Ashoka Buildcon IPO, Review, IPO Performance by IPOPlatform India

About Ashoka Buildcon

Company Information

Ashoka Buildcon Limited builds and operates roads and bridges in India on a Build, Operate, and Transfer (BOT) basis, and it currently operates one of the highest numbers of toll-based BOT projects in the country. Apart from BOT projects, the company is also engaged in several other activities, including (i) engineering, designing, procuring raw materials and equipment, and constructing roads, bridges, commercial, industrial, and institutional buildings for third parties; (ii) manufacturing and selling ready-mix concrete (RMC) and bitumen; and (iii) collecting tolls on roads and bridges that are owned and constructed by third parties. The company is organized into four main divisions: the BOT division, the engineering, procurement, and construction (EPC) division, the RMC and bitumen division, and the toll collection contract division. Tracing its

Object of Issue

Investment in capital equipment
To 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 their Equity Shares

Ashoka Buildcon MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Oct, 2010

IPO Size :

225.00 Cr.

IPO Subscription :

15.94 X

PE Multiple :

18.69

Merchant Banker :
Axis Capital Limited

IPO Registrar:
Link Intime India Private Limited

FAQs

1. What is Ashoka Buildcon IPO?

Ashoka Buildcon operates in Infrastructure and Infrastructure. The Issue is listed on MainBoard in Oct, 2010. Ashoka Buildcon IPO size was 225.00 Cr. with Issue price of 324.00 .

2. Who is the merchant banker of Ashoka Buildcon IPO?

Merchant Banker(s) of Ashoka Buildcon IPO: Axis Capital Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , Motilal Oswal Investment Advisors Limited

3. How many times Ashoka Buildcon IPO was subscribed?

Ashoka Buildcon IPO subscription was 15.94 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.

4. What is the listing price of Ashoka Buildcon IPO?

Ashoka Buildcon IPO listed at a listing price of 333.35 against the offer price of 324.00.

5. What is the current market price of Ashoka Buildcon IPO?

The current market price of Ashoka Buildcon is 285.25.