Author Topic: ASTL -- Amreli Steels Ltd.  (Read 47819 times)

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Offline MZ

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ASTL -- Amreli Steels Ltd.
« Reply #-1 on: May 30, 2015, 11:51:13 AM »
All about Amreli Steels Limited.

www.amrelisteels.com
« Last Edit: November 27, 2015, 10:06:16 PM by M&M »

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ASTL -- Amreli Steels Ltd.
« Reply #-1 on: May 30, 2015, 11:51:13 AM »

Offline MZ

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Re: Amreli Steels Ltd.
« on: May 30, 2015, 11:57:22 AM »
Pakistan’s Biggest IPO in 8 Years In Pipeline: Amreli Steels Limited Next Month at KSE.

Pakistan Prime Minister Nawaz Sharif’s push to build power plants, roads and rail links is prompting a local steelmaker to expand by selling shares in the nation’s biggest initial public offering in eight years.

Amreli Steels Ltd., the South Asian country’s biggest maker of steel bars used in construction, plans to raise as much as 4 billion rupees ($39 million) next month from the sale of 70 million new shares. The proceeds will help more than double its capacity to 450,000 tons from 200,000 tons, Amreli’s director Hadi Akberali said in an interview.

The steelmaker is betting on a potential boom in demand for the alloy as the $232 billion economy expands at the fastest pace in eight years, fueled by higher remittances and consumer spending. Last month, China signed deals for $28 billion of investments in Pakistan as part of a planned $45 billion economic corridor that includes power plants and dams.

“When your GDP is growing, your steel demand grows in multiples,” Akberali said. “If the Pakistan-China economic corridor takes off, even if we double or triple our capacity, I think it still won’t be enough.”

Second Best

Amreli’s share offer also comes amid gains in the benchmark Karachi 100 Index, which, according to data compiled by Bloomberg, is the world’s second-best performer in the past six years. The gauge may rally 52 percent in the next two to three years, Stockholm-based Tundra Fonder AB fund manager Shamoon Tariq predicted in an April interview.

The benchmark index fell 0.3 percent to 32,749 as of 11:36 a.m. in Karachi. This year, it has climbed 2 percent.

The company will raise between 2 billion rupees and 4 billion rupees, depending on the final price, Akberali said, adding he expects strong demand. AKD Securities Ltd. and Bank Alfalah Ltd. will be the advisers on the transaction.

A 4 billion-rupee IPO would be the biggest in Pakistan since Habib Bank Ltd. raised 8.1 billion rupees in 2007, according to data compiled by Bloomberg. The number of initial share offerings rose to five in 2014, the most in six years, according to data compiled by Bloomberg.

“This clearly shows companies have the confidence to raise funds through the equity market,” said Muhammad Imran, a fund manager at NBP Fullerton Asset Management, which oversees 57 billion rupees in stocks and bonds in Karachi. “A new listing will also improve the depth of the market and choices.”

IMF Loans

A 930 million-rupee share sale in February by Mughal Iron & Steel Industries Ltd., a composite steel manufacturer, garnered demand for three times the amount on offer, with the price at the top end of the range.

Pakistan is making “significant progress” in meeting targets under its $6.6 billion loan program, according to the International Monetary Fund. The institution this month predicted a 4.5 percent growth in the economy in the year starting July, following a 4.1 percent expansion in the current fiscal year.

The nation’s central bank on May 23 unexpectedly cut the benchmark interest rate to a 42-year low to spur growth.

Sharif, who took power in May 2013, has since averted a balance-of-payments crisis as the nation’s foreign-exchange reserves have jumped to $17.7 billion. His government increased development spending by 25 percent to 525 billion rupees for the year through June, and plans to add 2,000 megawatts of generation capacity in 12 months.

“We are looking at big infrastructure spending,” Akberali said. “Steel is very strongly linked to economic growth.”

http://usa.chinadaily.com.cn/epaper/2015-05/29/content_20857158.htm
« Last Edit: May 30, 2015, 12:02:55 PM by MZ »

Offline hasnain0099

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Re: Amreli Steels Ltd.
« Reply #1 on: May 30, 2015, 12:10:54 PM »
So many steel players in KSE now...What would be the competitive advantage of Amreli Steels?
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Offline genious.genio

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Re: Amreli Steels Ltd.
« Reply #2 on: May 30, 2015, 12:12:56 PM »
All about Amreli Steels Limited.

www.amrelisteels.com

can u share its curnt balance sheet??

Offline JF

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Re: Amreli Steels Ltd.
« Reply #3 on: May 30, 2015, 12:14:00 PM »

Offline Value-Investor

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Re: Amreli Steels Ltd.
« Reply #4 on: May 30, 2015, 12:15:17 PM »
So many steel players in KSE now...What would be the competitive advantage of Amreli Steels?

Its only competitor in KSE is Mughal Steel. But both operate in different regions. Mughal operates in North and Amreli operates in South!!

Offline dr.muhammad zia

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Re: Amreli Steels Ltd.
« Reply #5 on: May 30, 2015, 02:07:41 PM »
i think Tuwairqi Steel

 The move comes after the Pakistan government refused to provide gas at a discounted rate to Tuwairqi Steel.
http://newstoday.nayab.net/2015/01/gas-supply-row-al-tuwairqi-plans-to-shift-steel-plant-to-saudi-arabia.html

it was the biggest plant ....kiya halat ki hai daar ne ....
one shud b catious
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Better not flop me from who I wanna be It’s my destiny
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Offline Alpha

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Re: Amreli Steels Ltd.
« Reply #6 on: May 30, 2015, 04:11:30 PM »
They have not applied for listing, how come they are expecting to be listed in june  :confused1:

Offline SBM

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Re: Amreli Steels Ltd.
« Reply #7 on: May 30, 2015, 05:21:26 PM »
They have not applied for listing, how come they are expecting to be listed in june  :confused1:

Bongi marnay mein kiya harj hai ...
It will come after Ramadan probably...
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Offline 007

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Re: Amreli Steels Ltd.
« Reply #8 on: May 30, 2015, 05:40:09 PM »
they hv not applied at any exchange its tue


many companies are in pipeline this being one of them

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Re: Amreli Steels Ltd.
« Reply #9 on: June 01, 2015, 11:28:11 AM »
Pakistan’s Biggest IPO in 8 Years In Pipeline: Amreli Steels Limited Next Month at KSE.

Pakistan Prime Minister Nawaz Sharif’s push to build power plants, roads and rail links is prompting a local steelmaker to expand by selling shares in the nation’s biggest initial public offering in eight years.

Amreli Steels Ltd., the South Asian country’s biggest maker of steel bars used in construction, plans to raise as much as 4 billion rupees ($39 million) next month from the sale of 70 million new shares. The proceeds will help more than double its capacity to 450,000 tons from 200,000 tons, Amreli’s director Hadi Akberali said in an interview.

The steelmaker is betting on a potential boom in demand for the alloy as the $232 billion economy expands at the fastest pace in eight years, fueled by higher remittances and consumer spending. Last month, China signed deals for $28 billion of investments in Pakistan as part of a planned $45 billion economic corridor that includes power plants and dams.

“When your GDP is growing, your steel demand grows in multiples,” Akberali said. “If the Pakistan-China economic corridor takes off, even if we double or triple our capacity, I think it still won’t be enough.”

Second Best

Amreli’s share offer also comes amid gains in the benchmark Karachi 100 Index, which, according to data compiled by Bloomberg, is the world’s second-best performer in the past six years. The gauge may rally 52 percent in the next two to three years, Stockholm-based Tundra Fonder AB fund manager Shamoon Tariq predicted in an April interview.

The benchmark index fell 0.3 percent to 32,749 as of 11:36 a.m. in Karachi. This year, it has climbed 2 percent.

The company will raise between 2 billion rupees and 4 billion rupees, depending on the final price, Akberali said, adding he expects strong demand. AKD Securities Ltd. and Bank Alfalah Ltd. will be the advisers on the transaction.

A 4 billion-rupee IPO would be the biggest in Pakistan since Habib Bank Ltd. raised 8.1 billion rupees in 2007, according to data compiled by Bloomberg. The number of initial share offerings rose to five in 2014, the most in six years, according to data compiled by Bloomberg.

“This clearly shows companies have the confidence to raise funds through the equity market,” said Muhammad Imran, a fund manager at NBP Fullerton Asset Management, which oversees 57 billion rupees in stocks and bonds in Karachi. “A new listing will also improve the depth of the market and choices.”

IMF Loans

A 930 million-rupee share sale in February by Mughal Iron & Steel Industries Ltd., a composite steel manufacturer, garnered demand for three times the amount on offer, with the price at the top end of the range.

Pakistan is making “significant progress” in meeting targets under its $6.6 billion loan program, according to the International Monetary Fund. The institution this month predicted a 4.5 percent growth in the economy in the year starting July, following a 4.1 percent expansion in the current fiscal year.

The nation’s central bank on May 23 unexpectedly cut the benchmark interest rate to a 42-year low to spur growth.

Sharif, who took power in May 2013, has since averted a balance-of-payments crisis as the nation’s foreign-exchange reserves have jumped to $17.7 billion. His government increased development spending by 25 percent to 525 billion rupees for the year through June, and plans to add 2,000 megawatts of generation capacity in 12 months.

“We are looking at big infrastructure spending,” Akberali said. “Steel is very strongly linked to economic growth.”

http://usa.chinadaily.com.cn/epaper/2015-05/29/content_20857158.htm

http://www.bloomberg.com/news/articles/2015-05-27/sharif-s-growth-push-spurs-pakistan-s-biggest-ipo-in-eight-years

Offline SBM

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Re: Amreli Steels Ltd.
« Reply #10 on: July 22, 2015, 10:32:25 AM »
they hv not applied at any exchange its tue


many companies are in pipeline this being one of them

applied for listing at KSE
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Offline alicima

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Re: Amreli Steels Ltd.
« Reply #11 on: July 25, 2015, 02:40:21 PM »
applied for listing at KSE
[/quote]

SBM sir, how much time expected for book building after applying for listing?

Offline momo

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Re: Amreli Steels Ltd.
« Reply #12 on: July 25, 2015, 05:08:59 PM »
Is the prospectus out yet?

Offline SBM

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Re: Amreli Steels Ltd.
« Reply #13 on: July 25, 2015, 05:59:25 PM »
Is the prospectus out yet?

No, it has not been published for the public as yet.
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Offline SBM

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Re: Amreli Steels Ltd.
« Reply #14 on: July 25, 2015, 06:03:46 PM »
applied for listing at KSE

SBM sir, how much time expected for book building after applying for listing?
[/quote]

At least couple of months, usually more.
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Offline octopus_2

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Re: Amreli Steels Ltd.
« Reply #15 on: July 25, 2015, 06:08:10 PM »
applied for listing at KSE

SBM sir, how much time expected for book building after applying for listing?

At least couple of months, usually more.
[/quote]

Sbm brother if i may contribute my 2 cents as per listing regulation listing is approved within a time span not later than 3 months from the date of application

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Re: Amreli Steels Ltd.
« Reply #16 on: July 29, 2015, 12:47:08 AM »
KARACHI: Amreli Steels Ltd on Monday signed a contract with Primetals Technologies to build a steel bar manufacturing facility with a capacity of 300,000 tonnes per year.

The expansion, with an approximate cost of Rs3 billion, would enhance the company’s total steel bar capacity to 0.5 million tonnes per year and would also create jobs, Amreli Steels Managing Director Shayan Akberlai said.

He further said that the company was financing the project through initial public offering scheduled next month.

Primetals Technologies is a joint venture between Siemens, VAI, Mitsubishi and have manufacturing facilities in the US, Italy and China, said its Senior Sales Manager Sergio Galimberti.

Published in Dawn, July 28th, 2015
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Offline afzalch

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Re: Amreli Steels Ltd.
« Reply #17 on: July 30, 2015, 11:35:28 AM »
Pakistan’s Biggest IPO in 8 Years In Pipeline: Amreli Steels Limited Next Month at KSE.

Pakistan Prime Minister Nawaz Sharif’s push to build power plants, roads and rail links is prompting a local steelmaker to expand by selling shares in the nation’s biggest initial public offering in eight years.

Amreli Steels Ltd., the South Asian country’s biggest maker of steel bars used in construction, plans to raise as much as 4 billion rupees ($39 million) next month from the sale of 70 million new shares. The proceeds will help more than double its capacity to 450,000 tons from 200,000 tons, Amreli’s director Hadi Akberali said in an interview.

The steelmaker is betting on a potential boom in demand for the alloy as the $232 billion economy expands at the fastest pace in eight years, fueled by higher remittances and consumer spending. Last month, China signed deals for $28 billion of investments in Pakistan as part of a planned $45 billion economic corridor that includes power plants and dams.

“When your GDP is growing, your steel demand grows in multiples,” Akberali said. “If the Pakistan-China economic corridor takes off, even if we double or triple our capacity, I think it still won’t be enough.”

Second Best

Amreli’s share offer also comes amid gains in the benchmark Karachi 100 Index, which, according to data compiled by Bloomberg, is the world’s second-best performer in the past six years. The gauge may rally 52 percent in the next two to three years, Stockholm-based Tundra Fonder AB fund manager Shamoon Tariq predicted in an April interview.

The benchmark index fell 0.3 percent to 32,749 as of 11:36 a.m. in Karachi. This year, it has climbed 2 percent.

The company will raise between 2 billion rupees and 4 billion rupees, depending on the final price, Akberali said, adding he expects strong demand. AKD Securities Ltd. and Bank Alfalah Ltd. will be the advisers on the transaction.

A 4 billion-rupee IPO would be the biggest in Pakistan since Habib Bank Ltd. raised 8.1 billion rupees in 2007, according to data compiled by Bloomberg. The number of initial share offerings rose to five in 2014, the most in six years, according to data compiled by Bloomberg.

“This clearly shows companies have the confidence to raise funds through the equity market,” said Muhammad Imran, a fund manager at NBP Fullerton Asset Management, which oversees 57 billion rupees in stocks and bonds in Karachi. “A new listing will also improve the depth of the market and choices.”

IMF Loans

A 930 million-rupee share sale in February by Mughal Iron & Steel Industries Ltd., a composite steel manufacturer, garnered demand for three times the amount on offer, with the price at the top end of the range.

Pakistan is making “significant progress” in meeting targets under its $6.6 billion loan program, according to the International Monetary Fund. The institution this month predicted a 4.5 percent growth in the economy in the year starting July, following a 4.1 percent expansion in the current fiscal year.

The nation’s central bank on May 23 unexpectedly cut the benchmark interest rate to a 42-year low to spur growth.

Sharif, who took power in May 2013, has since averted a balance-of-payments crisis as the nation’s foreign-exchange reserves have jumped to $17.7 billion. His government increased development spending by 25 percent to 525 billion rupees for the year through June, and plans to add 2,000 megawatts of generation capacity in 12 months.

“We are looking at big infrastructure spending,” Akberali said. “Steel is very strongly linked to economic growth.”

http://usa.chinadaily.com.cn/epaper/2015-05/29/content_20857158.htm

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