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Wednesday, October 13, 2010

Gyscoal Alloys Limited (GAL), engaged in the business of trading of iron & steel products and steel rolling mill, is coming up with an IPO of 7,700,000 Equity Shares of Rs.10 each. The Equity Shares will be offered in a price band of Rs.65/- to Rs.71/- per equity share with a bid lot of 90 Equity Shares and in multiples thereof.

The Objects of the Issue are to raise capital for meeting general corporate purposes and:
1. To finance Capital Expenditure for enhancing production
2. To meet the long term working capital requirements

The IPO would remain open from Wednesday, October 13, 2010 and Friday, October 15, 2010. Stay tuned to Indian IPO Blog for latest updates on Gyscoal Alloys IPO!

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