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Electrosteel Steels Ltd.

Electrosteel Steels Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹11
₹11
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹11
Based on GMP
Min. Investment
₹6,600
1 lot × 600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
21 Sep 2010
Close Date
24 Sep 2010
Allotment
30 Sep 2010
Listing Date
08 Oct 2010
Exchange
NSE & BSE
Price Band
₹11
Listing Price
See chart
Allotment Status
Price Band
₹11
Per share
Face Value
₹10 per share
 
Lot Size
600 Shares
per lot
Issue Size
25,93,43,616 shares (aggregating up to ₹285.28 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹6,600
1 lot
Pre-IPO Holding
1,80,90,18,835 shares
Promoters
Post-IPO Holding
2,06,83,62,451 shares
Promoters
UPI Deadline
2010-09-24
Mandate
Anchor AllotmentMon, 20 Sep 2010
Basis of AllotmentThu, 30 Sep 2010
Refund InitiationFri, 01 Oct 2010
Demat CreditFri, 01 Oct 2010
Listing DayFri, 08 Oct 2010
UPI Mandate Deadline2010-09-24
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Electrosteel Steels Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Sep 2010.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
259,343,616
100% ₹285.28
IPO Shares Offered
Electrosteel Steels Ltd. IPO total issue size: ₹285.28 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 259,343,616 ₹285.28
100.00%
* Based on upper price band ₹11 per share
Lot Size & Investment
Lot Size
600
Shares per Lot
Issue Price
₹11.00
Upper Band
Min Investment
₹6,600
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,200₹13,200
Retail (Max — 30 Lots)3018,000₹198,000
S-HNI (Min — 31 Lots)3118,600₹204,600
B-HNI (Min — 152 Lots)15291,200₹1,003,200
* Issue Price ₹11 × Lot Size 600 shares
IPO Schedule
Anchor
20 Sep 2010
✓ Done
IPO Open
21 Sep 2010
✓ Done
IPO Close
24 Sep 2010
✓ Done
Allotment
30 Sep 2010
✓ Done
Refunds
01 Oct 2010
✓ Done
Demat Credit
01 Oct 2010
✓ Done
Listing Day
08 Oct 2010
✓ Done
Electrosteel Steels Ltd. — Live Price LIVE
₹11.00
INR · BSE
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Issue ₹11.00 Live Price
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.
Objects of the Issue
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
2
2 Margin money towards Bank Guarantees
3
3 General Corporate Purposes
Electrosteel Steels Ltd. Financials (Amount in Rs Cr)
Revenue from Operations
N/A
FY 2022-23
N/A
FY 2023-24
N/A
FY 2024-25
Profit After Tax (PAT)
N/A
FY 2022-23
N/A
FY 2023-24
N/A
FY 2024-25
ParticularsFY 2024-25FY 2023-24FY 2022-23
Revenue from Operations N/A N/A N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) N/A N/A N/A
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Financial data will be published once DRHP/RHP is filed with SEBI.
Issue Structure & Shareholding
Total Shares Offered25,93,43,616 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding1,80,90,18,835 shares
Post-Issue Promoter Holding2,06,83,62,451 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Edelweiss Financial Services Ltd.
Axis Capital Ltd.
SBI Capital Markets Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Electrosteel Steels Ltd. IPO subscribed?

Electrosteel Steels Ltd. IPO is subscribed 1.00 times by Sep 24, 2010. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Electrosteel Steels Ltd. IPO retail subscription status?

The Electrosteel Steels Ltd. IPO retail category is subscribed 1.00 times as of 24 Sep 2010. The retail portion is oversubscribed.

How to subscribe Electrosteel Steels Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 21 Sep 2010 and closes 24 Sep 2010. Min investment: ₹6,600 (1 lot = 600 shares). UPI mandate: 2010-09-24.

How many times Electrosteel Steels Ltd. IPO subscribed?

The Electrosteel Steels Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Electrosteel Steels Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Sep 2010. Refunds: on 01 Oct 2010.

When Electrosteel Steels Ltd. IPO will be listed?

The Electrosteel Steels Ltd. IPO listing date is 08 Oct 2010, Friday. Listed on: NSE & BSE. Issue price: ₹11. Estimated listing: ₹11. GMP: NIL.

When Electrosteel Steels Ltd. IPO close?

The Electrosteel Steels Ltd. IPO closes on 24 Sep 2010, Friday. UPI mandate: 2010-09-24. Allotment: 30 Sep 2010. Listing: 08 Oct 2010.