Aanchal Ispat Ltd IPO (Aanchal Ispat IPO) Detail

Nov 24, 2014 - Nov 26, 2014

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.

Objects of the Issue

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.

Aanchal Ispat IPO Details

Aanchal Ispat IPO Date Nov 24, 2014 to Nov 26, 2014
Aanchal Ispat IPO Face Value ₹10 per share
Aanchal Ispat IPO Price ₹20 per share
Aanchal Ispat IPO Lot Size 6000 Shares
Issue Size8,004,000 shares of ₹10
(aggregating up to ₹16.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of the Company are:

Individual Promoter:

1. Mr. Mukesh Goel
2. Mr. Manoj Goel

Corporate Promoters:

3. Pratik Suppliers Private Limited

Aanchal Ispat IPO Lot Size

The Aanchal Ispat IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

Aanchal Ispat IPO Review


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.

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Aanchal Ispat IPO Prospectus

Aanchal Ispat IPO Rating

Rating:Rated 2.5 stars
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Aanchal Ispat IPO Listing Date

Listing Date Wednesday, December 10, 2014
BSE Script Code 538812
NSE Symbol
Listing In MT Group of Securities
ISIN INE322R01014
IPO Price ₹20 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Aanchal Ispat Ltd
J.L. No. 5, National Highway No. 6,
Mouza Chamrail,
Howrah- 711 114, West Bengal
Phone: +91 3212 246 121

Aanchal Ispat IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Aanchal Ispat IPO Review

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Aanchal Ispat IPO FAQs

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 Nov 24, 2014, and closes on Nov 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 Nov 24, 2014 and closes on Nov 26, 2014.

Aanchal Ispat IPO lot size is 6000 Shares and the minimum order quantity is .

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, Edelweiss, 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.

The Aanchal Ispat IPO listing date is on Wednesday, December 10, 2014.
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Aanchal Ispat IPO Message Board

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2. tgar g |   Link |Dec 17, 2014 4:11:55 PM
Sell...Sell...Sell...Sell... costly share....will come down to 12 in next 2 months - My target for Aanchal Ispat is Rs 12 for the short term with a stoploss of Rs 10
1. Priya Jain |   Link |Dec 3, 2014 10:43:24 PM
Is this IPO already listed?