Adhunik Metaliks IPO
Adhunik Metaliks IPO — date, price band, lot size & details 2006
Adhunik Metaliks listed on 5 Apr 2006 at ₹45, 21.6% above the ₹37 issue price.
Adhunik Metaliks makes alloy, special and construction steel at a plant in Sundergarh, Orissa, close to ore and coal sources. Its total income was Rs 130.35 crore in FY2005.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 13 Mar 2006
- Close 17 Mar 2006
- Allotment TBA
- Refund/credit TBA
- Listing 05 Apr 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 17 Mar, 2006 |
|---|---|
| Price Band | ₹37 – ₹42 |
| Face Value | ₹10 |
| Lot Size | 150 Shares |
| Issue Size | ₹100 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,550 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 150 shares at the ₹37 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹5,550 |
| Retail (max) | 36 | 5,400 | ₹1,99,800 |
| S-HNI (min) | 37 | 5,550 | ₹2,05,350 |
| S-HNI (max) | 180 | 27,000 | ₹9,99,000 |
| B-HNI (min) | 181 | 27,150 | ₹10,04,550 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 35.75 crore in FY2004 to Rs 130.35 crore in FY2005, and was Rs 240.45 crore in nine months to December 2005.
- 02Profit after tax rose from Rs 4.11 crore in FY2004 to Rs 16.81 crore in nine months to December 2005.
- 03Net worth rose from Rs 27.14 crore in FY2004 to Rs 117.53 crore in December 2005.
- 04It had been allotted captive coal mines and sat close to ore sources, with 2 key raw materials nearby.
Risks · 5
- 01It had advanced Rs 176.11 Lacs to promoters and related parties at 31 December 2005.
- 02Over 80% of its employees were hired through contractors.
- 03Steel prices are cyclical; it had no income before FY2004.
- 04Total assets grew fast to Rs 452.67 crore, and the issue was priced at Rs 37, the bottom of its band.
- 05Promoter holding fell from 90.96% before the issue to 64.01% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Adhunik Metaliks offer document.
| Metric | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|---|
| Assets | 452.67 | 203.09 | 67.39 | 18.19 | 1.12 |
| Total Income | 240.45 | 130.35 | 35.75 | 0.00 | 0.00 |
| Profit After Tax | 16.81 | 7.10 | 4.11 | 0.00 | 0.00 |
| NET Worth | 117.53 | 77.49 | 27.14 | 9.74 | 1.11 |
| Reserves and Surplus | 53.41 | 18.00 | 4.12 | 8.56 | 0.98 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Adhunik Metaliks RHP.
Where the money goes
₹437.36 Cr of the issue is earmarked to named objects.
About the company
It makes alloy and non-alloy steel products at its plant in Sundergarh, Orissa, near major sources of ore and coal.
It had agreements for power and industrial gases, had been allotted captive coal mines by the Government of Orissa, and employed over 80% of its workers through contractors.
The IPO was Rs 100 crore and was entirely a fresh issue at Rs 37, the bottom of the Rs 37 to Rs 42 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Adhunik Metaliks IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Microsec Capital Ltd
7 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Adhunik Metaliks?
The current Grey Market Premium is ₹0.
What is the Adhunik Metaliks IPO price band?
₹37 to ₹42, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 5 April 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
