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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Investment in capital equipment | ₹14 |
| 2 To meet working capital requirements. | ₹45 |
| 3 Prepayment/ repayment of project loans of the Company | ₹55 |
| 4 General corporate purposes. | ₹19 |
| 5 Funding certain Subsidiaries for prepayment/ repayment of their loans | ₹60 |
| 6 Issue Expenses | ₹21 |
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 756 | 342 | 371 |
| PAT | 48 | 22 | 15 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 4,145,833 (60%) | — |
| NII / HNI | — | 690,972 (10%) | — |
| Retail (RII) | — | 2,072,917 (30%) | — |
| Employee | — | 34,722 (1%) | — |
| Total | — | 6,944,444 (100%) | — |
* Amount calculated at upper price band (₹324) · ** Total includes all investor categories
- Retail allocation is moderate at 30% of the total offering.
- HNI/NII demand is moderate at 10%.
- Institutional (QIB) interest is strong at 60%.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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