The Ashoka Metcast IPO date has been confirmed from January 23, 2018 and ended on January 25, 2018.
Using an IPO, Ashoka Metcast is seeking to raise Rs 12.00 crores. Its price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
January 23-25
Price Range
₹20 per share
Face Value
₹10 per share
GMP
₹24.20
Ashoka Metcast IPO GMP
The Ashoka Metcast Limited IPO GMP is ₹24.20.
IPO Overview
The Ashoka Metcast IPO has a fixed price of Rs 12.00 crore. Bidding for the Ashoka Metcast IPO began on January 23, 2018 and finished on January 25, 2018. On February 5, 2018, the shares were listed on the BSE SME. The IPO price for Ashoka Metcast is ₹20 per share.
The company is listed on BSE and has a market capitalisation of around 125 crores. A lot size of 6000 shares is required for an application. Retail investors must make a minimum investment of ₹120,000 to participate.
Ashoka Metcast IPO Details
| IPO Date | January 23, 2018 to January 25, 2018 |
| Listing Date | February 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹12.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 312,000 shares |
Ashoka Metcast IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
Ashoka Metcast IPO Listing Details
| Listing Date | February 5, 2018 |
| BSE Script Code | 540923 |
| NSE Symbol | ASHOKAMET |
| ISIN | INE760Y01011 |
| Final Issue Price | ₹20 per share |
Company Profile
Ashoka Metcast Limited is an Ahmedabad, Gujarat-based company that trades structural steel products such as round bars and flat bars. The company intends to manufacture structural steel goods such as TMT bars, angles, channels, MS bars, and so on. Ashoka Metcast Limited is part of a diverse company group with interests in a variety of industries, including oil and gas, steel, infrastructure, electronics, and real estate. Its flagship Group Company, Gujarat Natural Resources Limited, is involved in oil and gas exploration and production and currently
has participating interests in six producing blocks in the Cambay basin, four of which are operated.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Ashoka Metcast Limited |
| Phone number | +91- 79- 2646 3226 |
| Email ID | info@ashokametcast.in |
| Website | ashokametcast.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
