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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.
The companies promoters are:
1. Ashok M. Katariya
2. Satish D. Parakh
3. Ashish A. Katariya
4. Aditya S. Parakh
| 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 | ||
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.
| 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) |
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 |
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.
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The Ashoka IPO is subscribed 15.94 times on Sep 28, 2010 19:30. The public issue subscribed 3.46 in the retail category, 25.52 in the QIB category, and 13.91 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 25.52 |
| NII | 13.91 |
| RII | 3.46 |
| Employee | 1.21 |
| Total | 15.94 |
| Listing Date | Thursday, October 14, 2010 |
| BSE Script Code | 533271 |
| NSE Symbol | ASHOKA |
| Listing In | B Group of Securities |
| ISIN | INE442H01029 |
| IPO Price | ₹324 per equity share |
| Face Value | ₹10 per equity share |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abl.ipo@intimespectrum.com
Website: http://www.linkintime.co.in
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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.
The Ashoka IPO opens on Sep 24, 2010 and closes on Sep 28, 2010.
Ashoka IPO lot size is 21 Shares and the minimum order quantity is 21 Shares.
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.
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.
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Top Contributor (300+ Posts)
----Target 325 in a week...thats wat i heard from brokers...