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Open
1 Sep 2006
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Close
7 Sep 2006
3
Allotment
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Listing
Tue, Sep 26, 2006
Price Band
₹110 to ₹130
Issue Size
46,00,000 shares (agg. up to ₹60 Cr)
Lot Size
20 Shares
Listing Date
Tue, Sep 26, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 33.46x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Assets | 83.87 | 68.98 | 21.17 |
| Total Income | 56.51 | 200.00 | 106.23 |
| Profit After Tax | 3.95 | 12.93 | 4.38 |
| NET Worth | 43.10 | 39.14 | 9.22 |
| Reserves and Surplus | 31.50 | 27.54 | 8.99 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up a new manufacturing plant for Loaders, higher capacity Tower Cranes and Construction Equipment | 23.40 |
| 2 | Expand/Modernize the existing capacities/facilities | 8.84 |
| 3 | Acquisition / Investments | 7.00 |
| 4 | To set up a Joint Venture with Tigieffe SRL, ITALY | 6.60 |
| 5 | Additional Working capital requirement | 13.77 |
| 6 | Brand Building Exercise | 2.50 |
| 7 | To set up Corporate Office and R & D Centre | 13.67 |
| 8 | Contingencies | 2.29 |
| 9 | To meet the Issue Expenses | 5.23 |
About Action Construction Equipment IPO
ACE, Action Construction Equipment Limited is the leading mobile crane manufacturing company in India.ACE Product Range includes Hydraulic Mobile Pick-n-Move Cranes, Loaders Tower cranes, Aerial Work Platforms, Mast Climbing Platforms / Lifts, Lorry Loaders / Truck Mounted Cranes.ACE has production facilities in Faridabad, which is 45 Kms. from Delhi.+ Read More
Contact Details
Action Construction Equipment Ltd. AddressAction Construction LimitedII Floor, Plot No.7, H-BlockSarita ViharNew Delhi, New Delhi, 110044+91-11-2695-3623finance@ace-cranes.comVisit Website