Tata Steel FPO (TISCO FPO) Price Band fixed - Indian IPO Blog

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Saturday, January 15, 2011

Tata Steel FPO (TISCO FPO) Price Band fixed

The price band for the upcoming FPO of Tata Steel Ltd. is fixed at Rs.594/- to Rs.610/- per equity share for equity shares having a Face Value of Rs.10/- each. Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies. The price band of Rs.594/- to Rs.610/- per equity share is an interesting one, particularly considering the fact that the current market price of the stock is at Rs.621.70 (CMP as on Friday, January 14, 2011)

The Follow-on Public Offer (FPO) of Tata Steel Ltd., which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription from Wednesday, January 19, 2011 and Friday, January 21, 2011

Tata Steel products and services include hot and cold rolled coils and sheets, tubes, construction bars, forging quality steel, rods, structurals, strips and bearings, steel plant and material handling equipment, ferro alloys and other minerals, software for process controls, and cargo handling services

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