Company also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies who are engaged in the business of constructing/building of roads, airports, power projects, institutional & industrial complexes, multiplexes and residential buildings and other related infrastructural activities more importantly catering to Public Sector undertakings, private sector, CPWD and various national & international government aided projects.
Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09. Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY’09. Company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.
Objects of the Issue:
1. The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to: Setting up of 1,50,000 MTPA of LAM Coke plant;
2. Captive Power plant of 8 MW;
3. Acquire prospecting Mining Licenses in India / internationally;
4. Prepayment of High cost debt;
5. General Corporate Purposes;
6. Expenses related to Fresh Issue.
Austral Coke & Projects Ltd IPO Information
»» Public Issue Open: August 7 ,2008 to August 13, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 72,60,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 164/- to Rs 196/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Allbank Finance Ltd, Saffron capital, PL Capital, Elara Capital Ltd
»» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-25960320 Email: [email protected])