Analysis and Insights into the world of IPOs and investing in India

Sunday, January 23, 2011

Tata Steel FPO Issue Price fixed

The Issue Price for the FPO of Tata Steel Ltd. has been fixed at the upper end of the price band, i.e. at Rs.610/- per equity share for shares of Rs.10/- each. The price band for the FPO was earlier fixed at Rs.594/- to Rs.610/- per equity share. The share of Tata Steel closed at Rs.629.60 on Friday, January 21, 2011

Tata Steel FPO was subscribed just above 6 times on an overall basis. The FPO had managed to garner good support from the QIB and HNI Categories, which were firmly bid. The Retail Investors have also chipped in with above 1.50 times subscription

Stay tuned for the latest updates on Tata Steel FPO!
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