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.
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.
| Particulars | For the year/period ended (Rs. in Lakhs) | ||||
| 30-Jun-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 22,554.68 | 62,822.52 | 31,541.61 | 13,384.09 | 6,064.13 |
| Profit After Tax (PAT) | 1,890.38 | 5,118.64 | 2,683.57 | 1,055.63 | 332.18 |
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.
| IPO Opening Date | Feb 8, 2010 |
| IPO Closing Date | Feb 11, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹410 to ₹450 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
| Issue Size | 2,288,889 Eq Shares of ₹10 (aggregating up to ₹103.00 Cr) |
The ARSS Infra IPO market lot size is 15 shares. A retail-individual investor can apply for up to 29 lots (435 shares or ₹195,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 15 | ₹6,750 |
| Maximum | 29 | 435 | ₹195,750 |
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
The ARSS Infra IPO is subscribed 47.62x times on Feb 11, 2010 17:00. The public issue subscribed 18.55x in the retail category, 49.34x in the QIB category, and 124.53x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 49.34x |
| NII | 124.53x |
| RII | 18.55x |
| Total | 47.62x |
| Listing Date | Wednesday, March 3, 2010 |
| BSE Script Code | 533163 |
| NSE Symbol | ARSSINFRA |
| Listing In | B |
| ISIN | INE267I01010 |
| IPO Price | ₹450 per equity share |
| Face Value | ₹10 per equity share |
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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
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 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 is priced at ₹410 to ₹450 per equity share. The minimum order quantity is 15 Shares.
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.
The ARSS Infra IPO opens on Feb 8, 2010 and closes on Feb 11, 2010.
ARSS Infra IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.
You can apply in ARSS Infra 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 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.
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