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Prakash Steelage IPO is a book build issue of ₹68.75 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹68.75 crore.
Prakash Steelage IPO bidding started from Aug 5, 2010 and ended on Aug 10, 2010. The shares got listed on BSE, NSE on Aug 25, 2010.
Prakash Steelage IPO price band is set at ₹110.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,000 (60 shares). The lot size investment for sNII is 31 lots (1,860 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (9,120 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Keynote Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Prakash Steelage IPO RHP for detailed Information.
| IPO Date | August 5, 2010 to August 10, 2010 |
| Listing Date | August 25, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹100 to ₹110 per share |
| Issue Price Final | ₹110 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,50,039 shares (aggregating up to ₹68.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,12,50,000 shares |
| Share Holding Post Issue | 1,75,00,000 shares |
Prakash Steelage IPO offers total 62,50,000 shares. Out of which 30,75,000 (49.20%) allocated to QIB, 9,22,500 (14.76%) allocated to NII, 21,52,500 (34.44%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 30,75,000 (49.20%) | NA |
| NII (HNI) Shares Offered | 9,22,500 (14.76%) | NA |
| Retail Shares Offered | 21,52,500 (34.44%) | 35,875 |
| Employee Shares Offered | 1,00,000 (1.60%) | NA |
| Total Shares Offered | 62,50,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Prakash Steelage IPO opens on August 5, 2010, and closes on August 10, 2010.
| IPO Open Date | Thu, Aug 5, 2010 |
| IPO Close Date | Tue, Aug 10, 2010 |
| Tentative Listing Date | Wed, Aug 25, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 10, 2010 |
Investors can bid for a minimum of 60 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 | 60 | ₹6,600 |
| Retail (Max) | 30 | 1,800 | ₹1,98,000 |
| S-HNI (Min) | 31 | 1,860 | ₹2,04,600 |
| S-HNI (Max) | 151 | 9,060 | ₹9,96,600 |
| B-HNI (Min) | 152 | 9,120 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of- the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.
PSL is also a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. To meet the increasing demand, they propose a backward integration cum expansion of manufacturing facilities at their existing unit in Umbergaon, Gujrat.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 19,191.02 | 32,247.36 | 23,238.20 | 16,005.63 | 9,894.02 | 6,147.99 |
| Profit After Tax (PAT) | 746.10 | 749.71 | 820.38 | 314.30 | 81.00 | 33.81 |
| KPI | Values |
|---|---|
| RoNW | 35.03% |
The Company Prakash Steelage 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 | Expansion of existing manufacturing facility at Umbergaon, Gujarat. | 485.50 |
| 2 | Meet the additional working capital requirement. | 618.70 |
| 3 | General corporate purpose. | 34.00 |
| 4 | Meet the issue expenses and | 45.50 |
| 5 | List the equity shares of the company on the stock exchanges. |
CARE has assigned an IPO Grade 2 to Prakash Steelage 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 Prakash Steelage Ltd.
Prakash Steelage Ltd IPO, Prakash Steelage IPO, Prakash Steelage IPO Bidding, Prakash Steelage IPO Allotment Status, Prakash Steelage drhp and Prakash Steelage Ltd IPO listing.
| Listing Date | August 25, 2010 |
| BSE Script Code | 533239 |
| NSE Symbol | PRAKASHSTL |
| ISIN | INE696K01024 |
| Final Issue Price | ₹110 per share |
| BSE Listing Group | B |
Prakash Steelage Ltd.
Prakash Steelage Ltd
701, Mahalaxmi Chambers,
Dr. Bhulabhai Desai Road, Mumbai- 400026
Mumbai, Maharashtra
Phone: +91-022-2352 6513 / 6514
Email: cs@prakashsteelage.com
Website: http://www.prakashsteelage.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Prakash Steelage IPO is a main-board IPO of 62,50,039 equity shares of the face value of ₹10 aggregating up to ₹68.75 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 60.
The IPO opens on August 5, 2010, and closes on August 10, 2010.
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 Prakash Steelage IPO using UPI as a payment gateway. Zerodha customers can apply in Prakash Steelage IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prakash Steelage IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prakash Steelage IPO opens on August 5, 2010 and closes on August 10, 2010.
Prakash Steelage IPO lot size is 60, and the minimum amount required for application is ₹6,600.
You can apply in Prakash Steelage 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 Prakash Steelage IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prakash Steelage IPO allotment status.
The Prakash Steelage IPO listing date is on Wednesday, August 25, 2010.
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