Ashoka Metcast Ltd - IPO

Ashoka Metcast Ltd IPO Details

Public issue of 60,00,000 equity shares of Rs. 10/- each (equity shares) of Ashoka Metcast Limited (AML or the company) for cash at a price of Rs. 20 per share (the issue price), aggregating to Rs. 12.00 crores (the issue), of which 3,12,000 equity shares of Rs. 10 each will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 56,88,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 56.02% and 53.10%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 and the issue price is 2 times of the face value.

Objective of issue

Investment in subsidiary company - SGRMPL for funding capital expenditure requirements in relation to revival and modernisation of existing manufacturing facility at Kadi, Gujarat and working capital requirements. Repayment of loans. Funding expenditure for general corporate purposes.

Ashoka Metcast Ltd Contact Details

Ashoka Metcast Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@ashokametcast.in

Website - www.ashokametcast.in