Ashoka Buildcon IPO : Listing on 14h Oct 2010

by khalid on 13/10/2010 · 0 comments

Ashoka Buildcon Limited has informed the share market (BSE) that the shares of its recent IPO will list on 14th Oct 2010. The IPO was open between 24th Sep 2010 to 28th Sep 2010. The price band was Rs 297 to Rs 324 and the Issue Price was fixed at the upper level of price band, Rs 324 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs 225.00 crores. Ashoka Buildcon Limited is in the business of construction of roads and bridges in India on build, operate and transfer (BOT) basis. Its business is organised into four divisions – BOT division, engineering, procurement and construction division (EPC), RMC and bitumen division and toll collection contract division.

IPO Listing Detail :-
Listing Date: 14th Oct 2010
BSE Scrip Code : 533271
NSE Symbol : ASHOKA
Listing In : ‘B’ Group of Securities
ISIN : INE442H01011
Issue Price : Rs. 324.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used for investment in capital equipment, meet working capital requirements. prepayment/ repayment of project loans of the Company, funding certain Subsidiaries for prepayment/ repayment of their loans, general corporate purposes and to achieve the benefits of listing in stock market.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Enam Securities Private Limited, IDFC-SSKI Private Limited and Motilal Oswal Investments Advisors Pvt Ltd.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

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