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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 ₹50.00 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). 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 Date | September 22, 2010 to September 24, 2010 |
| Listing Date | October 11, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 81,00,208 shares (aggregating up to ₹40.50 Cr) |
| Reserved for Private Promoter | 14,00,000 shares (aggregating up to ₹7 Cr) |
| Net Offered to Public | 67,00,208 shares (aggregating up to ₹33.50 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,86,66,297 shares |
| Share Holding Post Issue | 2,67,66,297 shares |
Gallantt Ispat IPO offers total 67,00,000 shares. Out of which 6,70,000 (10.00%) allocated to QIB, 26,80,000 (40.00%) allocated to NII, 33,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 6,70,000 (10.00%) | NA |
| NII (HNI) Shares Offered | 26,80,000 (40.00%) | NA |
| Retail Shares Offered | 33,50,000 (50.00%) | 26,800 |
| Total Shares Offered | 67,00,000 (100.00%) |
Gallantt Ispat IPO opens on September 22, 2010, and closes on September 24, 2010.
| IPO Open Date | Wed, Sep 22, 2010 |
| IPO Close Date | Fri, Sep 24, 2010 |
| Tentative Listing Date | Mon, Oct 11, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 24, 2010 |
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
The Company Gallantt Ispat IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 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 |
Gallantt Ispat IPO, Gallantt IPO, Gallantt Ispat IPO Bidding, Gallantt Ispat IPO Allotment Status, Gallantt drhp and Gallantt Ispat Ltd IPO listing.
| Listing Date | October 11, 2010 |
| BSE Script Code | 533265 |
| NSE Symbol | GALLISPAT |
| ISIN | INE528K01011 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | B |
Gallantt Ispat Ltd.
Gallantt Ispat Ltd,
Ashyana, 29C, Bentinck Street,
Kolkata - 700 069, West Bengal, India
Kolkata, West Bengal
Phone: +91 33 22312429
Email: investors@gallantt.com
Website: http://www.gallantt.com
Niche Technologies Pvt.Ltd.
Phone: 2235-7270/ 7271
Email: gil@nichetechpl.com
Website: http://www.nichetechpl.com
Gallantt Ispat IPO is a main-board IPO of 81,00,208 equity shares of the face value of ₹10 aggregating up to ₹40.50 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 125.
The IPO opens on September 22, 2010, and closes on September 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 September 22, 2010 and closes on September 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 Monday, October 11, 2010.
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