Prakash Steelage IPO Allotment Status is declared and can be checked online now

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Prakash Steelage IPO Issue Price is set at Rs.110/- per equity share. The Equity Shares under the IPO were offered in a price band of Rs.100/- to Rs.110/- per equity share

Prakash Steelage IPO, which closed for subscription on August 10, 2010, was finally subscribed 4.53 times

Stay tuned for more on Prakash Steelage IPO!

QIB: 1.27 times
Non-Institutional Investors: 10.91 times
Retail: 6.62 times
Employees: 1.02 times
Overall: 4.53 times0

QIB: 1.27 times
Non-Institutional Investors: 4.26 times
Retail: 1.45 times
Employees: 1.01 times
Overall: 1.77 times

QIB: 0.10 times
Non-Institutional Investors: 3.92 times
Retail: 1.02 times
Employees: 0.14 times
Overall: 0.98 times

Prakash Steelage IPO Price Band is fixed at Rs.100/- to Rs.110/- per equity share. The IPO would remain open for subscription between August 05, 2010 and August 09, 2010

Prakash Steelage Limited (PSL), a PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes, is coming up with an IPO of 6,250,000 Equity Shares of Rs.10 each

The objects of the Issue are to meet the expenses of the issue and listing and for:
1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;
2. Meeting the additional working capital requirement;
3. General corporate purposes

Stay tuned for more on Prakash Steelage IPO!

Prakash Steelage Limited (PSL), a PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes, is coming up with an IPO of 6,250,000 Equity Shares of Rs.10 each

The objects of the Issue are to meet the expenses of the issue and listing and for:
1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;
2. Meeting the additional working capital requirement;
3. General corporate purposes

Keynote Corporate Services Ltd. is the Book Running Lead Manager to the Issue, while Bigshare Services Pvt. Ltd. is the Registrar to the Issue

Prakash Steelage Limited IPO would be open for subscription between Thursday, Auguest 05, 2010 and Monday, August 09, 2010. Stay tuned for more on Prakash Steelage Limited IPO!