Samco securities limited

Ashoka Metcast Limited IPO

Add to Calendar 2018-01-23 12:00 AM 2018-01-25 12:00 AM Asia/Kolkata Ashoka Metcast Limited IPO Ashoka Metcast Limited India

Introduction: Ashoka Metcast Limited (AML) is a part of  flagship Group Company - Gujarat Natural Resources Limited.. This group has diversified business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. AML plans to leverage its networks in the real estate and infrastructure area to expand its presence in structural steel market of Western India. The company is listed on BSE and has a market capitalisation of around 125 crores.

Date of Establishment: Compnay was established in the year 2009 

Product & Service Offering: Company’s product portfolio can be sub divided into two major categories mentioned below

     - Trading: Steel products such as round bar, flat bar etc
     - Manufacturing: Steel products such as TMT bars, MS bars, angles, CTD bars, channels etc

Customer Segment: Customer base comprises majorly of real estate and infrastructure companies

Promoters of Ashoka Metcast Limited (AML)  :  Company is promoted by Shalin Shah and Shalin A. Shah.

Objects of the Issue: The key aim of the issue is to meet the capital expenditure required for its subsidiary company – SGRMPL, paying back existing loans and for funding sundry corporate related expenses

Issue Detail

  • Issue Open: Jan 23, 2018
  • Issue Close: Jan 25, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 20 Per Equity Share
  • Bid Lot:6000 Shares
  • Minimum Order Quantity:6000 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 12.00 Cr

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