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Tata Steel Ltd FPO (Tata Steel FPO) Detail

January 19, 2011 - January 21, 2011

Tata Steel FPO is a book built issue of Rs 3,477.00 crores.

Tata Steel FPO bidding started from January 19, 2011 and ended on January 21, 2011. The shares got listed on BSE, NSE on February 2, 2011.

Tata Steel FPO price band is set at ₹594 to ₹610 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹6,100.

Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited and Standard Chartered Securities (India) Limited are the book running lead managers of the Tata Steel FPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Tata Steel FPO RHP for detailed information.

Tata Steel FPO Details

IPO Date January 19, 2011 to January 21, 2011
Listing Date February 2, 2011
Face Value ₹10 per share
Price Band ₹594 to ₹610 per share
Lot Size 10 Shares
Total Issue Size57,000,000 shares
(aggregating up to ₹3,477.00 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE
Share holding pre issue902,214,196
Share holding post issue959,214,196

Tata Steel FPO Reservation

Tata Steel FPO offers 48,675,000 shares. 19,425,000 (39.91%) to QIB, 8,325,000 (17.10%) to NII, 19,425,000 (39.91%) to RII, 1,500,000 (3.08%) to employees. 1,942,500 RIIs will receive minimum 10 shares and (sNII) and (bNII) will receive minimum 330 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered19,425,000 (39.91%)NA
NII (HNI) Shares Offered8,325,000 (17.10%)
Retail Shares Offered19,425,000 (39.91%)1,942,500
Employee Shares Offered1,500,000 (3.08%)NA
Total Shares Offered48,675,000 (100%)

Tata Steel FPO Lot Size

Investors can bid for a minimum of 10 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 10 ₹6,100
Retail (Max) 32 320 ₹195,200
Lot Size Calculator

Tata Steel FPO Promoter Holding

The promoter of the Company is Tata Sons Limited.

Share Holding Pre Issue 32.69%
Share Holding Post Issue

About Tata Steel Ltd

Incorporated in 1907, Tata Steel Ltd is India’s largest steel companies with a steel production capacity of approximately 27.2 mtpa. The Company has a presence across the entire value chain of steel manufacturing, including producing and distributing finished products as well as mining and processing iron ore and coal for its steel production. According to WSA, the company was the seventh largest steel company in the world in terms of crude steel production volume in 2009. Tata Steel's operations are primarily focused in India, Europe and other countries in Asia Pacific. In Financial Year 2010, the Company’s operations in Europe and India represented 62.9% and 28.8%, respectively, of its total steel production.

Tata Steel Ltd offers a broad range of steel products including a portfolio of high value-added downstream products such as hot rolled coils, sections, plates and wires. Tata Steel is also a large producer of ferro chrome in India. The Company’s customers primarily comprise the construction, automotive, aerospace, consumer goods and material handling and general engineering industries.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
30-Sep-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income567,136.11,035,789.71,475,949.31,320,094.9254,317.4204,583.9
Profit After Tax (PAT)37,584.2(21,208.4)48,492.4123,217.641,656.137,210.7

Key Performance Indicator

Objects of the Issue (Tata Steel FPO Objectives)

The objects of the Issue are to:

1. Part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur;
2. Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis; and
3. General corporate purposes.


Tata Steel FPO Subscription Status (Bidding Detail)

The Tata Steel FPO is subscribed 6.03 times on January 21, 2011 5:00:00 PM. The public issue subscribed 1.60 times in the retail category, 10.41 times in the QIB category, and 7.21 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB10.41
NII7.21
Retail1.60
Employee0.06
Total6.03

Tata Steel Ltd FPO Tags:

Tata Steel Ltd FPO, Tata Steel FPO, Tata Steel FPO Bidding, Tata Steel FPO Allotment Status, Tata Steel FPO drhp and Tata Steel FPO listing.

Tata Steel FPO Prospectus

Tata Steel FPO Rating

467
3.8
Rating:Rated 3.8 stars
Vote Here ...

Tata Steel FPO Listing Details

Listing Date February 2, 2011
BSE Script Code 500470
NSE Symbol TATASTEEL
ISIN INE081A01012
Final Issue Price ₹610 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
₹610.00
₹630.15
₹615.65
₹633.85
₹625.70
NSE
₹610.00
₹631.10
₹615.80
₹634.95
₹626.25

Check IPO Performance…

Tata Steel Ltd Contact Details

Tata Steel Ltd
Bombay House,
24 Homi Mody Street,
Fort, Mumbai - 400001, Maharashtra
Phone: 91-22-66658282
Email: cosec@tatasteel.com
Website: http://www.tatasteel.com

Tata Steel FPO Registrar

Link Intime India Private Ltd

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

Tata Steel FPO FAQs

Tata Steel FPO is a main-board FPO of 57,000,000 equity shares of the face value of ₹10 aggregating up to ₹3,477.00 Crores. The issue is priced at ₹594 to ₹610 per share. The minimum order quantity is 10 Shares.

The FPO opens on January 19, 2011, and closes on January 21, 2011.

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

The Tata Steel FPO opens on January 19, 2011 and closes on January 21, 2011.

Tata Steel FPO lot size is 10 Shares, and the minimum amount required is ₹6,100.

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

The Tata Steel FPO listing date is on February 2, 2011.
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Tata Steel FPO Message Board

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409 Comments

409. Gem ipo finder |   Link |  Bookmark |February 23, 2011 6:31:37 PM
gane

nothing special can be expected for tomorrow than rs.10 up for tata steel.....

some one bought around 4-5 lacs shares at once and at any price, sell side was almost nil for a second.......
408. Gane |   Link |  Bookmark |February 23, 2011 4:12:12 PM (400+ Posts)
Gem,

Howcome thats possible to touch that much high price for few seconds. Any idea about it? What can be expected for tomorrow in this counter?

Gane.
407. Gem ipo finder |   Link |  Bookmark |February 23, 2011 3:31:14 PM
today

tata steel suddenly touched high of 737 @ 3:26 pm

and my shares that where on que to sell@ 640 got sold....

check through nse
406. M Gupta |   Link |  Bookmark |February 14, 2011 12:34:46 PM
IPO Guru IPO Guru (1100+ Posts, 3300+ Likes)
DEAR ALL,

RELIANCE ANIL AMBANI GROUP IS FACING SEVERE CASH CRISIS, MUKESH AMBANAI MAY ALSO GET AFFECTED ..... 2G SCAM, HIGH INFLATION, PETROL PRICES GOING ROCKET HIGH, HIGHER INTREST RATES BY BANKS, OTHER BIG SCAMS MAY ANY TIME TAKE MARKETS BELOW 4500 NIFTY....


IF THIS HAPPENS SHARES WILL LOOSE LIKE ANYTHING....


KEEP DISTANCE FROM MARKETS FOR SOME TIMES....
405. pakka hindustani |   Link |  Bookmark |February 9, 2011 12:06:34 PM
Tata Steel FPO price touched 605 today ( belwo issue price) . Is it safe to buy for target of 650 in one month. Please advise.
404. jhon k |   Link |  Bookmark |February 7, 2011 10:49:28 PM
What would be the TATA steel status will it cross 700?
and please update me about IDBI? i purchased it when it was 151.
403. Chem cho |   Link |  Bookmark |February 7, 2011 3:31:09 PM
IPO Guru IPO Guru (2600+ Posts, 2700+ Likes)
403 SHEEDHAR
I HAVE TRACKING YOU LAST ONE YEAR HOW YOU SAY YOU LOST RS 75000 IN ONE IPO PL LET ME KNOW WHICH IPO YOU HAVE LOST MONEY I REALLY FEEL SORRY FOR THAT I FEEL IT MAY BE RS 7500 ONLY AND NOT 75000
402. Sreedhar |   Link |  Bookmark |February 6, 2011 1:23:10 PM (900+ Posts)
Dear Challenger,
5200-4800 area is an area of great support for the Nifty.Last year for almost around 10 -11 months Nifty hovered around this range & only after failing 4-5 times to breach 5200 did it cross 5200 decisively & Immediately went to 6400 within short span of time.During this time I invested only in IPOs & made very good returns as at that time good IPOs were sure shot way of minting money.Then came the black day for me personally in coal India listing which killed the golden egg laying goose permanently .Not only did it kill further gains in other IPOs by heavy oversubscription but also I suffered 75000 loss due to a default from one of our boarders.Anyhow now I feel good days will return to IPO market becos fly by way IPO applicants are weeded out from the system.Good IPOs will not receive much enthusiasm & we can make money.In the meanwhile while I was applying for IPOs I increased my SIP in mutual funds by diverting my gains from IPOs to mutual funds .Now I feel this is a good time to buy as Food inflation will surely ebb & the only concern will be commodities inflation.At 5200 these factors are discounted .You can start building your portfolio at this point of time.My top picks will be Bhari airtel,ICICI Bank,LIC Hsg finance ,Reliance & Tata motors(post budget).I have invested in Birla sunlife Dividend yield plus,ICICI Pru discovery fund,Reliance banking fund,DSP -BR Microcap oppurtinities & Reliance small cap fund.
401. Silent Investor |   Link |  Bookmark |February 5, 2011 12:41:12 PM
In my Opinion... Substantial FII investments is all Indian Black Money....that is why major part has remained invested... around 200 billions.. The market is falling so that again there will be investment at lower levels... this is the only route.. with pressure mounting for disclosure of such accounts in the countries like Switzerland etc.. the money shall flow into Stock markets.. again the gains, long term are taxfree.. where else investors can get such benefits. Taxes in most of the countries average around 35-45%. Petrol prices in European countries are in the range of Rs.90-95 per litre that includes UK, Germany, Switzerland etc.
400. CLD |   Link |  Bookmark |February 5, 2011 11:56:41 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@ challenger

At last someone has realised that it is futile to be in direct market. No body gives you advice in share market when you need badly. I will again advise to all especially those who do not know the market dynamics well & who do not have time to remain glued to the market for full day, that they should remain in the market through SIP route of Mutual Funds.

If the investors remember, when the market was at its peak in the month of Nov.,10 when on 5th Nov. Sensex closed at 20,965 & Nifty closed at 6,308, every analyst on CNBC including Udhyan Mukerjee were saying that retail investors have missed the rally. Now that market is about 15% down from that peak but I am sure most of the retail investors are shying away from the market fearing that it may go down further. This is human psycology. In fear you fear more.

Investors lose because they don't enter the market when it is hovering around in the bottom since he does not know what is the bottom. These investors enter only when the market is very high therby invreasing their chances to lose more.

Here I will like to mention that Warran baffet, the most successful investor in share market in the world, has said that you should enter the market when fear in investors mind is at the peak i.e when others are selling, for gaining maximum profits. However actions required for taking such high risks at the height of turmoil when everyone is in selling frenzy is not possible for an ordinary investor. That is why for an ordinary investor maket entry through Mutual fund SIPs is best suited. You don't have to fear ups & downs of the market because you are regularly purchasing at every level of market thereby averaging your cost of aquision. Over the long run as I have alredy given in my previous post, you may end up gaining a tax free income of around 15% compounded annually. Isn't it carefree fantasitic return against any other asset class including real estate. At the same time it is liquid at any point of time. You can redeem for as much amount you like unlike real estate where you have to sell whole property along with the concerns of where to keep No.2 momey you receive. Mutual Fund houses also cannot charge more than Govt. controlled yearly operational cost which is in favour of retail investors. Remember, Govt. enforsed no entry load on mutual funds just to benefit the investors.

So far fund selection is concerned, you should choose 4/5 fund houses with 1/2 funds from each house with two SIPs every month for complete diversification. Monitor the performance of the chosen funds ever 6 months & take couse corrections if required.

Out of HDFC TOP 200 & HDFC equity, the former is more stable than the latter. However both funds have performed very well previously in their category.
399. challenger |   Link |  Bookmark |February 5, 2011 8:01:01 AM
Hi Sreedhar,

Can you tell which share to buy on Monday.

thanks
398. challenger |   Link |  Bookmark |February 5, 2011 7:58:28 AM
CLD sir,

I want to invest in mutual fund. is this good time to invest. I am watching HDFC top 200 and equity fund from some time. Can you share your views on these funds.

Thanks
397. IPOANALYSIS |   Link |  Bookmark |February 4, 2011 11:56:04 PM
HAS ANYONE SEEN A STRATEGY OF CONGRESS WHOM PEOPLE HAVE VOTED.

WHAT HAS BEEN REASON OF MARKET FALLING WHEN GLOBAL MARKETS ARE SO STRONG AND ONLY INDIAN MARKETS ARE GOING DOWN LIKE THIS. EVEN THE EGYPT MARKET WHICH AHS SUCH A MASSACRE HAS NOT FALLEN AS INDIAN MARKETS.THE REASON COULD NOT BE INFLATION ALONE AS EVRY EMERGING MARKETS ARE FACING THAT SITUATION.

IT IS CONGRESS JOINING HANDS WITH F11 WHO RULES THE MARKETS.
I AM SURE ALL RETAILERS HAVE LOST HEAVILY IN MARKET AS 95% OF STOCKS ARE AT ALL TIME LOW. FORGET ABOUT MARKET AT 18000 STOCKS ARE WHAT WERE THEY AT 8000 LEVELS EXCLUDING TATA AND BANKING STOCKS AS NOT EVERYONE OWN THESE 5 STOCKS.

EVERY RETAILER SHOULD COMPLAIN THIS AND MAKE HUGE REVOLT AND THINK TWICE BEFORE VOTING AS PEOPLE IN INDIA STILL HAVE SLAVERY IN THEIR BLOOD AND CANNOT CHANGE THINGS AND THIS TIME THEY ARE SLAVE IN FROMT OF GOVT. CHEERS
396. Jaman Patel |   Link |  Bookmark |February 4, 2011 5:12:51 PM
I brought today Kotak mahindra Bank @ 360/- what future please advice
395. rajivaa |   Link |  Bookmark |February 4, 2011 4:42:22 AM
can anyone recommend a good brokerage? hdfc sec appears to be expensive
394. Sreedhar |   Link |  Bookmark |February 3, 2011 10:16:14 PM (900+ Posts)
Dear Natarjan,
Thanks for the wishes.
Dear Ritesh,
You can sell 60 percent or whole depending on your risk appetite tmrw as we have already made more than 6 percent profit.Rest you can hold till 980 is reached.
Dear Kenshah,
I will take call on ONGC only next month.Presently I am not looking at it .I may short it after it goes ex bonus & split but only after it increases 2-3 percent more from prevailing rate.Tata steel is expected to post strong results hence one can hold till results.I have a neutral opinion on it.
393. outsider |   Link |  Bookmark |February 3, 2011 9:12:52 PM
Buy Kalindee Rail for 2-3 days delivery base.
392. KK Natarajan |   Link |  Bookmark |February 3, 2011 6:29:03 PM (500+ Posts)
SAIL FPO is scheduled for the last week of March 2011. Will it be true this time? Decision on merchant bankers will be taken early next week.
391. Maddanna |   Link |  Bookmark |February 3, 2011 5:42:48 PM
Here is a list of PSUs which government is planning to divest to raise more capital by IPOs and FPOs.

<<<Government PSU IPOs & FPOs in FY 2011-12>>>

1)SAIL
2)ONGC
3)Power Finance Corp
4)Hindustan Copper public
5)IOC
6)Cochin Shipyard
7)NBCC
8)Hindustan Latex
9)Rashtriya Ispat Nigam
10)BHEL
11)Container Corporation of India
12)MMTC
13)Neyveli Lignite Corporation
14)Bharat Electronics
15)Nalco
16)Indian Bank FPO
390. preetparesh |   Link |  Bookmark |February 3, 2011 4:58:42 PM
what next which strategic is best for ongc fpo ? price band near 275 to 300 .