Bookbuilding IPO | ₹200 Cr | Listing at BSE, NSE | Thu, Feb 23, 2006 - Mon, Feb 27, 2006 P
Visa Steel IPO is a book build issue of ₹199.50 crores. The issue is entirely a fresh issue of 3.50 crore shares of ₹199.50 crore.
Visa Steel IPO bidding started from Feb 23, 2006 and ended on Feb 27, 2006. Visa Steel IPO will list on BSE, NSE with a The tentative listing date fixed as .
Visa Steel IPO is set final issue price at ₹57 per share.
Enam Financial Consultants Pvt Ltd is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Visa Steel IPO DRHP for detailed Information.
IPO Open
Thu, Feb 23, 2006
IPO Close
Mon, Feb 27, 2006
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹627.00 Cr
| IPO Date | 23 to 27 Feb, 2006 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹57 |
| Issue Price | ₹57 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,50,00,000 shares (agg. up to ₹200 Cr) |
| Reserved for Private Promoter | 50,00,000 shares (agg. up to ₹29 Cr) |
| Fresh Issue | 3,00,00,000 shares (agg. up to ₹171 Cr) |
| Net Offered to Public | 3,00,00,000 shares (agg. up to ₹171 Cr) |
| Share Holding Pre Issue | 7,50,00,000 shares |
| Share Holding Post Issue | 11,00,00,000 shares |
Visa Steel IPO comprises a total issue size of 3,00,00,000 shares. The net offer to the public is 2,50,00,000 shares, after excluding 50,00,000 shares allotted on a firm basis. Of the Net offer 1,50,00,000 (50.00%) are allocated to QIB, 45,00,000 (15.00%) allocated to NII 1,05,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,50,00,000 | 50.00% | 50.00% |
| NII (HNI) Shares Offered | 45,00,000 | 15.00% | 15.00% |
| Retail Shares Offered | 1,05,00,000 | 35.00% | 35.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 50,00,000 | 16.67% | |
| Total Shares Offered | 3,00,00,000 | 100.00% | 100.00% |
Incorporated in 1996, VISA Steel Limited specialises in manufacturing high-carbon ferrochrome with integrated facilities in Kalinganagar, Odisha. Part of the VISA Group, it operates a 150,000 TPA ferro chrome plant and a 325 MW captive power plant, focusing on stainless steel/special steel raw materials. The company's core operations are in Kalinganagar, Odisha, comprising a 150,000 TPA ferro chrome plant, submerged arc furnaces, and a 325 MW captive power plant, along with chrome ore beneficiation facilities at Golagaon.
The primary products include High Carbon Ferro Chrome, used extensively in the stainless steel and special steel manufacturing industries
VISA Steel has set up a 150,000 TPA ferrochrome plant at Kalinganagar in Odisha. The facilities include 5 submerged Arc Furnaces with 3x25 MW Power Generating Units.
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|---|---|
| Assets | 484.98 | 260.96 | 46.65 | 32.18 | 9.82 | 6.98 |
| Total Income | 347.20 | 263.36 | 91.17 | 28.04 | 5.08 | 6.49 |
| Profit After Tax | 10.29 | 6.56 | 1.57 | 0.57 | 0.05 | 0.26 |
| NET Worth | 94.39 | 84.09 | 23.99 | 7.18 | 3.29 | 3.24 |
| Reserves and Surplus | 19.41 | 9.12 | 2.35 | 2.23 | 0.40 | 0.37 |
| Amount in ₹ Crore | ||||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brownfield expansion of existing manufacturing activities into an integrated 0.5 million TPA special and stainless steel plant | 56.88 |
| 2 | Issue expenses | 10.00 |
| Total | 66.88 |
| KPI | Dec 31, 2005 | Mar 31, 2005 |
|---|---|---|
| Debt/Equity | 1.31 | 0.42 |
| RoNW | 10.90% | 7.95% |
| Price to Book Value | 4.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.87 | 1.25 |
| P/E (x) | 65.15 | 45.71 |
| Promoter Holding | 100% | 72.73% |
| Market Cap | ₹627.00 Cr. |
Lead Manager Reports
Visa Steel IPO is a main-board IPO of 3,50,00,000 equity shares of the face value of ₹10 aggregating up to ₹200 Crores. The issue is priced at ₹57 per share. The minimum order quantity is .
The IPO opens on Thu, Feb 23, 2006, and closes on Mon, Feb 27, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Visa Steel IPO using UPI as a payment gateway. Zerodha customers can apply in Visa Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Visa Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Visa Steel IPO opens on Thu, Feb 23, 2006 and closes on Mon, Feb 27, 2006.
Visa Steel IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Visa Steel 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 Visa Steel IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Visa Steel IPO allotment status.
The Visa Steel IPO listing date is not yet announced. The tentative date of listing is .
