ASL Industries IPO

ASL Industries IPO

ASL Industries IPO

ASL Industries IPOASL Industries is engaged in the business of manufacturing of forged products and press shop for sheet metal products. Its products have varied applications and are used in various industries like railway, defense, and automobile. Its existing unit has 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. The company provides one stop solution from metal forming to assembly under one roof along with logistics and just-in-time solutions. Its flexible manufacturing infrastructure enables it to extend the product range and change product mix as per customer demand and requirement.

ASL Industries’ existing manufacturing unit is located at Jamshedpur, Jharkhand. The company has in house machine facilities in order to serve a flawless range of products. The company is ISO 14001: 2015 and has obtained OHSAS 18001:2007 certifications for adhering to global standards in occupational health and safety management. It is also certified by Bureau Veritas Certification for ISO/TS 16949:2009 for pressed, fabricated, machined and assembled components from sheet metals and forgings. Its client base includes manufacturers like TATA Motors, Bridge & Roof Co India Ltd., Titagarh Wagons Ltd.

Promoters of ASL Industries – Dilip Kumar Goyal, Jayshree Goyal, Akshay Goyal and Ankit Goyal

ASL Industries IPO details

Subscription Dates31 Mar - 7 Apr 2017
IPO Price bandINR35 per share
Fresh issue 2,800,000 shares (INR9.8 crore)
Offer for sale Nil
Total IPO size2,800,000 shares (INR9.8 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge platform

 

ASL Industries' financial performance (in INR crore)

 FY2012FY2013FY2014FY2015FY20166M FY2017
Total revenue53.140.731.445.056.128.3
Total expenses52.341.732.544.955.528.0
Profit after tax0.5-0.7-0.8-0.10.40.1

ASL Industries IPO Subscription Details

Day

Subscription (no. of times)

Day 1 0.01
Day 2 0.05
Day 3 0.32
Day 4 0.86
Day 5 2.46

ASL Industries Contact Details

ASL Industries Limited
C-54, Phase IV, Adityapur Industrial Area
Gamharia, Jamshedpur - 832 108

Phone: +91 657 6571 890
Email: [email protected]
Website: www.aslindustries.in

Valuation of ASL Industries IPO (based on latest FY)

Earnings Per Share (EPS): INR0.58

Price/Earnings (P/E) ratio: 60.34

Return on Net Worth (RONW): 1.74%

Net Asset Value (NAV): INR33.61 per share

Registrar of ASL Industries IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
+91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

ASL Industries IPO Allotment Status

ASL Industries IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

LISTING PERFORMANCE OF ASL Industries IPO

IPO Opening Date: 31 March 2017

IPO Closing Date: 7 April 2017

Listing Date: 18 April 2017

Listing Price on NSE SME: INR33.1 per share (down 5.4% from IPO price)

Closing Price on NSE SME: INR35.05 per share (up 0.1% from IPO price)

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