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