Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Mon, Nov 24, 2014 - Wed, Nov 26, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Nov 24, 2014
IPO Close
Wed, Nov 26, 2014
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹41.71 Cr
| IPO Date | 24 to 26 Nov, 2014 |
| Listed on | Wed, Dec 10, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 80,04,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 4,08,000 shares GCM Securities Ltd. (agg. up to ₹0.8160 Cr) |
| Fresh Issue (Ex Market Maker) | 75,96,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 75,96,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,28,49,750 shares |
| Share Holding Post Issue | 2,08,53,750 shares |
| BSE Script Code | 538812 |
| ISIN | INE322R01014 |
Aanchal Ispat IPO comprises a total issue size of 80,04,000 shares. The net offer to the public is 75,96,000 shares, after excluding 4,08,000 shares allotted on a firm basis. Of the Net offer 37,98,000 (50.00%) allocated to NII 37,98,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 37,98,000 | 50.00% | 47.45% |
| Retail Shares Offered | 37,98,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,08,000 | 5.10% | |
| Total Shares Offered | 80,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 3.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 61.61% |
| Market Cap | ₹41.71 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.39 |
| 2 | Printing & Stationery, Postage Expenses and Marketing & Advertisement Expenses | 0.06 |
| 3 | Regulatory fees and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹22.10 |
| Low | ₹21.00 |
| High | ₹22.90 |
| Last Trade | ₹21.00 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Aanchal Ispat IPO is a SME IPO of 80,04,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Nov 24, 2014, and closes on Wed, Nov 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 Mon, Nov 24, 2014 and closes on Wed, Nov 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 Wed, Dec 10, 2014.
