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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.
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 Size | 57,000,000 shares (aggregating up to ₹3,477.00 Cr) |
Issue Type | Book Built Issue FPO |
Listing At | BSE, NSE |
Share holding pre issue | 902,214,196 |
Share holding post issue | 959,214,196 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 19,425,000 (39.91%) | NA |
NII (HNI) Shares Offered | 8,325,000 (17.10%) | |
Retail Shares Offered | 19,425,000 (39.91%) | 1,942,500 |
Employee Shares Offered | 1,500,000 (3.08%) | NA |
Total Shares Offered | 48,675,000 (100%) |
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 |
The promoter of the Company is Tata Sons Limited.
Share Holding Pre Issue | 32.69% |
Share Holding Post Issue |
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.
Particulars | For the year/period ended (in Rs. Million) | |||||
30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
Total Income | 567,136.1 | 1,035,789.7 | 1,475,949.3 | 1,320,094.9 | 254,317.4 | 204,583.9 |
Profit After Tax (PAT) | 37,584.2 | (21,208.4) | 48,492.4 | 123,217.6 | 41,656.1 | 37,210.7 |
KPI | Values |
---|---|
RoNW | 13.4% |
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.
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)
Category | Subscription (times) |
---|---|
QIB | 10.41 |
NII | 7.21 |
Retail | 1.60 |
Employee | 0.06 |
Total | 6.03 |
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.
Listing Date | February 2, 2011 |
BSE Script Code | 500470 |
NSE Symbol | TATASTEEL |
ISIN | INE081A01012 |
Final Issue Price | ₹610 per share |
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 |
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
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
Lead Manager Reports
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.
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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.......