ARSS Infrastructure Projects Ltd IPO (ARSS Infra IPO) Detail

Feb 8, 2010 - Feb 11, 2010

Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS have completed around 200 km rail line and about 300 km of roads and highways.

ARSS Infrastructure has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.

Some of the important projects being currently executed by ARSS on standalone / joint venture basis are as follows:

1. Construction, rehabilitation and widening of Cuttack - Paradeep road, Orissa, for a contract value of Rs. 20,826.77 lacs.
2. Construction of Roadbed including Major and Nior Bridges, Facilities and General Electrification in connection with construction of New BG line between Haridaspur and Paradeep in East Coast Railway in the State of Orissa, for a contract value of Rs. 10,096.66 lacs.
3. JSPL, Angul Project-Work Order for execution of Rail Infrastructure Work of Rs.26,100.00 lacs
4. Construction of new broad gauge line, bridges, earthwork cuttings, road over bridges, road under bridges and sub ways between Salem-Karur, Chennai. The contract value for the project is Rs. 5,139.05 lacs.
5. Construction of Kaushilia Dam and appurtenant works in panchkula district of Rs. 11299.19 lacs.

Company Promoters:

The individual promoters of the Company are:

1. Mr. Subash Agarwal, aged 44 years, is the Chairman and Promoter of the Company.
2. Mr. Rajesh Agarwal, aged 36 years, is the Managing Director and Promoter of the Company.
3. Mr. Sunil Agarwal, aged 33 years, is the President, Chief Executive Officer and a Promoter of the Company.
4. Mr. Anil Agarwal, aged 40 years, is the Senior Vice President, Chief Operating Officer and a Promoter of the Company.

Company Financials:

ParticularsFor the year/period ended (Rs. in Lakhs)
30-Jun-0931-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income22,554.6862,822.5231,541.6113,384.096,064.13
Profit After Tax (PAT)1,890.38 5,118.642,683.571,055.63332.18

Objects of the Issue:

The objects of the Issue are to raise funds for

1. Investment in joint ventures;
2. Funding long term working capital requirement;
3. General corporate purpose;
4. Public issue expenses.

ARSS Infra IPO Details

IPO DateFeb 8, 2010 - Feb 11, 2010
Issue TypeBook Built Issue IPO
Issue Size2,288,889 Eq Shares of ₹10
(aggregating up to ₹103.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹410 to ₹450 Per Equity Share
Market Lot15 Shares
Min Order Quantity15 Shares
Listing AtBSE, NSE

ARSS Infra IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum115₹6,750
Maximum29435₹195,750

ARSS Infrastructure Projects Ltd IPO Grading / Rating

CARE has assigned an IPO Grade 2 to ARSS Infrastructure Projects Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for ARSS Infrastructure Projects Ltd

Check IPO Ratings from other stock analysts.

ARSS Infra IPO Subscription Status (Bidding Detail)

ARSS Infra IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

1,507,317

251,219

753,659

2,512,195

Feb 11, 2010 17:00

49.34x

124.53x

18.55x

47.62x

ARSS Infra IPO Prospectus

ARSS Infra IPO Rating

201
3.9
Rating:Rated 3.9 stars

Vote Here ...

ARSS Infra IPO Listing Date

Listing DateWednesday, March 3, 2010
BSE Script Code533163
NSE SymbolARSSINFRA
Listing InB
ISININE267I01010
IPO Price₹450 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹450.00
₹640.00
₹640.00
₹754.70
₹736.30
11,514,084
NSE
₹450.00
₹630.00
₹630.00
₹751.80
₹737.45
15,759,450

ARSS Infra IPO Reviews / Ratings

  • Hem Securities - Subscribe

Company Contact Information

ARSS Infrastructure Projects Ltd
Plot No. 38, Sector– A, Zone- D,
Mancheswar Industrial Estate,
Bhubaneswar-751010, Orissa.

Phone: + 91- 674-2588554 / 52
Email: ipo@arssgroup.in
Website: http://www.arssgroup.in

ARSS Infra IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

ARSS Infra IPO FAQs

  1. 1. What is ARSS Infra IPO?

    ARSS Infra IPO is a main-board IPO of 2,288,889 equity shares of the face value of ₹10 aggregating up to ₹103.00 Crores.

    The issue price of the IPO is ₹410 to ₹450 Per Equity Share. The minimum order quantity is 15 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Feb 8, 2010 and closes on Feb 11, 2010.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When ARSS Infra IPO will open?

    The ARSS Infra IPO opens on Feb 8, 2010 and closes on Feb 11, 2010.

  3. 3. How to apply for ARSS Infra IPO?

    ARSS Infra IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When ARSS Infra IPO allotment?

    The finalization of Basis of Allotment for ARSS Infra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ARSS Infra IPO allotment status.

  5. 5. When is ARSS Infra IPO listing date?

    The ARSS Infra IPO listing date is on Wednesday, March 3, 2010, at BSE, NSE.
  6. 6. What is the lot size of ARSS Infra IPO?

    ARSS Infra IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

ARSS Infra IPO Review / Comments

Jaypal
506. Jaypal  Apr 1, 2010 18:42
RAMA, yah mara papad walay ko,today i have sold my 500 shares at the rate of 1000, bought at 743,net profit rs.125000, suna hi tumhary very strong Nhpc, NTPC shares tumhari chaddhi tak utaar chukay hi, kooday aur heray ke park karna sekho.
Saint
505. Saint  Mar 24, 2010 11:30
Hi Gem IPO Finder

Any predictions about Texmo Pipes. Can we enter again as it has fallen from ~160 to 110...around 60% fall in few days ? will it go up again ? What is your thoughts on this ?
gemm ipoo  finderr
504. gemm ipoo finderr  Mar 17, 2010 15:24
Please dont buy based on my recommendation. I just speculate and write something... Sometimes it becomes correct.. that is all!!!!!!
gem ipo finder
503. gem ipo finder  Mar 17, 2010 15:13
arss's whole gmp at listing time rose today
my target of 1000 in arss now stand achieved
similarly man 390 for this week and 400++ in coming days stays for now
IMRAN
502. IMRAN  Mar 14, 2010 10:43
gem ipo finder Congr8's to addive invester & accived tgt good luck for NEXT IPO
IMRAN
501. IMRAN  Mar 14, 2010 10:40
Hi friends Exit 15 shares @ 798 abhi kuch din koi mov aane ka chance nahi lagraha aur market mein bhi koi khash movmeant nahi hai kuch new IPO mein applay karte hai aur Profit booking stock market mein jaruri hai
Rama
500. Rama  Mar 5, 2010 14:26
EXIT ARSS counter completely.
MEHUL SHAH
499. MEHUL SHAH  Mar 4, 2010 18:59
Rocking on Day 2 also. Sold 15 @820/- Today.
Still holding 15.
IPO BULL
498. IPO BULL  Mar 4, 2010 14:43
NEHA WHERE ARE YOU I HAVE SAID THAT THIS SHARE IS BEING ACCUMULATED BY SOME LARGE FII AND QIB AND THEY WILL JACK UP THE PRICE TO UNKNOWN TERRITORY
biren
497. biren  Mar 4, 2010 14:37
Congrates Ravi Banglore!

Your tgt 822 is achieved.

biren
496. biren  Mar 4, 2010 14:26
where is it toWords!

Neha You?
Prince You?
Gem IPo finder You?
Any one ?
J.K
495. J.K  Mar 4, 2010 13:46
Our 800 target just achevied, all folish persons who pridect arss 500 or 550 or veak co. Ka muh kala hogaya, arss udesa ke star co. Hi eps 100 hi.
Rama
494. Rama  Mar 4, 2010 12:53
Get out of A(R)SS stock. It is only speculative issue.
Remember what happened to sel manufacturing, resurgere mines, pyramid saimira, austral coke, alkali metals, emmbi etc....
ARSS will be one more addition to this list after six months!!!!!!
Investors be CAREFUL.
CA NITIN
493. CA NITIN  Mar 4, 2010 10:46
Advised all
to get out of this IPO
now very speculative, going donw

neha
492. neha  Mar 4, 2010 08:41
all are giving congrulation to shreedhar and GEM IPO FINDER, but i would like to add one more mame in it

it is

mr. s.p.tulsiam !!!!!!!

he was right in predicting ARSS(thank god he is right atleaset in 1 IPO out of 10)
Kiran
491. Kiran  Mar 4, 2010 08:23
I was also unlucky to get the allotment
So I have purchased yesterday @ 675
GEM IPO FINDER/SREEDHAR,
Please advice if it can cross 800/850 in next few days
I plan to keep very small quantity for long term
Will book profit as per your directions
Pls guide
vipin goyal
490. vipin goyal  Mar 3, 2010 22:15
Thanks n best wishes to GEM IPO FINDER n SREEDHAR in predicting ARSS.although i was not alloted any share but i could make rs 1700 through daytrading only bcoz of ur assessment n prediction. Thanks a lot.............
GEM IPO FINDER
489. GEM IPO FINDER  Mar 3, 2010 20:48
THANX
JATIN
TOSHNIWAL
toshniwal
488. toshniwal  Mar 3, 2010 20:28
Congrats GEM IPO
What a perfect pridection u have made.
Share touching 750+ was remarkable guess.
How Man Infra will behave so that we can earn better.
Plz don't forget to advise regd. Man Infra
sridhar
487. sridhar  Mar 3, 2010 20:18
Thanx Gem for ur valueble coments on Arss,

& for IPO Bull too.........................

Bye see u next for DQ Ent






Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App