Business Standard

Ankit Metal & Power Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

42.84 cr

Price Range (₹)

36

Lot Size

190

Min Investment (₹)

6,840.00

Listing Exchange

Mumbai

Open Date

18-Jun-2007

Close Date

22-Jun-2007

Listing Date

10-Jul-2007

Ankit Metal & Power Ltd News

    The Shares of Ankit Metal & Power Ltd have now been listed.

    Ankit Metal & Power Ltd IPO Details

    Public issue of 1,19,00,000 equity shares of Rs.10/- each for cash at a price of Rs.36/- per equity share (including a share premium of Rs.26/- per equity share) aggregating Rs.42.84 Crores by Ankit Metal & Power Limited (the company or issuer or AMPL) (hereinafter referred to as the issue) comprising of promoters' contribution of 23,10,000 equity shares of face value of Rs.10/- (hereinafter reffered to as the promoters' contribution), 11,90,000 equity shares of face value of Rs.10/- reserved for the employees of the company (hereinafter reffered to as the employees reseration portion) and a net offer to the public of 84,00,000 equity shares of Rs.10/- each (hereinafter referred to as the net offer to the public.) Of which 8,40,000 equity shares being 10% of the net offer to the public to be compulsorily alloted to QIBs. The net offer to the public would constitute 25.55 % of the fully diluted post issue paid up capital of the company.Issue Price Rs.36/- per equity shares of face value Rs.10/-The issue price is 3.6 times the face value The project has a participation of Rs.60.00 Crores as terms loans fromconsortium of banks.

    Objective of issue

    To Part Finance the integrated Steel Plant. To utilise funds for General Corporate Purposes.

    Ankit Metal & Power Ltd Contact Details

    Ankit Metal & Power Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - cs@ankitmetal.com

    Website - www.ankitmetal.com