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 DateJan 23, 2018 - Jan 25, 2018
Issue TypeFixed Price Issue IPO
Issue Size6,000,000 Eq Shares of ₹10
(aggregating up to ₹12.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹20 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

Ashoka Metcast IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Ashoka Metcast IPO Subscription Status (Bidding Detail)

Ashoka Metcast IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Jan 25, 2018 17:00




Ashoka Metcast IPO Prospectus

Ashoka Metcast IPO Rating

Rating:Rated 3.3 stars

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Ashoka Metcast IPO Listing Date

Listing DateMonday, February 5, 2018
BSE Script Code540923
NSE Symbol
Listing InM
IPO Price₹20 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

IPO Price
Last Trade

Ashoka Metcast IPO Reviews / Ratings

Company Contact Information

Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali

Phone: +91- 79- 2646 3226

Ashoka Metcast 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

Ashoka Metcast IPO FAQs

  1. 1. What is Ashoka Metcast IPO?

    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 price of the IPO is ₹20 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Ashoka Metcast IPO will open?

    The Ashoka Metcast IPO opens on Jan 23, 2018 and closes on Jan 25, 2018.

  3. 3. How to apply for Ashoka Metcast IPO?

    Ashoka Metcast 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 Ashoka Metcast IPO allotment?

    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.

  5. 5. When is Ashoka Metcast IPO listing date?

    The Ashoka Metcast IPO listing date is on Monday, February 5, 2018, at BSE SME.
  6. 6. What is the lot size of Ashoka Metcast IPO?

    Ashoka Metcast IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

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Ashoka Metcast IPO Review / Comments

Analyst. Ipo
11. Analyst. Ipo  Feb 8, 2018 21:53
New low and Low.. 60%gone in 4 days.
Hiren Kamlesh Patel
10. Hiren Kamlesh Patel  Feb 1, 2018 20:19
Anyone ready to buy with subject to? I have 2 lots (12000) shares. Call on 9824846424
10.1. rvr  Feb 5, 2018 16:03
No problem.. you can keep is available cheap in markwt
9. IPOBeginner  Feb 5, 2018 08:22
Listed @ 16/-
8. Maddycool  Feb 2, 2018 21:59
Sir please confirm listing date of ashoka metcast and advice about company I have one lot
7. Maddycool  Feb 2, 2018 21:59
Sir please confirm listing date of ashoka metcast and advice about company I have one lot
Rajkumar patel
6. Rajkumar patel  Jan 31, 2018 09:04
Allotment kab Ashok metcadt ka? can anyone tell me
5. coolaks  Jan 25, 2018 13:06
Hi whai the subcription shoulswe applied?
4. coolaks  Jan 23, 2018 11:56
I did not got red herring prospectus Dilip sir can you pls upload it?
Also when is the allotment date and refund date?
High Flyer
3. High Flyer  Jan 22, 2018 17:53
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
darshan patel sme
2. darshan patel sme  Jan 18, 2018 17:22
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  Jan 18, 2018 16:02

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