Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Fri, Mar 31, 2017 - Fri, Apr 7, 2017
ASL Industries IPO is a fixed price issue of ₹9.80 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹9.80 crore.
ASL Industries IPO bidding started from Mar 31, 2017 and ended on Apr 7, 2017. The shares got listed on NSE SME on Apr 18, 2017.
ASL Industries IPO price is ₹35 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Guiness Securities Ltd..
Refer to ASL Industries IPO RHP for detailed Information.
IPO Open
Fri, Mar 31, 2017
IPO Close
Fri, Apr 7, 2017
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹36.46 Cr
| IPO Date | 31 Mar to 7 Apr, 2017 |
| Listed on | Tue, Apr 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,44,000 shares Guiness Securities Ltd. (agg. up to ₹0.5040 Cr) |
| Fresh Issue (Ex Market Maker) | 26,56,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 26,56,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 76,17,090 shares |
| Share Holding Post Issue | 1,04,17,090 shares |
| NSE Symbol | ASLIND |
| ISIN | INE617I01024 |
ASL Industries IPO comprises a total issue size of 28,00,000 shares. The net offer to the public is 26,56,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,28,000 (50.00%) allocated to NII 13,28,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,28,000 | 50.00% | 47.43% |
| Retail Shares Offered | 13,28,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.14% | |
| Total Shares Offered | 28,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Incorporated in 1992, ASL Industries Ltd is engaged in the business of manufacturing of forged products and press shop for Sheet Metal, Light & Medium Fabrication, Forging and Machined Components, specializing in Assemblies & Sub-Asemblie. Their products have varied applications and are used in various industries like railway, defense and automobile.
ASL's existing unit has a machine shop for the rough & finish machining of components, heat treatment facilities, in-house die making facilities, CNC & VMC horizontal and vertical centres, light, medium & heavy fabrication, assembly and sheet metal press shop. They provide metal forming to assembly under one roof along with logistics and just-in-time solutions. They manufactures both standardized as well as customized products as per customer demand and requirement.
They are OEMs to many Automobiles Companies like Tata Motors Ltd, York Transport Equipment India Ltd – Pune, Jost India Auto component Pvt Ltd etc and Other Engineering Companies like Tata Steel, and also registered with ICF, DGS&D and DGOS.
| 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 | Funding working capital requirements of the Company | 8.60 |
| 2 | General Corporate Expenses | 0.85 |
| 3 | Issue Expenses | 0.35 |
The ASL Industries IPO is subscribed [.] times on April 7, 2017 5:00:00 PM (Day 5). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of underwriting fees, selling commissions, brokerages, and payment to other intermediaries such as legal advisors, registrars and other out of pocket expenses etc. | 0.29 |
| 2 | Regulatory Fees | 0.02 |
| 3 | Other Expenses (printing, stationery, advertisement, auditor fees, postage etc.) | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹33.10 |
| Low | ₹32.00 |
| High | ₹36.00 |
| Last Trade | ₹35.05 |
Lead Manager Reports
ASL Industries IPO is a SME IPO of 28,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Mar 31, 2017, and closes on Fri, Apr 7, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in ASL Industries IPO using UPI as a payment gateway. Zerodha customers can apply in ASL Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ASL Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ASL Industries IPO opens on Fri, Mar 31, 2017 and closes on Fri, Apr 7, 2017.
ASL Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in ASL Industries 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 ASL Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the ASL Industries IPO allotment status.
The ASL Industries IPO listing date is on Tue, Apr 18, 2017.
