Nelcast IPO
Nelcast IPO — date, price band, lot size & details 2007
Nelcast listed on 27 Jun 2007 at ₹252, 15.1% above the ₹219 issue price.
Nelcast makes grey iron and ductile iron castings for truck and tractor makers at plants in Gudur, Andhra Pradesh, and Ponneri, Tamil Nadu. Its consolidated total income was Rs 30328.82 lakhs in FY2007.
Stock price
Nelcast is listed — here is the live share price.
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 04 Jun 2007
- Close 08 Jun 2007
- Allotment 20 Jun 2007
- Refund/credit TBA
- Listing 27 Jun 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 4 to 8 Jun, 2007 |
|---|---|
| Price Band | ₹195 – ₹219 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹95.27 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 6,570 |
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 30 shares at the ₹219 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹6,570 |
| Retail (max) | 30 | 900 | ₹1,97,100 |
| S-HNI (min) | 31 | 930 | ₹2,03,670 |
| S-HNI (max) | 152 | 4,560 | ₹9,98,640 |
| B-HNI (min) | 153 | 4,590 | ₹10,05,210 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Consolidated total income rose from Rs 21430.91 lakhs in FY2005 to Rs 30328.82 lakhs in FY2007.
- 02Net profit after tax rose from Rs 705.25 lakhs in FY2006 to Rs 1978.07 lakhs in FY2007.
- 03Net worth rose from Rs 2533.33 lakhs in FY2006 to Rs 4370.94 lakhs in FY2007.
- 04It had made castings since its first plant in 1985.
Risks · 5
- 01Its castings depend on truck and tractor demand, which is cyclical, across its 2 plants.
- 02Pig iron, scrap and coke prices drive its costs for 12,000 MT a year at Ponneri.
- 03Foundries face pollution rules; its plan for 4500 Tons per month needed environmental clearance.
- 04Net profit after tax was only Rs 528.15 lakhs in FY2005.
- 05Promoter and promoter group holding fell from 91.19% before the issue to 68.39% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Nelcast offer document.
| Metric | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Assets | 170.37 | 148.99 | 137.07 | 114.32 |
| Total Income | 303.29 | 237.71 | 214.31 | 137.81 |
| Profit After Tax | 19.77 | 7.02 | 5.29 | 2.45 |
| NET Worth | 43.65 | 25.28 | 21.38 | 18.70 |
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 Nelcast RHP.
Where the money goes
₹95.27 Cr of the issue is earmarked to named objects.
About the company
It set up its first factory at Gudur in 1985 to make 1200 MT a year of iron castings, and in 1996 a factory at Ponneri in Tamil Nadu with capacity of 12,000 MT a year for grey and ductile iron castings.
Its customers include large truck and tractor makers, and it had applied to raise production capacity to 4500 Tons per month.
The IPO was Rs 95.27 crore and was entirely a fresh issue at Rs 219, the top of the Rs 195 to Rs 219 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.
Nelcast 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.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 Nelcast?
The current Grey Market Premium is ₹0.
What is the Nelcast IPO price band?
₹195 to ₹219, on a face value of ₹10.
When is the allotment?
The basis of allotment is 20 June 2007, with listing on 27 June 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services 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.
