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IPO

IPO Details


Action Construction Equipment Ltd
Registered Office: Dhudhola Link Road, Dhudhola, Palwal - 121102, Haryana
Phone: 91-1275-280111
Email: cs@ace-cranes.com
Website: www.ace-cranes.com
Public issue of 46,00,000 Equity shares of Rs.10/- each issued for cash at a price of Rs.130/- per share aggregating Rs.59.80 Crores (hereinafter referred to as "the issue") including employee reservation of 1,00,000 equity shares of face value Rs.10/- each at a price of Rs.130 for cash aggregating Rs.1.30 Crores and net issue to the public of 45,00,000 equity shares of face value Rs.10/- each at a price of Rs.130 for cash aggregating Rs.58.50 Crores (hereinafter referred to as the "net issue to the public"). The net issue to the public would constitute 25.03% of the fully diluted post issue paid-up capital of the company Issue Price : Rs.130 per Equity Share of Rs. 10/- each The issue price is 13 times of the face value
Issue Money Payable On
Opens On Closes On Application Allotment
01-Sep-2006 07-Sep-2006 ₹ 130.00 ₹ 0.00
Minimum Application for shares in Nos : 50.0 Further Multiples of : 50.0
(₹)Cr. Lead Managers to the Issue
Project Cost 0.00 Karvy Investor Services Ltd
Project Financed through Current Offer 59.80
Post Issue Equity Share Capital 17.98
Issue Price ₹130.00
Projects
To Set-up Manu.plant for Loaders,Tower Cranes& Eqp
Expand/Modernize the Existing Capacities/Facilitie
Acquisition / Investments
To set up a Joint Venture
Additional Working Capital requirements
Brand Building Exercise
To Set-up Corporate Office and R&D Centre
Contingencies
Promoted By
Vijay Agarwal
Mona Agarwal
Sorab Agarwal
Listing At
BSE
NSE
Registrar to the Issue

INDIAN INDICES

Sensex

82,755.51 700.40 (0.85%)

Nifty

25,244.75 200.40 (0.80%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,474.68 297.60(1.23%)