Ashoka Buildcon Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,145,833 (60%) | — | ₹13,433 Cr |
| NII (HNI) | — | 690,972 (10%) | — | ₹224 Cr |
| Retail | — | 2,072,917 (30%) | — | ₹6,716 Cr |
| Employee | — | 34,722 (1%) | — | ₹11 Cr |
| Σ Total | — | 6,944,444 (100%) | — | ₹225,000 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 | 21 | ₹6,804 |
| Retail (Max) | 13 | 273 | ₹88,452 |
| S-HNI (Min) | 14 | 294 | ₹95,256 |
| B-HNI (Min) | 67 | 1,407 | ₹455,868 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 756 | 342 | 371 |
| Profit After Tax | 48 | 22 | 15 |
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 capital equipment – 14.00
- 2 To meet working capital requirements. – 45.00
- 3 Prepayment/ repayment of project loans of the Company – 55.00
- 4 General corporate purposes. – 19.40
- 5 Funding certain Subsidiaries for prepayment/ repayment of their loans – 60.00
- 6 Issue Expenses – 20.60
Company Overview
Incorporated in 1993, Ashoka Buildcon Limited is a Nashik, Maharashtra based construction company involve in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India.
Company is also involve in engineering, designing and maintenance of roads, bridges, electricity substations, commercial buildings and industrial buildings for third parties. Other businesses of the company includes manufacture and sell ready-mix concrete and bitumen and collect tolls on roads and bridges owned and constructed by third parties.
Ashoka Buildcon has 4 business divisions:
1. BOT Division, which operates or have an interest in 21 BOT road projects across India.
2. EPC Division, which is involve in activities like engineering, design, maintenance and repair of infrastructure projects for third parties.
3. RMC and Bitumen Division, which sells ready-mix concrete and bitumen.
4. Toll Collection Contract Division, which collects toll on roads/bridges owned and constructed by third parties.