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Gyscoal Alloys IPO is a book build issue of ₹54.67 crores. The issue is entirely a fresh issue of 0.77 crore shares of ₹54.67 crore.
Gyscoal Alloys IPO bidding started from Oct 13, 2010 and ended on Oct 15, 2010. The shares got listed on BSE, NSE on Oct 27, 2010.
Gyscoal Alloys IPO price band is set at ₹71.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹5,850 (90 shares). The lot size investment for sNII is 32 lots (2,880 shares), amounting to ₹2,04,480, and for bNII, it is 157 lots (14,130 shares), amounting to ₹10,03,230.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Gyscoal Alloys IPO RHP for detailed Information.
| IPO Date | October 13, 2010 to October 15, 2010 |
| Listing Date | October 27, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹65 to ₹71 per share |
| Issue Price Final | ₹71 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 77,00,000 shares (aggregating up to ₹54.67 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 81,27,556 shares |
| Share Holding Post Issue | 1,58,27,556 shares |
Gyscoal Alloys IPO offers total 77,00,000 shares. Out of which 38,50,000 (50.00%) allocated to QIB, 11,55,000 (15.00%) allocated to NII, 26,95,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 38,50,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 11,55,000 (15.00%) | NA |
| Retail Shares Offered | 26,95,000 (35.00%) | 29,944 |
| Total Shares Offered | 77,00,000 (100.00%) |
Gyscoal Alloys IPO opens on October 13, 2010, and closes on October 15, 2010.
| IPO Open Date | Wed, Oct 13, 2010 |
| IPO Close Date | Fri, Oct 15, 2010 |
| Tentative Listing Date | Wed, Oct 27, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 15, 2010 |
Investors can bid for a minimum of 90 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 | 90 | ₹6,390 |
| Retail (Max) | 31 | 2,790 | ₹1,98,090 |
| S-HNI (Min) | 32 | 2,880 | ₹2,04,480 |
| S-HNI (Max) | 156 | 14,040 | ₹9,96,840 |
| B-HNI (Min) | 157 | 14,130 | ₹10,03,230 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill.
Company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. The Company also manufactures squares, and Flat in sizes of the specification as per requirement of its customers.
The Company’s products adhere to high quality standards and it has got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 12,558.15 | 13,238.18 | 7,776.26 | 3,248.96 | 670.11 | |
| Profit After Tax (PAT) | 178.86 | 730.55 | 280.18 | 56.48 | 22.21 | |
| KPI | Values |
|---|---|
| RoNW | 14.65% |
The Company Gyscoal Alloys 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 finance the capital expenditure for enhancing the production capctiy of melting section by 100,000 MT per annum | 577.05 |
| 2 | To meet the Long Term Working Capital requirements of the Company | 50.00 |
| 3 | To meet General Corporate Purpose | 2.50 |
| 4 | To meet Issue Expenses | 48.24 |
CARE has assigned an IPO Grade 2 to Gyscoal Alloys Ltd IPO. This means as per CARE company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Gyscoal Alloys Ltd.
h2>Gyscoal Alloys Ltd IPO Tags:Gyscoal Alloys IPO, Gyscoal Alloys IPO, Gyscoal Alloys IPO Bidding, Gyscoal Alloys IPO Allotment Status, Gyscoal Alloys drhp and Gyscoal Alloys Ltd IPO listing.
| Listing Date | October 27, 2010 |
| BSE Script Code | 533275 |
| NSE Symbol | GAL |
| ISIN | INE482J01013 |
| Final Issue Price | ₹71 per share |
| BSE Listing Group | B |
Gyscoal Alloys Ltd.
2nd Floor Mrudul Tower,
B/H Times of India Ashram Road,
Ahmedabad - 380009, Gujarat
Ahmedabad, Gujarat
Phone: 91 79 66614508
Email: info@gyscoal.com
Website: http://www.gyscoal.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gal.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Gyscoal Alloys IPO is a main-board IPO of 77,00,000 equity shares of the face value of ₹10 aggregating up to ₹54.67 Crores. The issue is priced at ₹71 per share. The minimum order quantity is 90.
The IPO opens on October 13, 2010, and closes on October 15, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gyscoal Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Gyscoal Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gyscoal Alloys IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gyscoal Alloys IPO opens on October 13, 2010 and closes on October 15, 2010.
Gyscoal Alloys IPO lot size is 90, and the minimum amount required for application is ₹6,390.
You can apply in Gyscoal Alloys 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 Gyscoal Alloys IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gyscoal Alloys IPO allotment status.
The Gyscoal Alloys IPO listing date is on Wednesday, October 27, 2010.
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