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Open
4 Jun 2007
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Close
8 Jun 2007
3
Allotment
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Listing
Wed, Jun 27, 2007
Price Band
₹195 to ₹219
Issue Size
43,50,240 shares (agg. up to ₹95 Cr)
Lot Size
30 Shares
Listing Date
Wed, Jun 27, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.02x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Hilton Metal Forging Ltd. | Mainboard | ₹38.15 Cr | ₹70 | null | ₹67.75 | -3.21% | ₹24.14 (+1.46%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion/ Modernisation of the existing production facilities | 61.46 |
| 2 | Incremental working capital requirement | 25.00 |
| 3 | Issue expenses | 5.80 |
| 4 | General Corporate Purposes | 3.01 |
About Nelcast IPO
Incorporated in 1982, Nelcast Limited is in the business of Iron Castings. A TS 16949 accredited organization, Nelcast is one of the largest manufacturers of Spheroidal Graphite (SG) Iron Castings in India.Nelcast's factories are located at Gudur, Andhra Pradesh and Ponneri, Tamilnadu. Ponneri factory specifically manufactures Grey Iron and Ductile Iron castings. Nelcast manufactures around 200 different castings in SG and Grey Iron. Cylinder Blocks, Flywheels, Flywheel Housings, Housings, Hubs, Spring Shackle, Brackets, Transmission Case, Axle Housings, Exhaust Manifolds etc. are some of the items that find application in the commercial vehicle and in the Tractor segments. Nelcast is a major supplier of auto components castings to Automobile and Tractor industry majors like TATA Motors, Ashok Leyland, Tafe, Mahindra & Mahindra, TATA Cummins etc.+ Read More
Contact Details
Nelcast Ltd. AddressNelcast Limited34, Industrial EstateGudur, Andhra Pradesh, 524101+ 91 8624 251 266nelcast@nelcast.comVisit Website