Autoline Industries Limited are manufacturer of various auto parts, sheet metal components, silencers and exhaust systems for passenger cars, sports utility vehicles, commercial vehicles, two wheelers, three wheelers, tractors, etc.
Autoline major clients include Tata Motors (TELCO), Bajaj Auto, Kinetic, Mahindra & Mahindra and others.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Modernization : Modernization & up gradation of the existing manufacturing facilities at Chakan Unit-I.
2. Expansion :
A. Setting up of a new manufacturing unit at Chakan (Unit-II), Pune
A. For increasing the manufacturing capacities for sub-assemblies and auto components.
B. For contract manufacturing of automobile bodies for heavy vehicles and door assemblies for passenger vehicles.
B. Setting up of a State-of-the Art Commercial Tool Room at the premises of Unit-II at Chakan
C. UAE Joint Venture Operations: To expand the UAE operations including the setting up of a manufacturing facility and make it a strategic location for trade with Gulf and African countries.
D. Expansion of the facilities in the Design Engineering Unit- viz. Autoline Dimensions Software Pvt. Ltd.
3. Relocation/Consolidation : To relocate/consolidate the facilities in the existing units at Kudalwadi and Jadhavwadi to a new location at MIDC, Bhosari.
4. Corporate Office/Marketing Set-up : To set up a Corporate/Marketing Office at the existing premises at T-135 MIDC Bhosari
5. Acquisitions : To enable strategic acquisitions to enhance the existing facilities or to acquire new capabilities in the auto industry
6. Augmentation of long term working capital resources.
7. To meet the expenses of the issue.
| IPO Opening Date | Jan 8, 2007 |
| IPO Closing Date | Jan 12, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹200 to ₹225 per equity share |
| Market Lot | 25 Shares |
| Min Order Quantity | 25 Shares |
| Listing At | BSE, NSE |
| Issue Size | 3,333,333 Eq Shares of ₹10 (aggregating up to ₹75.00 Cr) |
The Autoline IPO market lot size is 25 shares. A retail-individual investor can apply for up to 35 lots (875 shares or ₹196,875).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 25 | ₹5,625 |
| Maximum | 35 | 875 | ₹196,875 |
The Autoline IPO is subscribed 17.36x times on Jan 12, 2007 17:00. The public issue subscribed 12.46x in the retail category, 16.26x in the QIB category, and 32.44x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total | 17.36x |
| Listing Date | Wednesday, January 31, 2007 |
| BSE Script Code | 532797 |
| NSE Symbol | AUTOIND |
| Listing In | B1 |
| ISIN | INE718H01014 |
| IPO Price | ₹225 per equity share |
| Face Value | ₹10 per equity share |
|
|
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Autoline Industries Limited
Autoline Industries Limited,
T-135, MIDC, Bhosari,
Pune 411026 India
Phone: 020 - 30682011 / 12
Email: ipo@autolineind.com
Website: http://www.autolineind.com
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: autolineipo@intimespectrum.com
Website: http://www.linkintime.co.in
Autoline IPO is a main-board IPO of 3,333,333 equity shares of the face value of ₹10 aggregating up to ₹75.00 Crores. The issue is priced at ₹200 to ₹225 per equity share. The minimum order quantity is 25 Shares.
The IPO opens on Jan 8, 2007, and closes on Jan 12, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Autoline IPO opens on Jan 8, 2007 and closes on Jan 12, 2007.
Autoline IPO lot size is 25 Shares and the minimum order quantity is 25 Shares.
You can apply in Autoline 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 Autoline IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Autoline IPO allotment status.
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