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Loha Ispaat IPO is a book build issue .
Loha Ispaat IPO bidding started from Mar 11, 2014 and ended on Mar 25, 2014.
Loha Ispaat IPO price band is set at ₹74.00 to ₹77.00 per share . The lot size for an application is 175. The minimum amount of investment required by an retail is ₹12,950 (175 shares). The lot size investment for sNII is 15 lots (2,625 shares), amounting to ₹2,02,125, and for bNII, it is 75 lots (13,125 shares), amounting to ₹10,10,625.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Loha Ispaat IPO RHP for detailed Information.
| IPO Date | March 11, 2014 to March 25, 2014 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹74 to ₹77 per share |
| Lot Size | 175 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,42,94,524 shares |
| Share Holding Post Issue | 10,10,00,000 shares |
Loha Ispaat IPO offers 26,705,476 shares. 2,670,547 (10.00%) to QIB, 8,011,643 (30.00%) to NII, 16,023,286 (60.00%) to RII. 91,561 RIIs will receive minimum 175 shares and (sNII) and (bNII) will receive minimum 2,625 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,670,547 (10.00%) | NA |
| NII (HNI) Shares Offered | 8,011,643 (30.00%) | |
| Retail Shares Offered | 16,023,286 (60.00%) | 91,561 |
| Total Shares Offered | 26,705,476 (100%) |
Loha Ispaat IPO opens on March 11, 2014, and closes on March 25, 2014.
| IPO Open Date | Tue, Mar 11, 2014 |
| IPO Close Date | Tue, Mar 25, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 25, 2014 |
Investors can bid for a minimum of 175 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 | 175 | ₹13,475 |
| Retail (Max) | 14 | 2,450 | ₹1,88,650 |
| S-HNI (Min) | 15 | 2,625 | ₹2,02,125 |
| S-HNI (Max) | 74 | 12,950 | ₹9,97,150 |
| B-HNI (Min) | 75 | 13,125 | ₹10,10,625 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Loha Ispaat Ltd is one of the leading Independent Steel Service Centers in India. They are major player in the flat steel product (i.e. HR and CR Coils, Sheets and Plates) markets in India.
The company operate as an Independent Steel Service Centre that purchases raw materials like Hot Rolled Coils, HRPO, Cold Rolled Coils, CRCA, HR Chequered Coils etc. from steel manufacturers and converts them into various shapes and forms through Decoiling / Recoiling, Slitting, Shearing, Cut to Length and other value additions such as Pickling, Oiling, CNC Plasma Cutting, Profiling, Roll Forming, (Trapezoidal, Corrugated), Bell Annealing, Rewinding, Cold Rolling Mill, Skin pass Mill, Trapezoidal Cutting, Gas Cutting etc.
Company's product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in HR, CR, HRPO, CRCA, Galvanized coils and plates, Chequered Coils & plates, Trapezoidal Blank etc. according to customer specifications (TDC). They serve a well-diversified base of customers across industries like Automobile, Bearing, Fabrication, Packaging, General Engineering, Pipe manufacturing, White Goods, Infrastructure, Home Appliances etc.
The Company Loha Ispaat IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Fund Working Capital Requirements (post expansion at Khopoli and Taloja Plants) | 230.00 |
| 2 | Fund expenditure for General Corporate Purposes |
[Dilip Davda] Avoid. Loha Ispaat Ltd IPO doesn't have Safety Net thus makes it a risky bet. Read detail review...
As per filing with BSE, Loha Ispaat has informed that due to insufficient subscription, the issue remained undersubscribed till extended date of 25.03.14 and hence the merchant banker has started processing of unblocking of funds with SCSB's and is refunding entire money collected and thus issue stands withdrawn.
Loha Ispaat Ltd has revised its price band and extended the closing date
Loha Ispaat Ltd has informed the Exchange that the issue stands extended for three working days and will now close on March 25, 2014. Accordingly, the price band has been revised to Rs. 74/- to Rs. 77/- from the existing price band of Rs. 77/- to Rs.80/-.
Loha Ispaat Ltd.
9th Floor, Naman Centre,
C-31, Bandra Kurla Complex,
Bandra (East), Mumbai
Bandra, Maharashtra, 400051
Phone: +91 22 67577000
Email: ipo@lohaispaat.com
Website: http://www.loha.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Loha Ispaat IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is 175.
The IPO opens on March 11, 2014, and closes on March 25, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Loha Ispaat IPO using UPI as a payment gateway. Zerodha customers can apply in Loha Ispaat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Loha Ispaat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Loha Ispaat IPO opens on March 11, 2014 and closes on March 25, 2014.
Loha Ispaat IPO lot size is 175, and the minimum amount required for application is ₹13,475.
You can apply in Loha Ispaat 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 Loha Ispaat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Loha Ispaat IPO allotment status.
The Loha Ispaat IPO listing date is not yet announced. The tentative date of Loha Ispaat IPO listing is [.].
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