Fixed Price IPO | ₹37 Cr | Listing at BSE, NSE | Mon, Mar 6, 2006 - Fri, Mar 10, 2006 P
Gallantt Metal IPO is a fixed issue price of ₹37.12 crores. The issue is entirely a fresh issue of 3.71 crore shares of ₹37.12 crore.
Gallantt Metal IPO bidding started from Mar 6, 2006 and ended on Mar 10, 2006. Gallantt Metal IPO will list on the NSE and the BSE with a tentative listing date fixed as Apr 4, 2006.
Gallantt Metal IPO is set final issue price at ₹10 per share.
Anand Rathi Advisors Ltd. is the book running lead manager and Niche Technologies Pvt.Ltd. is the registrar of the issue.
Refer to Gallantt Metal IPO DRHP for detailed Information.
IPO Open
Mon, Mar 6, 2006
IPO Close
Fri, Mar 10, 2006
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹76.32 Cr
| IPO Date | 6 to 10 Mar, 2006 |
| Listing Date | Tue, Apr 4, 2006T |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,71,22,324 shares (agg. up to ₹37 Cr) |
| Reserved for Private Promoter | 60,00,000 shares (agg. up to ₹6 Cr) |
| Fresh Issue | 3,11,22,324 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 3,11,22,324 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 3,92,00,000 shares |
| Share Holding Post Issue | 7,63,22,324 shares |
Gallantt Metal IPO comprises a total issue size of 3,11,20,000 shares. The net offer to the public is 2,35,64,000 shares, after excluding 60,00,000 shares allotted on a firm basis and 15,56,000 shares under a preferential allotment. Of the Net offer 29,56,400 (10.00%) are allocated to QIB, 1,18,25,600 (40.00%) allocated to NII 1,47,82,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,56,400 | 10.00% | 9.50% |
| NII (HNI) Shares Offered | 1,18,25,600 | 40.00% | 38.00% |
| Retail Shares Offered | 1,47,82,000 | 50.00% | 47.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 15,56,000 | 5.00% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 60,00,000 | 19.28% | |
| Total Shares Offered | 3,11,20,000 | 100.00% | 100.00% |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in February 2005, Gallantt Metal Ltd is an integrated Indian steel manufacturing company focused on producing sponge iron, M.S. billets, and TMT bars. Part of the Gallantt Group, it operates facilities in Gujarat and Uttar Pradesh, with a strong presence in the northern and eastern Indian markets.
The company operates an integrated steel plant in Kutch, Gujarat, comprising a steel melt shop (1,76,420 MTPA), a sponge iron unit (99,000 MTPA), a rolling mill (1,68,300 MTPA), and a 25 MW captive power plant.
The company produces high-quality TMT rebars (QST bars) and steel products sold under the brand 'Gallantt'.
The company operates a captive power plant to support its manufacturing units, ensuring cost-effective production.
| Period Ended | 30 Sep 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 67.39 | ||
| Profit After Tax | 1.04 | 0.36 | 1.09 |
| NET Worth | 30.26 | 29.22 | 16.55 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the integrated Steel Plant | 190.82 |
| 2 | To meet the working capital requirements | |
| 3 | To utilise funds for general corporate purposes. | |
| 4 | To meet the public issue related expenses | |
| Total | 190.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.09 | 0.09 |
| P/E (x) | 110.05 | 110.06 |
| Promoter Holding | 100% | 59.22% |
| Market Cap | ₹76.32 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Managers Fees | 0.31 |
| 2 | Registrars fees | 0.06 |
| 3 | Underwriters fees | 0.39 |
| 4 | Legal Advisors fees | 0.00 |
| 5 | Advertising & Marketing expenses | 0.30 |
| 6 | Brokerage & Selling expenses | 0.31 |
| 7 | Printing & Despatch Expenses | 0.25 |
| 8 | Other Miscellaneous expenses | 0.10 |
| Total | 1.72 |
Lead Manager Reports
Gallantt Metal IPO is a main-board IPO of 3,71,22,324 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .
The IPO opens on Mon, Mar 6, 2006, and closes on Fri, Mar 10, 2006.
Niche Technologies Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gallantt Metal IPO using UPI as a payment gateway. Zerodha customers can apply in Gallantt Metal IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gallantt Metal IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gallantt Metal IPO opens on Mon, Mar 6, 2006 and closes on Fri, Mar 10, 2006.
Gallantt Metal IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gallantt Metal IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gallantt Metal IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gallantt Metal IPO allotment status.
The Gallantt Metal IPO listing date is not yet announced. The tentative date of listing is Tue, Apr 4, 2006.
