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Ashoka Metcast Limited IPO (Ashoka Metcast IPO) Detail

January 23, 2018 - January 25, 2018

Ashoka Metcast IPO is a fixed price issue of Rs 12.00 crores.

Ashoka Metcast IPO bidding started from January 23, 2018 and ended on January 25, 2018. The shares got listed on BSE SME on February 5, 2018.

Ashoka Metcast IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Aryaman Financial Services Limited is the book running lead manager of the Ashoka Metcast IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Ashoka Metcast IPO RHP for detailed information.

Ashoka Metcast IPO Details

IPO Date January 23, 2018 to January 25, 2018
Listing Date February 5, 2018
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size6,000,000 shares
(aggregating up to ₹12.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion312,000 shares

Ashoka Metcast IPO Reservation

Ashoka Metcast IPO offers 6,312,000 shares. 2,844,000 (45.06%) to NII, 2,844,000 (45.06%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered312,000 (4.94%)
Other Shares Offered2,844,000 (45.06%)
Retail Shares Offered2,844,000 (45.06%)
Other Shares Offered312,000 (4.94%)
Total Shares Offered6,312,000 (100%)

Ashoka Metcast IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

About Ashoka Metcast Limited

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.

Objects of the Issue (Ashoka Metcast IPO Objectives)

The Objects of the Issue is to raise funds for:
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;
2. Repayment of loans;
3. Funding expenditure for General Corporate Purposes.

Ashoka Metcast IPO Review (May apply)

[Dilip Davda]  

Considering fully priced issue, cash surplus risk savvy investors may consider investment for long term. (Other- apply at your own risk).  

Read detail review...


Ashoka Metcast IPO Subscription Status (Bidding Detail)

The Ashoka Metcast IPO is subscribed 1.57 times on January 25, 2018 5:00:00 PM. The public issue subscribed 2.63 times in the retail category, times in the QIB category, and 0.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other0.51
Retail2.63
Total1.57

Ashoka Metcast IPO Prospectus

Ashoka Metcast IPO Rating

48
3.3
Rating:Rated 3.3 stars
Vote Here ...

Ashoka Metcast IPO Listing Details

Listing Date February 5, 2018
BSE Script Code 540923
NSE Symbol ASHOKAMET
ISIN INE760Y01011
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹16.00
₹16.00
₹16.00
₹16.00

Check IPO Performance…

Ashoka Metcast Limited Contact Details

Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali
Ahmedabad
Phone: +91- 79- 2646 3226
Email: info@ashokametcast.in
Website: http://www.ashokametcast.in/

Ashoka Metcast IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Ashoka Metcast IPO - Buy or Not

Ashoka Metcast IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Ashoka Metcast IPO FAQs

Ashoka Metcast IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.

The IPO opens on January 23, 2018, and closes on January 25, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ashoka Metcast IPO opens on January 23, 2018 and closes on January 25, 2018.

Ashoka Metcast IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

You can apply in Ashoka Metcast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Ashoka Metcast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka Metcast IPO allotment status.

The Ashoka Metcast IPO listing date is on February 5, 2018.
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Ashoka Metcast IPO Message Board

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12 Comments

11. Analyst. Ipo |   Link |  Bookmark |February 8, 2018 9:53:49 PM
New low and Low.. 60%gone in 4 days.
10. Hiren Kamlesh Patel |   Link |  Bookmark |February 1, 2018 8:19:38 PM
Anyone ready to buy with subject to? I have 2 lots (12000) shares. Call on 9824846424
10.1. rvr |   Link |  Bookmark |February 5, 2018 4:03:53 PM
No problem.. you can keep it..it is available cheap in markwt
9. IPOBeginner |   Link |  Bookmark |February 5, 2018 8:22:18 AM
Listed @ 16/-
8. Maddycool |   Link |  Bookmark |February 2, 2018 9:59:47 PM
Sir please confirm listing date of ashoka metcast and advice about company I have one lot
7. Maddycool |   Link |  Bookmark |February 2, 2018 9:59:01 PM
Sir please confirm listing date of ashoka metcast and advice about company I have one lot
6. Rajkumar patel |   Link |  Bookmark |January 31, 2018 9:04:50 AM
Allotment kab Ashok metcadt ka? can anyone tell me
5. coolaks |   Link |  Bookmark |January 25, 2018 1:06:50 PM
Hi whai the subcription shoulswe applied?
4. coolaks |   Link |  Bookmark |January 23, 2018 11:56:29 AM
I did not got red herring prospectus Dilip sir can you pls upload it?
Also when is the allotment date and refund date?
3. High Flyer |   Link |  Bookmark |January 22, 2018 5:53:55 PM
Be careful their Group company Guj Natural Resources are in S+0 stage, quoting around Rs 26 and paying dividend around 1% or 2% ...I feel not worth to apply..others can take your own decision with yr study
2. darshan patel sme |   Link |  Bookmark |January 18, 2018 5:22:58 PM
Hello, Guys is this SME IPO worth applying in this downtrend of the Market??

And if yes, how much returns we could expect?
1. ARUN KUMAR SHRIVASTAV |   Link |  Bookmark |January 18, 2018 4:02:48 PM
ANY GREY MARKET PREMIUM