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Ashoka Metcast IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 12.00 Cr. The company is based in Ahmedabad and caters to Oil And Gas sector. Aryaman Financial Services is the merchant banker of Ashoka Metcast IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th December 2017.
Ashoka Metcast IPO open date is 23rd January 2018 and close date is 25th January 2018. IPO Allotment Date is 30th November -0001 and Listing date is 5th February 2018.
IPO
Size:
₹ 12.00 Cr.
Avg IPO Size (Sector Based)
: ₹
18.75 cr.
Sector: Oil And Gas
SME
IPO so far:
5
Merchant Banker:
Aryaman Financial
SME
IPO by BRLM so far:
87
City:
Ahmedabad
SME
IPO so far:
180
Revenue (annualised):
₹
0.10
cr. 
PE
Ratio:
26.00x
Average Sector PE Ratio: 25.25x
Ashoka Metcast IPO size is ₹ 12.00 Cr. with IPO price of ₹ 20.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Aryaman Financial Services Limited is the book-running lead manager of the Ashoka Metcast IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Aryaman Capital Markets Limited for Ashoka Metcast IPO.
Ashoka Metcast IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Ashoka Metcast IPO, based in Ahmedabad, operates in the Oil And Gas sector with a focus on business of Oil & Gas exploration. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Ashoka Metcast IPO size is ₹ 12.00 Cr. with fresh issue size of ₹ 12.00 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Ashoka Metcast IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Ashoka Metcast IPO allotment status on the registrars website, Bigshare Services Private Limited . Ashoka Metcast IPO refund dates are 30th November -0001.
Ashoka Metcast IPO is expected to be listed on 5th February 2018.
The upper price band for the Ashoka Metcast IPO is set at ₹ 20.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Ashoka Metcast IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Ashoka Metcast IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 25th January 2018. After submission, funds are blocked until the basis of allotment of Ashoka Metcast IPO is finalised.
The merchant banker for Ashoka Metcast IPO is Aryaman Financial Services Limited . Aryaman Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Ashoka Metcast IPO RHP for further details.
The registrar for Ashoka Metcast IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Ashoka Metcast IPO through their official website or helpline.
Ashoka Metcast IPO was subscribed 1.57 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 12.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 18.75 Cr.
Sector: Oil And Gas
SME
IPO so far:
5
Merchant Banker:
Aryaman Financial
SME
IPO by BRLM so far:
87
City:
Ahmedabad
SME
IPO so far:
180
Revenue (annualised):
₹ 9.78 cr.
PE
Ratio:
26.00x
Average Sector PE Ratio: 25.25x
Ashoka Metcast IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ashoka Metcast Financial Review Page
Merchant Banker(s) of Ashoka Metcast IPO: Aryaman Financial Services Limited
Ashoka Metcast IPO subscription was 1.57 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Ashoka Metcast IPO listed at a listing price of 16.00 against the offer price of 20.00.
The current market price of Ashoka Metcast is 17.13.
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