Tuesday, January 23, 2018

Ashoka Metcast IPO Price Band, Market Lot, Dates, Allotment & Subscription Details

   
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Ashoka Metcast Ltd incorporated in 2009 based in Ahmedabad, Gujarat. The company is a trader of structral setel products. The range of the products are round bars and flat bars. They propose to manufacturer structural steel products like TMT bars, channels, MS bars and angles. Ashoka Metcast ipo is starting from 23 January and ends on 25 January. The price band is around Rs.20 with 6000 market lot. The ipo size is around 12.00 crore rupees.
IPO Review:
  • Avoid (Risky)
Ashoka Metcast IPO Dates & Price Band:
  • IPO Open: 23 January 2018
  • IPO Close: 25 January 2018
  • IPO Size: Approx Rs 12.00 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs 20 Per Equity Share
  • Listing on: BSE SME
  • Shares: 6,000,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 6,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,20,000
Financial Results:

Rs. in Lakh

2013 2014 2015 2016 2017
Revenues - 0.4 0.9 0.4 9.9
Expenses 0.2 1.5 0.2 0.2 8.5
PAT -0.2 -1.1 0.7 0.1 1.1


Grey Market Premium:
  • The grey market is around Rs.5000 Subject to Sauda.
Ashoka Metcast IPO Subscription Status:
  • IPO Subscribed 1.49 times on day 3
Ashoka Metcast IPO Allotment Status:
Company Promoters:
  • Mr. Shalin Shah
  • Shalin A. Shah (HUF)
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: [email protected]
Website: http://www.bigshareonline.com

IPO Lead Managers:
  • Aryaman Financial Services limited
Company Address:
Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali
Ahmedabad
Phone: +91- 79- 2646 3226
Fax: +91- 79- 2646 3226
Email: [email protected]
Website: http://www.ashokametcast.in/

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