Ashoka Metcast Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
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
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)