU HAVE GUTS ,MKT PRIZE NOW IS 240
87. Abhishek Jain |   Link |  Bookmark |September 3, 2008 8:43:34 PM
LISTEN GUYS LET ME TELL YOU ONE THING ON BASIS OF MY EXPERIENCE; THOSE WHO ARE SAYING 300-500 AFTER RESURGERE LISTING, FORGET IT. STOCK MARKET INSTANCES NEVER REPEAT ITSELF AND THAT TOO WITH IN A WEEK. YES DECENT PROFIT CAN BE EXPECTED.
86. PSB |   Link |  Bookmark |September 3, 2008 8:18:06 PM
Good to read all comments, it should list at around 250 and should go upto 350/- but donot sell them by friday it can be 400
85. prakashipo |   Link |  Bookmark |September 3, 2008 6:00:36 PM
right now due to some offering seller at 230 in kolkata grey mkt