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Ashoka Metcast Limited SME IPO Details

Ashoka Metcast Limited is established in 2009 at Ahmedabad Gujrat-based company engaged in trading of structural steel products such as Round Bars, Flat Bars etc. Company is proposing to manufacture structural steel products like TMT bars, angles, channels, MS Bars etc. Ashoka Metcast Limited is part of a diversified business group with business interests in various sectors including Oil and Gas, Steel, Infrastructure, Electronic Equipments and Real Estate. 

Its flagship Group Company - Gujarat Natural Resources Limited is engaged in the business of Oil & Gas exploration and production and currently has participating interests in 6 producing blocks in Cambay basin and is operator in four of these blocks. The company is listed on BSE and has a market capitalization of around 125 corers.
Ashoka Metcast Limited IPO Details
Issue Open 23-01-2018
Issue Close 25-01-2018
Allotment Date 01-02-2018
Unblocked Amount 02-02-2018
Listing Date 05-02-2018
Issue Share 60,00,000 Equity Share
Issue Size ₹ 12.00 Cr
IPO Price Band ₹ 20
Minimum Investment Amount [Rs]  ₹ 1,20,000
Minimum Share Bid 6000
Face Value ₹ 10
Retail Allocation 50%
Listing On BSE SME
Premium [Per Share] NA
Average Earning Per Share NA
Expected Listing Gain 6000
Ashoka Metcast Limited IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 - - -
FY-2014 - - -
FY-2015 - - -
FY-2016 - - -
FY-2017 0.10 0.09 0.01
H1-FY-2018 6.53 6.46 0.08
Ashoka Metcast Limited IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 28,44,000 28,44,000 56,88,000
Day-1 [23-01-2018] 12,06,000 [0.42] 6,00,000 [0.21]18,06,000 [0.32]
Day-2 [24-01-2018] 12,78,000 [0.45] 21,54,000 [0.76] 34,32,000 [0.61]
Day-3 [25-01-2018] 14,40,000 [0.50] 74,82,000 [2.63] 89,22,000 [1.56]
Ashoka Metcast Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 10.67
P/E Ratio 1.87
RoNW 81.95 %
Net Asset Value [NAV] ₹ 0.13
Ashoka Metcast Limited IPO Contact Details
Ashoka Metcast Limited
7th Floor, Ashoka Chambers, Opposite HCG Hospital
Mithakhali Six Roads, Mithakhali
Phone: +91- 79- 2646 3226
Fax: +91- 79- 2646 3226
Registrar of Ashoka Metcast Limited IPO
Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200 
Fax: +91 22 2847 5201
Investor Grievance Email:
Contact Person: Mr. Ashok Shetty
SEBI Registration No.: INR000001385
Lead Managers of Ashoka Metcast Limited IPO
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Fax No.: +91 – 22 – 2263 0434
Investor Grievance Email:
Contact Person: Mr. Vatsal Ganatra
SEBI Registration No. INM000011344
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