Rohit Ferro-Tech IPO
Rohit Ferro-Tech IPO — date, price band, lot size & details 2006
Rohit Ferro-Tech listed on 13 Apr 2006 at ₹32.7, 9% above the ₹30 issue price.
Rohit Ferro-Tech makes ferro alloys such as high carbon ferro chrome at Bishnupur, West Bengal, and was building a new plant in Orissa. Its total income was Rs 142.87 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 07 Mar 2006
- Close 11 Mar 2006
- Allotment 04 Apr 2006
- Refund/credit TBA
- Listing 13 Apr 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 11 Mar, 2006 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 200 Shares |
| Issue Size | ₹50.84 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,000 |
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 200 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 200 | ₹6,000 |
| Retail (max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (min) | 167 | 33,400 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income doubled from Rs 72.01 crore in FY2004 to Rs 142.87 crore in FY2005.
- 02Profit after tax rose from Rs 1.77 crore in FY2003 to Rs 4.57 crore in FY2005.
- 03Net worth rose from Rs 19.11 crore in FY2003 to Rs 36.84 crore in FY2005.
- 04Its promoters ran 2 similar ferro alloy plants in West Bengal.
Risks · 5
- 01Profit after tax was thin at Rs 4.57 crore on income of Rs 142.87 crore in FY2005.
- 02Ferro alloy plants use a lot of power, and steel demand drives prices; total income was Rs 63.74 crore in FY2003.
- 03It had to keep 3 to 6 months of ore and coal stock to guard against supply delays.
- 04A provident fund demand had been raised against it, as disclosed in the prospectus; net worth was Rs 36.84 crore.
- 05Promoter group holding fell from 88.94% before the issue to 60.61% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Rohit Ferro-Tech offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | 142.87 | 72.01 | 63.74 |
| Profit After Tax | 4.57 | 2.42 | 1.77 |
| NET Worth | 36.84 | 24.33 | 19.11 |
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 Rohit Ferro-Tech RHP.
Where the money goes
₹116.86 Cr of the issue is earmarked to named objects.
About the company
It runs a ferro alloy plant at Bishnupur, West Bengal, with submerged arc furnaces, and its group company Impex Ferro Tech runs a similar plant at Kalyaneshwari.
Its raw materials, chromite ore and coal, come from mines near its planned plant in Orissa, and it planned to keep 3 to 6 months of inventory.
The IPO was Rs 50.84 crore at Rs 30 per share, with a face value of Rs 10, including a promoter contribution of Rs 701.82 lakh already allotted.
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.
Rohit Ferro-Tech 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%).
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 Rohit Ferro-Tech?
The current Grey Market Premium is ₹0.
What is the Rohit Ferro-Tech IPO price band?
₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is 4 April 2006, with listing on 13 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.
