Friday, August 1, 2008

Austral Coke IPO - Analysis, Recommendation and Review

1 comment
Austral Coke, a company engaged in the manufacture of low ash metallurgical Coke, announced its foray into the capital market with an IPO of 72.6 lakh equity shares of Rs 10 each. The issue will open on August 7 and will close on August 13.

The price band has been fixed between Rs 164 and Rs 196 a share. The issue will have an additional “Green Shoe Option” of 10,89,000 equity shares. The issue will constitute 27.72 per cent of the fully-diluted post issue capital of the company.

The shares of the company will be listed on both the BSE and NSE.

The objective of the issue is to part finance its expansion plans which involves setting up of a 1.5-lakh tpa of LAM Coke and setting up 8 MW Captive Power Plant through waste heat recovery.

We recommend investors to invest in this IPO with a medium term view.

Bookmark this site for all updates on Recommendation, Subscription, Allotment and Listing!

Current IPOs Analysis
Current IPOs Subscription Status
Current IPOs Allotment Status
Current IPOs Listing Status
If You Enjoyed This, Take 5 Seconds To Share It

1 comment:

  1. this is the best ipo of 2008. the issue is at a discount of 4% and is 60%cheaper than gujarat nre should certainly invest in this ipo as you will earn profits.its a fundamentally strong compny with 3o years of management experience in this field.