Austral Coke & Projects Limited | |
Period | 07-Aug to 13-Aug 2008 |
Size (Equity Shares) | 7260000 |
Type | 100% Book Built Issue (Initial Public Offer IPO) |
Face Value | Rs. 10- |
Price Range | Rs 164 to Rs 196 |
Market Lot | 34 |
Max shares Retails investor can apply at cut off | 510 |
Registrar | Intime Spectrum Registry Ltd |
Registrar's email | austral.ipo@intimespectrum.com) |
Lead Manager | Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd |
Listing | BSE, NSE |
Grading |
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About the company | |
Incorporated: 1994 Business:Manufacture and sale of low ash metallurgical coke and refactory in India. LAM Coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron or into hot metal in steel, foundries, zinc smelters, cement and Ferro alloy industries. Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects. Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY'09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral. | |
Objects of the Issue | |
# Setting up of 1,50,000 MTPA of LAM Coke plant; # Captive Power plant of 8 MW; # Acquire prospecting Mining Licenses in India / internationally; # Prepayment of High cost debt; # General Corporate Purposes; # Expenses related to Fresh Issue. |
August 7, 2008
Austral Coke & Projects Limited - IPO
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