Bookbuilding IPO | ₹43 Cr | Listed at BSE | Mon, Jun 18, 2007 - Fri, Jun 22, 2007
Ankit Metal IPO is a book build issue of ₹42.84 crores. The issue is entirely a fresh issue of 1.19 crore shares of ₹42.84 crore.
Ankit Metal IPO bidding started from Jun 18, 2007 and ended on Jun 22, 2007. The shares got listed on BSE on Jul 10, 2007.
Ankit Metal IPO price band is set at ₹36 per share. The lot size for an application is 190. The minimum amount of investment required by an retail is ₹6,840 (190 shares) (based on upper price). The lot size investment for sNII is 30 lots (5,700 shares), amounting to ₹2,05,200, and for bNII, it is 147 lots (27,930 shares), amounting to ₹10,05,480.
The issue includes a reservation of up to 11,90,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Ankit Metal IPO RHP for detailed Information.
IPO Open
Mon, Jun 18, 2007
IPO Close
Fri, Jun 22, 2007
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹118.35 Cr
| IPO Date | 18 to 22 Jun, 2007 |
| Listed on | Tue, Jul 10, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹36 |
| Issue Price | ₹36 per share |
| Lot Size | 190 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 1,19,00,000 shares (agg. up to ₹43 Cr) |
| Reserved for Private Promoter | 23,10,000 shares (agg. up to ₹8 Cr) |
| Fresh Issue | 95,90,000 shares (agg. up to ₹35 Cr) |
| Net Offered to Public | 95,90,000 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 2,09,75,500 shares |
| Share Holding Post Issue | 3,28,75,500 shares |
| BSE Script Code | 532870 ANKITMETAL |
| ISIN | INE106I01010 |
Ankit Metal IPO comprises a total issue size of 95,90,000 shares. The net offer to the public is 60,90,000 shares, after excluding 23,10,000 shares allotted on a firm basis and 11,90,000 shares under a preferential allotment. Of the Net offer 42,00,000 (50.00%) are allocated to QIB, 12,60,000 (15.00%) allocated to NII 29,40,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 42,00,000 | 50.00% | 43.80% | NA |
| NII (HNI) Shares Offered | 12,60,000 | 15.00% | 13.14% | NA |
| Retail Shares Offered | 29,40,000 | 35.00% | 30.66% | 15,473 |
| Preferential Reservations | ||||
| Employee Shares Offered | 11,90,000 | 12.41% | NA | |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 23,10,000 | 24.09% | NA | |
| Total Shares Offered | 95,90,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 190 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 190 | ₹6,840 |
| Retail (Max) | 29 | 5,510 | ₹1,98,360 |
| S-HNI (Min) | 30 | 5,700 | ₹2,05,200 |
| S-HNI (Max) | 146 | 27,740 | ₹9,98,640 |
| B-HNI (Min) | 147 | 27,930 | ₹10,05,480 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2002, Ankit Metal & Power Limited (AMPL) is in the business of manufacturing Sponge Iron, M.S. Ingots/Billets and Re-Rolled products. Companies manufacturing plant is in village Chhatna, Jorehira in Bankura District of West Bengal.
AMPL’s Sponge Iron unit has started its operation since October, 2005 whereas the operations of the Billet Casting unit has started in January, 2006.
It’s re-rolling Mill, WHR based captive power plant and 4 MW AFBC captive power plant are estimated to start their operation from July, 2007.
| 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 | The proceeds from the Issue of shares are intended to be deployed for: Sponge Iron Plant, Steel Melting Shop including Induction furnaces & 4 MW AFBC based Captive Concaster, Re-rolling Mill, and 8.5 MW Waste Heat Power Plant Recovery based Captive Power Plant. | 121.98 |
| 2 | To utilise funds for general corporate purposes. The general corporate purpose also includes capital expenses for iron ore and coal mining, the repayment of any unsecured loans raised and internal accrual, if any, for the purpose of the proposed project. | 7.90 |
| 3 | To meet the Public Issue Expenses. | 3.25 |
| Total | 133.13 |
| KPI | |
|---|---|
| RoNW | 20.19% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 70.83% |
| Market Cap | ₹118.35 Cr. |
The Ankit Metal IPO is subscribed 1.58 times on June 22, 2007 5:00:00 PM (Day 5). The public issue subscribed 2.43 times in the retail category, 0.72 times in the QIB category, and 3.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹37.90 |
| Low | ₹36.50 |
| High | ₹38.40 |
| Last Trade | ₹36.95 |
Lead Manager Reports
Ankit Metal IPO is a main-board IPO of 1,19,00,000 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 190.
The IPO opens on Mon, Jun 18, 2007, and closes on Fri, Jun 22, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Ankit Metal IPO using UPI as a payment gateway. Zerodha customers can apply in Ankit Metal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ankit Metal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ankit Metal IPO opens on Mon, Jun 18, 2007 and closes on Fri, Jun 22, 2007.
Ankit Metal IPO lot size is 190, and the minimum amount required for application is ₹6,840.
You can apply in Ankit Metal 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 Ankit Metal IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ankit Metal IPO allotment status.
The Ankit Metal IPO listing date is on Tue, Jul 10, 2007.
