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Wednesday, January 5, 2011

SAIL FPO likely by second week of February

The Follow-on Public Offer (FPO) of Steel Authority of India (SAIL) is likely to hit the streets by the second week of February, 2011. SAIL is India's largest steel producing company. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country

SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. The Company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets

Update: SAIL FPO is deferred and is unlikely to open in February 2011. Check back Indian IPO Blog for the latest updates
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