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Monday, September 20, 2010

Electrosteel Steels IPO has received an IPO Grade 3/5 from Credit Rating Agency CARE. CARE assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 1 indicating strong fundamentals

Electrosteel Steels Ltd., a subsidiary of Electrosteel Group, is entering capital markets with an IPO of 368,772,000 Equity Shares of Rs.10/- each. The IPO would remain open for subscription between Tuesday, September 21, 2010 and Friday, September 24, 2010

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

Stay tuned for more on Electrosteel Steels IPO!

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