How many shares will be sold through the Austral Coke IPO?
A total of 7.26 million shares will be sold through the Austral Coke IPO. The net issue would constitute 27.72% of the post issue paid-up capital of the company.
What is the price band of Austral Coke IPO?
The face value of Austral Coke IPO shares is set at the standard Rs. 10. The price band of Austral Coke IPO shares is set between Rs. 164 to Rs. 196 and the final price will be decided througha 100% book building process.
What are the IPO dates for Austral Coke IPO?
The Austral Coke IPO will open for subscription on date 7th August 2008 till 13th August 2008.
Is there a green shoe option available for Austral Coke IPO?
Yes. the company is also offering green shoe option of up to Rs 10.89 million equity shares which will constitute 25% of the fully diluted post issue capital.
Related: Resurgere Mines & Minerals IPO
What is the business of Austral Coke IPO?
Austral Coke is mainly manufacturing low ash metallurgical coke. It is also in the business of equipment rental, refractory and textile trading.
The company is also proposing to get into the Power Plant Business.
Where will the Austral Coke IPO proceeds be used?
The company plans to use the IPO proceeds to finance its expansion. It is planning a 150,000 tonne per annum LAM coke unit and an 8 mw captive power plant through waste heat recovery. The project is coming up at Sindhudurg in Maharashtra.
Apart from this, the company also plans to utilize the funds for acquiring coal mines either in Indian or abroad and retire high cost debt.
Where will the Austral Coke IPO shares be listed?
The equity shares are proposed to be listed on Bombay Stock Exchange of India (BSE) and National Stock Exchange (NSE).
Allbank Finance, Prabhudas Lialladher, Saffron Capital Advisors and Ellara Capital (India) are the lead managers or book running lead managers for the Austral Coke IPO issue.
4 comments:
one should not miss this ipo of austral coke. my personal experience says it that this company will surely give you good returns.Gremach its flagship company had come with its ipo in 2007 and i had booked decent profits.
the issue opens from 7th aug till 13th aug.....do invest
i have been reading this news that austral coke is coming with its ipo from 7th aug till 13th aug.looking at the profile i am really impressed as this ipo looks good.the company surely has a strong background as Gremach, its flagship company is fundamentally a strong company. i think its not bad and one could really think of investing in this upcoming ipo.
I agree with greeta coz i hav also heard about Austral acquiring coal mines in mozambique, which is a great achievment;cos. they are securing their raw material supply which is scarce and heavily priced in market..so I m also looking forward for this issue which is an interesing one.
Investment in Austral provides an opportunity to partner with an emerging player in the high growth industry of LAM Coke, which has grown at a CAGR of 12% from 409MM tons in CY’04 to over 582MM tons in CY’08 and is expected to grow by more than 15% for next 3-4 years. Austral which has a production capacity of 375,000 MTPA is aggressively working on to take it to 525,000 by end of FY’09. With its robust business model it has witnessed revenue CAGR of over 80% for FY’05 to FY’08 with EBITDA margins improving from 7.6% in FY’05 to 32.8% in FY’08. With EPS CAGR of more than 150%, Austral’s IPO provides value investing opportunity for the investors
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