ARSS Infrastructure Projects Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,373,333 (60%) | — | ₹6,180 Cr |
| NII (HNI) | — | 228,888 (10%) | — | ₹1,030 Cr |
| Retail | — | 686,667 (30%) | — | ₹3,090 Cr |
| Σ Total | — | 2,288,888 (100%) | — | ₹103,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,750 |
| Retail (Max) | 13 | 195 | ₹87,750 |
| S-HNI (Min) | 14 | 210 | ₹94,500 |
| B-HNI (Min) | 67 | 1,005 | ₹452,250 |
Financial Statements Amount in Lakhs
| Metric | 30-Jun-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 22,555 | 62,823 | 31,542 |
| Profit After Tax | 1,890 | 5,119 | 2,684 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Investment in joint ventures. – 5.000
- 2 Funding long term working capital requirements – 86.000
- 3 General corporate purpose – 3.721
- 4 Public issue expenses – 8.279
Company Overview
Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS have completed around 200 km rail line and about 300 km of roads and highways.
ARSS Infrastructure has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.
Some of the important projects being currently executed by ARSS on standalone / joint venture basis are as follows:
1. Construction, rehabilitation and widening of Cuttack - Paradeep road, Orissa, for a contract value of Rs. 20,826.77 lacs.
2. Construction of Roadbed including Major and Nior Bridges, Facilities and General Electrification in connection with construction of New BG line between Haridaspur and Paradeep in East Coast Railway in the State of Orissa, for a contract value of Rs. 10,096.66 lacs.
3. JSPL, Angul Project-Work Order for execution of Rail Infrastructure Work of Rs.26,100.00 lacs
4. Construction of new broad gauge line, bridges, earthwork cuttings, road over bridges, road under bridges and sub ways between Salem-Karur, Chennai. The contract value for the project is Rs. 5,139.05 lacs.
5. Construction of Kaushilia Dam and appurtenant works in panchkula district of Rs. 11299.19 lacs.