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ASL Industries – SME IPO – Details & Review, Price, Listing

ASL Industries Ltd. is a leading Engineering company for Sheet Metal – Press Shop, Light & Medium Fabrication, Forging and Machined Components, specializing in Assemblies & Sub-Asemblies, situated at Adityapur Industrial Area, Jamshedpur, India. 

Issue Details of ASL Industries SME IPO

  • Issue Open :  31st March to 7th April 2017
  • Issue Price / Floor Price : Rs 35 per share
  • Issue Size: Rs 9.80 crores (28,00,000 Equity Shares)
  • Application per share :  Rs 35
  • Minimum No of shares bid:  4000 shares / Rs 140,000
  • Maximum Retail investment – 4000 shares
  • Book Running Lead Managers : Guiness Corporate Advisors
  • Registrar – Karvy Computershare
  • Listing: NSE SME

 

Ongoing SME IPO – Read reviews

SME IPOs Opening Date Last Date Price
ASL Industries 31-Mar-2017 7th April 2017 35
Dev Information Technology  31-Mar-2017 6th April 2017 42
MK Proteins  31-Mar-2017 7th April 2017 70
Escorp Asset Management  31-Mar-2017 6th April 2017 15
Focus Lighting  30-Mar-2017 5th April 2017 45
Creative Peripherals 29-Mar-2017 3rd April 2017 21-75

 

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About the Company

The Company (started in 1983) is engaged in the business of manufacturing of forged products and press shop for sheet metal products. Our products have varied applications and are used in various industries like railway, defense, and automobile. Our existing unit has a machine shop for the rough & finish machining of components, heat treatment facilities, in-house die making facilities, CNC & VMC horizontal and vertical centres, light, medium & heavy fabrication, assembly and sheet metal press shop. We provide one stop solution from metal forming to assembly under one roof along with logistics and just-in-time solutions.

Our Company is ISO 14001: 2015 and have obtained OHSAS 18001:2007 certifications for adhering to global standards in occupational health and safety management. We are also certified by Bureau Veritas Certification for ISO/TS 16949:2009 for pressed, fabricated, machined and assembled components from sheet metals and forgings

As of February 28, 2017, our Company employed 100 employees (includes skilled, Semi skilled and unskilled employees) on payroll and around 250 employees on job contract.

Our major Customers are:  TATA Motors Limited  York Transport Equipment India Private Limited  Bridge & Roof Co India Limited  Shiv Shambhu Iron & Steel Private Limited  Pramila Steel Private Limited  Titagarh Wagons Limited  Jost India Auto Component Private Limited

 

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Financials

(in Crores) 2012 2013 2014 2015 2016 Apr-Sep 2016
Income 53.10 40.68 313.38 44.97 56.08 28.32
PAT 0.53 -0.67 -0.78 0.44 0.12
             

Summary The company has been making average turnover in last 5 years, but no consistency in profits. Also, not significant growth in turnover or profits. Investors may want to avoid this SME IPO. 

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