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 Ahmedabad Phone: +91- 79- 2646 3226 Fax: +91- 79- 2646 3226 Email: info@ashokametcast.in Website: http://www.ashokametcast.in/

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 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385

Lead Managers of Ashoka Metcast Limited IPO
ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Maharashtra,India. Tel No.: +91 – 22 – 6216 6999 Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Mr. Vatsal Ganatra SEBI Registration No. INM000011344

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