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Aanchal Ispat IPO is a fixed price issue of Rs 16.00 crores.
Aanchal Ispat IPO bidding started from November 24, 2014 and ended on November 26, 2014. The shares got listed on BSE SME on December 10, 2014.
Aanchal Ispat 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.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Aanchal Ispat IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Aanchal Ispat IPO RHP for detailed information.
IPO Date | November 24, 2014 to November 26, 2014 |
Listing Date | December 10, 2014 |
Face Value | ₹10 per share |
Price | ₹20 per share |
Lot Size | 6000 Shares |
Total Issue Size | 8,004,000 shares (aggregating up to ₹16.00 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 12,849,750 |
Share holding post issue | 20,853,750 |
Market Maker portion | 408,000 shares |
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 |
The Promoters of the Company are:
Individual Promoter:
1. Mr. Mukesh Goel
2. Mr. Manoj Goel
Corporate Promoters:
3. Pratik Suppliers Private Limited
Share Holding Pre Issue | 100% |
Share Holding Post Issue | 61.61% |
Incorporated in 2012, Aanchal Ispat Ltd (AIL) is engaged in manufacturing of Mild Steel TMT Re-bars, Structural Re-bars, Round and other Sectional products as per orders that are used in infra projects. They are also engaged in the trading of the products like Mild Steel Billets, Cement & Clinker, Charcoal and TMT & Structural Re-Bars. Company launched its products under the brand name "RELICON".
Currently they are having two manufacturing facilities, one for TMT Re-bars and other for Structural Re-bars. We are having an installed capacity of 21000 TPA for TMT Re-bars and 24000 TPA for Structural Re-Bars. AIL intend to convert their semi-automatic Rolling mill to fully automatic Rolling Mill by inter alia replacing Fiber Mill Stand to Roller Bearing Mill Stands.
KPI | Values |
---|---|
RoNW | 3.29% |
The object of the issue are to:
1. Expansion and modernizing by upgradation and automation of TMT Bar manufacturing facilities;
2. Meeting Additional Working Capital Requirements;
3. Meeting Public Issue Expenses.
[Dilip Davda]
Considering the barriers on minimum investment and low preference by major broking community, retail investors can avoid this issue. However risks aver high net-worth individuals may park their surplus funds in this costly bet at their own discretion.
Read detail review...Listing Date | December 10, 2014 |
BSE Script Code | 538812 |
NSE Symbol | |
ISIN | INE322R01014 |
Final Issue Price | ₹20 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹20.00 |
₹22.10 |
₹21.00 |
₹22.90 |
₹21.00 |
Aanchal Ispat Ltd
J.L. No. 5, National Highway No. 6,
Mouza Chamrail,
Howrah-� 711 114, West Bengal
Phone: +91 3212 246 121
Email: ipo@aanchalispat.com
Website: http://www.aanchalispat.com
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Aanchal Ispat IPO is a SME IPO of 8,004,000 equity shares of the face value of ₹10 aggregating up to ₹16.00 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on November 24, 2014, and closes on November 26, 2014.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Aanchal Ispat IPO opens on November 24, 2014 and closes on November 26, 2014.
Aanchal Ispat IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
You can apply in Aanchal Ispat 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 Aanchal Ispat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aanchal Ispat IPO allotment status.
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