Loha ISPPAT  Ltd is coming up with a further Public Offer  (IPO) of its shares between 11 Mar 2014  to 20 Mar 2014. The price band of issue is Rs. 77 to Rs. 80 per equity Share. Issue extende 24 Mar New Price band 74-77

Issue Details

IPOLoha Ispaat Ltd
Issue Open11 Mar 2014
Issue Close20 Mar 2014
Issue Size 26,705,476 Equity Shares (205.63 Cr to 213.64 Cr)
Price BandRs. 77 - Rs. 80
Bid Lot175 Equity Shares
RegistrarBigshare Services Private Ltd
Cheque in Favour of (Retail Investor)Escrow Account - LIL - R
NRIEscrow Account - LIL - NR
Listing NSE / BSE
 Payment Schedule for Retail Application
No. of SharesPrice per ShareCheque Amount (Rs)
1758014000
3508028000
5258042000
7008056000
8758070000
10508084000
12258098000
140080112000
157580126000
175080140000
192580154000
210080168000
227580182000
245080196000

Company Profile

About Company

Loha Ispaat Ltd wan incorporatea as Loha Ispat Private Ltd on Dec 20, 1988 under the Company Act, 1956 having its registration office in Mumbai, Maharastra. 

Loha Ispaat Ltd, one of the organized Independent Steel Service Centers in India having an existing client base of over 500 customers Pan India, making a major player in the flat steel products (i.e. HR and CR Coils, Sheets and Plates) markets in India.

The Company operate as an Independent Steel Service Centre that purchases raw materials like Hot Rolled Coils, HRPO, Cold Rolled Coils, CRCA, HR Chequered Coils etc. from steel manufacturers and converts them into various shapes and forms through Decoiling / Recoiling, Slitting, Shearing, Cut to Length and other value additions such as Pickling, Oiling, CNC Plasma Cutting, Profiling, Roll Forming, Bell Annealing, Rewinding, Cold Rolling Mill, Skin pass Mill, etc. They serve an important function as an intermediary between primary metal producers that generally sell large volumes of limited sizes and configurations, and end-users that require efficient services and economical quantities of customized products.

The quality standards at their processing facilities are ISO 9001:2008 certified.

Currently, the company operates from two locations in Western Maharastra, i.e. at Khopoli and Taloja, both of which are within a range of 100 kms from Mumbai. The existing Khopoli unit provides varies lines for slitting and CTL facilities and has been operating an installed capacity of 900,000 MTPA, which would stand further, augmented to 2181,900 MTPA post the current expansion proect which has started initial commercial production in Sep., 2012. The Taloja Unit operates manual pickling of HR sheets and plates (annual capacity of 105,000 TPA) and they have also commissioned a Cold Rolling Mill complex with a capacity of 30000 TPA at nearby locations in MIDC Taloja. The proposed CRM complex has started initial commercial production with the automatic push-pull pickling division in Sep., 2012.

Objects of Issue 

  • Fund working Capital Requirements (post expansion of Khopoli and Taloja Plant )
  • Fund expenditure for General Corporate Purposes.

Subscription Details

Subscription Data for 

DateFigure In Share Qty.QIBNIBRetailTotal
Issue Size26,705,4762,670,5478,011,64316,023,286
24 MarSubscribe33229003313800358872510225455
No of times1.240.410.220.38
21 MarSubscribe3322900277567531134259212000
No of times1.240.350.190.34
19 MarSubscribe332290011357509933005451950
No of times1.240.140.060.20
12 MarSubscribe854000-11900865900
No of times0.320.000.010.03
11 MarSubscribe
No of Times

 

Allotment Listing

Registrar of Issue     :    BigShare Service Private Ltd

Listing                           :    NSE & BSE

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