IPO DETAILS : Ashoka Metcast Ltd.
7th Floor, Ashoka Chambers, Opposite HCG Hospital, Ahmedabad, Gujarat - 380006
Phone: 26463226 Fax: 26463226

Public Issue of 6000000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share.

Issue Open DateIssue Closing DateApplication MoneyAllotment Money
23/01/201825/01/201820.00 -
Lead Managers Registrar Listed at
Bigshare Services PVt. Ltd.
1st floor, Bharat Tin works Building,
Opposite Vasant Oasis,, Marol Maroshi Road,
Mumbai, Maharashtra - 400059
Phone: 62638200 Fax: 62638299
Object of the issue

The Objects of the Issue is to raise funds for

(a) Investment in subsidiary company – SGRMPL for funding capital expenditure requirements in relation to revival and modernisation of existing manufacturing facility at Kadi, Gujarat and working capital requirements,

(b) Repayment of loans,

(c) Funding expenditure for General Corporate Purposes.

Promoted by

The Promoters of the Company are Mr. Shalin Shah and Shalin A. Shah (HUF).

1. Mr. Shalin Shah: Is aged 44 is the Managing Director and Promoter of the Company. He completed his Civil Engineering from L.D. Engineering College, Ahmedabad. He has more than 20 years’ experience in various fields like trading, real estate, oil and gas exploration etc. and has vast exposure into the fields of management, finance, accounting, information technology and legal. Currently, he is also the Managing Director of the flagship company, Gujarat Natural Restheces Limited, a BSE listed company engaged in the business of oil & gas exploration. He is also a Promoter and Director of Shree Ghantakarna Rolling Mills Private Limited, the wholly owned Subsidiary and Lesha Industries Limited and other entities. He has been guiding force behind the growth and business strategy of the Company.


Passport No. (USA)*: 441798232 (453245 – OCI Number)

Driver’s License No: GJ0119920021607

Name of Bank & Branch: ICICI Bank Limited, Branch, Ashram Road Branch, Ahmedabad Bank A/c No. 018901530292


2. Shalin A. Shah (HUF): Is karta of Shalin A. Shah (HUF). Mrs. Payal Shah, Ms. Rhea Shah and Ms. Tanya Shah are the parceners of Shalin A. Shah (HUF). Shalin A. Shah (HUF) currently holds 17,95,000 Equity Shares of the Company, which constitutes 38.11% of the Pre-Issue paid up Share Capital. The post- Issue Shareholding will be 16.76%. For details of the build-up of Shalin A. Shah (HUF)’s shareholding in the Company, please see “Capital Structure-Shareholding of the Promoters”.

Permanent Account Number: AATHS7114N

Address: 98, Lavanya Society, Vikas Gruh Road, Paldi, Ahmedabad- 380007, Gujarat

Name of the Bank and Branch: ICICI Bank Limited, Ashram Road Branch, Ahmedabad Bank Account Number 018901011502