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Issue Open Date
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31-Mar-17
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Issue Closing Date
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07-Apr-17
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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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35
-
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Minimium Application No.
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4000
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Issue Size (Shares)
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2800000
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Market Lot
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1
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Objective
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Objects of the IssueThe Issue Proceeds from this issue will be utilised towards the following objects:1. Funding working capital requirements of the Company;2.General Corporate Expenses3. Issue Expenses
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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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2676000
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
Our Company was originally formed as a partnership firm constituted under the Indian Partnership Act, 1932 on September01, 1983 under the name Ajanta Industries. Ajanta Industries was thereafter converted from a partnership firm to a privatelimited company under Part IX of the Companies Act, 1956 as Ajanta Composite Private Limited and a certificate ofincorporation was issued by the Registrar of Companies, Bihar (“RoC”) on February 20, 1992. The name of our Companywas changed to ASL Industries Private Limited and a fresh certificate of incorporation consequent upon change of name wasissued by the RoC Bihar & Jharkhand on January 22, 2003. Pursuant to an order passed by the Company Law Board, EasternRegion Bench, Kolkata bearing order dated August 04, 2004, the registered office of our Company was shifted from state ofJharkhand to West Bengal on September 23, 2004. Subsequently our Company was converted into public limited Companypursuat to shareholders resolution passed at the Extra-Ordinary General Meeting held on February 26, 2016 and the name ofour Company was changed to ASL Industries Limited. A fresh certificate of incorporation consequent upon conversion topublic limited Company was issued by the RoC on March 15, 2016.Our Company is engaged in the business of manufacturing of forged products and press shop for sheet metal products. Ourproducts have varied applications and are used in various industries like railway, defense, and automobile. Our existing unithas a machine shop for the rough & finish machining of components, heat treatment facilities, in-house die making facilities,CNC & VMC horizontal and vertical centres, light, medium & heavy fabrication, assembly and sheet metal press shop. Weprovide one stop solution from metal forming to assembly under one roof along with logistics and just-in-time solutions. Weare capable of manufacturing both standardized as well as customized products. Our flexible manufacturing infrastructureenables us to extend our product range and change our product mix as per customer demand and requirement.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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Address |
1st Floor
7 B Punwani Chambers
Kiran Shankar Roy Road
Kolkata
,
West Bengal
,
700001
Phone :
033 22480150
Email :
cs@aslindustries.in
Website :
www.aslindustries.in
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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NSE
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Lead Manager |
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Guiness Corporate Advisors Pvt Ltd. (Formerly Known As Guiness Merchant Bankers Pvt Ltd)
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Promoters |
Akshay Goyal
Ankit Goyal
Dilip Kumar Goyal
Jayshree Goyal
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