Nelcast Limited IPO (Nelcast IPO) Detail

Jun 4, 2007 - Jun 8, 2007

Incorporated in 1982, Nelcast Limited is in the business of Iron Castings. A TS 16949 accredited organization, Nelcast is one of the largest manufacturers of Spheroidal Graphite (SG) Iron Castings in India.

Nelcast's factories are located at Gudur, Andhra Pradesh and Ponneri, Tamilnadu. Ponneri factory specifically manufactures Grey Iron and Ductile Iron castings.

Nelcast manufactures around 200 different castings in SG and Grey Iron. Cylinder Blocks, Flywheels, Flywheel Housings, Housings, Hubs, Spring Shackle, Brackets, Transmission Case, Axle Housings, Exhaust Manifolds etc. are some of the items that find application in the commercial vehicle and in the Tractor segments. Nelcast is a major supplier of auto components castings to Automobile and Tractor industry majors like TATA Motors, Ashok Leyland, Tafe, Mahindra & Mahindra, TATA Cummins etc.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To finance the expansion and modernisation of the production facilities at both the units of the Company and
2. To meet the incremental working capital requirement of the Company.

Nelcast IPO Details

IPO Opening Date	Jun 4, 2007
IPO Closing Date	Jun 8, 2007
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹195 to ₹219 per equity share
Market Lot	30 Shares
Min Order Quantity	30 Shares
Listing At	BSE, NSE
Issue Size	4,350,000 Eq Shares of ₹10 (aggregating up to ₹95.27 Cr)

Nelcast IPO Lot Size

The Nelcast IPO market lot size is 30 shares. A retail-individual investor can apply for up to 30 lots (900 shares or ₹197,100).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	30	₹6,570
Maximum	30	900	₹197,100

Nelcast IPO Subscription Status (Bidding Detail)

The Nelcast IPO is subscribed 7.36x times on Jun 8, 2007 17:00. The public issue subscribed 4.59x in the retail category, 11.22x in the QIB category, and 0.93x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total	7.36x

Nelcast IPO Prospectus

› Nelcast IPO DRHP
› Nelcast IPO RHP

Nelcast IPO Rating

4.0

Rating:

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Nelcast IPO Listing Date

Listing Date	Wednesday, June 27, 2007
BSE Script Code	532864
NSE Symbol	NELCAST
Listing In	B1 Group of Securities
ISIN	INE189I01024
IPO Price	₹219 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹219.00
₹252.05
₹203.10
₹284.70
₹206.25
6,095,133

NSE
₹219.00
₹252.00
₹204.25
₹274.00
₹207.35
6,711,142

Nelcast IPO Reviews / Ratings

Business Line - Subscribe
S P Tulsian - Avoid

Company Contact Information

Nelcast Limited
Nelcast Limited,
34, Industrial Estate,
Gudur 524101, Andhra Pradesh, India

Phone: + 91 8624 251 266
Email: nelcast@nelcast.com
Website: http://www.nelcast.com

Nelcast 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
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Nelcast IPO Lead Manager(s)

Karvy Investor Services Limited

Lead Manager Reports

Nelcast IPO FAQs

What is Nelcast IPO?

Nelcast IPO is a main-board IPO of 4,350,000 equity shares of the face value of ₹10 aggregating up to ₹95.27 Crores. The issue is priced at ₹195 to ₹219 per equity share. The minimum order quantity is 30 Shares.

The IPO opens on Jun 4, 2007, and closes on Jun 8, 2007.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Nelcast IPO will open?

The Nelcast IPO opens on Jun 4, 2007 and closes on Jun 8, 2007.
What is the lot size of Nelcast IPO?

Nelcast IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.
How to apply for Nelcast IPO?

You can apply in Nelcast 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 Nelcast IPO allotment?

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

The Nelcast IPO listing date is on Wednesday, June 27, 2007.

Nelcast IPO Message Board

Ranked Members

101. hari |Jul 12, 2007 18:07

HI everybody,

I applied 60 nelcast shares, i got 30 in the allotment,

Still i Didn't get refund money for remaining 30 shares,

is anybody help to me,

how can i get my money,

i applied through ICICI Dmat Account

Wait For Reply.

100. Gapoo |Jul 12, 2007 16:50

hai i am here to give my opinion on nelcast, as i have already done my homework. as per my opinion you can buy this share at present level, i am sure you will not regret, this is by far the cheapest share available in casting industry just look into the fundamentals u will certainly buy this share. just look into the balance sheet only and projection also.

99. alok patni |Jul 7, 2007 09:44

idea going 200 for 6 Month

98. Public |Jul 6, 2007 22:13

East or West NELCAST is Worst.

South or North dont trust NELCAST.

but this share for 90 rs after 2 weeks.

be ready guys.

97. To Gopoo |Jul 6, 2007 17:34

I agree with you.. Similar thing happened to me .

jai

96. Gapoo |Jul 6, 2007 15:14

i have lost huge amount of money in this public issue inspite of rave reviews from well known sites are they fooling public, everybody from broker community was against dlf issue and icici issue but these issue gave much needed profit to real investors like me, now we are eagerly awaiting for beml and hdil where public fooled by not applying and broker invested heavily. alwasy do your homework, everonn is just the issue that everybody is recommending but look at the fundamentals its pathetic, every investor runs after this issue may god bless them

95. rahul |Jul 4, 2007 14:30

HI Anybody,

I applied 60 nelcast Shares, i got 30 shares in the allotment, but still i didn't get refund for remaining 30 Shares,

I applied Through ICICI DMAT account,

when will i get the remaining amount.

94. rekha shah |Jul 2, 2007 15:46

SORRY --- targer is 290 not 390... it will cross its all time high price as per following story:-

Nelcast says gets 200 mln rupees Metro Rail order

By Reuters (Thursday June 28, 08:56 AM)

MUMBAI (Reuters) - Nelcast Ltd., which made its stock market debut earlier on Wednesday, said it recently got an order worth 200 million rupees for ribbed plates from Metro Rail Corp.

Castings and components maker Nelcast has also received a four-year order worth about 150 million rupees annually to supply carriers to Europe's Meritor, it said in a statement.

Nelcast was at 214.65 rupees and 2.5 million shares were traded on the Mumbai stock exchange.

93. rekha shah |Jul 2, 2007 15:40

short term target 390.....do not sell in panic

92. tanushri |Jun 28, 2007 20:47

Sell on rallies if any. Not worth of holding I think.

91. kiran |Jun 28, 2007 16:01

worst ipo, even capital market given wrong rating (46).

with in month this share value will go below 100

90. Mitra |Jun 27, 2007 22:25

Hi Raghu

Good guess , I appreciate your suggestions.

89. Ckshah |Jun 27, 2007 18:51

Top Contributor (200+ Posts)

can anyone suggest me what was the future of nelcast today
it was close at 204 rs against 219 rs issue price almost 15 rs less.

88. raghu |Jun 27, 2007 18:14

I purchased 30 shares at average of Rs 215. It has closed at 207.25 (LTP). With vishal and DLF listing next week, there won't be any interest left in this stock. It is better to get out at the best price in next couple of days. I plan to get out tomorrow morning. Because i feel 160-170 is a good level to enter this stock. You make your own decisions depending on your risk taking capabilities.

87. Ckshah |Jun 27, 2007 17:40

Top Contributor (200+ Posts)

can anyone suggest me what was the future of nelcast today
it was close at 204 rs against 219 rs issue price almost 15 rs less.

86. Ckshah |Jun 27, 2007 17:30

Top Contributor (200+ Posts)

can anyone suggest me what was the future of nelcast today
it was close at 204rs against 219 rs issue price almost 15 rs less.

85. shareking |Jun 27, 2007 14:28

Nelcast says gets 200 mln rupees Metro Rail order
Wed Jun 27, 2007 11:55 AM IST16

MUMBAI (Reuters) - Nelcast Ltd., which made its stock market debut earlier on Wednesday, said it recently got an order worth 200 million rupees for ribbed plates from Metro Rail Corp.

Castings and components maker Nelcast has also received a four-year order worth about 150 million rupees annually to supply carriers to Europe's Meritor, it said in a statement.

Nelcast was at 214.65 rupees and 2.5 million shares were traded on the Mumbai stock exchange.

84. mittal |Jun 26, 2007 18:58

IT IS A VERY GOOD SHARE AND MIGHT GIVE 20-25 RUPEES.

83. HimaSagar |Jun 26, 2007 11:36

Hi guys
Tomorrow is the listing date for this IPO
Can i buy the shares tomorrow morning in open??
I mean is it increase the rate after 2 or 3 days??
Please suggest anyone.

82. SANJIV |Jun 26, 2007 11:04

HAI DEAR MEMBERS AS I TOLD YOU THAT I AM BUYER AND I AM PLEASED TO GET RESPONSE FROM MY FRIENDS AND WELL WISHERS TILL THE TIME OF POSTING THIS MESSAGE I HAVE ALREADY GOT 4550 SHARES NOW 450 SHARES ARE STILL LEFT ANY FRIENDS FROM DELHI I WISH TO PURCHASE AT A PREMIUM OF RS. 50/- OR SO. IT IS RIDICULOUS TO NOTE THE UNOFFICIAL PREMIUM WHICH IS QUOTED BY SOMEONE IS MERE 5 TO 6 ONLY HOWEVER I AND MY FRIENDS CIRCLE ARE CONTINUEOUSLY BUYER OF THIS SCRIP SINCE IPO DATE. INVESTOR PLEASE HOLD ON TO YOUR SCRIP, I ASSURE YOU BEST OF RETURN WITHIN ONE MONTH OR SO, JUST LOOK AT THE CURRENT QTR. RESULTS ENDING JUNE 07, I AM SURE YOU WILL NOT SELL THE SCRIP, 1ST QTR. RESULTS MAY BE DECLARED ON 14 OR 15 JULY SO HOLD ON TO AT LEAST 15 DAYS OR SO.

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Nelcast Limited IPO (Nelcast IPO) Detail

Objects of the Issue:

Nelcast IPO Details

Nelcast IPO Lot Size

Nelcast IPO Subscription Status (Bidding Detail)

Nelcast IPO Prospectus

Nelcast IPO Rating

Nelcast IPO Listing Date

Listing Day Trading Information

Nelcast IPO Reviews / Ratings

Company Contact Information

Nelcast IPO Registrar

Nelcast IPO Lead Manager(s)

Nelcast IPO FAQs

What is Nelcast IPO?

When Nelcast IPO will open?

What is the lot size of Nelcast IPO?

How to apply for Nelcast IPO?

When Nelcast IPO allotment?

When is Nelcast IPO listing date?

Nelcast IPO Message Board

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