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ASL Industries IPO
ASL Industries is engaged in the business of manufacturing of forged products and press shop for sheet metal products. Its products have varied applications and are used in various industries like railway, defense, and automobile. Its existing unit has a machine shop for the rough & finish machining of components, heat treatment facilities, in-house die making facilities, CNC & VMC horizontal and vertical centres, light, medium & heavy fabrication, assembly and sheet metal press shop. The company provides one stop solution from metal forming to assembly under one roof along with logistics and just-in-time solutions. Its flexible manufacturing infrastructure enables it to extend the product range and change product mix as per customer demand and requirement.
ASL Industries’ existing manufacturing unit is located at Jamshedpur, Jharkhand. The company has in house machine facilities in order to serve a flawless range of products. The company is ISO 14001: 2015 and has obtained OHSAS 18001:2007 certifications for adhering to global standards in occupational health and safety management. It is also certified by Bureau Veritas Certification for ISO/TS 16949:2009 for pressed, fabricated, machined and assembled components from sheet metals and forgings. Its client base includes manufacturers like TATA Motors, Bridge & Roof Co India Ltd., Titagarh Wagons Ltd.
Promoters of ASL Industries – Dilip Kumar Goyal, Jayshree Goyal, Akshay Goyal and Ankit Goyal
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ASL Industries IPO details |
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| Subscription Dates | 31 Mar – 7 Apr 2017 |
| IPO Price band | INR35 per share |
| Fresh issue | 2,800,000 shares (INR9.8 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,800,000 shares (INR9.8 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
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ASL Industries’ financial performance (in INR crore) |
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| Â FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 6M FY2017 | |
| Total revenue | 53.1 | 40.7 | 31.4 | 45.0 | 56.1 | 28.3 |
| Total expenses | 52.3 | 41.7 | 32.5 | 44.9 | 55.5 | 28.0 |
| Profit after tax | 0.5 | -0.7 | -0.8 | -0.1 | 0.4 | 0.1 |
| Day |
Subscription (no. of times) |
| Day 1 | Â 0.01 |
| Day 2 | Â 0.05 |
| Day 3 | Â 0.32 |
| Day 4 | Â 0.86 |
| Day 5 | Â 2.46 |
ASL Industries Limited
C-54, Phase IV, Adityapur Industrial Area
Gamharia, Jamshedpur – 832 108
Phone:Â +91 657 6571 890
Email: [email protected]
Website:Â www.aslindustries.in
Earnings Per Share (EPS): INR0.58
Price/Earnings (P/E) ratio: 60.34
Return on Net Worth (RONW): 1.74%
Net Asset Value (NAV): INR33.61 per share
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222Â
Fax: +91 40 2343 1551Â
Email:Â [email protected]
Website: www.karvycomputershare.com
ASL Industries IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.
IPO Opening Date: 31 March 2017
IPO Closing Date: 7Â April 2017
Listing Date:Â 18 April 2017
Listing Price on NSE SME: INR33.1 per share (down 5.4% from IPO price)
Closing Price on NSE SME: INR35.05 per share (up 0.1% from IPO price)
Such low margin business and asking pe ratio of 60. Avoid at all cost