Aanchal Ispat Ltd IPO

Closed

IPO Subscription Details

  • Open Date 24 Nov
  • Close Date 26 Nov
  • Lot Size 6000
  • IPO Size ₹ 16.01 Cr
  • IPO Price Range ₹ 20
  • Min Investment ₹ 120000

IPO Synopsis

Public issue of 80,04,000 equity shares of face value of Rs. 10 each (equity shares) of Aanchal Ispat Limited (the company or the issuer) for cash at a price of Rs. 20 per equity share, including a share premium of Rs. 10 per equity share (the issue price), aggregating Rs. 16.01 crores (the issue), of which 4,08,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating Rs. 0.82 crores will be reserved for subscription by the market makers to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of 75,96,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 20 per equity share, aggregating Rs. 15.19 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 38.38% and 36.43% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 each and the issue price of Rs. 20 is 2 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Aanchal Ispat Ltd IPO

Contact Information

Address

Mouza-Chamrail,
National HighWay-6 Laiuah,
Howrah, West Bengal 711114

Aanchal Ispat Ltd IPO Lead Manager

Inventure Merchant Banker Services Pvt Ltd