IPO Synopsis
| Ankit Metal & Power Ltd |
|---|
| Registered Office: 35 Chittranjan Avenue,,Kolkata-700012, West Bengal |
| Tel. No: 91-33-2211 0225/0226 |
| Fax No: NA |
| Email: cs@ankitmetal.com |
| Website: www.ankitmetal.com |
| 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 from consortium of banks. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 18-Jun-2007 | 22-Jun-2007 | ₹36.00 - 0.00 | |
| Minimum Application for shares in Nos : 190.0 | Further Multiples of :190.0 |
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| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 0.00 | Chartered Capital and Investment Ltd |
| Project Financed through Current Offer | 42.84 | |
| Post Issue Equity Share Capital | 32.88 | |
| Issue Price | 36.00 |
| Projects |
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| To Part Finance the integrated Steel Plant |
| To utilise funds for General Corporate Purposes |
| Promoted By |
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| Suresh Kumar Patni |
| Sarita Patni |
| Rohit Patni |
| Listing At |
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| BSE |
| Registrar To The Issue |
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