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Open
18 Jun 2007
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Close
22 Jun 2007
3
Allotment
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Listing
Tue, Jul 10, 2007
Price Band
₹30 to ₹36
Issue Size
1,19,00,000 shares (agg. up to ₹43 Cr)
Lot Size
190 Shares
Listing Date
Tue, Jul 10, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.29x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The proceeds from the Issue of shares are intended to be deployed for: Sponge Iron Plant, Steel Melting Shop including Induction furnaces & 4 MW AFBC based Captive Concaster, Re-rolling Mill, and 8.5 MW Waste Heat Power Plant Recovery based Captive Power Plant. | 121.98 |
| 2 | To utilise funds for general corporate purposes. The general corporate purpose also includes capital expenses for iron ore and coal mining, the repayment of any unsecured loans raised and internal accrual, if any, for the purpose of the proposed project. | 7.90 |
| 3 | To meet the Public Issue Expenses. | 3.25 |
| Total | 133.13 |
About Ankit Metal IPO
Incorporated in 2002, Ankit Metal & Power Limited (AMPL) is in the business of manufacturing Sponge Iron, M.S. Ingots/Billets and Re-Rolled products. Companies manufacturing plant is in village Chhatna, Jorehira in Bankura District of West Bengal.AMPL’s Sponge Iron unit has started its operation since October, 2005 whereas the operations of the Billet Casting unit has started in January, 2006.It’s re-rolling Mill, WHR based captive power plant and 4 MW AFBC captive power plant are estimated to start their operation from July, 2007.+ Read More
Contact Details
Ankit Metal & Power Ltd. AddressAnkit Metal & Power Limited35, Chittranjan AvenueKolkata, West Bengal, 70001291-33-22119805ipo@ankitmetal.comVisit Website