Vikash Metal & Power IPO
Vikash Metal & Power IPO — date, price band, lot size & details 2005
Vikash Metal & Power listed on 28 Nov 2005 at ₹12, 40% below the ₹20 issue price.
Vikash Metal and Power makes sponge iron at a coal based plant in Purulia, West Bengal, and trades coal and steel products. Its total income was Rs 37.42 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 24 Oct 2005
- Close 28 Oct 2005
- Allotment 18 Nov 2005
- Refund/credit TBA
- Listing 28 Nov 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 28 Oct, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 250 Shares |
| Issue Size | ₹37.81 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Maheshwari Datamatics Pvt.Ltd. |
| Min Investment | ₹ 5,000 |
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 250 shares at the ₹20 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 250 | ₹5,000 |
| Retail (max) | 40 | 10,000 | ₹2,00,000 |
| S-HNI (min) | 41 | 10,250 | ₹2,05,000 |
| S-HNI (max) | 200 | 50,000 | ₹10,00,000 |
| B-HNI (min) | 201 | 50,250 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 9.82 crore in FY2004 to Rs 37.42 crore in FY2005 as its plant started.
- 02Profit after tax rose from Rs 0.15 crore in FY2004 to Rs 2.09 crore in FY2005.
- 03Net worth rose from Rs 8.71 crore in FY2004 to Rs 13.13 crore in June 2005.
- 04Total assets rose from Rs 9.65 crore in FY2004 to Rs 28.71 crore in June 2005.
Risks · 5
- 01The project cost of Rs 13163.18 Lacs was about ten times its net worth.
- 02Kiln II of the sponge iron plant was delayed by 4 months.
- 03Raw materials came from mines in 3 other states, adding logistics risk.
- 04The prospectus warned that new entrants could cause oversupply in steel; profit was only Rs 0.69 crore in the June 2005 quarter.
- 05Promoter group holding fell from 97.44% before the issue to 61.16% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Vikash Metal & Power offer document.
| Metric | 30 Jun 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 28.71 | 18.14 | 9.65 |
| Total Income | 10.97 | 37.42 | 9.82 |
| Profit After Tax | 0.69 | 2.09 | 0.15 |
| NET Worth | 13.13 | 12.43 | 8.71 |
| Reserves and Surplus | 2.95 | 2.26 | 0.17 |
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 Vikash Metal & Power RHP.
Where the money goes
₹113.44 Cr of the issue is earmarked to named objects.
About the company
It runs a coal based sponge iron plant in Purulia, West Bengal, using iron ore and coal from mines in Bihar and Orissa and dolomite from Jharkhand.
Its total project cost was Rs 13163.18 Lacs, and Kiln II of phase I of the sponge iron plant was delayed by 4 months.
The IPO was Rs 37.81 crore at Rs 20 per share, with a face value of Rs 10.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
033-22435029/22482248
The bankers & the filings
Who is running the book, and the documents this page is built from.
Vikash Metal & Power 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.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Dhanus Technologies (0.0%).
Microsec Capital Ltd
7 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Malu Paper Mills (0.0%).
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 Vikash Metal & Power?
The current Grey Market Premium is ₹0.
What is the Vikash Metal & Power IPO price band?
₹20, on a face value of ₹10.
When is the allotment?
The basis of allotment is 18 November 2005, with listing on 28 November 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maheshwari Datamatics Pvt.Ltd..
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.
