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PRODUCT NOTE |
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ARSS Infrastructure Projects Limited |
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| OPENS ON : 08/02/2010 |
CLOSES ON : 11/02/2010 |
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Company Details: |
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- ARSS Infrastructure Projects Ltd (ARSS) is engaged in construction activities in India and has successfully executed over 86 projects involving construction of ~ 300 km of roads and highways, 200 km of rail tracks, 10 minor and major bridges and other general civil engineering works over the span of nine years.
- The company has shown continuous growth in bid capacity and pre qualification capability.
Though predominantly present in Orissa, the company has pursued projects in 12 states across India..
- ARSS has maintained long-term relationship with reputed clients like Railways, Govt. of Orissa, NHAI, Rail Vikas Nigam RITES, IRCON, NTPC, Vedanta etc. While 73.11% of its order book comprise of repeat order, 87.5% of current work orders are from government authorities.
- The well diversified order book is 4.61 times FY 09 sales thus indicating good future earnings potential.
- For the year ended March 31, 2009, it has reported profit after tax of Rs 51.19 crore on total income of Rs 628.23 crore. As of June 2009, it has debt of nearly Rs 240 crore.
- The company’s order book position was at Rs 28.77 billion as on January 10, 2010 and it had
145 projects in hand as on that date.
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IPO Grading: |
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CARE has assigned Grade 2/5 to the IPO, indicating less than average fundamentals. |
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Issue Details: |
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| Issue Size |
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Rs.103 crores |
| Face value |
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Rs 10/- per equity share |
| Price band |
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Rs.410 to Rs.450 |
| Lot Size |
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15 Equity shares |
| Exchanges |
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NSE & BSE |
| Issue Type |
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100% Book Built Issue IPO |
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Book Running Lead Manager : |
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- IDBI Capital Market Services
- SBI Capital Market
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Registrar to the Issue. |
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- Bigshare Services Pvt. Ltd.
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SYNDICATE MEMBERS |
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ENAM SecuritiesAlmondz Global Sec.
SBI Cap. Sec.IDBI Cap.Mkt Services.Sunidhi Sec. & Finance. |
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ISSUE STRUCTURE |
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| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
60% of the net issue size ( Rs.62 Crores) |
| 2. |
HNI |
10% of the net issue size ( Rs.10 Crores) |
| 3. |
Retail |
30% of the net issue size ( Rs.31 Crores) |
| Total Issue Size |
1+2+3+4 |
Rs.103 Crores |
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| © Copyright 2009. RR GROUP |
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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