Bookbuilding FPO | ₹3,477 Cr | Listed at BSE, NSE | Wed, Jan 19, 2011 - Fri, Jan 21, 2011
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 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹6,100 (10 shares) (based on upper price). 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.
FPO Open
Wed, Jan 19, 2011
FPO Close
Fri, Jan 21, 2011
Issue Price
₹610 per share
Market Cap (Pre-IPO)
₹58,512.07 Cr
| IPO Date | 19 to 21 Jan, 2011 |
| Listed on | Wed, Feb 2, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹594 to ₹610 |
| Issue Price | ₹610 per share |
| Lot Size | 10 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,70,00,000 shares (agg. up to ₹3,477 Cr) |
| Fresh Issue | 5,70,00,000 shares (agg. up to ₹3,477 Cr) |
| Share Holding Pre Issue | 90,22,14,196 shares |
| Share Holding Post Issue | 95,92,14,196 shares |
| BSE Script Code / NSE Symbol | 500470 / TATASTEEL |
| ISIN | INE081A01012 |
Tata Steel FPO comprises a total issue size of 5,70,00,000 shares. The net offer to the public is 5,55,00,000 shares, after excluding 15,00,000 shares under a preferential allotment. Of the Net offer 2,77,50,000 (50.00%) are allocated to QIB, 83,25,000 (15.00%) allocated to NII 1,94,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,77,50,000 | 50.00% | 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 | 15.00% | 14.61% | NA |
| Retail Shares Offered | 1,94,25,000 | 35.00% | 34.08% | 19,42,500 |
| Preferential Reservations | ||||
| Employee Shares Offered | 15,00,000 | 2.63% | NA | |
| Total Shares Offered | 5,70,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| 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 |
| 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 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 13.4% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 32.69% | |
| Market Cap | ₹58,512.07 Cr. |
The Tata Steel FPO is subscribed 6.03 times on January 21, 2011 5:00:00 PM (Day 3). The public issue subscribed 1.6 times in the retail category, 10.41 times in the QIB category, and 7.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 10.41 | 1,94,25,000 | |
| NII | 7.21 | 83,25,000 | |
| Retail | 1.6 | 1,94,25,000 | |
| Employee | 0.06 | 15,00,000 | |
| Total | 6.03 | 4,86,75,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead merchant bankers (including, underwriting commission, brokerage and selling commission) | 0.00 |
| 2 | Registrars to the Issue | 0.00 |
| 3 | Advisors | 0.00 |
| 4 | Bankers to the Issue | |
| 5 | Printing and stationery | 0.00 |
| 6 | Listing fees | |
| 7 | Advertising and marketing expenses | 0.00 |
| 8 | Others including auditors fees | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹610.00 | ₹610.00 |
| Open | ₹630.15 | ₹631.10 |
| Low | ₹615.65 | ₹615.80 |
| High | ₹633.85 | ₹634.95 |
| Last Trade | ₹625.70 | ₹626.25 |
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 Crores. The issue is priced at ₹610 per share. The minimum order quantity is 10.
The FPO opens on Wed, Jan 19, 2011, and closes on Fri, Jan 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 Wed, Jan 19, 2011 and closes on Fri, Jan 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 Wed, Feb 2, 2011.
