Incorporated in 1993, Ashoka Buildcon Limited is a Nashik, Maharashtra based construction company involve in the business of building and operating roads and bridges in India. Ashoka Buildcon is the operator of highest number of toll-based BOT (build, operate and transfer) projects in India.
Company is also involve in engineering, designing and maintenance of roads, bridges, electricity substations, commercial buildings and industrial buildings for third parties. Other businesses of the company includes manufacture and sell ready-mix concrete and bitumen and collect tolls on roads and bridges owned and constructed by third parties.
Ashoka Buildcon has 4 business divisions:
1. BOT Division, which operates or have an interest in 21 BOT road projects across India.
2. EPC Division, which is involve in activities like engineering, design, maintenance and repair of infrastructure projects for third parties.
3. RMC and Bitumen Division, which sells ready-mix concrete and bitumen.
4. Toll Collection Contract Division, which collects toll on roads/bridges owned and constructed by third parties.
Company Promoters:
The companies promoters are:1. Ashok M. Katariya
2. Satish D. Parakh
3. Ashish A. Katariya
4. Aditya S. Parakh
Company Financials:
| Particulars | For the year/period ended (Rs. in Millions) | ||||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |||
| Total Income | 7,560.04 | 3,419.62 | 3,711.61 | 1,797.01 | 1,396.03 | ||
| Profit After Tax (PAT) | 478.03 | 220.49 | 147.38 | 85.89 | 113.46 | ||
Objects of the Issue:
The objects of the issue are:1. Investment in capital equipment;
2. To meet working capital requirements;
3. Prepayment/ repayment of project loans of the Company;
4. Funding certain Subsidiaries for prepayment/ repayment of their loans;
5. General corporate purposes; and
6. To achieve the benefits of listing our Equity Shares.
Issue Detail:
»» Issue Open: Sep 24, 2010 - Sep 28, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 6,944,445 Equity Shares of Rs. 10
»» Issue Size: Rs. 225.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 297 - Rs. 324 Per Equity Share
»» Market Lot: 21 Shares
»» Minimum Order Quantity: 21 Shares
»» Listing At: BSE, NSE
Ashoka Buildcon Limited IPO Grading / Rating
CRISIL has assigned an IPO Grade 4 to Ashoka Buildcon Limited IPO. This grade indicates that the fundamentals of the IPO are 'Above Average' relative to other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
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Ashoka Buildcon Limited IPO Tags:
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