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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.
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.
| IPO Date | Jun 4, 2007 to Jun 8, 2007 |
| Listing Date | Wednesday, June 27, 2007 |
| Face Value | ₹10 per share |
| Price | ₹195 to ₹219 per share |
| Lot Size | 30 Shares |
| Issue Size | 4,350,000 shares of ₹10 (aggregating up to ₹95.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The Nelcast IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,570 |
| Retail (Max) | 30 | 900 | ₹197,100 |
The Nelcast IPO is subscribed 7.36 times on Jun 8, 2007 5:00:00 PM. The public issue subscribed 4.59 times in the retail category, 11.22 times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| 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 share |
| Face Value | ₹10 per share |
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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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 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.
The Nelcast IPO opens on Jun 4, 2007 and closes on Jun 8, 2007.
Nelcast IPO lot size is 30 Shares and the minimum order quantity is .
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.
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.
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Top Contributor (200+ Posts)
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
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