Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Electrosteel IPO is a book built issue of Rs 248.07 crores.
Electrosteel IPO bidding started from September 21, 2010 and ended on September 24, 2010. The shares got listed on BSE, NSE on October 8, 2010.
Electrosteel IPO price band is set at ₹10 to ₹11 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Edelweiss Financial Services Ltd, Axis Capital Limited and SBI Capital Markets Limited are the book running lead managers of the Electrosteel IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Electrosteel IPO RHP for detailed information.
| IPO Date | September 21, 2010 to September 24, 2010 |
| Listing Date | October 8, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹10 to ₹11 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 225,516,188 shares (aggregating up to ₹248.07 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 1,809,018,835 |
| Share holding post issue | 2,068,362,451 |
Electrosteel IPO offers 225,516,188 shares. 135,309,713 (60.00%) to QIB, 22,551,619 (10.00%) to NII, 67,654,856 (30.00%) to RII. 112,758 RIIs will receive minimum 600 shares and (sNII) and (bNII) will receive minimum 18,600 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 135,309,713 (60.00%) | NA |
| NII (HNI) Shares Offered | 22,551,619 (10.00%) | |
| Retail Shares Offered | 67,654,856 (30.00%) | 112,758 |
| Total Shares Offered | 225,516,188 (100%) |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹6,600 |
| Retail (Max) | 30 | 18000 | ₹198,000 |
| Lot Size Calculator | |||
The Promoters of the Company is Electrosteel Castings Limited.
| Share Holding Pre Issue | 36.83% |
| Share Holding Post Issue | 12.31% |
Incorporated in 2006, Electrosteel Integrated Ltd, promoted by Electrosteel Castings Ltd (ECL) is to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant.
ECL is in the business of manufacturing Cast Iron pipes for over four decades and Ductile Iron Spun Pipes. EIL are setting up the proposed plant near Siyaljori village in Bokaro District of Jharkhand. The proposed plant will be based on Blast Furnace (BF) - Basic Oxygen Furnace (BOF) - Billet Caster and Hot Rolling Route and will produce 1.2 MTPA of long steel products, comprising 0.5 MTPA of 5.5-12.0 mm diameter wire rods in coil form and 0.7 MTPA of reinforcement bars in straight lengths and bundled in the range of 8-32 mm and plain rounds upto 60mm diameter. The plant will have a 0.33 MTPA DI pipe production facility in the same complex and will be provided with hot metal from the Blast Furnaces. The plant will also have production facilities for 0.27 MTPA of Commercial Billets and 0.40 MTPA of Pig Iron.
Company has acquired approximately 1,723.44 acres of land for the proposed plant, taking into account the scope for future expansion. The area of land for the proposed plant is approximately 600 acres with another 20-300 acres of land that would be required for construction of storage space for materials.
The objects of the Issue are as follows:
1. To part finance the construction of Integrated Steel and D.I. pipe plant having a capacity of 2.2 MTPA in Jharkhand, India;
2. Margin money towards Bank Guarantees;
3. General Corporate Purposes; and
4. Create a public market for equity shares by listing securities of Company on Stock Exchanges.
The Electrosteel IPO is subscribed 8.23 times on September 24, 2010 5:00:00 PM. The public issue subscribed 6.19 times in the retail category, 5.86 times in the QIB category, and 28.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.86 |
| NII | 28.58 |
| Retail | 6.19 |
| Total | 8.23 |
CARE has assigned an IPO Grade 3 to Electrosteel Integrated Ltd IPO. This means as per CARE company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Electrosteel Integrated Ltd.
Electrosteel Integrated Ltd IPO, Electrosteel Integrated IPO, Electrosteel Integrated IPO Bidding, Electrosteel Integrated IPO Allotment Status, Electrosteel Integrated drhp and Electrosteel Integrated Ltd IPO listing.
| Listing Date | October 8, 2010 |
| BSE Script Code | 533264 |
| NSE Symbol | ESL |
| ISIN | INE481K01013 |
| Final Issue Price | ₹11 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹11.00 |
| ₹12.35 |
| ₹9.35 |
| ₹12.35 |
| ₹11.25 |
| NSE |
|---|
| ₹11.00 |
| ₹11.15 |
| ₹9.35 |
| ₹11.85 |
| ₹11.25 |
Electrosteel Integrated Ltd
801, Uma Shanti Apartments,
Kanke Road,
Ranchi - 834 008, Jharkhand, India
Phone: +91 651 2231636
Email: eil.investors@electrosteel.com
Website: http://www.electrosteel.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: electro.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Electrosteel IPO is a main-board IPO of 225,516,188 equity shares of the face value of ₹10 aggregating up to ₹248.07 Crores. The issue is priced at ₹10 to ₹11 per share. The minimum order quantity is 600 Shares.
The IPO opens on September 21, 2010, and closes on September 24, 2010.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Electrosteel IPO opens on September 21, 2010 and closes on September 24, 2010.
Electrosteel IPO lot size is 600 Shares, and the minimum amount required is ₹6,600.
You can apply in Electrosteel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Electrosteel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Electrosteel IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
I have appied for 2400 share and git 600.Now i want to know how can i get my money back?
Regards,
Nitin