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IPO Details


ESL Steel Ltd
Registered Office: 801 Uma Shanthi Apartments, Kanke Road, Ranchi - 834008, Jharkhand
Phone: 91-0651-2285636
Email: eil.investors@electosteel.com
Website: www.eslsteel.com
Public issue of 225,516,188 equity shares of Rs. 10 each of Electrosteel Steels Limited (The Company or The Issuer) for cash at a price of Rs. 11 per equity share (including a share premium of Re. 1 per equity share) aggregating to Rs. 248.07 crores (The Issue). There will also be a Green Shoe Option of up to 33,827,428 equity shares for cash at a price of Rs. 11 per equity share not exceeding Rs. 37.21 crores (The Green Shoe Option). The issue and the Green Shoe Option, if exercised in full, will aggregate to 259,343,616 equity shares amounting to Rs. 285.28 crores. The issue will constitute 11.08% of the fully diluted post issue paid-up capital of the company assuming that the Green Shoe Option is not exercised and 12.54% of the fully diluted post issue paid-up capital of the company assuming that the Green Shoe Option is exercised in full. Issue price : Rs. 11 per equity share of face value Rs. 10 each The issue price is 1.1 times the face value
Issue Money Payable On
Opens On Closes On Application Allotment
21-Sep-2010 24-Sep-2010 11.00 0.00
Minimum Application for shares in Nos : 600 Further Multiples of : 600
()Cr. Lead Managers to the Issue
Project Cost 7,529.49 Edelweiss Capital Ltd
Project Financed through Current Offer 248.07
Post Issue Equity Share Capital 0.00
Issue Price 11.00
Projects
To part finance the const. of Integ. Steel Plant
Margin money towards bank guarantees
General corporate purposes
Promoted By
Electrosteel Castings Ltd
Listing At
BSE
NSE
Registrar to the Issue
Karvy Computershare Pvt Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

18258.57 245.41(1.36%)