Fixed Price IPO | ₹38 Cr | Listed at BSE, NSE | Mon, Oct 24, 2005 - Fri, Oct 28, 2005
Vikash Metal & Power IPO is a fixed issue price of ₹37.81 crores. The issue is entirely a fresh issue of 1.89 crore shares of ₹37.81 crore.
Vikash Metal & Power IPO bidding started from Oct 24, 2005 and ended on Oct 28, 2005. The shares got listed on NSE and BSE on Nov 28, 2005.
Vikash Metal & Power IPO is set final issue price at ₹20 per share.
Microsec Capital Ltd. is the book running lead manager and Maheshwari Datamatics Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Oct 24, 2005
IPO Close
Fri, Oct 28, 2005
Issue Price
₹20 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 24 to 28 Oct, 2005 |
| Listed on | Mon, Nov 28, 2005 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,89,03,400 shares (agg. up to ₹38 Cr) |
| Reserved for Private Promoter | 64,02,900 shares (agg. up to ₹13 Cr) |
| Fresh Issue | 1,25,00,500 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 1,25,00,500 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,62,16,700 shares |
| Share Holding Post Issue | 3,51,20,100 shares |
| BSE Script Code / NSE Symbol | 532677 / VIKASHMET |
| ISIN | INE158H01013 |
Vikash Metal & Power IPO comprises a total issue size of 1,25,00,000 shares. The net offer to the public is 60,97,100 shares, after excluding 64,02,900 shares allotted on a firm basis. Of the Net offer 12,50,000 (10.00%) are allocated to QIB, 50,00,000 (40.00%) allocated to NII 62,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,50,000 | 10.00% | 10.00% |
| NII (HNI) Shares Offered | 50,00,000 | 40.00% | 40.00% |
| Retail Shares Offered | 62,50,000 | 50.00% | 50.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 64,02,900 | 51.22% | |
| Total Shares Offered | 1,25,00,000 | 100.00% | 100.00% |
Incorporated in 1996, Vikash Metal & Power Limited is engaged in the manufacturing of sponge iron and trading of coal and iron & steel products. The company was initially incorporated as a private company for trading activities and later expanded into manufacturing operations within the iron and steel industry.
The company operates a coal-based sponge iron manufacturing plant at Poradiha village in Purulia district, West Bengal. Its facility comprises two rotary kilns of 100 TPD each with an installed production capacity of approximately 65,000 TPA. Commercial production from the first kiln commenced in August 2003, followed by the second kiln in June 2004.
The company is also involved in coal trading through imports and has plans for backward and forward integration by establishing facilities for steel billets, TMT bars, HR strips, ferro manganese, and captive power generation through waste heat recovery systems.
The manufacturing facility is located in Purulia, West Bengal, a notified backward area, supporting the company’s integrated steel and power operations.
| Period Ended | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 28.71 | 18.14 | 9.65 |
| Total Income | 10.97 | 37.42 | 9.82 |
| Profit After Tax | 0.69 | 2.09 | 0.15 |
| NET Worth | 13.13 | 12.43 | 8.71 |
| Reserves and Surplus | 2.95 | 2.26 | 0.17 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| S.A.L.Steel Ltd. | Mainboard | ₹58.80 Cr | ₹14 | null | ₹19.55 | +39.64% | ₹53.12 (-3.60%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of existing Sponge Iron Plant with an existing capacity to produce 65,000 MTPA by installation of further two Kilns of capacity 100 TPD so as to produce 1,30,000 MTPA of sponge iron | 38.94 |
| 2 | M. S. Billet Casting Plant with a capacity of 57,000 MTPA | 9.38 |
| 3 | TMT Bars & HR Strips Plant with an installed capacity to produce 48,000 MTPA. | 14.24 |
| 4 | Ferro Manganese Plant with a capacity to produce 15,400 MTPA | 10.38 |
| 5 | Captive Power Plant using waste heat recovery to produce 10MW of Power | 38.00 |
| 6 | Public Issue expenses | 2.50 |
| Total | 113.44 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 21% | 12.33% |
| Price to Book Value | 1.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.44% | 61.16% |
The Vikash Metal & Power IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 3.67 | 1,25,00,000 | 4,58,39,675 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, selling commission, distribution expenses, legal fees, fees to advisors, stationary costs, advertising expenses and listing fees payable to the stock exchanges, among others. | 2.50 |
| Total | 2.50 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹20.00 | ₹20.00 |
| Open | ₹12.80 | ₹13.06 |
| Low | ₹12.75 | ₹12.65 |
| High | ₹13.35 | ₹13.15 |
| Last Trade | ₹12.80 | ₹12.76 |
Lead Manager Reports
Vikash Metal & Power IPO is a main-board IPO of 1,89,03,400 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹20 per share. The minimum order quantity is .
The IPO opens on Mon, Oct 24, 2005, and closes on Fri, Oct 28, 2005.
Maheshwari Datamatics Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vikash Metal & Power IPO using UPI as a payment gateway. Zerodha customers can apply in Vikash Metal & Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vikash Metal & Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vikash Metal & Power IPO opens on Mon, Oct 24, 2005 and closes on Fri, Oct 28, 2005.
Vikash Metal & Power IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Vikash Metal & Power IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vikash Metal & Power IPO will be done on Friday, November 18, 2005, and the allotted shares will be credited to your demat account by . Check the Vikash Metal & Power IPO allotment status.
The Vikash Metal & Power IPO listing date is on Tue, Nov 28, 2006.
