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ARSS Infrastructure Projects Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹450
Per Share
GMP
NIL
Grey Market
Est. Listing
₹450
Expected Price
Min. Application
₹13,500
2 lots × 15 shares
IPO Issue Details
Issue Price / Price Band₹450 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size15 Shares per Lot
Total Issue Size22,89,230 shares (aggregating up to ₹103.02 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 08 Feb 2010
Subscription CloseThu, 11 Feb 2010
Anchor AllotmentSun, 07 Feb 2010
Basis of AllotmentWed, 17 Feb 2010
Initiation of RefundsThu, 18 Feb 2010
Credit of Shares to DematThu, 18 Feb 2010
Listing DateWed, 03 Mar 2010
UPI Mandate Deadline2010-02-11
Application & Investment Details
Retail — Min (1 Lots)₹6,750 — 15 shares
Retail — Max (13 Lots)₹87,750 (13 Lots)
HNI — Min (149 Lots)₹10,05,750 — 2,235 shares
Pre-IPO Promoter Holding1,25,54,000 shares
Post-IPO Promoter Holding1,48,42,888 shares
About ARSS Infrastructure Projects Ltd.

Incorporated in 2000, ARSS Infrastructure Projects Ltd is engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India. ARSS have business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. ARSS also engaged in the railway construction projects, which includes earthwork, major and minor bridges, supply of ballast, sleepers, laying of sleepers and rails, linking of tracks etc. ARSS have completed around 200 km rail line and about 300 km of roads and highways.ARSS Infrastructure has presence in Eastern India, particularly in the state of Orissa. However, in recent years they have pursued opportunities in other parts of India including states of Chhatisgarh, Rajasthan, Jharkhand, Haryana , Kerla, Andhra Pradesh, Assam, Maharastra and Tamil Nadu.Some of the important projects being currently executed by ARSS on standalone / joint venture basis are as follows:1. Construction, rehabilitation and widening of Cuttack - Paradeep road, Orissa, for a contract value of Rs. 20,826.77 lacs.2. Construction of Roadbed including Major and Nior Bridges, Facilities and General Electrification in connection with construction of New BG line between Haridaspur and Paradeep in East Coast Railway in the State of Orissa, for a contract value of Rs. 10,096.66 lacs.3. JSPL, Angul Project-Work Order for execution of Rail Infrastructure Work of Rs.26,100.00 lacs4. Construction of new broad gauge line, bridges, earthwork cuttings, road over bridges, road under bridges and sub ways between Salem-Karur, Chennai. The contract value for the project is Rs. 5,139.05 lacs.5. Construction of Kaushilia Dam and appurtenant works in panchkula district of Rs. 11299.19 lacs.

Objects of the Issue

ARSS Infrastructure Projects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Investment in joint ventures.
5.000
2
2 Funding long term working capital requirements
86.000
3
3 General corporate purpose
3.721
4
4 Public issue expenses
8.279
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,25,54,000 shares
Post-IPO Promoter Holding 1,48,42,888 shares
Check AllotmentCheck Status →
ARSS Infrastructure Projects Ltd. — Live Price LIVE
₹450.00
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Issue ₹450.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹450
GMPNIL
Est. Listing₹450
Lot Size15 shares
Min Amount₹13,500
Listing Date03 Mar 2010
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹450
Listing Date03 Mar 2010
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 2,288,888 100.00% ₹103.00 Cr
* Based on ₹450.00 (upper price band)
Lot Size & Investment Details
Lot Size
15
Shares
Issue Price
₹450.00
Per Share
Min Investment
₹6,750
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 15 ₹6,750
Retail (Max) 2 30 ₹13,500
sNII (Min) 30 450 ₹202,500
bNII (Min) 149 2,235 ₹1,005,750
Company Financials — Restated Consolidated (Amount in Lakhs)
Particulars30-Jun-0931-Mar-0931-Mar-08
Revenue from Operations 22554.68 62822.52 31541.61
EBITDA N/A N/A N/A
Profit After Tax (PAT) 1890.38 5118.64 2683.57
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹450
Face Value ₹10 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW 34.47%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
ARSS Infrastructure Projects Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No. 38, Sector– A, Zone- D, Mancheswar Industrial Estate, Bhubaneshwar, Odisha, 751010
Book Running Lead Managers
IDBI Capital Markets Services Ltd.
Book Running Lead Manager (BRLM)
SBI Capital Markets Ltd.
Book Running Lead Manager (BRLM)