Fixed Price IPO | ₹41 Cr | Listed at BSE, NSE | Wed, Sep 22, 2010 - Fri, Sep 24, 2010
Gallantt Ispat IPO is a fixed price issue of ₹40.50 crores. The issue is entirely a fresh issue of 0.81 crore shares of ₹40.50 crore.
Gallantt Ispat IPO bidding started from Sep 22, 2010 and ended on Sep 24, 2010. The shares got listed on BSE, NSE on Oct 11, 2010.
Gallantt Ispat IPO price is ₹50 per share. The lot size for an application is 125. The minimum amount of investment required by an individual investor (retail) is ₹6,250 (125 shares) (based on upper price). The lot size investment for sNII is 33 lots (4,125 shares), amounting to ₹2,06,250, and for bNII, it is 161 lots (20,125 shares), amounting to ₹10,06,250.
Anand Rathi Advisors Ltd. is the book running lead manager and Niche Technologies Pvt.Ltd. is the registrar of the issue.
Refer to Gallantt Ispat IPO RHP for detailed Information.
IPO Open
Wed, Sep 22, 2010
IPO Close
Fri, Sep 24, 2010
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹133.83 Cr
| IPO Date | 22 to 24 Sep, 2010 |
| Listed on | Mon, Oct 11, 2010 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 81,00,208 shares (agg. up to ₹41 Cr) |
| Reserved for Private Promoter | 14,00,000 shares (agg. up to ₹7 Cr) |
| Fresh Issue | 67,00,208 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 67,00,208 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,86,66,297 shares |
| Share Holding Post Issue | 2,67,66,297 shares |
| BSE Script Code / NSE Symbol | 533265 / GALLISPAT |
| ISIN | INE528K01011 |
Gallantt Ispat IPO comprises a total issue size of 67,00,000 shares. The net offer to the public is 53,00,000 shares, after excluding 14,00,000 shares allotted on a firm basis. Of the Net offer 6,70,000 (10.00%) are allocated to QIB, 26,80,000 (40.00%) allocated to NII 33,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 6,70,000 | 10.00% | 10.00% | NA |
| NII (HNI) Shares Offered | 26,80,000 | 40.00% | 40.00% | NA |
| Retail Shares Offered | 33,50,000 | 50.00% | 50.00% | 26,800 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 14,00,000 | 20.90% | NA | |
| Total Shares Offered | 67,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹6,250 |
| Retail (Max) | 32 | 4,000 | ₹2,00,000 |
| S-HNI (Min) | 33 | 4,125 | ₹2,06,250 |
Incorporated in 2005, Gallantt Ispat Ltd is engaged in the manufacturing and marketing of Sponge Iron, Mild steel billets, Re-Rolled products (TMT bars and Mild Steel Structural) and wheat flour products.
| Period Ended |
|---|
| 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 consisting of the following modules: Sponge Iron Plant with a capacity of 99,000 MTPA, M.S Billets with a capacity of 1,62,380 MTPA, Re-Rolled Products with a capacity of 1,67,400 MTPA, Captive Power Plant with a generating capacity of 16 MW | |
| 2 | To part finance the Flour Mill with a capacity of 1,80,000 MTPA |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Gallantt Ispat IPO, Gallantt IPO, Gallantt Ispat IPO Bidding, Gallantt Ispat IPO Allotment Status, Gallantt drhp and Gallantt Ispat Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expenses related to proposed IPO, Legal and professional charges, Lead manager fees, Stock Exchange Fees, establishment expenses, Administrative expenses during construction period, upfront fees and financial charges on loans and other miscellaneous expenses. | 5.08 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹50.00 | ₹50.00 |
| Open | ₹48.90 | ₹52.00 |
| Low | ₹48.80 | ₹49.00 |
| High | ₹87.40 | ₹87.00 |
| Last Trade | ₹81.60 | ₹81.05 |
Lead Manager Reports
Gallantt Ispat IPO is a main-board IPO of 81,00,208 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 125.
The IPO opens on Wed, Sep 22, 2010, and closes on Fri, Sep 24, 2010.
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 Ispat IPO using UPI as a payment gateway. Zerodha customers can apply in Gallantt Ispat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gallantt Ispat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gallantt Ispat IPO opens on Wed, Sep 22, 2010 and closes on Fri, Sep 24, 2010.
Gallantt Ispat IPO lot size is 125, and the minimum amount required for application is ₹6,250.
You can apply in Gallantt Ispat 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 Ispat IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gallantt Ispat IPO allotment status.
The Gallantt Ispat IPO listing date is on Mon, Oct 11, 2010.
