IPO Details

Ankit Metal & Power Ltd
Registered Office: 35 Chittranjan Avenue, , Kolkata - 700012, West Bengal
Phone: 91-33-2211 0225/0226
Email: cs@ankitmetal.com
Website: www.ankitmetal.com
Public issue of 1,19,00,000 equity shares of Rs.10/- each for cash at a price of Rs.36/- per equity share (including a share premium of Rs.26/- per equity share) aggregating Rs.42.84 Crores by Ankit Metal & Power Limited ("the company" or "issuer" or "AMPL") (hereinafter referred to as the "issue") comprising of promoters' contribution of 23,10,000 equity shares of face value of Rs.10/- (hereinafter reffered to as the "promoters' contribution"), 11,90,000 equity shares of face value of Rs.10/- reserved for the employees of the company (hereinafter reffered to as the "employees reseration portion") and a net offer to the public of 84,00,000 equity shares of Rs.10/- each (hereinafter referred to as the "net offer to the public".) Of which 8,40,000 equity shares being 10% of the net offer to the public to be compulsorily alloted to QIBs. The net offer to the public would constitute 25.55 % of the fully diluted post issue paid up capital of the company. Issue Price Rs.36/- per equity shares of face value Rs.10/- The issue price is 3.6 times the face value The project has a participation of Rs.60.00 Crores as terms loans from consortium of banks.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
18-Jun-2007	22-Jun-2007	₹ 36.00	₹ 0.00

Projects
To Part Finance the integrated Steel Plant
To utilise funds for General Corporate Purposes

Promoted By
Suresh Kumar Patni
Sarita Patni
Rohit Patni

Listing At
BSE

Registrar to the Issue