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Open
23 Jan 2018
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Close
25 Jan 2018
3
Allotment
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Listing
Mon, Feb 5, 2018
Price Band
₹20 per share
Issue Size
60,00,000 shares (agg. up to ₹12 Cr)
Lot Size
6,000 Shares
Listing Date
Mon, Feb 5, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.31x |
Restated Financials (₹ Cr.)
| Period Ended | 15 Nov 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 16.59 | 10.58 | 18.28 | 1.28 |
| Total Income | 6.52 | 0.10 | 0.00 | 0.01 |
| Profit After Tax | 0.05 | 0.01 | 0.00 | 0.01 |
| NET Worth | 9.32 | 0.01 | 0.00 | 0.00 |
| Reserves and Surplus | 4.76 | 0.00 | -0.01 | -0.01 |
| Total Borrowing | 5.05 | 0.10 | 1.28 | |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 7.40 |
| 2 | Repayment of loans | 2.10 |
| 3 | Funding expenditure for General Corporate Purposes | 2.00 |
About Ashoka Metcast IPO
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.+ Read More
Contact Details
Ashoka Metcast Ltd. Address7th Floor, Ashoka Chambers, Opposite HCG HospitalMithakhali Six RoadsMithakhaliAhmedabad, Gujarat, 380006+91- 79- 2646 3226info@ashokametcast.inVisit Website