Action Construction Equipment Share Price

Action Construction Equipments Limited was initially promoted by Mr. Vijay Agarwal, Mrs. Mona Agarwal, Mr. Khem Karan Arora and Mrs. Laj Arora as subscribers to the Memorandum. Subsequently, Mr. Khem Karan Arora and Mrs. Laj Arora ceased to be the members of the Company and the shares were transferred to the current promoters of the Company. The Company commenced its activities in the year 1995 and started manufacturing Hydraulic Mobile Cranes in 1995 under the brand name 'ACE'. Apart from the company has started manufacturing of mobile tower cranes and loaders subsequently. ACE is the leading mobile Crane Manufacturing Company in India that has progressed all along to become a professionally managed ISO 9001 Certified company. The Company's manufacturing facility is based in Industrial town of Faridabad and now the company is in the process of setting up of its second manufacturing plant at Dudhaula (Faridabad) for manufacturing Back Hoe Loaders and Fixed Tower cranes up to capacity of six tons. ACE equipment is being successfully used in many industrial sectors like infrastructure, construction, road, engineering industry, coal mines, chemical and fertilizer plants, power stations, ports, railways, oil Industry, defence etc. During the year 1995-96, the Company has manufactured 110 mobile cranes and for the year 2004-05, the company has manufactured 1146 equipment. In September 2006, The company is entering the capital market with an initial public offer of 46,00,000 Equity Shares of Rs.10/-. The company has fixed the price of Rs.130/- per Share.