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Tata Steel FPO is a book build issue of ₹3,477.00 crores. The issue is entirely a fresh issue of 5.70 crore shares of ₹3,477.00 crore.
Tata Steel FPO bidding started from Jan 19, 2011 and ended on Jan 21, 2011. The shares got listed on BSE, NSE on Feb 2, 2011.
Tata Steel FPO price band is set at ₹610.00 per share . The lot size for an application is 10. The minimum amount of investment required by an retail is ₹5,940 (10 shares). The lot size investment for sNII is 33 lots (330 shares), amounting to ₹2,01,300, and for bNII, it is 164 lots (1,640 shares), amounting to ₹10,00,400.
The issue includes a reservation of up to 15,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tata Steel FPO RHP for detailed Information.
| IPO Date | January 19, 2011 to January 21, 2011 |
| Listing Date | February 2, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹594 to ₹610 per share |
| Issue Price Final | ₹610 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,70,00,000 shares (aggregating up to ₹3,477.00 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 90,22,14,196 shares |
| Share Holding Post Issue | 95,92,14,196 shares |
Tata Steel FPO offers total 5,70,00,000 shares. Out of which 2,77,50,000 (48.68%) allocated to QIB, 1,94,25,000 (34.08%) allocated to QIB, 83,25,000 (14.61%) allocated to NII, 1,94,25,000 (34.08%) allocated to RII and 83,25,000 (14.61%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,77,50,000 (48.68%) | NA |
| − Anchor Investor Shares Offered | 83,25,000 (14.61%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,94,25,000 (34.08%) | NA |
| NII (HNI) Shares Offered | 83,25,000 (14.61%) | NA |
| Retail Shares Offered | 1,94,25,000 (34.08%) | 19,42,500 |
| Employee Shares Offered | 15,00,000 (2.63%) | NA |
| Total Shares Offered | 5,70,00,000 (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 |
Tata Steel FPO opens on January 19, 2011, and closes on January 21, 2011.
| IPO Open Date | Wed, Jan 19, 2011 |
| IPO Close Date | Fri, Jan 21, 2011 |
| Tentative Listing Date | Wed, Feb 2, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 21, 2011 |
Investors can bid for a minimum of 10 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 | 10 | ₹6,100 |
| Retail (Max) | 32 | 320 | ₹1,95,200 |
| S-HNI (Min) | 33 | 330 | ₹2,01,300 |
| S-HNI (Max) | 163 | 1,630 | ₹9,94,300 |
| B-HNI (Min) | 164 | 1,640 | ₹10,00,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1907, Tata Steel Ltd is India’s largest steel companies with a steel production capacity of approximately 27.2 mtpa. The Company has a presence across the entire value chain of steel manufacturing, including producing and distributing finished products as well as mining and processing iron ore and coal for its steel production. According to WSA, the company was the seventh largest steel company in the world in terms of crude steel production volume in 2009. Tata Steel's operations are primarily focused in India, Europe and other countries in Asia Pacific. In Financial Year 2010, the Company’s operations in Europe and India represented 62.9% and 28.8%, respectively, of its total steel production.
Tata Steel Ltd offers a broad range of steel products including a portfolio of high value-added downstream products such as hot rolled coils, sections, plates and wires. Tata Steel is also a large producer of ferro chrome in India. The Company’s customers primarily comprise the construction, automotive, aerospace, consumer goods and material handling and general engineering industries.
| Particulars | For the year/period ended (in Rs. Million) | |||||
| 30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 567,136.1 | 1,035,789.7 | 1,475,949.3 | 1,320,094.9 | 254,317.4 | 204,583.9 |
| Profit After Tax (PAT) | 37,584.2 | (21,208.4) | 48,492.4 | 123,217.6 | 41,656.1 | 37,210.7 |
| KPI | Values |
|---|---|
| RoNW | 13.4% |
The Company Tata Steel FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur. | 1,875.00 |
| 2 | Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis. | 1,090.00 |
| 3 | General corporate purposes. | 390.30 |
Tata Steel Ltd FPO, Tata Steel FPO, Tata Steel FPO Bidding, Tata Steel FPO Allotment Status, Tata Steel FPO drhp and Tata Steel FPO listing.
| Listing Date | February 2, 2011 |
| BSE Script Code | 500470 |
| NSE Symbol | TATASTEEL |
| ISIN | INE081A01012 |
| Final Issue Price | ₹610 per share |
Tata Steel Ltd.
Bombay House,
24 Homi Mody Street,
Fort, Mumbai - 400001, Maharashtra
Fort, Maharashtra
Phone: 91-22-66658282
Email: cosec@tatasteel.com
Website: http://www.tatasteel.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tsl.fpo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Manager Reports
Tata Steel FPO is a main-board FPO of 5,70,00,000 equity shares of the face value of ₹10 aggregating up to ₹3,477.00 Crores. The issue is priced at ₹610 per share. The minimum order quantity is 10.
The FPO opens on January 19, 2011, and closes on January 21, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tata Steel FPO using UPI as a payment gateway. Zerodha customers can apply in Tata Steel FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tata Steel FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tata Steel FPO opens on January 19, 2011 and closes on January 21, 2011.
Tata Steel FPO lot size is 10, and the minimum amount required for application is ₹6,100.
You can apply in Tata Steel FPO 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 Tata Steel FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tata Steel FPO allotment status.
The Tata Steel FPO listing date is on Wednesday, February 2, 2011.
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