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Ashoka Buildcon Ltd IPO (Ashoka IPO) Detail

September 24, 2010 - September 28, 2010

Ashoka IPO is a book built issue of Rs 225.00 crores.

Ashoka IPO bidding started from September 24, 2010 and ended on September 28, 2010. The shares got listed on BSE, NSE on October 14, 2010.

Ashoka IPO price band is set at ₹297 to ₹324 per share. The minimum lot size for an application is 21 Shares. The minimum amount of investment required by retail investors is ₹6,804.

Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Ashoka IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Ashoka IPO RHP for detailed information.

Ashoka IPO Details

IPO Date September 24, 2010 to September 28, 2010
Listing Date October 14, 2010
Face Value ₹10 per share
Price Band ₹297 to ₹324 per share
Lot Size 21 Shares
Total Issue Size6,944,445 shares
(aggregating up to ₹225.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Ashoka IPO Reservation

Ashoka IPO offers 6,218,940 shares. 3,165,909 (50.91%) to QIB, 753,788 (12.12%) to NII, 2,261,364 (36.36%) to RII, 37,879 (0.61%) to employees. 107,684 RIIs will receive minimum 21 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,165,909 (50.91%)NA
NII (HNI) Shares Offered753,788 (12.12%)
Retail Shares Offered2,261,364 (36.36%)107,684
Employee Shares Offered37,879 (0.61%)NA
Total Shares Offered6,218,940 (100%)

Ashoka IPO Lot Size

Investors can bid for a minimum of 21 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 21 ₹6,804
Retail (Max) 29 609 ₹197,316
Lot Size Calculator

About Ashoka Buildcon Ltd

Incorporated in 1993, Ashoka Buildcon Limited is a Nashik, Maharashtra based construction company involve in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India.

Company is also involve in engineering, designing and maintenance of roads, bridges, electricity substations, commercial buildings and industrial buildings for third parties. Other businesses of the company includes manufacture and sell ready-mix concrete and bitumen and collect tolls on roads and bridges owned and constructed by third parties.

Ashoka Buildcon has 4 business divisions:
1. BOT Division, which operates or have an interest in 21 BOT road projects across India.
2. EPC Division, which is involve in activities like engineering, design, maintenance and repair of infrastructure projects for third parties.
3. RMC and Bitumen Division, which sells ready-mix concrete and bitumen.
4. Toll Collection Contract Division, which collects toll on roads/bridges owned and constructed by third parties.

Company Financials

ParticularsFor the year/period ended (Rs. in Millions)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income7,560.043,419.623,711.611,797.011,396.03
Profit After Tax (PAT)478.03220.49147.3885.89113.46

Objects of the Issue (Ashoka IPO Objectives)

The objects of the issue are:

1. Investment in capital equipment;
2. To meet working capital requirements;
3. Prepayment/ repayment of project loans of the Company;
4. Funding certain Subsidiaries for prepayment/ repayment of their loans;
5. General corporate purposes; and
6. To achieve the benefits of listing our Equity Shares.


Ashoka IPO Subscription Status (Bidding Detail)

The Ashoka IPO is subscribed 15.94 times on September 28, 2010 7:30:00 PM. The public issue subscribed 3.46 times in the retail category, 25.52 times in the QIB category, and 13.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB25.52
NII13.91
Retail3.46
Employee1.21
Total15.94

Ashoka Buildcon Limited IPO Grading / Rating

CRISIL has assigned an IPO Grade 4 to Ashoka Buildcon Limited IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Ashoka Buildcon Limited IPO Tags:

Ashoka Buildcon IPO, Ashoka IPO, Ashoka Buildcon IPO Bidding, Ashoka IPO Allotment Status, Ashoka Buildcon drhp and Ashoka Buildcon Limited IPO listing.

Ashoka IPO Prospectus

Ashoka IPO Rating

263
3.8
Rating:Rated 3.8 stars
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Ashoka IPO Listing Details

Listing Date October 14, 2010
BSE Script Code 533271
NSE Symbol ASHOKA
ISIN INE442H01029
Final Issue Price ₹324 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹324.00
₹333.55
₹312.65
₹362.30
₹333.35
NSE
₹324.00
₹342.00
₹308.10
₹362.70
₹330.75

Check IPO Performance…

Ashoka Buildcon Ltd Contact Details

Ashoka Buildcon Ltd
Ashoka Marg, Vadala, Nashik,
Ashoka Marg, Nashik,
Maharashtra - 422 011
Phone: +91 253 3011705
Email: investors@ashokabuildcon.com
Website: http://www.ashokabuildcon.com/

Ashoka IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: abl.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Ashoka IPO FAQs

Ashoka IPO is a main-board IPO of 6,944,445 equity shares of the face value of ₹10 aggregating up to ₹225.00 Crores. The issue is priced at ₹297 to ₹324 per share. The minimum order quantity is 21 Shares.

The IPO opens on September 24, 2010, and closes on September 28, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Ashoka IPO opens on September 24, 2010 and closes on September 28, 2010.

Ashoka IPO lot size is 21 Shares, and the minimum amount required is ₹6,804.

You can apply in Ashoka 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 IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka IPO allotment status.

The Ashoka IPO listing date is on October 14, 2010.
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Ashoka IPO Message Board

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611 Comments

611. IPO BRAT |   Link |  Bookmark |November 24, 2010 10:53:03 AM
Ashoka Buildcon Limited receives work order worth 6300 million for 6 laning of Belgaum Dharwad stretch of NH-4. This stretch is being developed on BOT basis by Ashoka Belgaum – Dharwad Tollway Pvt. Ltd. for National Highway Authority of India.

----Target 325 in a week...thats wat i heard from brokers...
610. ipodoctor |   Link |  Bookmark |November 17, 2010 2:17:58 PM
though markets corrected quite a lot, Ashoka has not gone below 300.
Volumes clearly show strength. delivery volumes have improved. look at IRB & ITNL. they have corrected but Ashoka is not coming down. Even big investors have not exited, which means they are confident about the company. Low risk stock , I recommend buy
609. IPO BRAT |   Link |  Bookmark |November 7, 2010 9:12:38 PM
Why this stock is not performing....any idea guys...I feel its fundamentaly strong with a huge order book...
608. Bhola |   Link |  Bookmark |October 28, 2010 7:49:02 PM
it has disappointed till now.
607. Anonymous |   Link |  Bookmark |October 25, 2010 4:37:16 PM
Galli galli mein shor hai.. Piramal healthcare kutta hai !!
606. Anonymous |   Link |  Bookmark |October 25, 2010 1:52:43 PM
REFUND NOT RECD
APPLICATION NO 35816863
PADAM KUMAR GUPTA
RS 95256.00
REFUND ORDER NO 105201
SPEED POST NO EM05285201 2 IN , SITE SHOWS ARTICLE NOT YET RECD BY THE POST DEPT.

PLZ HELP
605. Anonymous |   Link |  Bookmark |October 21, 2010 4:26:23 PM
TOLL COLLECTION STARTED ON BHANDARA ROAD CONSTRUCTED AT A COST OF Rs. 535 CRORES. TOLL REVENUES EXPECTED TO RISE BY Rs. 50 CRORES,
604. Ravi, Bangalore |   Link |  Bookmark |October 21, 2010 2:22:30 PM (300+ Posts)
603. Sunita W

Ashoka 320- It is showing signs of improvement. Keep a stop around 303 (or roughly 300) & ACCUMULATE at dips. Any breach of 316 is first sign of weakness.

Once it crosses 331, it could rise to 352-362, 387 or even 412+. Partial profit booking at first & second targets better. Carrying small lots is better for third target.
603. Anonymous |   Link |  Bookmark |October 20, 2010 11:22:55 AM
high debt....low profit margine.....not pure bot player....
sell...inthis 20000 index think whats the sitation if small correction is come.
602. Anonymous |   Link |  Bookmark |October 19, 2010 4:16:15 PM
please sell........otherwise you have no chance to book losses also....very unpredicted movement
601. Gane |   Link |  Bookmark |October 19, 2010 12:28:21 PM (400+ Posts)
What a steeprise after touching very low value yesterday. Now its in green. I hope it will conitnue its trend. Lets see.

Gane.
600. sunita w |   Link |  Bookmark |October 19, 2010 10:05:23 AM
Hi Ravi Bangalore.
Thanks for msg 600. I am looking fwd for your advice.
Could you please undertake study for Techpro and Eros.I had sold these with profit, but friends around are still holding these.
Thanks
599. Anonymous |   Link |  Bookmark |October 18, 2010 8:23:22 PM
Against application number 18418109 refund not received till 20.10.Linkintime r very slow in response.
598. Anonymous |   Link |  Bookmark |October 18, 2010 6:26:08 PM
not much case for ashoka to rise but instead fall more. Reason - Much larger, superior and better peer, ILFS Transportation Network is available much cheaper valuation at 308 odd levels (fallen from high of 367) and it is giving indication of bottoming out.

So, buy better and cheaper company instead of buying still expensive ashoka. For those who bought at ipo / higher price and are still holding - sell it now or it will go the same way as other recent ipo's like ramky, microsec etc.

Sats
597. Anonymous |   Link |  Bookmark |October 18, 2010 1:05:49 PM
for those who have not yet received your refunds in any ipo's should contact the registrars as there may be some problem in filling the form. u'll need to furnish them the correct details to enable them to send the refunds.
596. Ravi, Bangalore |   Link |  Bookmark |October 18, 2010 12:38:06 PM (300+ Posts)
591. sunita w

Kindly bear with me for one week for any meaningful analysis. Data is insufficient to analyse now.
595. Anonymous |   Link |  Bookmark |October 18, 2010 12:08:04 PM
sell...at every dip...sure down....high debt...
594. Anonymous |   Link |  Bookmark |October 18, 2010 8:43:22 AM
Guarantee news company ka ek naya toll at Nagpur starting on Wednesday . Daily income will go up by 15 lac rupees. annual turnover increase by 50 crpres.
NationL highwY 6
Agle mahine Karnataka Leon 6 lane highway ka air ek toll chalu hoyegA
Share at bottom now
593. Anonymous |   Link |  Bookmark |October 16, 2010 4:21:09 PM
SELL...SELL AT ANY PRICE..IT WILL GO UPTO 125.....COME OUT.
592. Anonymous |   Link |  Bookmark |October 15, 2010 1:45:58 PM
Its a gud company all though i have sold my shares arrnd 355 Avg price na slo told other to do so.this is a gud company will giv minimum of 30% profit year to year i like this sector coz gov is planning to invest huge in next 5 years which will be gud for ILFS transportation,Ashoka & IRB which are the main company fr the development of road n also a BOT player.So if u have money invest in ILFS IRB n Ashoka..
my first choice will be ILFS..hold it fr 3 years it will giv u gud return..

Keep rocking