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Gyscoal Alloys IPO is a book built issue of Rs 54.67 crores.
Gyscoal Alloys IPO bidding started from October 13, 2010 and ended on October 15, 2010. The shares got listed on BSE, NSE on October 27, 2010.
Gyscoal Alloys IPO price band is set at ₹65 to ₹71 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,390.
Chartered Capital And Investment Limited is the book running lead manager of the Gyscoal Alloys IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Gyscoal Alloys IPO RHP for detailed information.
| IPO Date | October 13, 2010 to October 15, 2010 |
| Listing Date | October 27, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹71 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 7,700,000 shares (aggregating up to ₹54.67 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Gyscoal Alloys IPO offers 7,700,000 shares. 3,850,000 (50.00%) to QIB, 1,155,000 (15.00%) to NII, 2,695,000 (35.00%) to RII. 29,944 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,880 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,850,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,155,000 (15.00%) | |
| Retail Shares Offered | 2,695,000 (35.00%) | 29,944 |
| Total Shares Offered | 7,700,000 (100%) |
Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,390 |
| Retail (Max) | 31 | 2790 | ₹198,090 |
| Lot Size Calculator | |||
Incorporated in 1999, Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill.
Company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. The Company also manufactures squares, and Flat in sizes of the specification as per requirement of its customers.
The Company�s products adhere to high quality standards and it has got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 12,558.15 | 13,238.18 | 7,776.26 | 3,248.96 | 670.11 | |
| Profit After Tax (PAT) | 178.86 | 730.55 | 280.18 | 56.48 | 22.21 | |
The Object of the issue are:
1. To finance capital exp. for enhancing production;
2. To meet the long term working capital requirements;
3. To meet general corporate purpose.
The Gyscoal Alloys IPO is subscribed 8.59 times on October 15, 2010 5:00:00 PM. The public issue subscribed 8.00 times in the retail category, 1.54 times in the QIB category, and 33.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.54 |
| NII | 33.44 |
| Retail | 8.00 |
| Total | 8.59 |
CARE has assigned an IPO Grade 2 to Gyscoal Alloys 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 Gyscoal Alloys Ltd.
h2>Gyscoal Alloys Ltd IPO Tags:Gyscoal Alloys IPO, Gyscoal Alloys IPO, Gyscoal Alloys IPO Bidding, Gyscoal Alloys IPO Allotment Status, Gyscoal Alloys drhp and Gyscoal Alloys Ltd IPO listing.
| Listing Date | October 27, 2010 |
| BSE Script Code | 533275 |
| NSE Symbol | GAL |
| ISIN | INE482J01013 |
| Final Issue Price | ₹71 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹71.00 |
| ₹76.60 |
| ₹76.60 |
| ₹112.70 |
| ₹81.55 |
| NSE |
|---|
| ₹71.00 |
| ₹75.15 |
| ₹75.15 |
| ₹112.50 |
| ₹81.65 |
Gyscoal Alloys Ltd
2nd Floor Mrudul Tower,
B/H Times of India Ashram Road,
Ahmedabad - 380009, Gujarat
Phone: 91 79 66614508
Email: info@gyscoal.com
Website: http://www.gyscoal.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gal.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Gyscoal Alloys IPO is a main-board IPO of 7,700,000 equity shares of the face value of ₹10 aggregating up to ₹54.67 Crores. The issue is priced at ₹65 to ₹71 per share. The minimum order quantity is 90 Shares.
The IPO opens on October 13, 2010, and closes on October 15, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Gyscoal Alloys IPO opens on October 13, 2010 and closes on October 15, 2010.
Gyscoal Alloys IPO lot size is 90 Shares, and the minimum amount required is ₹6,390.
You can apply in Gyscoal Alloys IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gyscoal Alloys IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gyscoal Alloys IPO allotment status.
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