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Incorporated in 2009, Ashoka Metcast Limited is Ahmedabad Gujrat-based company engaged in trading of structural steel products such as Round Bars, Flat Bars etc. Company is proposing to manufacture structural steel products like TMT bars, angles, channels, MS Bars etc.
Ashoka Metcast Limited is part of a diversified business group with business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. Its flagship Group Company - Gujarat Natural Resources Limited is engaged in the business of Oil & Gas exploration and production and currently has participating interests in 6 producing blocks in Cambay basin and is operator in four of these blocks. The company is listed on BSE and has a market capitalisation of around 125 crores.
The promoters of the company are:
1. Mr. Shalin Shah
2. Shalin A. Shah (HUF).
The Objects of the Issue is to raise funds for:
1. Investment in subsidiary company – SGRMPL for funding capital expenditure requirements in relation to revival and modernisation of existing manufacturing facility at Kadi, Gujarat and working capital requirements;
2. Repayment of loans;
3. Funding expenditure for General Corporate Purposes.
| IPO Opening Date | Jan 23, 2018 |
| IPO Closing Date | Jan 25, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 6,000,000 Eq Shares of ₹10 (aggregating up to ₹12.00 Cr) |
The Ashoka Metcast IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120,000 |
| Maximum | 1 | 6000 | ₹120,000 |
Considering fully priced issue, cash surplus risk savvy investors may consider investment for long term. (Other- apply at your own risk).
Read detail review...The Ashoka Metcast IPO is subscribed 1.57 times on Jan 25, 2018 5:00:00 PM. The public issue subscribed 2.63 times in the retail category, times in the QIB category, and 0.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.51 |
| Retail | 2.63 |
| Total | 1.57 |
| Listing Date | Monday, February 5, 2018 |
| BSE Script Code | 540923 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE760Y01011 |
| IPO Price | ₹20 per equity share |
| Face Value | ₹10 per equity share |
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Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali
Ahmedabad
Phone: +91- 79- 2646 3226
Email: info@ashokametcast.in
Website: http://www.ashokametcast.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Ashoka Metcast IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹12.00 Crores. The issue is priced at ₹20 per equity share. The minimum order quantity is 6000 Shares.
The IPO opens on Jan 23, 2018, and closes on Jan 25, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ashoka Metcast IPO opens on Jan 23, 2018 and closes on Jan 25, 2018.
Ashoka Metcast IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
You can apply in Ashoka Metcast 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 Ashoka Metcast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka Metcast IPO allotment status.
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