Ashoka Metcast Limited IPO

Ashoka Metcast Limited

Issue Open

Jan 23, 2018

Price Band

₹ 20

Issue Size

₹ 12.00 Cr

Credit of Shares to Demat


Issue Close

Jan 25, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Fixed Price Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Feb 05, 2018



About the company:

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


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