Gyscoal Alloys Ltd IPO (Gyscoal Alloys IPO) Detail

October 13, 2010 - October 15, 2010

Gyscoal Alloys IPO is a book built issue of Rs 54.67 crores.

Gyscoal Alloys IPO bidding started from October 13, 2010 and ended on October 15, 2010. The shares got listed on BSE, NSE on October 27, 2010.

Gyscoal Alloys IPO price band is set at ₹65 to ₹71 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,390.

Chartered Capital And Investment Limited is the book running lead manager of the Gyscoal Alloys IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Gyscoal Alloys IPO RHP for detailed information.

Gyscoal Alloys IPO Details

IPO Date	October 13, 2010 to October 15, 2010
Listing Date	October 27, 2010
Face Value	₹10 per share
Price Band	₹65 to ₹71 per share
Lot Size	90 Shares
Total Issue Size	7,700,000 shares (aggregating up to ₹54.67 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	8,127,556
Share holding post issue	15,827,556

Gyscoal Alloys IPO Reservation

Gyscoal Alloys IPO offers 7,700,000 shares. 3,850,000 (50.00%) to QIB, 1,155,000 (15.00%) to NII, 2,695,000 (35.00%) to RII. 29,944 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,880 shares. (in case of oversubscription)

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	-	NA
QIB Shares Offered	3,850,000 (50.00%)	NA
NII (HNI) Shares Offered	1,155,000 (15.00%)
Retail Shares Offered	2,695,000 (35.00%)	29,944
Total Shares Offered	7,700,000 (100%)

Gyscoal Alloys IPO Lot Size

Investors can bid for a minimum of 90 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	90	₹6,390
Retail (Max)	31	2790	₹198,090
Lot Size Calculator

Gyscoal Alloys IPO Promoter Holding

The Promoters of the Company are:
1. Mr. Viral M. Shah
2. Mr. Manish M. Shah
3. Mrs. Giraben K. Solanki
4. Mr. Zankarsinh K. Solanki
5. General Capital And Holding Company Private Limited

Share Holding Pre Issue	99.81%
Share Holding Post Issue	51.25%

About Gyscoal Alloys Ltd

Incorporated in 1999, Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill.

Company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. The Company also manufactures squares, and Flat in sizes of the specification as per requirement of its customers.

The Company�s products adhere to high quality standards and it has got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems.

Company Financials

Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income		12,558.15	13,238.18	7,776.26	3,248.96	670.11
Profit After Tax (PAT)		178.86	730.55	280.18	56.48	22.21

Key Performance Indicator

KPI	Values
RoNW	14.65%

Check Gyscoal Alloys IPO Peer Comparison here.

Objects of the Issue (Gyscoal Alloys IPO Objectives)

The Object of the issue are:

1. To finance capital exp. for enhancing production;
2. To meet the long term working capital requirements;
3. To meet general corporate purpose.

Gyscoal Alloys IPO Subscription Status (Bidding Detail)

The Gyscoal Alloys IPO is subscribed 8.59 times on October 15, 2010 5:00:00 PM. The public issue subscribed 8.00 times in the retail category, 1.54 times in the QIB category, and 33.44 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	1.54
NII	33.44
Retail	8.00
Total	8.59

Gyscoal Alloys Ltd IPO Grading / Rating

CARE has assigned an IPO Grade 2 to Gyscoal Alloys Ltd IPO. This means as per CARE company has 'Below 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 Gyscoal Alloys Ltd.

h2>Gyscoal Alloys Ltd IPO Tags:

Gyscoal Alloys IPO, Gyscoal Alloys IPO, Gyscoal Alloys IPO Bidding, Gyscoal Alloys IPO Allotment Status, Gyscoal Alloys drhp and Gyscoal Alloys Ltd IPO listing.

Gyscoal Alloys IPO Prospectus

› Gyscoal Alloys IPO DRHP
› Gyscoal Alloys IPO RHP
› Gyscoal Alloys IPO Application Form Download

Gyscoal Alloys IPO Rating

171

4.1

Rating:

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Gyscoal Alloys IPO Listing Details

Listing Date	October 27, 2010
BSE Script Code	533275
NSE Symbol	GAL
ISIN	INE482J01013
Final Issue Price	₹71 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade

BSE
₹71.00
₹76.60
₹76.60
₹112.70
₹81.55

NSE
₹71.00
₹75.15
₹75.15
₹112.50
₹81.65

Check IPO Performance…

Gyscoal Alloys Ltd Contact Details

Gyscoal Alloys Ltd
2nd Floor Mrudul Tower,
B/H Times of India Ashram Road,
Ahmedabad - 380009, Gujarat
Phone: 91 79 66614508
Email: info@gyscoal.com
Website: http://www.gyscoal.com/

Gyscoal Alloys IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: gal.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Gyscoal Alloys IPO - Buy or Not

Gyscoal Alloys IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	0	0	0
Members	0	0	0

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Gyscoal Alloys IPO Lead Manager(s)

Chartered Capital And Investment Limited (Past IPO Performance)

Lead Manager Reports

Gyscoal Alloys IPO FAQs

Gyscoal Alloys IPO is a main-board IPO of 7,700,000 equity shares of the face value of ₹10 aggregating up to ₹54.67 Crores. The issue is priced at ₹65 to ₹71 per share. The minimum order quantity is 90 Shares.

The IPO opens on October 13, 2010, and closes on October 15, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Gyscoal Alloys IPO opens on October 13, 2010 and closes on October 15, 2010.

Gyscoal Alloys IPO lot size is 90 Shares, and the minimum amount required is ₹6,390.

You can apply in Gyscoal Alloys 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 Gyscoal Alloys IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gyscoal Alloys IPO allotment status.

The Gyscoal Alloys IPO listing date is on October 27, 2010.

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Gyscoal Alloys IPO Message Board

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477 Comments

Stock Discussion

477. Ajayshare | Link | Bookmark |December 10, 2010 2:48:40 PM (200+ Posts)

TO 477. peegee : SELL AND GO FOR OTHER

476. peegee | Link | Bookmark |December 8, 2010 4:49:55 PM

What to do in this shares it down upto rs 40. /- pl. give me adv. sell hold or buy for avg.

475. ravi nair | Link | Bookmark |November 26, 2010 5:26:32 PM

Claris is the rebirth of Core Parentals Ltd. The promoters of Core, including the parents of the present promoter, enmassed huge money from public and after a few years, company went in liquidation leaving the investors in lurch. This also may not be a different story. A wise investor will avoid this issue.

474. a b | Link | Bookmark |November 4, 2010 1:31:29 PM

Buy for intraday trade for target 87 (20%) upper circuit..

473. Dash | Link | Bookmark |November 2, 2010 7:12:49 PM

Hi ,

I am also new to market, but the problem , is taht, when ever, I bought some script, it comming donw in the later stage.

I have earned a good profit, on syndicate bank, around 900 , and this was done, with out any bodys help, I saw which script is below in the <<52 low>> I found this script, and it up and booked my proft.

As like I though , I need to buy some script on the listing, and sell them , I see Gyscoal is doing good, touches 106 so I trigger the buttom, but then the next moment it going down and down.
Ultimately I thought to exit with Rs30 loss per share on 40 share.

Thinking of investing this money in listing of Coal Inida ?

472. Truth Seeker | Link | Bookmark |November 1, 2010 12:13:23 AM

Hi ChemCho,

Can you please talk in more detail about your method for past 40 years? I did not understand much about this 10 share thingie you talked about. I'm sure there are alot of people out there who would be benefitted.

Thanks in advance!

471. Chem cho | Link | Bookmark |October 29, 2010 2:14:30 PM

IPO Guru (2600+ Posts, 2700+ Likes)

LOST IN MARKET
SINCE YOU ARE EMPLOYED OR HAVE GOOD BUSSINES AND LOST IN THE MARKET IS NOT TO WORY
HAVE BOOKED YOU LOSS IN INCOME TAX RETURN
AT THE MARKET OF 20000 SENSEX IS NOT WORTH INVESTING IN SIP
I AM ALSO TOTALLY AGAINST INVESTING IN MUTAL FUNDS AT THIS RATE OF SENSEX OF 20000 AND ABOVE
INVEST IN GOOD IPO GRADE 4 OR GRADE 5 SELL ALL YOUR INITAL INVESTMENT AND KEEP SHARES ONLY OF PROFIT
THIS I AM DOING LAST 40 YEARS
YOU CAN HAVE JUST 10 SHARES OF COAL INDIA AFTER SELLING ALL YOU HAVE ALLOTTED
JUST 10 SHARES OF POWER GRID APPLY IN IPO AND SELL ALL EXEPT 10 SHARES
GO ON DOING THIS FOR 20 YEARS YOUR RETURN WILL ME MAXIMUM THAN SIP OR MUTUAL FUNDS
BY DOING THIS YOU WILL NOT HAVE THE FEER OF HARASHAD METHA KETAN PAREEK AND THE EURO OR THE USA HOUSING DATA OR USA DOLLAR INDEX
AGAIN YOU HAVE TO THINIK WHICH SHARES YOU HAVE TO SELL FROM THE 10 OR 5 SHARES YOU HAVE AN GOOD EXAMPLE TODAY IS OF SKS MICRO
CONTACT YOUR TAX CONSULTANT AND ASK HIM IF YOU CAN FILE AN REVISED TAX RETURN FOR THE LOSSES YOU MADE IN 1997 OR 1998
GOOD DAY AND GOD BLESS YOU

470. Lost in Market | Link | Bookmark |October 28, 2010 9:25:58 PM

@475. Ravi, Bangalore. Thanks for suggestion. I am also planing to remove Tourism Finance and Ankur Drugs and want to add Smartlink. I also found one more stock which can be multi-bagger (10 bagger even) in long term. It is Arman Financials. it is Micro Finance company from Gujarat and seems to be good candidate from today's date. Please have a look at this and suggest me. You can also have a look at this URL: http://www.min10bagger.com/ for Arman Financials infomation.

Smartlink seems to be good choice for long term.

Also, LIC is going to split soon (Face Value will be Rs. 2). Is it advisable to buy it after split or better to buy GIC Housing Finance for the same kind of return (700-800% in 2-3 years).

Please suggest. Pls help me building my portfolio so that I can cover my loss. :(

Regards,
Akash....

469. Ravi, Bangalore | Link | Bookmark |October 28, 2010 6:11:49 PM (300+ Posts)

GAL 83- Book value is around 57 after collecting funds through IPO proceeds.

P/E is market value & Book Value is based on balance sheet numbers. It is running company. Hence, investors can pay some premium. In other words, you can pay some premium to its earnings. But, you are bought & caught at 108. Thus, you are paying high premium for its earnings.

Technically, it is facing resistance in 93 - 113 area. Support in 81-75 area, 68, 53 or even below 31 (Data insufficient for technical analysis).

Average could be better opiton at 68 & 53.

Review required after one month of trading.

468. Suresh MSS | Link | Bookmark |October 28, 2010 4:47:53 PM

what will happend if lots are reduced

467. sri nivas | Link | Bookmark |October 28, 2010 4:19:10 PM

Ravi bangalore, what's your kind advice - Bought 800 @ 107.65 , now curretlt trading at 83.15 - should i book loss or hold(how long). Is there any chance of recoveryyy ?

466. Ravi, Bangalore | Link | Bookmark |October 28, 2010 4:10:35 PM (300+ Posts)

467. Lost in Market

Don't make long-term investment in financial & auto sector. In addition, due digilence required about Kolkata Steel companies like Electosteel as you can't take their balance sheet numbers on its face-value.

Sometime later, I will explain high promoters hook & cook balance sheet numbers in Kolkata based steel companies & Mumbai-Ahmedabad region small-cap textile companies.

465. sri nivas | Link | Bookmark |October 28, 2010 3:44:06 PM

hi , lost in market sir, even i am in the same boat, i have lost 25 k in this stock yesterday. Do u have any idea at what price it will settle today , less than 76 ?

464. Lost in Market | Link | Bookmark |October 28, 2010 3:15:00 PM

@472. a b. Risk zone but I think it should cross 112 (highest price) and then only it can decide the movement.

463. a b | Link | Bookmark |October 28, 2010 2:41:09 PM

What's going on???
Risky zone..
can any one give target for today?

462. patel | Link | Bookmark |October 27, 2010 9:40:57 PM

452. Santosh P

happy listing

bhai ye operator bez share the kimat to vohi nakki karege ne !!!!!
badhiya 100 ke aas-pass bhav mila sab invester ko

461. Sheil | Link | Bookmark |October 27, 2010 8:55:46 PM

@ Shreedhar

Ur call on BS transcomm was too good. I exited Gyscoal at 99.7..if only i had bought BS today..wudve doubled the moolah in a day

460. Arti | Link | Bookmark |October 27, 2010 8:24:41 PM

to savan
Please note that the grading done by the agencies are not giving the grade based on the issue/offer price. They are looking at the fundamental of the company only!!!. Not price . we are looking at the price not the fundamental. So forget about the grading.
No comparision can be done between these two companis their size,bussiness etc. are wildly different.
Only you can compare its listing gain %. And enjoy. Hope ( do not pray) CIL gives more % ROI.

459. rakeeblr | Link | Bookmark |October 27, 2010 8:10:52 PM

hello whats the premium of cil latest

458. Lost in Market | Link | Bookmark |October 27, 2010 8:00:21 PM

@465. KK Natarajan. I am agree with you. I have prepared a list of stocks which includes:

PVP Ventures
K Sera Sera
Tanla Solutions
Taneja Aerospace
SJVN
Tourism Finance
Confidence Pentro
KGL
Unitech
Castrol
Gitanjali Gems
Central Bank of India
Ankur Drugs
TRIL
Electrosteel
MosarBear
GAEL

I am planing to buy them in SIP every month and expect that they all will give min 500% to 1000% return in less than 3 years. However, my worry is that market is going up and up and few days back I calculated that 6k should be fine to buy these shares every month in SIP, today it is close to 7k. If this continue, then I may need to spend min 10k/ month to buy these shares in my desired qnty.

The best way is to invest in one shot and then wait. If I can do this, I will be even more happy if market crashes like anything so that I can buy more of the same and can bring down my average price more than 50%. Let's see.

I did not average it last time in 2008 and that is the only reason why I went on to lose 4 lakhs. Had I averaged for hardly 5-6k, I would have saved 4 lakhs in last 2+ years.

In the list above, I am also not sure if I should include Gitanjali Gems, Ankur Drugs, Tourism Finance or not or buy HDFC, LIC and Tata Motors instead of them. :( But they are very expensive. However, I am expecting that they will still give min 1000% return in 3-4 years.