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Aanchal Ispat Ltd IPO (Aanchal Ispat IPO) Detail

November 24, 2014 - November 26, 2014

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.

Aanchal Ispat IPO Details

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 Size8,004,000 shares
(aggregating up to ₹16.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue12,849,750
Share holding post issue20,853,750
Market Maker portion408,000 shares

Aanchal Ispat IPO Lot Size

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

Aanchal Ispat IPO Promoter Holding

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%

About Aanchal Ispat Ltd

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.

Key Performance Indicator

Objects of the Issue (Aanchal Ispat IPO Objectives)

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 Review (Avoid)

[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...

Aanchal Ispat IPO Prospectus

Aanchal Ispat IPO Rating

Rating:Rated 2.5 stars
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Aanchal Ispat IPO Listing Details

Listing Date December 10, 2014
BSE Script Code 538812
NSE Symbol
ISIN INE322R01014
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Aanchal Ispat Ltd Contact Details

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 - Buy or Not

Aanchal Ispat IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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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 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.

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

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2. tgar g |   Link |  Bookmark |December 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 |  Bookmark |December 3, 2014 10:43:24 PM
Is this IPO already listed?