IPO SYNOPSIS

Ashoka Metcast Ltd
Registered Office:
7th Floor Ashoka Chambers,Opp HCG Hoapitals Mithakhali,
Ahmedabad - 380006,
Gujarat, India.
Public issue of 60,00,000 equity shares of (₹) 10/- each ("equity shares") of Ashoka Metcast Limited ("AML" or the "company") for cash at a price of (₹) 20 per share (the "issue price"), aggregating to (₹) 12.00 crores ("the issue"), of which 3,12,000 equity shares of (₹) 10 each will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 56,88,000 equity shares of (₹) 10/- each is hereinafter referred to as the "net issue". The issue and the net issue will constitute 56.02% and 53.10%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is (₹) 10 and the issue price is 2 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Jan-18
25-Jan-18
20.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 6000     Further Multiples of : 6000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
12.00
Aryaman Financial Services Ltd
Project Financed
12.00
 
Post Issue
10.71
 
Issue Price
20.00
 
Projects
Investment in subsidiary company - SGRMPL for funding capital expenditure requirements in relation to revival and modernisation of existing manufacturing facility at Kadi, Gujarat and working capital requirements
Repayment of loans
Funding expenditure for general corporate purposes
Promoted By
Shalin Shah
Shalin A Shah(HUF)
Listing At
BSE - SME
Registrar to the Issue
No Data Available!!!
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