IPO Issue -Loha ISPAAT Ltd – Mar 2014
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
[wptabs style=”wpui-blue” mode=”horizontal”][wptabtitle] Issue Details[/wptabtitle] [wptabcontent]
|IPO||Loha Ispaat Ltd|
|Issue Open||11 Mar 2014|
|Issue Close||20 Mar 2014|
|Issue Size||26,705,476 Equity Shares (205.63 Cr to 213.64 Cr)|
|Price Band||Rs. 77 - Rs. 80|
|Bid Lot||175 Equity Shares|
|Registrar||Bigshare Services Private Ltd|
|Cheque in Favour of (Retail Investor)||Escrow Account - LIL - R|
|NRI||Escrow Account - LIL - NR|
|Listing||NSE / BSE|
|No. of Shares||Price per Share||Cheque Amount (Rs)|
[wptabtitle] Company Profile[/wptabtitle] [wptabcontent]
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.
[wptabtitle] Subscription Details[/wptabtitle] [wptabcontent]
Subscription Data for
Date Figure In Share Qty. QIB NIB Retail Total Issue Size 26,705,476 2,670,547 8,011,643 16,023,286 24 Mar Subscribe 3322900 3313800 3588725 10225455 No of times 1.24 0.41 0.22 0.38 21 Mar Subscribe 3322900 2775675 3113425 9212000 No of times 1.24 0.35 0.19 0.34 19 Mar Subscribe 3322900 1135750 993300 5451950 No of times 1.24 0.14 0.06 0.20 12 Mar Subscribe 854000 - 11900 865900 No of times 0.32 0.00 0.01 0.03 11 Mar Subscribe No of Times
[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]
Registrar of Issue : BigShare Service Private Ltd
Listing : NSE & BSE
Check Allotment Status[/wptabcontent]