Ashoka Metcast Ltd IPO

IPO Synopsis

Public issue of 60,00,000 equity shares of Rs. 10/- each (equity shares) of Ashoka Metcast Limited (AML or the company) for cash at a price of Rs. 20 per share (the issue price), aggregating to Rs. 12.00 crores (the issue), of which 3,12,000 equity shares of Rs. 10 each will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 56,88,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 56.02% and 53.10%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 and the issue price is 2 times of the face value.