Incorporated in 1992, ASL Industries Ltd is engaged in the business of manufacturing of forged products and press shop for Sheet Metal, Light & Medium Fabrication, Forging and Machined Components, specializing in Assemblies & Sub-Asemblie. Their products have varied applications and are used in various industries like railway, defense and automobile.
ASL's existing unit has a machine shop for the rough & finish machining of components, heat treatment facilities, in-house die making facilities, CNC & VMC horizontal and vertical centres, light, medium & heavy fabrication, assembly and sheet metal press shop. They provide metal forming to assembly under one roof along with logistics and just-in-time solutions. They manufactures both standardized as well as customized products as per customer demand and requirement.
They are OEMs to many Automobiles Companies like Tata Motors Ltd, York Transport Equipment India Ltd â€“ Pune, Jost India Auto component Pvt Ltd etc and Other Engineering Companies like Tata Steel, and also registered with ICF, DGS&D and DGOS.
The promoters of the company are:
1. Mr. Dilip Kumar Goyal
2. Ms. Jayshree Goyal
3. Mr. Ankit Goyal and
4. Mr. Akshay Goyal
The object of the issue are to:
1. Funding working capital requirements of the Company;
2. General Corporate Expenses;
3. Issue Expenses
»» Issue Open: Mar 31, 2017 - Apr 7, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,800,000 Equity Shares of Rs 10 aggregating up to Rs 9.80 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 35 Per Equity Share
»» Market Lot: 4000 Shares
»» Minimum Order Quantity: 4000 Shares
»» Listing At: NSE SME
ASL Industries IPO Subscription Status tells if ASL Industries IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. ASL Industries IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 31, 2017 17:00 IST||0||0||20,000||20,000|
|Day 2 - Apr 3, 2017 17:00 IST||0||32,000||96,000||128,000|
|Day 3 - Apr 5, 2017 17:00 IST||0||116,000||788,000||904,000|
|Day 4 - Apr 6, 2017 17:00 IST||0||948,000||1,456,000||2,404,000|
|Day 5 - Apr 7, 2017 17:00 IST||0||2,676,000||4,220,000||6,896,000|
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