Indian IPO Blog: Tata Steel FPO
Showing posts with label Tata Steel FPO. Show all posts
Showing posts with label Tata Steel FPO. Show all posts

Friday, February 4, 2011

Tata Steel FPO - Basis of Allotment

February 04, 2011 0
Tata Steel FPO - Basis of Allotment
The Retail Category has been over subscribed to the extent of 1.52 times. The total number of Equity Shares allotted In Retail Individual Investors category is 19,917,874 Equity Shares to 181,496 successful applicants. The categorv-wise details of the Basis of Allotment are as under:
Category No. of
Applications
% to total Total No. of
Equity Shares
applied for
% to total No.of
Equity Shares
allocated
Ratio Total No. of
Equity Shares
allocated
10 12,322 6.64 123,220 0.41 10 25:38 81,070
20 12,850 6.92 257,000 0.85 13 1:1 167,050
30 8,548 4.60 256,440 0.85 20 1:1 170,960
40 5,636 3.03 225,440 0.74 26 1:1 146,536
50 12,668 6.82 633,400 2.09 33 1:1 418,044
60 2,648 1.43 158,880 0.52 39 1:1 103,272
70 1,903 1.02 ' 133,210 0.44 46 1:1 87,538
80 5,192 2.80 415,360 1.37 53 1:1 275,176
90 1,331 0.72 119,790 0.40 59 1:1 78,529
100 14,127 7.61 1,412,700 4.66 66 1:1 932,382
110 975 0.53 107,250 0.35 72 1:1 70,200
120 1,197 0.64 143,640 0.47 79 1:1 94,563
130 667 0.36 86,710 0.29 85 1:1 56,695
140 667 0.36 93,380 0.31 92 1:1 61,364
150 3,685 1.98 552,750 1.82 99 1:1 364,815
160 35,973 19.37 5,755,680 19.00 105 1:1 3,777,165

Saturday, January 29, 2011

Tata Steel FPO - Allotment Status declared

January 29, 2011 0
Tata Steel FPO - Allotment Status declared
Tata Steel FPO - Allotment Status is declared online and can now be checked on the Registrar's website

Click here to check Tata Steel FPO - Allotment Status now!

Tata Steel FPO had closed for subscription on Friday, January 21, 2011 and was subscribed 6.03 times on an overall basis with Retail Category getting subscribed 1.60 times

Thursday, January 27, 2011

Tata Steel FPO - Allotment Status

January 27, 2011 0
Tata Steel FPO - Allotment Status
Tata Steel FPO - Allotment Status is likely to be declared in 2-3 days from now. Tata Steel FPO had closed for subscription on Friday, January 21, 2011 and was subscribed 6.03 times on an overall basis with Retail Category getting subscribed 1.60 times

The link for Tata Steel FPO - Allotment Status will be updated here as soon as it is declared online

Check back Indian IPO Blog for the latest updates on Tata Steel FPO - Allotment Status!

Update: Tata Steel FPO - Allotment Status declared

Sunday, January 23, 2011

Indian IPO Blog - Poll Result

January 23, 2011 0
Indian IPO Blog - Poll Result

Tata Steel FPO Issue Price fixed

January 23, 2011 0
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!

Friday, January 21, 2011

Tata Steel Limited FPO Final Subscription Status

January 21, 2011 0
Tata Steel Limited FPO Final Subscription Status

Tata Steel FPO subscribed 6 times

January 21, 2011 0
Tata Steel FPO subscribed 6 times
Tata Steel FPO, which closed for subscription today, has been subscribed just above 6 times on an overall basis. The FPO has 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

The response to the FPO till Day 2 was largely averse, especially from Retail Category of Investors, the subscription in the category standing close to 20% or 0.1975 times till Day 2. The QIB and HNI Categories were subscribed 0.67 times and 0.79 times respectively till the second day

Stay tuned to Indian IPO Blog for precise subscription status updates!




Thursday, January 20, 2011

Tata Steel FPO bid 0.48 times till second day

January 20, 2011 0
Tata Steel FPO bid 0.48 times till second day
Tata Steel FPO, which is open for subscription since yesterday, has been subscribed 0.48 times times on an overall basis till Day 2 of its opening.

The response to the FPO till Day 2 has largely been averse, especially from Retail Category of Investors, the subscription in the category standing close to 20% or 0.1975 times. The QIB and HNI Categories are subscribed 0.67 times and 0.79 times respectively till the second day

Tata Steel is a part of Tata Group of companies. Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis.

Tata Steel FPO closes for subscription tomorrow, i.e. on January 21, 2011. Check back Indian IPO Blog regularly for the latest subscription status updates on the FPO!

Update: Tata Steel FPO subscribed 6 times

Tata Steel FPO - Bidding Status on Day 2

January 20, 2011 0
Tata Steel FPO - Bidding Status on Day 2

Tata Steel FPO Subscription Status update

January 20, 2011 0
Tata Steel FPO Subscription Status update
Tata Steel FPO, which is open for subscription since yesterday, has been bid about 45% or 0.45 times on an overall basis till 1600 hrs IST on Day 2 of its opening, as per the data available on the NSE website. The subscription in the Retail Category has remained feeble till now

Tata Steel is a part of Tata Group of companies. Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis

Check back Indian IPO Blog regularly for the latest subscription status updates on Tata Steel FPO!

Related posts:
- Tata Steel FPO bid 0.48 times till second day
- Tata Steel FPO - Bidding Status on Day 2
- Tata Steel FPO subscribed 6 times



Wednesday, January 19, 2011

Tata Steel FPO - Bidding Status on Day 1

January 19, 2011 0
Tata Steel FPO - Bidding Status on Day 1

Tata Steel FPO covered 0.19 times till 4 PM on the opening day

January 19, 2011 0
Tata Steel FPO covered 0.19 times till 4 PM on the opening day
Tata Steel FPO, which opened for subscription from today, is bid about 19% till 4 PM as per the data available on the NSE website. Tata Steel FPO would remain open for subscription till Friday, January 21, 2011

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

Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis

Tata Steel Limited FPO Details

January 19, 2011 0
Tata Steel Limited FPO Details
Issue Size: 57,000,000 Equity Shares of Rs. 10
Issue Opens on: Wednesday, January 19 , 2011
Issue Closes on: Friday, January 21, 2011
Price Band: Rs.594/- to Rs.610/- per equity share
Bid Lot: 10 Shares Equity Shares and in multiples thereof
Discount for Retail Investors: No
Lead Managers: Citigroup Global Markets India Pvt. Ltd., Deutsche Equities India Pvt. Ltd., HSBC Securities & Capital Markets Pvt. Ltd., Kotak Mahindra Capital Company Ltd., SBI Capital Markets Ltd., Standard Chartered Securities (India) Ltd.
Registrar: Link Intime India Pvt. Ltd.

Tuesday, January 18, 2011

Tata Steel FPO opens from tomorrow

January 18, 2011 0
Tata Steel FPO opens from tomorrow
Tata Steel Ltd. is entering capital markets with an FPO which would open for subscription from tomorrow, i.e. Wednesday, January 19, 2011.

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 Follow-on Public Offer, which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription upto Friday, January 21, 2011. The Price Band for the FPO is fixed at Rs.594/- to Rs.610/- per equity share with a bid lot of 10 Equity Shares and in multiples thereof

Kotak Mahindra Capital Company Ltd., Citigroup Global Markets India Pvt. Ltd., Deutsche Equities (India) Pvt. Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., RBS Equities (India) Ltd., SBI Capital Markets Ltd. and Standard Chartered Securities (India) Ltd. are Book Running Lead Managers to the issue, while Link Intime India Pvt. Ltd. is the Registrar to the Issue

Tata Steel FPO - Red Herring Prospectus (RHP)

January 18, 2011 0
Tata Steel FPO - Red Herring Prospectus (RHP)
The Red Herring Prospectus (RHP) for the Follow-on Public Offer (FPO) of Tata Steel Ltd. can be downloaded from SEBI website. Click here to download Tata Steel FPO - Red Herring Prospectus (RHP) now

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited, is coming up with a Follow-on Public Offer (FPO) of 57,000,000 Equity Shares of Rs.10/- each. The FPO would remain open for subscription between Wednesday, January 19, 2011 and Friday, January 21, 2011

Stay tuned for the latest updates on Tata Steel FPO!

Tata Steel FPO - Objects to the Issue

January 18, 2011 0
Tata Steel FPO - Objects to the Issue
The objects of the Issue are for general corporate purposes and to:

1. Part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur;
2. Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis

Monday, January 17, 2011

Tata Steel FPO Bid Lot

January 17, 2011 0
Tata Steel FPO Bid Lot
The bid lot or the minimum order quantity for the upcoming FPO of Tata Steel Ltd. is fixed at 10 Equity Shares and in multiples thereof. The shares are offered in a price band of Rs.594/- to Rs.610/- per equity share for 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

Stay tuned to Indian IPO Blog for subscription status and other updates on Tata Steel FPO!

Saturday, January 15, 2011

Tata Steel FPO (TISCO FPO) Price Band fixed

January 15, 2011 0
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

Tata Steel FPO (TISCO FPO) to open from Wednesday, January 19, 2011

January 15, 2011 0
Tata Steel FPO (TISCO FPO) to open from Wednesday, January 19, 2011
Tata Steel Ltd., India’s largest steel company, is coming up with a Follow-on Public Offer (FPO) of Equity Shares having a Face Value of Rs.10/- each, which would be opening for subscription from Wednesday, January 19, 2011

The Follow-on Public Offer, which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription for 3 days upto 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

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. Tata Steel is also India's second-largest and second-most profitable company in private sector. The company is listed on Bombay Stock Exchange and National Stock Exchange of India

Tata Steel FPO - Download Draft Red Herring Prospectus (DRHP)

January 15, 2011 0
Tata Steel FPO - Download Draft Red Herring Prospectus (DRHP)
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

Click here to download the Draft Red Herring Prospectus (DRHP) for Tata Steel FPO filed with Securities and Exchange Board of India (SEBI)

The Price Band and Bid Lot for the Tata Steel FPO are not yet declared and will be updated as soon as the same are made available

Check back this post regularly for the latest updates on Tata Steel FPO!