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Ashoka Metcast Limited IPO (Ashoka Metcast IPO) Detail

Jan 23, 2018 - Jan 25, 2018

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.

Company Promoters:

The promoters of the company are:
1. Mr. Shalin Shah
2. Shalin A. Shah (HUF).

Objects of the Issue:

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.

Ashoka Metcast IPO Details

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 Size6,000,000 Eq Shares of ₹10
(aggregating up to ₹12.00 Cr)

Ashoka Metcast IPO Lot Size

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

Ashoka Metcast IPO Review

Considering fully priced issue, cash surplus risk savvy investors may consider investment for long term. (Other- apply at your own risk).  

Read detail review...

Ashoka Metcast IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII0.51
Retail2.63
Total1.57

Ashoka Metcast IPO Prospectus

Ashoka Metcast IPO Rating

48
3.3
Rating:Rated 3.3 stars
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Ashoka Metcast IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹16.00
₹16.00
₹16.00
₹16.00

Company Contact Information

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/

Ashoka Metcast IPO Registrar

Bigshare Services Pvt Ltd

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

Ashoka Metcast IPO Reviews / Ratings

Ashoka Metcast IPO FAQs

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.

The Ashoka Metcast IPO listing date is on Monday, February 5, 2018.

Ashoka Metcast IPO Message Board

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12 Comments

11. Analyst. Ipo |   Link |Feb 8, 2018 10:53:49 PM
New low and Low.. 60%gone in 4 days.
10. Hiren Kamlesh Patel |   Link |Feb 1, 2018 9:19:38 PM
Anyone ready to buy with subject to? I have 2 lots (12000) shares. Call on 9824846424
10.1. rvr |   Link |Feb 5, 2018 5:03:53 PM
No problem.. you can keep it..it is available cheap in markwt
9. IPOBeginner |   Link |Feb 5, 2018 9:22:18 AM
Listed @ 16/-
8. Maddycool |   Link |Feb 2, 2018 10:59:47 PM
Sir please confirm listing date of ashoka metcast and advice about company I have one lot
7. Maddycool |   Link |Feb 2, 2018 10:59:01 PM
Sir please confirm listing date of ashoka metcast and advice about company I have one lot
6. Rajkumar patel |   Link |Jan 31, 2018 10:04:50 AM
Allotment kab Ashok metcadt ka? can anyone tell me
5. coolaks |   Link |Jan 25, 2018 2:06:50 PM
Hi whai the subcription shoulswe applied?
4. coolaks |   Link |Jan 23, 2018 12:56:29 PM
I did not got red herring prospectus Dilip sir can you pls upload it?
Also when is the allotment date and refund date?
3. High Flyer |   Link |Jan 22, 2018 6:53:55 PM
Be careful their Group company Guj Natural Resources are in S+0 stage, quoting around Rs 26 and paying dividend around 1% or 2% ...I feel not worth to apply..others can take your own decision with yr study
2. darshan patel sme |   Link |Jan 18, 2018 6:22:58 PM
Hello, Guys is this SME IPO worth applying in this downtrend of the Market??

And if yes, how much returns we could expect?
1. ARUN KUMAR SHRIVASTAV |   Link |Jan 18, 2018 5:02:48 PM
ANY GREY MARKET PREMIUM