Ashoka Metcast Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

23 Jan 2018

Close Date

25 Jan 2018

Allotment

31 Jan 2018

Listing Date

05 Feb 2018

Exchange

BSE SME

Price Band

₹20

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹20

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

60,00,000 shares (aggregating up to ₹12.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

47,10,000 shares

Promoters

Post-IPO Holding

1,07,10,000 shares

Promoters

UPI Deadline

2018-01-25

Mandate

Anchor AllotmentMon, 22 Jan 2018

Basis of AllotmentWed, 31 Jan 2018

Refund InitiationThu, 01 Feb 2018

Demat CreditThu, 01 Feb 2018

Listing DayMon, 05 Feb 2018

UPI Mandate Deadline2018-01-25

Sale TypeFresh Capital

Net Offer to Public56,88,000 shares (aggregating up to ₹11.38 Cr)

Market Maker Quota3,12,000 shares (aggregating up to ₹0.6240 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Ashoka Metcast Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Jan 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	312,000	—	₹0.62
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,000,000	100%	₹12.00

IPO Shares Offered

Ashoka Metcast Ltd. IPO total issue size: ₹12.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	312,000	₹0.62	5.20%
Total	6,000,000	₹12.00	100.00%

* Based on upper price band ₹20 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹20.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹240,000
Retail (Max — 13 Lots)	13	78,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	84,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	408,000	₹8,160,000

* Issue Price ₹20 × Lot Size 6,000 shares

IPO Schedule

Anchor

22 Jan 2018

✓ Done

IPO Open

23 Jan 2018

✓ Done

IPO Close

25 Jan 2018

✓ Done

Allotment

31 Jan 2018

✓ Done

Refunds

01 Feb 2018

✓ Done

Demat Credit

01 Feb 2018

✓ Done

Listing Day

05 Feb 2018

✓ Done

₹20.00

INR · BSE

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Issue ₹20.00 Live Price

About Ashoka Metcast Ltd.

Incorporated in 2009, Ashoka Metcast Limited is Ahmedabad Gujrat-based company engaged in trading of structural steel products such as Round Bars, Flat Bars etc. Company is proposing to manufacture structural steel products like TMT bars, angles, channels, MS Bars etc.Ashoka Metcast Limited is part of a diversified business group with business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. Its flagship Group Company - Gujarat Natural Resources Limited is engaged in the business of Oil & Gas exploration and production and currently has participating interests in 6 producing blocks in Cambay basin and is operator in four of these blocks. The company is listed on BSE and has a market capitalisation of around 125 crores.

Objects of the Issue

1 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

2 Repayment of loans

3 Funding expenditure for General Corporate Purposes

Ashoka Metcast Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered60,00,000 (100.00%)

Net Offer to Public56,88,000 shares (aggregating up to ₹11.38 Cr)

Reserved for Market Maker3,12,000 shares (aggregating up to ₹0.6240 Cr)

Pre-Issue Promoter Holding47,10,000 shares

Post-Issue Promoter Holding1,07,10,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Ashoka Metcast Ltd. IPO subscribed? ▲

Ashoka Metcast Ltd. IPO is subscribed 1.00 times by Jan 25, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Ashoka Metcast Ltd. IPO retail subscription status? ▼

The Ashoka Metcast Ltd. IPO retail category is subscribed 1.00 times as of 25 Jan 2018. The retail portion is oversubscribed.

How to subscribe Ashoka Metcast Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 23 Jan 2018 and closes 25 Jan 2018. Min investment: ₹120,000 (1 lot = 6,000 shares). UPI mandate: 2018-01-25.

How many times Ashoka Metcast Ltd. IPO subscribed? ▼

The Ashoka Metcast Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Ashoka Metcast Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 31 Jan 2018. Refunds: on 01 Feb 2018.

When Ashoka Metcast Ltd. IPO will be listed? ▼

The Ashoka Metcast Ltd. IPO listing date is 05 Feb 2018, Monday. Listed on: BSE SME. Issue price: ₹20. Estimated listing: ₹20. GMP: NIL.

When Ashoka Metcast Ltd. IPO close? ▼

The Ashoka Metcast Ltd. IPO closes on 25 Jan 2018, Thursday. UPI mandate: 2018-01-25. Allotment: 31 Jan 2018. Listing: 05 Feb 2018.

Quick Actions

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Live Price LIVE

Last Price₹20.00

Change—

Issue Price₹20.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹20

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹20

Subscribed1.00x

Open Date23 Jan 2018

Close Date25 Jan 2018

Allotment31 Jan 2018

Listing Date05 Feb 2018

ExchangeBSE SME

UPI Deadline2018-01-25