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Issue Open Date
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24-Sep-10
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Issue Closing Date
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28-Sep-10
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Application Money
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100
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Allotment Money
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Price Band
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297
-
324
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Minimium Application No.
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21
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Issue Size (Shares)
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6944444
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Market Lot
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1
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Objective
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The Company intends to utilise the Issue Proceeds, after deducting the underwriting and issue managementfees, selling commissions and other expenses associated with the Issue (the “Net Proceeds”) for thefollowing objects: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; and6. To achieve the benefits of listing our Equity Shares.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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753788
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10483284
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13.9074700048289
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Qualified Institutional Buyers
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3165909
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80792565
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25.5195474664622
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Retail Individual Investors
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3165909
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80792565
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25.5195474664622
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Business Description:
We build and operate roads and bridges in India on a build, operate and transfer (“BOT”) basis. Webelieve we currently operate one of the highest number of toll-based BOT projects in India. In addition, toBOT projects, we also (1) engineer and design, procure the raw materials and equipment for and constructroads, bridges, distribution transformers, electricity substations, commercial buildings, industrial buildingsand institutional buildings, for third parties as well as perform maintenance for third parties, (2)manufacture and sell ready-mix concrete (“RMC”) and bitumen, (3) collect tolls on roads and bridgesowned and constructed by third parties.Our business is organised into four divisions:• the BOT division;• the engineering, procurement and construction (“EPC”) division;• the RMC and bitumen division; and• the toll collection contract division.We can trace our origins back to 1976. Prior to fiscal 1997, we were engaged solely in the engineering andconstruction of residential, commercial, industrial and institutional buildings. In fiscal 1997, havingacquired EPC skills, we also turned our attention to bidding for contracts for toll roads and toll bridges on aBOT basis. We were awarded our first BOT project, the Dhule bypass in Maharashtra, in fiscal 1997 andcompleted the construction of the road in the same fiscal year. In fiscal 2000 we began manufacturingRMC solely for use by our EPC division. In fiscal 2002 we began to manufacture RMC to sell to thirdparties as well as for use by our EPC division. In fiscal 2005 we began processing bitumen to a highergrade at our facility in Pune for use in road projects. Having developed systems and procedures forcollecting tolls on our BOT projects, including developing our own proprietary computerised toll revenueauditing system, we tendered for and were awarded our first contract to collect the tolls on a road ownedand constructed by a third party. In fiscal 2009, we began undertaking EPC work in the power sector whenwe were awarded a contract by Maharashtra State Electricity Distribution Company Limited for, amongother things, the construction and commissioning of sub-transmission lines, distribution lines, powertransformers and new sub-stations. In September 2008, we entered into agreements for constructing anddeveloping two shopping malls on a BOT basis.Our head office is in Nashik, Maharashtra and our operations currently reach across the states ofMaharashtra, Madhya Pradesh, Chhattisgarh and Rajasthan. In the past, we have also undertaken work inGujarat, Goa and Tamil Nadu, Uttaranchal, the National Capital Territory of Delhi and the union territoriesof Dadra and Nagar Haveli and Daman and Diu.
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Promoter's Holding
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Total Share Capital
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45691702
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Offered to Public
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6944444
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Promoter's Holding (Pre-Issue)
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84.38
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Promoter's Holding (Post-Issue)
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73.25
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Address |
S . No . 861
Ashoka House
Ashoka Marg
Vadala
Nashik
,
Maharashtra
,
422011
Phone :
0253-6633705
Email :
investors@ashokabuildcon.com
Website :
www.ashokabuildcon.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Enam Securities Pvt Ltd
IDFC-SSKI Pvt Ltd
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Promoters |
Aditya S. Parakh
Ashish A. Katariya
Ashok M. Katariya
Satish D. Parakh
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