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Home All IPOs Electrosteel Steels Ltd. IPO
Electrosteel Steels Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹11
Issue Price
₹11
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹11
GMP based
Lot Size
600
shares / lot
Min Amount
₹6,600
1 lot · 600 shares
Live Price
tap to chart
Allotment
Important Dates
3/3 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
21 Sep 2010
Tue Completed
Done
Close Date
24 Sep 2010
Fri Completed
TBA
Allotment
TBA
TBA
TBA
Refund
TBA
TBA
TBA
Demat Credit
TBA
TBA
Done
Listing Date
08 Oct 2010
Fri Completed
UPI Deadline: 24 Sep 2010
Issue Details
Pricing & Size
Issue Price
₹11 Face ₹10
Lot Size
600 shares
Min Investment
₹6,600
Total Issue Size
25,93,43,616 shares (aggregating up to ₹285.28 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
15,56,06,170 (60.00%)
NII / HNI
15,56,06,170 (60.00%)
Retail
7,78,03,084 (30.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
1,80,90,18,835 shares
Post-Issue Shareholding
2,06,83,62,451 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 600 ₹6,600
HNI / NII 31 18,600 ₹2,04,600
bHNI / bNII 152 91,200 ₹10,03,200
Objects of Issue
3 objectives
1
1 To part finance the construction of Integrated Steel and D.I. pipe plant having a capacity of 2.2 MTPA in Jharkhand, India
249.23 Cr
2
2 Margin money towards Bank Guarantees
22.00 Cr
3
3 General Corporate Purposes
145.49 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Edelweiss Financial Services Ltd.
Axis Capital Ltd.
SBI Capital Markets Ltd.
IPO Timeline
Open
21 Sep
✓ Done
Close
24 Sep
✓ Done
Allotment
TBA
Listing
08 Oct
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
electro.ipo@karvy.com
Company Contact
Email
eil.investors@electrosteel.com
Phone
+91 651 2231636
Address
801, Uma Shanti Apartments, Kanke Road Ranchi, Jharkhand, 834008
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹11
Est. Listing
₹11
Lot Size
600 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Electrosteel Steels Ltd. LIVE
INR ·
vs Issue
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Mkt Cap
P/E
52W H
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| Price
Market Reference
IPO Issue Price
₹11
GMP
+₹0 (+0%)
GMP Est. Listing
₹11
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 15,56,06,170 (60.00%) ₹17,116.68 Cr
NII / HNI (Total) 15,56,06,170 (60.00%) ₹17,116.68 Cr
Retail Investors 7,78,03,084 (30.00%) ₹8,558.34 Cr
Total ** 25,93,43,616 (100.00%) ₹285,277.98 Cr
* Based on ₹11.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
15,56,06,170 (60.00%)
NII
15,56,06,170 (60.00%)
Retail
7,78,03,084 (30.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial data not available

About Electrosteel Steels Ltd.

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.

Frequently Asked Questions
What is the issue price of Electrosteel Steels Ltd. IPO?
The issue price of Electrosteel Steels Ltd. IPO is ₹11 per share, face value ₹10.
What is the lot size?
Minimum lot size is 600 shares, requiring ₹6,600.
What are the IPO dates?
Opens 21 Sep 2010, closes 24 Sep 2010.
When is the listing date?
Tentative listing: 08 Oct 2010 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹11 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Electrosteel Steels Ltd. IPO

Check on Registrar
Post-IPO Timeline
Listing Date
08 Oct 2010
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹11
Face ₹10
Lot Size
600
shares / lot
Min Amount
₹6,600
1 lot
Est. Listing
₹11
GMP +₹0
Key Dates
Open
21 Sep Done
Close
24 Sep Done
Listing
08 Oct Done
Registrar
Kfin Technologies Ltd.
A
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