Austral Coke & Projects IPO
Austral Coke & Projects IPO — date, price band, lot size & details 2008
Austral Coke & Projects listed on 4 Sep 2008 at ₹201.4, 2.8% above the ₹196 issue price.
Austral Coke and Projects is a Kolkata based maker of low ash metallurgical (LAM) coke and refractories, which also traded textiles and rented out construction machinery. Its total income was Rs 190.31 crore in FY2007.
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 13 November.
- Open 07 Aug 2008
- Close 13 Aug 2008
- Allotment 22 Aug 2008
- Refund/credit TBA
- Listing 04 Sep 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 13 Aug, 2008 |
|---|---|
| Price Band | ₹164 – ₹196 |
| Face Value | ₹10 |
| Lot Size | 34 Shares |
| Issue Size | ₹142.3 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,664 |
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 34 shares at the ₹196 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 34 | ₹6,664 |
| Retail (max) | 30 | 1,020 | ₹1,99,920 |
| S-HNI (min) | 31 | 1,054 | ₹2,06,584 |
| S-HNI (max) | 150 | 5,100 | ₹9,99,600 |
| B-HNI (min) | 151 | 5,134 | ₹10,06,264 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 43.22 crore in FY2005 to Rs 190.31 crore in FY2007, and was Rs 273.95 crore in eleven months to February 2008.
- 02Profit after tax rose from Rs 9.15 crore in FY2007 to Rs 35.17 crore in eleven months to February 2008.
- 03Net worth rose from Rs 10.05 crore in FY2005 to Rs 184.14 crore in February 2008.
- 04Rs 78.12 crore was for a 1,50,000 MTPA LAM coke unit.
Risks · 5
- 01Profit was small until recently, only Rs 1.28 crore in FY2005.
- 02Coke prices follow coking coal and steel prices, which swing widely; expenditure was Rs 176.58 crore in FY2007.
- 03Rs 40.00 crore of the issue was for buying coal mines in India or abroad, not yet identified.
- 04Rs 44.57 crore was set aside for general corporate purposes; return on net worth was 10.85%.
- 05Promoter holding fell from 87.41% before the issue to 65.56% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Austral Coke & Projects offer document.
| Metric | 29 Feb 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Assets | 435.62 | 207.02 | 121.11 | 40.66 |
| Total Income | 273.95 | 190.31 | 128.11 | 43.22 |
| Profit After Tax | 35.17 | 9.15 | 2.02 | 1.28 |
| NET Worth | 184.14 | 84.35 | 39.67 | 10.05 |
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 Austral Coke & Projects RHP.
Where the money goes
₹196.00 Cr of the issue is earmarked to named objects.
About the company
Its main activity is making LAM coke and refractories.
It also traded textiles and rented construction and earthmoving machines to construction companies.
The IPO was Rs 142.3 crore and was entirely a fresh issue at Rs 196, the top of the Rs 164 to Rs 196 band. The money was for a 1,50,000 MTPA LAM coke unit, a captive power plant and buying coal mines.
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.
Austral Coke & Projects 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.
Saffron Capital Advisors Pvt. Ltd
9 issues handledBest listing: DCX Systems (+38.6%). Weakest: Udayshivakumar Infra (-14.3%).
Allahabad Bank
4 issues handledBest listing: Pochiraju Industries (+50.3%). Weakest: Niraj Cement Structurals (-2.6%).
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 Austral Coke & Projects?
The current Grey Market Premium is ₹0.
What is the Austral Coke & Projects IPO price band?
₹164 to ₹196, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 August 2008, with listing on 4 September 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private 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.
