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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 ₹36.00 per share . The lot size for an application is 190. The minimum amount of investment required by an retail is ₹5,700 (190 shares). 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 Date | June 18, 2007 to June 22, 2007 |
| Listing Date | July 10, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹30 to ₹36 per share |
| Issue Price Final | ₹36 per share |
| Lot Size | 190 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,19,00,000 shares (aggregating up to ₹42.84 Cr) |
| Reserved for Private Promoter | 23,10,000 shares (aggregating up to ₹8 Cr) |
| Net Offered to Public | 95,90,000 shares (aggregating up to ₹34.52 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 2,09,75,500 shares |
| Share Holding Post Issue | 3,28,75,500 shares |
Ankit Metal IPO offers total 95,90,000 shares. Out of which 42,00,000 (43.80%) allocated to QIB, 12,60,000 (13.14%) allocated to NII, 29,40,000 (30.66%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 42,00,000 (43.80%) | NA |
| NII (HNI) Shares Offered | 12,60,000 (13.14%) | NA |
| Retail Shares Offered | 29,40,000 (30.66%) | 15,473 |
| Employee Shares Offered | 11,90,000 (12.41%) | NA |
| Total Shares Offered | 95,90,000 (100.00%) |
| 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 |
Ankit Metal IPO opens on June 18, 2007, and closes on June 22, 2007.
| IPO Open Date | Mon, Jun 18, 2007 |
| IPO Close Date | Fri, Jun 22, 2007 |
| Tentative Listing Date | Tue, Jul 10, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 22, 2007 |
Investors can bid for a minimum of 190 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 20.19% |
The Company Ankit Metal 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 | Plant & Machinery | 710.70 |
| 2 | Misc. Fixed Assets | 188.80 |
| 3 | Technical Consultancy charges | 8.50 |
| 4 | Prel. & Pre-op Expenses | 49.90 |
| 5 | Contingencies | 31.70 |
| 6 | Working Capital Margin | 98.50 |
| 7 | Additional Capital Expenses for Rolling Mill | 70.00 |
| 8 | Misc. spare parts & accessories | 22.00 |
| 9 | Prel. & Pre-op Expenses due to time overrun | 415.00 |
| 10 | General Corporate Purpose | 79.01 |
| 11 | Public Issue Expenses | 32.50 |
| 12 | Land & Building (including civil structure) | 131.70 |
| Listing Date | July 10, 2007 |
| BSE Script Code | 532870 |
| NSE Symbol | ANKITMETAL |
| ISIN | INE106I01010 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | B1 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹37.90 |
| Low | ₹36.50 |
| High | ₹38.40 |
| Last Trade | ₹36.95 |
Ankit Metal & Power Ltd.
Ankit Metal & Power Limited,
35, Chittranjan Avenue,
Kolkata – 700 012 India
Kolkata, West Bengal
Phone: 91-33-22119805
Email: ipo@ankitmetal.com
Website: http://www.ankitmetal.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ankit-ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ankit Metal IPO is a main-board IPO of 1,19,00,000 equity shares of the face value of ₹10 aggregating up to ₹42.84 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 190.
The IPO opens on June 18, 2007, and closes on June 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 June 18, 2007 and closes on June 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 Tuesday, July 10, 2007.
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