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Prakash Steelage IPO is a book built issue of Rs 68.75 crores.
Prakash Steelage IPO bidding started from August 5, 2010 and ended on August 10, 2010. The shares got listed on BSE, NSE on August 25, 2010.
Prakash Steelage IPO price band is set at ₹100 to ₹110 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Keynote Financial Services Ltd is the book running lead manager of the Prakash Steelage IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Prakash Steelage IPO RHP for detailed information.
| IPO Date | August 5, 2010 to August 10, 2010 |
| Listing Date | August 25, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹110 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 6,250,000 shares (aggregating up to ₹68.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 11,250,000 |
| Share holding post issue | 17,500,000 |
Prakash Steelage IPO offers 6,250,000 shares. 3,075,000 (49.20%) to QIB, 922,500 (14.76%) to NII, 2,152,500 (34.44%) to RII, 100,000 (1.60%) to employees. 35,875 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 1,860 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,075,000 (49.20%) | NA |
| NII (HNI) Shares Offered | 922,500 (14.76%) | |
| Retail Shares Offered | 2,152,500 (34.44%) | 35,875 |
| Employee Shares Offered | 100,000 (1.60%) | NA |
| Total Shares Offered | 6,250,000 (100%) |
Investors can bid for a minimum of 60 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 | 60 | ₹6,600 |
| Retail (Max) | 30 | 1800 | ₹198,000 |
| Lot Size Calculator | |||
The Promoter's of the company are:
1. Mr. Prakash C. Kanugo, (56 years) is the Promoter, Chairman & Managing Director of the Company.
2. Mr. Ashok M. Seth, (36 years) is the Promoter Director of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 64.29% |
Incorporated in 1991, Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of- the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.
PSL is also a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. To meet the increasing demand, they propose a backward integration cum expansion of manufacturing facilities at their existing unit in Umbergaon, Gujrat.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 19,191.02 | 32,247.36 | 23,238.20 | 16,005.63 | 9,894.02 | 6,147.99 |
| Profit After Tax (PAT) | 746.10 | 749.71 | 820.38 | 314.30 | 81.00 | 33.81 |
| KPI | Values |
|---|---|
| RoNW | 35.03% |
The Objects of the Issue are:
1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;
2. Meet the additional working capital requirement;
3. General corporate purpose;
4. Meet the issue expenses; and
5. List the equity shares of the company on the stock exchanges.
The Prakash Steelage IPO is subscribed 4.53 times on August 10, 2010 5:00:00 PM. The public issue subscribed 6.62 times in the retail category, 1.27 times in the QIB category, and 10.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.27 |
| NII | 10.91 |
| Retail | 6.62 |
| Employee | 1.02 |
| Total | 4.53 |
CARE has assigned an IPO Grade 2 to Prakash Steelage 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 Prakash Steelage Ltd.
Prakash Steelage Ltd IPO, Prakash Steelage IPO, Prakash Steelage IPO Bidding, Prakash Steelage IPO Allotment Status, Prakash Steelage drhp and Prakash Steelage Ltd IPO listing.
| Listing Date | August 25, 2010 |
| BSE Script Code | 533239 |
| NSE Symbol | PRAKASHSTL |
| ISIN | INE696K01024 |
| Final Issue Price | ₹110 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹110.00 |
| ₹118.55 |
| ₹117.00 |
| ₹201.90 |
| ₹187.95 |
| NSE |
|---|
| ₹110.00 |
| ₹122.00 |
| ₹117.00 |
| ₹200.00 |
| ₹185.35 |
Prakash Steelage Ltd
Prakash Steelage Ltd
701, Mahalaxmi Chambers,
Dr. Bhulabhai Desai Road, Mumbai- 400026
Phone: +91-022-2352 6513 / 6514
Email: cs@prakashsteelage.com
Website: http://www.prakashsteelage.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Prakash Steelage IPO is a main-board IPO of 6,250,000 equity shares of the face value of ₹10 aggregating up to ₹68.75 Crores. The issue is priced at ₹100 to ₹110 per share. The minimum order quantity is 60 Shares.
The IPO opens on August 5, 2010, and closes on August 10, 2010.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Prakash Steelage IPO opens on August 5, 2010 and closes on August 10, 2010.
Prakash Steelage IPO lot size is 60 Shares, and the minimum amount required is ₹6,600.
You can apply in Prakash Steelage 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 Prakash Steelage IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prakash Steelage IPO allotment status.
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