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Action Construction Equipment IPO is a book build issue .
Action Construction Equipment IPO bidding started from Sep 1, 2006 and ended on Sep 7, 2006. The shares got listed on BSE, NSE on Sep 26, 2006.
Action Construction Equipment IPO price band is set at ₹130.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹2,200 (20 shares). The lot size investment for sNII is 77 lots (1,540 shares), amounting to ₹2,00,200, and for bNII, it is 385 lots (7,700 shares), amounting to ₹10,01,000.
Karvy Investor Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Action Construction Equipment IPO RHP for detailed Information.
| IPO Date | September 1, 2006 to September 7, 2006 |
| Listing Date | September 26, 2006 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹110 to ₹130 per share |
| Issue Price Final | ₹130 per share |
| Lot Size | 20 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 33,77,000 shares |
| Share Holding Post Issue | 1,79,77,000 shares |
Action Construction Equipment IPO opens on September 1, 2006, and closes on September 7, 2006.
| IPO Open Date | Fri, Sep 1, 2006 |
| IPO Close Date | Thu, Sep 7, 2006 |
| Tentative Listing Date | Tue, Sep 26, 2006 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 7, 2006 |
Investors can bid for a minimum of 20 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 | 20 | ₹2,600 |
| Retail (Max) | 76 | 1,520 | ₹1,97,600 |
| S-HNI (Min) | 77 | 1,540 | ₹2,00,200 |
| S-HNI (Max) | 384 | 7,680 | ₹9,98,400 |
| B-HNI (Min) | 385 | 7,700 | ₹10,01,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
ACE, Action Construction Equipment Limited is the leading mobile crane manufacturing company in India.
ACE Product Range includes Hydraulic Mobile Pick-n-Move Cranes, Loaders Tower cranes, Aerial Work Platforms, Mast Climbing Platforms / Lifts, Lorry Loaders / Truck Mounted Cranes.
ACE has production facilities in Faridabad, which is 45 Kms. from Delhi.
The Company Action IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To set up a new manufacturing plant for Loaders, higher capacity Tower Cranes and Construction Equipment | 234.03 |
| 2 | Expand/Modernize the existing capacities/facilities | 88.41 |
| 3 | Acquisition / Investments | 70.00 |
| 4 | To set up a Joint Venture with Tigieffe SRL, ITALY | 66.00 |
| 5 | Additional Working capital requirement | 137.70 |
| 6 | Brand Building Exercise | 25.00 |
| 7 | To set up Corporate Office and R & D Centre | 136.73 |
| 8 | Contingencies | 22.90 |
| 9 | To meet the Issue Expenses | 52.26 |
| Listing Date | September 26, 2006 |
| BSE Script Code | 532762 |
| NSE Symbol | ACE |
| ISIN | INE731H01025 |
| Final Issue Price | ₹130 per share |
Action Construction Equipment Ltd.
Action Construction Limited,
II Floor, Plot No.7, H-Block,
Sarita Vihar, New Delhi - 110 044
Delhi, New Delhi
Phone: +91-11-2695-3623
Email: finance@ace-cranes.com
Website: http://www.ace-cranes.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email:
Website: https://ipostatus.kfintech.com/
Action Construction Equipment IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹130 per share. The minimum order quantity is 20.
The IPO opens on September 1, 2006, and closes on September 7, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Action Construction Equipment IPO using UPI as a payment gateway. Zerodha customers can apply in Action Construction Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Action Construction Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Action Construction Equipment IPO opens on September 1, 2006 and closes on September 7, 2006.
Action Construction Equipment IPO lot size is 20, and the minimum amount required for application is ₹2,600.
You can apply in Action Construction Equipment 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 Action Construction Equipment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Action Construction Equipment IPO allotment status.
The Action Construction Equipment IPO listing date is on Tuesday, September 26, 2006.
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