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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.
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 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 Size | 8,004,000 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 Corporate Promoters: 3. Pratik Suppliers Private Limited |
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 |
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 | 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 |
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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: http://www.purvashare.com
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.
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