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Open
7 Aug 2008
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Close
13 Aug 2008
3
Allotment
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Listing
Thu, Sep 4, 2008
Price Band
₹164 to ₹196
Issue Size
72,60,000 shares (agg. up to ₹142 Cr)
Lot Size
34 Shares
Listing Date
Thu, Sep 4, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.06x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Captive Power Plant (CPP) | 30.77 |
| 2 | Setting up of 1,50,000 MTPA of Low Ash Metallurgical Coke (LAM Coke) | 78.12 |
| 3 | To acquire coal mines in India / Internationally and to acquire more prospecting mining licenses and also to start mining in acquired licenses, the cost is estimated of US$ 10 million | 40.00 |
| 4 | Prepayment of High Cost debt | 2.54 |
| 5 | General Corporate Purpose | 44.57 |
About Austral Coke IPO
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 10
Contact Details
Austral Coke & Projects Ltd. AddressDiamond Chambers, 4 Chowringhee LaneBlock No.2, 7th FloorUnit No.-7-IKolkata, West Bengal, 700016+91-33-22521799ipo@australcoke.comVisit Website