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Aanchal Ispat IPO is a fixed price issue of ₹16.01 crores. The issue is entirely a fresh issue of 0.80 crore shares of ₹16.01 crore.
Aanchal Ispat IPO bidding started from Nov 24, 2014 and ended on Nov 26, 2014. The shares got listed on BSE SME on Dec 10, 2014.
Aanchal Ispat IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gcm Securities Ltd..
Refer to Aanchal Ispat IPO RHP for detailed Information.
| IPO Date | November 24, 2014 to November 26, 2014 |
| Listing Date | December 10, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 80,04,000 shares (aggregating up to ₹16.01 Cr) |
| Reserved for Market Maker | 4,08,000 shares Gcm Securities Ltd. (aggregating up to ₹0.8160 Cr) |
| Net Offered to Public | 75,96,000 shares (aggregating up to ₹15.19 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,28,49,750 shares |
| Share Holding Post Issue | 2,08,53,750 shares |
Aanchal Ispat IPO offers total 80,04,000 shares. Out of which 37,98,000 (47.45%) allocated to NII, 37,98,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,08,000 (5.10%) |
| NII (HNI) Shares Offered | 37,98,000 (47.45%) |
| Retail Shares Offered | 37,98,000 (47.45%) |
| Total Shares Offered | 80,04,000 (100.00%) |
Aanchal Ispat IPO opens on November 24, 2014, and closes on November 26, 2014.
| IPO Open Date | Mon, Nov 24, 2014 |
| IPO Close Date | Wed, Nov 26, 2014 |
| Tentative Listing Date | Wed, Dec 10, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 26, 2014 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Aanchal Ispat Ltd (AIL) is engaged in manufacturing of Mild Steel TMT Re-bars, Structural Re-bars, Round and other Sectional products as per orders that are used in infra projects. They are also engaged in the trading of the products like Mild Steel Billets, Cement & Clinker, Charcoal and TMT & Structural Re-Bars. Company launched its products under the brand name "RELICON".
Currently they are having two manufacturing facilities, one for TMT Re-bars and other for Structural Re-bars. We are having an installed capacity of 21000 TPA for TMT Re-bars and 24000 TPA for Structural Re-Bars. AIL intend to convert their semi-automatic Rolling mill to fully automatic Rolling Mill by inter alia replacing Fiber Mill Stand to Roller Bearing Mill Stands.
| KPI | Values |
|---|---|
| RoNW | 3.29% |
The Company Aanchal Ispat IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion and modernizing by upgradation and automation of the TMT Bar manufacturing facilities | 5.36 |
| 2 | Additional Working Capital Requirements | 10.15 |
| 3 | Public Issue Expenses | 0.50 |
[Dilip Davda] <p> </p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-family: Calibri; font-size: medium;">Considering the barriers on minimum investment and low preference by major broking community, retail investors can avoid this issue. However risks aver high net-worth individuals may park their surplus funds in this costly bet at their own discretion.</span></strong></p> Read detail review...
| Listing Date | December 10, 2014 |
| BSE Script Code | 538812 |
| NSE Symbol | |
| ISIN | INE322R01014 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹22.10 |
| Low | ₹21.00 |
| High | ₹22.90 |
| Last Trade | ₹21.00 |
Aanchal Ispat Ltd.
J.L. No. 5,
National Highway No. 6,
Mouza Chamrail,
Howrah, West Bengal, 711114
Phone: +91 3212 246 121
Email: ipo@aanchalispat.com
Website: http://www.aanchalispat.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Aanchal Ispat IPO is a SME IPO of 80,04,000 equity shares of the face value of ₹10 aggregating up to ₹16.01 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on November 24, 2014, and closes on November 26, 2014.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aanchal Ispat IPO using UPI as a payment gateway. Zerodha customers can apply in Aanchal Ispat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aanchal Ispat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aanchal Ispat IPO opens on November 24, 2014 and closes on November 26, 2014.
Aanchal Ispat IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Aanchal Ispat 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 Aanchal Ispat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aanchal Ispat IPO allotment status.
The Aanchal Ispat IPO listing date is on Wednesday, December 10, 2014.
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