The Price Band for the IPO of Electrosteel Steels Ltd. is set at Rs.10/- to Rs.11/- per equity shares. The IPO would consist of 225,516,188 Equity Shares, having a Face Value of Rs.10/- each. The Bid Lot would be 600 Equity Shares and in multiples thereof
The Equity Shares of Electrosteel Steels Ltd. are proposed to be listed on both BSE and NSE. The IPO would remain open for subscription between September 21, 2010 and September 24, 2010
The objects of the Issue are to create a public market for equity shares by listing securities of Company on Stock Exchanges and:
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. For Margin money towards Bank Guarantees;
3. For general corporate purposes
Stay tuned for more on Electrosteel Steels Ltd. IPO!
Monday, September 20, 2010
Electrosteel Steels IPO Price Band and Bid Lot
Tags
# Electrosteel Integrated IPO
# Electrosteel Integrated Ltd. IPO
# Electrosteel Steels IPO
# Face Value
# IPO Dates
# IPO Details
# IPO in 2010
# IPO in September 2010
# Issue Size
# Objects of Issue
# Price Band
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