Bookbuilding IPO | ₹142 Cr | Listed at BSE, NSE | Thu, Aug 7, 2008 - Wed, Aug 13, 2008
Austral Coke IPO is a book build issue of ₹142.30 crores. The issue is entirely a fresh issue of 0.73 crore shares of ₹142.30 crore.
Austral Coke IPO bidding started from Aug 7, 2008 and ended on Aug 13, 2008. The shares got listed on BSE, NSE on Sep 4, 2008.
Austral Coke IPO price band is set at ₹196 per share. The lot size for an application is 34. The minimum amount of investment required by an retail is ₹6,664 (34 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,054 shares), amounting to ₹2,06,584, and for bNII, it is 151 lots (5,134 shares), amounting to ₹10,06,264.
Allahabad Bank is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Austral Coke IPO RHP for detailed Information.
IPO Open
Thu, Aug 7, 2008
IPO Close
Wed, Aug 13, 2008
Issue Price
₹196 per share
Market Cap (Pre-IPO)
₹568.98 Cr
| IPO Date | 7 to 13 Aug, 2008 |
| Listed on | Thu, Sep 4, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹164 to ₹196 |
| Issue Price | ₹196 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 72,60,000 shares (agg. up to ₹142 Cr) |
| Fresh Issue | 72,60,000 shares (agg. up to ₹142 Cr) |
| Share Holding Pre Issue | 2,17,69,604 shares |
| Share Holding Post Issue | 2,90,29,604 shares |
| BSE Script Code / NSE Symbol | 533016 / AUSTRAL |
| ISIN | INE455J01019 |
Austral Coke IPO comprises a total issue size of 72,60,000 shares. Out of which, 36,30,000 (50.00%) are allocated to QIB, 10,89,000 (15.00%) allocated to NII 25,41,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 36,30,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 10,89,000 | 15.00% | NA |
| Retail Shares Offered | 25,41,000 | 35.00% | 74,735 |
| Total Shares Offered | 72,60,000 | 100.00% |
Investors can bid for a minimum of 34 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹6,664 |
| Retail (Max) | 30 | 1,020 | ₹1,99,920 |
| S-HNI (Min) | 31 | 1,054 | ₹2,06,584 |
| S-HNI (Max) | 150 | 5,100 | ₹9,99,600 |
| B-HNI (Min) | 151 | 5,134 | ₹10,06,264 |
Incorporated in 1994, Austral Coke & Projects Limited is engaged in the manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries.
Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects.
Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.
| 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 | Captive Power Plant (CPP) | 30.77 |
| 2 | Setting up of 1,50,000 MTPA of Low Ash Metallurgical Coke (LAM Coke) | 78.12 |
| 3 | To acquire coal mines in India / Internationally and to acquire more prospecting mining licenses and also to start mining in acquired licenses, the cost is estimated of US$ 10 million | 40.00 |
| 4 | Prepayment of High Cost debt | 2.54 |
| 5 | General Corporate Purpose | 44.57 |
| KPI | |
|---|---|
| RoNW | 10.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 87.41% | 65.56% |
| Market Cap | ₹568.98 Cr. |
The Austral IPO is subscribed 1.65 times on August 13, 2008 5:00:00 PM (Day 5). The public issue subscribed 0.69 times in the retail category, 0.62 times in the QIB category, and 7.32 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 Fee | 4.61 |
| 2 | Registrars fees | 0.13 |
| 3 | IPO Grading Expenses | 0.08 |
| 4 | Fee for Legal Counsel | 0.02 |
| 5 | Printing and Distribution of Issue Stationery | 0.70 |
| 6 | Advertising and Marketing expenses | 1.42 |
| 7 | Other expenses (stamp duty, initial listing fees, depository fees, charges for using the book building software of the exchanges and other related expenses | 1.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹196.00 | ₹196.00 |
| Open | ₹206.00 | ₹201.40 |
| Low | ₹206.00 | ₹201.40 |
| High | ₹308.80 | ₹324.85 |
| Last Trade | ₹225.20 | ₹225.95 |
Lead Manager Reports
Austral Coke IPO is a main-board IPO of 72,60,000 equity shares of the face value of ₹10 aggregating up to ₹142 Crores. The issue is priced at ₹196 per share. The minimum order quantity is 34.
The IPO opens on Thu, Aug 7, 2008, and closes on Wed, Aug 13, 2008.
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 Austral Coke IPO using UPI as a payment gateway. Zerodha customers can apply in Austral Coke IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Austral Coke IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Austral Coke IPO opens on Thu, Aug 7, 2008 and closes on Wed, Aug 13, 2008.
Austral Coke IPO lot size is 34, and the minimum amount required for application is ₹6,664.
You can apply in Austral Coke 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 Austral Coke IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Austral Coke IPO allotment status.
The Austral Coke IPO listing date is on Thu, Sep 4, 2008.
