Bookbuilding IPO | ₹55 Cr | Listed at BSE, NSE | Wed, Oct 13, 2010 - Fri, Oct 15, 2010
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 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,390 (90 shares) (based on upper price). 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 Open
Wed, Oct 13, 2010
IPO Close
Fri, Oct 15, 2010
Issue Price
₹71 per share
Market Cap (Pre-IPO)
₹112.38 Cr
| IPO Date | 13 to 15 Oct, 2010 |
| Listed on | Wed, Oct 27, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹71 |
| Issue Price | ₹71 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 77,00,000 shares (agg. up to ₹55 Cr) |
| Fresh Issue | 77,00,000 shares (agg. up to ₹55 Cr) |
| Share Holding Pre Issue | 81,27,556 shares |
| Share Holding Post Issue | 1,58,27,556 shares |
| BSE Script Code / NSE Symbol | 533275 / GAL |
| ISIN | INE482J01013 |
Gyscoal Alloys IPO comprises a total issue size of 77,00,000 shares. Out of which, 38,50,000 (50.00%) are allocated to QIB, 11,55,000 (15.00%) allocated to NII 26,95,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
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.
| 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 finance the capital expenditure for enhancing the production capctiy of melting section by 100,000 MT per annum | 57.70 |
| 2 | To meet the Long Term Working Capital requirements of the Company | 5.00 |
| 3 | To meet General Corporate Purpose | 0.25 |
| 4 | To meet Issue Expenses | 4.82 |
| KPI | |
|---|---|
| RoNW | 14.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.81% | 51.25% |
| Market Cap | ₹112.38 Cr. |
The Gyscoal Alloys IPO is subscribed 8.59 times on October 15, 2010 5:00:00 PM (Day 3). The public issue subscribed 8 times in the retail category, 1.54 times in the QIB category, and 33.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.54 | 38,50,000 | |
| NII | 33.44 | 11,55,000 | |
| Retail | 8 | 26,95,000 | |
| Total | 8.59 | 77,00,000 |
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.
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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, underwriting and selling commission | 3.48 |
| 2 | Advertising and marketing expenses | 0.28 |
| 3 | Printing and stationery, including transportation costs | 0.35 |
| 4 | Others (Registrar’s fee, Legal Advisor, listing fees etc.) | 0.64 |
| 5 | Fees payable to Grading Agency | 0.07 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹71.00 | ₹71.00 |
| Open | ₹76.60 | ₹75.15 |
| Low | ₹76.60 | ₹75.15 |
| High | ₹112.70 | ₹112.50 |
| Last Trade | ₹81.55 | ₹81.65 |
Lead Manager Reports
Gyscoal Alloys IPO is a main-board IPO of 77,00,000 equity shares of the face value of ₹10 aggregating up to ₹55 Crores. The issue is priced at ₹71 per share. The minimum order quantity is 90.
The IPO opens on Wed, Oct 13, 2010, and closes on Fri, Oct 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 Wed, Oct 13, 2010 and closes on Fri, Oct 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 Wed, Oct 27, 2010.
