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Ashoka Buildcon IPO is a book build issue of ₹225.00 crores. The issue is entirely a fresh issue of 0.69 crore shares of ₹225.00 crore.
Ashoka Buildcon IPO bidding started from Sep 24, 2010 and ended on Sep 28, 2010. The shares got listed on BSE, NSE on Oct 14, 2010.
Ashoka Buildcon IPO price band is set at ₹324.00 per share . The lot size for an application is 21. The minimum amount of investment required by an retail is ₹6,237 (21 shares). The lot size investment for sNII is 30 lots (630 shares), amounting to ₹2,04,120, and for bNII, it is 147 lots (3,087 shares), amounting to ₹10,00,188.
The issue includes a reservation of up to 34,722 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Ashoka Buildcon IPO RHP for detailed Information.
| IPO Date | September 24, 2010 to September 28, 2010 |
| Listing Date | October 14, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹297 to ₹324 per share |
| Issue Price Final | ₹324 per share |
| Lot Size | 21 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 69,44,444 shares (aggregating up to ₹225.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,56,91,702 shares |
| Share Holding Post Issue | 5,26,36,146 shares |
Ashoka IPO offers total 69,44,444 shares. Out of which 41,45,833 (59.70%) allocated to QIB, 29,02,083 (41.79%) allocated to QIB, 6,90,972 (9.95%) allocated to NII, 20,72,917 (29.85%) allocated to RII and 12,43,750 (17.91%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 41,45,833 (59.70%) | NA |
| − Anchor Investor Shares Offered | 12,43,750 (17.91%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 29,02,083 (41.79%) | NA |
| NII (HNI) Shares Offered | 6,90,972 (9.95%) | NA |
| Retail Shares Offered | 20,72,917 (29.85%) | 98,710 |
| Employee Shares Offered | 34,722 (0.50%) | NA |
| Total Shares Offered | 69,44,444 (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 |
Ashoka Buildcon IPO opens on September 24, 2010, and closes on September 28, 2010.
| IPO Open Date | Fri, Sep 24, 2010 |
| IPO Close Date | Tue, Sep 28, 2010 |
| Tentative Listing Date | Thu, Oct 14, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 28, 2010 |
Investors can bid for a minimum of 21 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 | 21 | ₹6,804 |
| Retail (Max) | 29 | 609 | ₹1,97,316 |
| S-HNI (Min) | 30 | 630 | ₹2,04,120 |
| S-HNI (Max) | 146 | 3,066 | ₹9,93,384 |
| B-HNI (Min) | 147 | 3,087 | ₹10,00,188 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1993, Ashoka Buildcon Limited is a Nashik, Maharashtra based construction company involve in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India.
Company is also involve in engineering, designing and maintenance of roads, bridges, electricity substations, commercial buildings and industrial buildings for third parties. Other businesses of the company includes manufacture and sell ready-mix concrete and bitumen and collect tolls on roads and bridges owned and constructed by third parties.
Ashoka Buildcon has 4 business divisions:
1. BOT Division, which operates or have an interest in 21 BOT road projects across India.
2. EPC Division, which is involve in activities like engineering, design, maintenance and repair of infrastructure projects for third parties.
3. RMC and Bitumen Division, which sells ready-mix concrete and bitumen.
4. Toll Collection Contract Division, which collects toll on roads/bridges owned and constructed by third parties.
| Particulars | For the year/period ended (Rs. in Millions) | ||||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |||
| Total Income | 7,560.04 | 3,419.62 | 3,711.61 | 1,797.01 | 1,396.03 | ||
| Profit After Tax (PAT) | 478.03 | 220.49 | 147.38 | 85.89 | 113.46 | ||
The Company Ashoka 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 | Investment in capital equipment | 140.00 |
| 2 | To meet working capital requirements. | 450.00 |
| 3 | Prepayment/ repayment of project loans of the Company | 550.00 |
| 4 | General corporate purposes. | 194.00 |
| 5 | Funding certain Subsidiaries for prepayment/ repayment of their loans | 600.00 |
| 6 | Issue Expenses | 206.00 |
CRISIL has assigned an IPO Grade 4 to Ashoka Buildcon Limited IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Ashoka Buildcon IPO, Ashoka IPO, Ashoka Buildcon IPO Bidding, Ashoka IPO Allotment Status, Ashoka Buildcon drhp and Ashoka Buildcon Limited IPO listing.
| Listing Date | October 14, 2010 |
| BSE Script Code | 533271 |
| NSE Symbol | ASHOKA |
| ISIN | INE442H01029 |
| Final Issue Price | ₹324 per share |
| BSE Listing Group | B |
Ashoka Buildcon Ltd.
Ashoka Marg, Vadala, Nashik,
Ashoka Marg, Nashik,
Maharashtra - 422 011
Nashik, Maharashtra
Phone: +91 253 3011705
Email: investors@ashokabuildcon.com
Website: http://www.ashokabuildcon.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: abl.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ashoka Buildcon IPO is a main-board IPO of 69,44,444 equity shares of the face value of ₹10 aggregating up to ₹225.00 Crores. The issue is priced at ₹324 per share. The minimum order quantity is 21.
The IPO opens on September 24, 2010, and closes on September 28, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ashoka Buildcon IPO using UPI as a payment gateway. Zerodha customers can apply in Ashoka Buildcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ashoka Buildcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ashoka Buildcon IPO opens on September 24, 2010 and closes on September 28, 2010.
Ashoka Buildcon IPO lot size is 21, and the minimum amount required for application is ₹6,804.
You can apply in Ashoka Buildcon 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 Ashoka Buildcon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ashoka Buildcon IPO allotment status.
The Ashoka Buildcon IPO listing date is on Thursday, October 14, 2010.
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