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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.
The Promoter's of the company are: 1. Mr. Prakash C. Kanugo, (56 years) is the Promoter, Chairman & Managing Director of the Company. 2. Mr. Ashok M. Seth, (36 years) is the Promoter Director of the Company.
| 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 |
The Objects of the Issue are:1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;2. Meet the additional working capital requirement;3. General corporate purpose;4. Meet the issue expenses; and5. List the equity shares of the company on the stock exchanges.
»» Issue Open: Aug 05, 2010 - Aug 10, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 6,250,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 68.75 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 100 - Rs. 110 Per Equity Share
»» Market Lot: 60 Shares
»» Minimum Order Quantity: 60 Shares
»» Listing At: BSE, NSE
Prakash Steelage Ltd IPO Grading / Rating
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.
Check IPO Ratings from other stock analysts.
Prakash Steelage IPO Tags:
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.
| Number of Times Issue is Subscribed (BSE + NSE) | | As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Employee Reservations | Total | | Shares Offered / Reserved | 3,075,000 | 922,500 | 2,152,500 | 100,000 | 6,250,000 | | Day 1 - Aug 05, 2010 17:00 IST | 0.1000 | 3.9200 | 1.0200 | 0.1400 | 0.9800 | | Day 2 - Aug 06, 2010 17:00 IST | 0.5100 | 3.9600 | 1.1100 | 0.8900 | 1.2300 | | Day 3 - Aug 09, 2010 17:00 IST | 1.2700 | 4.2600 | 1.4500 | 1.0100 | 1.7700 | | Day 4 - Aug 10, 2010 17:00 IST | 1.2700 | 10.9100 | 6.6200 | 1.0200 | 4.5300 |
Prakash Steelage Ltd IPO Alerts
1. Monday, August 23, 2010 10:45:33 AM
2. Saturday, August 21, 2010 12:57:58 AM
3. Thursday, August 05, 2010 9:43:05 AM
4. Thursday, July 29, 2010 1:26:56 AM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Wednesday, August 25, 2010 |
| BSE Scrip Code: | 533239 |
| NSE Symbol: | PRAKASHSTL |
| Listing In: | 'B' Group of Securities |
| Sector: | Steel - Tubes and Pipes |
| ISIN: | INE696K01016 |
| Issue Price: | Rs. 110.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 110.00 |
| Open: | Rs. 118.55 |
| Low: | Rs. 117.00 |
| High: | Rs. 201.90 |
| Last Trade: | Rs. 187.95 |
| Volume: | 46,862,627 |
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| NSE |
| Rs. 110.00 |
| Rs. 122.00 |
| Rs. 117.00 |
| Rs. 200.00 |
| Rs. 185.35 |
| 61,634,263 |
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Prakash Steelage Ltd IPO Links
Company Contact Information
Registered Office :
Prakash Steelage Ltd
701, Mahalaxmi Chambers,
Dr. Bhulabhai Desai Road, Mumbai- 400026
Phone: +91-022-2352 6513 / 6514
Fax: +91-022- 2352 6576
Email: cs@prakashsteelage.com
Website: http://www.prakashsteelage.com
Book Running Lead Manager(s)
Prakash Steelage Ltd IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
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| 551. srinivas Sep 08, 2010 5:44:20 PM IST Report Spam! |
| Ravi sir , thanks a lot for your valuable answer.Will try this out with the GPPL listing tomorow.Will let you know how it proceeds. Once again thanks Ravi sir. |
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| 550. Ravi, Bangalore Sep 08, 2010 3:52:56 PM IST Report Spam! |
549. Srinivas
Till 11:30, it is difficult to know the trend. If you are confident, purely on speculation or momentum play, buy 1/3rd in the morning after half-an-hour of commencement of trading.
Typically, Operators sets-in around 11:30 to 1:30 p.m. as per my observation in Aster, Prakash, Midfield. If Operators don't enter the scene, fundamentally weak companies (high valuation scripts) start declining after 11:30 a.m. druing listing day & that trend continues next day also.
If Operators enter the scene, hold for two days- that is the starting stage. Generally, honey-moon will end after two days. Sometimes, different Operators enter the scene & start accumulating in corrections. In such instances, honey-moon will continue even after two days. However, it is difficult to ride the volatility beyond two days. It will tempt us to take the money off the table when we see correction.
In secondary market, you need to watch the sector leaders. When they make noises, look for small-caps in the same sector. You face acid-test during stock-selection in secondary market. Look for cheaper valuation which is showing turn-around stories. Turn-around stories will become multi-baggers. Buy cheap valued & turn-around stories when they buzz. That is typically starting stage. Don't choose sleeping beauties. It will waste your time.
Avoid stocks that are recommended in media. |
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| 549. srinivas Sep 08, 2010 1:17:25 PM IST Report Spam! |
| Ravi, can i go with a strategy that buy a stock on the first day of the listing depending up on its trend and reap benifits with stict stop loss.This stategy may hold good because of the reason that market is going good and all thye ipo's listed in this time frames are giving benfits for the first feww days.Please comment |
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| 548. Ravi, Bangalore Sep 08, 2010 1:02:35 PM IST Report Spam! |
546. Gavin
Buyers are trapped in 182-226 zone. Somebody is picking it in 169-151 zone. If breaches 151, then support exists only at 117 which is life-low recorded on listing day.
I have already pointed-out that you should play in Operators stock at initial stages. Chart is not everything. This stocks moves because of fixing. Stop-loss would trigger. It does not mean that you should not use stop-loss. If you keep stop-loss, you loose Rs.5,000, if you don't then you loose Rs.50,000. Remedy is enter at starting point & in 3 - 4 phases. |
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| 547. srinivas Sep 08, 2010 12:56:25 PM IST Report Spam! |
| Gavin , still your q was not pointing me , but as i am into this stock from the 1st day of listing . This stock is purely in the hands of operators, the people who gained in the first 3 days are only lucky, those who entered above 200 are struck up,from the last 3 days , u dont belive it was not shoing any momentum. I have lost 25 k already , my sincere advice , just exit and take suggestion from ravi/sj/sreedhar/narayan etc about tyhe best fundamental stocks. |
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| 546. Gavin Sep 08, 2010 12:03:31 PM IST Report Spam! |
Dear Sj / Ravi
I bought 50 Prakash @ Rs 236.00 now day by day it become going down so should i hold or book loss. pls suggest
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| 545. rama Sep 06, 2010 10:27:04 AM IST Report Spam! |
| dont waste your money and time on his company |
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| 544. K.K.Natarajan Sep 04, 2010 7:38:57 AM IST Report Spam! |
| What happens in the coming week will let us know whether the honeymoon is over for Prakash steelage. If there are strong operators as in Midfield Industries, they will take it past 200 levels again. Otherwise, doomed! |
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| 543. Punit Sep 03, 2010 9:42:48 PM IST Report Spam! |
| Can anybody tell me when is listing and what to expect on listing day ????????? |
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| 542. Ravi, Bangalore Sep 03, 2010 3:57:07 PM IST Report Spam! |
536. Srinivas
If you want to invest for 5 - 8 years, take a route of mutual fund having at least 3 years good track record.
1. Reliance Regular Savings Equity, (Large Cap & Multi-Cap)- Rs.100 became 159 in 3 years.
2. IDFC Premier Equity Plan A (Midcap)- Rs.100 became Rs.169 in 3 years.
3. UTI Opportunities (Theme Fund)- Rs.100 became 146 in 3 years.
4. Canara Robeco Equity Tax Saver- Rs.100 became 153 in 3 years.
SIP is better to avoid bad-timing. |
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| 541. newipo Sep 03, 2010 3:33:12 PM IST Report Spam! |
535. Ravi, Bangalore
AApka predication is write good predication Thanks
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| 540. siva Sep 03, 2010 12:26:19 PM IST Report Spam! |
Hi sreedhar,
thanks for call on Jindal poly, i sold at 1000 and bought at 985. Generally i dont trade, but your analysis is too good generally. for EIL also you have done great job. this forum has several good analysists like sj, gem ipo finder etc., helping newbies like me. thanks again. |
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| 539. Sj Sep 03, 2010 12:11:47 PM IST Report Spam! |
shreedhar
I hope you are making huge profits in Jindal poly
It has run up a lot
However you can short jindal poly and go long on Garware polyster
Confirmed insider news of 250
I do not trade on insider news but this operatoe has 100% acuracy in past..so i believe him |
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| 538. sreedhar Sep 03, 2010 9:54:12 AM IST Report Spam! |
aka,
Jindal Poly is going up on bonus proposal meeting for which will be held today.I had bought Jindal poly 2 days before & has now sold them.I have even shorted good quantity at 1004.Buy on rumor,sell on news.Today news will come & share should fall.I have bought Karur Vysya bank also which I will be selling on 6TH September when there is a meeting.I will be shorting Karur on that day. |
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| 537. K.K.Natarajan Sep 02, 2010 7:16:40 PM IST Report Spam! |
Dear Srinivas,
Your interest in suzlon not withstanding, people got interested in it at the end of the trading hours today. If you still have suzlon left with you, you would feel happy! |
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| 536. srinivas Sep 02, 2010 2:05:37 PM IST Report Spam! |
| @Ravi and SJ thanks for your inputs.Please so suggest me some fundamentallt good stocks which i can hold fro 5-8 years . |
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| 535. Ravi, Bangalore Sep 02, 2010 1:12:45 PM IST Report Spam! |
Srinivas
You are panic-sticken. Perhaps (I believe), change of hands from Operator No. 2 to Operator No. 3 in 206-202 zone. Keep a stop below 202 (say 195) and keep holding. Significant resistant at 267 (at least 50% profit-booking warranted at those levels). Even intra-day trading above that level (shorting opportunity) may fetch money. Success rate is more at that level.
Keeping a stop at 195 may be unaffordable to you. However, considering this scrip volatility, it is essential to take such hits for being a short-term gambler. |
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| 534. srinivas Sep 02, 2010 11:40:41 AM IST Report Spam! |
| sj sir, i biggest loss i ever had is with suzlon , i bought a lot of 3k shares @ 78 and i have sold them at 52.Even now i dont know why i am intersted in suzlon. Please throw some light on this and as well on KGL(Karuturi). |
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| 533. sj Sep 02, 2010 10:31:06 AM IST Report Spam! |
dear srinivas..
I have already told you strategy so many times dont be anxious....have/peace
if close is above 215 and if it crosses 234 resistance hold....
If you want to stay in peace sell above your cost......
PlZ note that this counter is risky and fundamentals do not support current price......
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| 532. srinivas Sep 02, 2010 9:53:31 AM IST Report Spam! |
| Sj sir , good morning . I am still holding at 227 , i think today i may get a chance to come out of it . what do u say ? |
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