Ashoka Buildcon Ltd IPO (Ashoka IPO) Detail

Sep 24, 2010 - Sep 28, 2010

Incorporated in 1993, Ashoka Buildcon Limited is a Nashik, Maharashtra based construction company involve in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India.

Company is also involve in engineering, designing and maintenance of roads, bridges, electricity substations, commercial buildings and industrial buildings for third parties. Other businesses of the company includes manufacture and sell ready-mix concrete and bitumen and collect tolls on roads and bridges owned and constructed by third parties.

Ashoka Buildcon has 4 business divisions:
1. BOT Division, which operates or have an interest in 21 BOT road projects across India.
2. EPC Division, which is involve in activities like engineering, design, maintenance and repair of infrastructure projects for third parties.
3. RMC and Bitumen Division, which sells ready-mix concrete and bitumen.
4. Toll Collection Contract Division, which collects toll on roads/bridges owned and constructed by third parties.

Company Promoters:

The companies promoters are:

1. Ashok M. Katariya
2. Satish D. Parakh
3. Ashish A. Katariya
4. Aditya S. Parakh

Company Financials:

Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	7,560.04	3,419.62	3,711.61	1,797.01	1,396.03
Profit After Tax (PAT)	478.03	220.49	147.38	85.89	113.46

Objects of the Issue:

The objects of the issue are:

1. Investment in capital equipment;
2. To meet working capital requirements;
3. Prepayment/ repayment of project loans of the Company;
4. Funding certain Subsidiaries for prepayment/ repayment of their loans;
5. General corporate purposes; and
6. To achieve the benefits of listing our Equity Shares.

Ashoka IPO Details

IPO Opening Date	Sep 24, 2010
IPO Closing Date	Sep 28, 2010
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹297 to ₹324 per equity share
Market Lot	21 Shares
Min Order Quantity	21 Shares
Listing At	BSE, NSE
Issue Size	6,944,445 Eq Shares of ₹10 (aggregating up to ₹225.00 Cr)

Ashoka IPO Lot Size

The Ashoka IPO market lot size is 21 shares. A retail-individual investor can apply for up to 29 lots (609 shares or ₹197,316).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	21	₹6,804
Maximum	29	609	₹197,316

Ashoka Buildcon Limited IPO Grading / Rating

CRISIL has assigned an IPO Grade 4 to Ashoka Buildcon Limited IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

Ashoka Buildcon Limited IPO Tags:

Ashoka Buildcon IPO, Ashoka IPO, Ashoka Buildcon IPO Bidding, Ashoka IPO Allotment Status, Ashoka Buildcon drhp and Ashoka Buildcon Limited IPO listing.

Ashoka IPO Subscription Status (Bidding Detail)

The Ashoka IPO is subscribed 15.94x times on Sep 28, 2010 19:30. The public issue subscribed 3.46x in the retail category, 25.52x in the QIB category, and 13.91x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	25.52x
NII	13.91x
RII	3.46x
Employee	1.21x
Total	15.94x

Ashoka IPO Prospectus

Ashoka IPO Rating

263

3.8

Rating:

Vote Here ...

Ashoka IPO Listing Date

Listing Date	Thursday, October 14, 2010
BSE Script Code	533271
NSE Symbol	ASHOKA
Listing In	B
ISIN	INE442H01029
IPO Price	₹324 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹324.00
₹333.55
₹312.65
₹362.30
₹333.35
8,645,931

NSE
₹324.00
₹342.00
₹308.10
₹362.70
₹330.75
14,586,970

Ashoka IPO Reviews / Ratings

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Company Contact Information

Ashoka Buildcon Ltd
Ashoka Marg, Vadala, Nashik,
Ashoka Marg, Nashik,
Maharashtra - 422 011

Phone: +91 253 3011705
Email: investors@ashokabuildcon.com
Website: http://www.ashokabuildcon.com/

Ashoka IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: abl.ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Ashoka IPO Lead Manager(s)

Lead Manager Reports

Ashoka IPO FAQs

What is Ashoka IPO?

Ashoka IPO is a main-board IPO of 6,944,445 equity shares of the face value of ₹10 aggregating up to ₹225.00 Crores. The issue is priced at ₹297 to ₹324 per equity share. The minimum order quantity is 21 Shares.

The IPO opens on Sep 24, 2010, and closes on Sep 28, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Ashoka IPO will open?

The Ashoka IPO opens on Sep 24, 2010 and closes on Sep 28, 2010.
What is the lot size of Ashoka IPO?

Ashoka IPO lot size is 21 Shares and the minimum order quantity is 21 Shares.
How to apply for Ashoka IPO?

You can apply in Ashoka 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.
When Ashoka IPO allotment?

The finalization of Basis of Allotment for Ashoka IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka IPO allotment status.
When is Ashoka IPO listing date?

The Ashoka IPO listing date is on Thursday, October 14, 2010.

Ashoka IPO Message Board

Ranked Members

611. IPO BRAT |Nov 24, 2010 11:53

Ashoka Buildcon Limited receives work order worth 6300 million for 6 laning of Belgaum Dharwad stretch of NH-4. This stretch is being developed on BOT basis by Ashoka Belgaum – Dharwad Tollway Pvt. Ltd. for National Highway Authority of India.

----Target 325 in a week...thats wat i heard from brokers...

610. ipodoctor |Nov 17, 2010 15:17

though markets corrected quite a lot, Ashoka has not gone below 300.
Volumes clearly show strength. delivery volumes have improved. look at IRB & ITNL. they have corrected but Ashoka is not coming down. Even big investors have not exited, which means they are confident about the company. Low risk stock , I recommend buy

609. IPO BRAT |Nov 7, 2010 22:12

Why this stock is not performing....any idea guys...I feel its fundamentaly strong with a huge order book...

608. Bhola |Oct 28, 2010 20:49

it has disappointed till now.

607. Anonymous |Oct 25, 2010 17:37

Galli galli mein shor hai.. Piramal healthcare kutta hai !!

606. Anonymous |Oct 25, 2010 14:52

REFUND NOT RECD
APPLICATION NO 35816863
PADAM KUMAR GUPTA
RS 95256.00
REFUND ORDER NO 105201
SPEED POST NO EM05285201 2 IN , SITE SHOWS ARTICLE NOT YET RECD BY THE POST DEPT.

PLZ HELP

605. Anonymous |Oct 21, 2010 17:26

TOLL COLLECTION STARTED ON BHANDARA ROAD CONSTRUCTED AT A COST OF Rs. 535 CRORES. TOLL REVENUES EXPECTED TO RISE BY Rs. 50 CRORES,

604. Ravi, Bangalore |Oct 21, 2010 15:22

Top Contributor (300+ Posts)

603. Sunita W

Ashoka 320- It is showing signs of improvement. Keep a stop around 303 (or roughly 300) & ACCUMULATE at dips. Any breach of 316 is first sign of weakness.

Once it crosses 331, it could rise to 352-362, 387 or even 412+. Partial profit booking at first & second targets better. Carrying small lots is better for third target.

603. Anonymous |Oct 20, 2010 12:22

high debt....low profit margine.....not pure bot player....
sell...inthis 20000 index think whats the sitation if small correction is come.

602. Anonymous |Oct 19, 2010 17:16

please sell........otherwise you have no chance to book losses also....very unpredicted movement

601. Gane |Oct 19, 2010 13:28

Top Contributor (400+ Posts)

What a steeprise after touching very low value yesterday. Now its in green. I hope it will conitnue its trend. Lets see.

Gane.

600. sunita w |Oct 19, 2010 11:05

Hi Ravi Bangalore.
Thanks for msg 600. I am looking fwd for your advice.
Could you please undertake study for Techpro and Eros.I had sold these with profit, but friends around are still holding these.
Thanks

599. Anonymous |Oct 18, 2010 21:23

Against application number 18418109 refund not received till 20.10.Linkintime r very slow in response.

598. Anonymous |Oct 18, 2010 19:26

not much case for ashoka to rise but instead fall more. Reason - Much larger, superior and better peer, ILFS Transportation Network is available much cheaper valuation at 308 odd levels (fallen from high of 367) and it is giving indication of bottoming out.

So, buy better and cheaper company instead of buying still expensive ashoka. For those who bought at ipo / higher price and are still holding - sell it now or it will go the same way as other recent ipo's like ramky, microsec etc.

Sats

597. Anonymous |Oct 18, 2010 14:05

for those who have not yet received your refunds in any ipo's should contact the registrars as there may be some problem in filling the form. u'll need to furnish them the correct details to enable them to send the refunds.

596. Ravi, Bangalore |Oct 18, 2010 13:38

Top Contributor (300+ Posts)

591. sunita w

Kindly bear with me for one week for any meaningful analysis. Data is insufficient to analyse now.

595. Anonymous |Oct 18, 2010 13:08

sell...at every dip...sure down....high debt...

594. Anonymous |Oct 18, 2010 09:43

Guarantee news company ka ek naya toll at Nagpur starting on Wednesday . Daily income will go up by 15 lac rupees. annual turnover increase by 50 crpres.
NationL highwY 6
Agle mahine Karnataka Leon 6 lane highway ka air ek toll chalu hoyegA
Share at bottom now

593. Anonymous |Oct 16, 2010 17:21

SELL...SELL AT ANY PRICE..IT WILL GO UPTO 125.....COME OUT.

592. Anonymous |Oct 15, 2010 14:45

Its a gud company all though i have sold my shares arrnd 355 Avg price na slo told other to do so.this is a gud company will giv minimum of 30% profit year to year i like this sector coz gov is planning to invest huge in next 5 years which will be gud for ILFS transportation,Ashoka & IRB which are the main company fr the development of road n also a BOT player.So if u have money invest in ILFS IRB n Ashoka..
my first choice will be ILFS..hold it fr 3 years it will giv u gud return..

Keep rocking

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