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 DateJun 4, 2007 - Jun 8, 2007
Issue TypeBook Built Issue IPO
Issue Size4,350,000 Eq Shares of ₹10
(aggregating up to ₹95.27 Cr)
Face Value₹10 Per Equity Share
IPO Price₹195 to ₹219 Per Equity Share
Market Lot30 Shares
Min Order Quantity30 Shares
Listing AtBSE, NSE

Nelcast IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum130₹6,570
Maximum30900₹197,100

Nelcast IPO Subscription Status (Bidding Detail)

Nelcast IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Jun 8, 2007 17:00

11.22x

0.93x

4.59x

7.36x

Nelcast IPO Prospectus

Nelcast IPO Rating

95
4.0
Rating:Rated 4.0 stars

Vote Here ...

Nelcast IPO Listing Date

Listing DateWednesday, June 27, 2007
BSE Script Code532864
NSE SymbolNELCAST
Listing InB1
ISININE189I01024
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 FAQs

  1. 1. 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 price of the IPO is ₹195 to ₹219 Per Equity Share. The minimum order quantity is 30 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Nelcast IPO will open?

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

  3. 3. How to apply for Nelcast IPO?

    Nelcast 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 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.

  5. 5. When is Nelcast IPO listing date?

    The Nelcast IPO listing date is on Wednesday, June 27, 2007, at BSE, NSE.
  6. 6. What is the lot size of Nelcast IPO?

    Nelcast IPO lot size is 30 Shares and the minimum order quantity is 30 Shares.

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Nelcast IPO Review / Comments

hari
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.
Gapoo
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.
alok patni
99. alok patni  Jul 7, 2007 09:44
idea going 200 for 6 Month
Public
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.
To Gopoo
97. To Gopoo  Jul 6, 2007 17:34
I agree with you.. Similar thing happened to me .

jai
Gapoo
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
rahul
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.

rekha shah
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.

rekha shah
93. rekha shah  Jul 2, 2007 15:40
short term target 390.....do not sell in panic
tanushri
92. tanushri  Jun 28, 2007 20:47
Sell on rallies if any. Not worth of holding I think.
kiran
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
Mitra
90. Mitra  Jun 27, 2007 22:25
Hi Raghu

Good guess , I appreciate your suggestions.
Ckshah
89. Ckshah  Jun 27, 2007 18:51
Top Contributor 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.

raghu
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.
Ckshah
87. Ckshah  Jun 27, 2007 17:40
Top Contributor 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.
Ckshah
86. Ckshah  Jun 27, 2007 17:30
Top Contributor 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.
shareking
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.
mittal
84. mittal  Jun 26, 2007 18:58
IT IS A VERY GOOD SHARE AND MIGHT GIVE 20-25 RUPEES.
HimaSagar
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.
SANJIV
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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