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Loha Ispaat Ltd IPO (Loha Ispaat IPO) Detail

Mar 11, 2014 - Mar 25, 2014        
  
   

Loha Ispaat Ltd is one of the leading Independent Steel Service Centers in India. They are major player in the flat steel product (i.e. HR and CR Coils, Sheets and Plates) markets in India.

The company operate as an Independent Steel Service Centre that purchases raw materials like Hot Rolled Coils, HRPO, Cold Rolled Coils, CRCA, HR Chequered Coils etc. from steel manufacturers and converts them into various shapes and forms through Decoiling / Recoiling, Slitting, Shearing, Cut to Length and other value additions such as Pickling, Oiling, CNC Plasma Cutting, Profiling, Roll Forming, (Trapezoidal, Corrugated), Bell Annealing, Rewinding, Cold Rolling Mill, Skin pass Mill, Trapezoidal Cutting, Gas Cutting etc.

Company's product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards, in HR, CR, HRPO, CRCA, Galvanized coils and plates, Chequered Coils & plates, Trapezoidal Blank etc. according to customer specifications (TDC). They serve a well-diversified base of customers across industries like Automobile, Bearing, Fabrication, Packaging, General Engineering, Pipe manufacturing, White Goods, Infrastructure, Home Appliances etc.

Company Promoters:

Mr. Rajesh Poddar is the Principal Promoter of the Company.

Objects of the Issue:

The Objects of the Issue are to:

1. Fund Working Capital Requirements (post expansion at Khopoli and Taloja Plants); and
2. Fund expenditure for General Corporate Purposes.

Issue Detail:

  »»  Issue Open: Mar 11, 2014 - Mar 25, 2014
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 26,705,476 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 205.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 74 - Rs. 77 Per Equity Share
  »»  Market Lot: 175 Shares
  »»  Minimum Order Quantity: 175 Shares
  »»  Listing At: BSE, NSE

Notices

As per filing with BSE, Loha Ispaat has informed that due to insufficient subscription, the issue remained undersubscribed till extended date of 25.03.14 and hence the merchant banker has started processing of unblocking of funds with SCSB's and is refunding entire money collected and thus issue stands withdrawn.

Loha Ispaat Ltd has revised its price band and extended the closing date

Loha Ispaat Ltd has informed the Exchange that the issue stands extended for three working days and will now close on March 25, 2014. Accordingly, the price band has been revised to Rs. 74/- to Rs. 77/- from the existing price band of Rs. 77/- to Rs.80/-.

Loha Ispaat IPO Reviews:

  1. Dilip Davda says 'Avoid' to Loha Ispaat Ltd IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 2,670,547  8,011,643  16,023,286  26,705,476 
 Day 1 - Mar 11, 2014 17:00 IST 
 Day 2 - Mar 12, 2014 17:00 IST 
 Day 3 - Mar 13, 2014 17:00 IST 
 Day 4 - Mar 14, 2014 17:00 IST 
 Day 5 - Mar 18, 2014 17:00 IST 
 Day 6 - Mar 19, 2014 17:00 IST 1.2400 0.1400 0.0600 0.2000 
 Day 7 - Mar 20, 2014 17:00 IST 1.2400 0.1500 0.1200 0.2400 
 Day 8 - Mar 21, 2014 17:00 IST 1.2400 0.3500 0.1900 0.3400 
 Day 9 - Mar 24, 2014 17:00 IST 1.2400 0.4100 0.2200 0.3800 
 Day 10 - Mar 25, 2014 17:00 IST 1.2500 1.5900 0.3000 0.7800 

Loha Ispaat IPO News Alerts

  1. Thursday, March 20, 2014 8:37:01 AM
    Loha Ispaat Ltd has revised its price band
  2. Tuesday, March 4, 2014 12:44:42 PM
    Upcoming IPO - Loha Ispaat Ltd

Loha Ispaat IPO Rating

   Rating: 3.2
58
3.2
Rating:Rated 3.2 stars

Vote Here ...

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Loha Ispaat IPO Prospectus

Company Contact Information

Registered Office :
    9th Floor, Naman Centre,
    C-31, Bandra Kurla Complex,
    Bandra (East), Mumbai 400051
Phone: +91 22 67577000
Fax: +91 22 67577001
Email: ipo@lohaispaat.com
Website: http://www.loha.in

Loha Ispaat IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Loha Ispaat IPO Lead Manager(s)


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Loha Ispaat IPO Messages (Loha Ispaat IPO Comments)

  Post New Message ...  

21. Kamlesh Shah  Mar 27, 2014 1:34:33 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Kamlesh Shah's - IPO Comments,  Public Profile

How much Loha Ispat Ltd Subscribed ? It is likely 0.78%, No 1.0 time,
IPO is likely to be cancelled ? What is SEBI Guidelines ?

 

21.1. santonu  Mar 27, 2014 4:48:58 PM IST |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments,  Public Profile

The issue has been withdrawn due to limited participation of retail investor. The FII/HNI quota were well subscribed. Managenment did a great mistake by not offering any discount to retail investors, a 5% discount to retail investors could have easily sailed the IPO through . After all a lesson is given

 

20. DURAISWAMY  Mar 22, 2014 11:34:40 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAISWAMY's - IPO Comments,  Public Profile

Why the retail investors keep away from ipo?

 

19. Nilesh Shah  Mar 20, 2014 12:25:11 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Nilesh Shah's - IPO Comments,  Public Profile

NSE and BSE website shows today "Loha Ispat" issue end date 25 March 2014.

 

18. Nilesh Shah  Mar 19, 2014 11:46:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Nilesh Shah's - IPO Comments,  Public Profile

Total subscribed by 0.20 %. FII = 1.24 %, Non- institutional, corporate = 0.14 %, Retail individual = 0.06 %, as on 19th March 2014 at 1700 hours. 20th March is the last date.

 

17. jigaReligare  Mar 19, 2014 6:56:16 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
jigaReligare's - IPO Comments,  Public Profile

CPSE ETF NFO KA PREMIUM KYA HAI
5% UPFRONT DISCOUNT
6.66% LOYALTY BONUS
4% DIVIDEND YIELD
TOTAL 15% BENEFIT IF HOLD

 

16. DURAISWAMY  Mar 19, 2014 4:12:14 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAISWAMY's - IPO Comments,  Public Profile

What is the latest sub status.

 

15. DURAI GOUNDER  Mar 19, 2014 4:06:27 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

KCSL AND ANISHA LISTED AT 50% MORE THAN ISSUE PRICE.

 

14. DURAI GOUNDER  Mar 16, 2014 3:32:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

AGRIMONY LISTED AT 15 . WHAT WILL BE THE LISTING PRICE OF Shri Krishna Prasadam

 

13. DURAI GOUNDER  Mar 15, 2014 11:02:22 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile


Business

Shri Krishna Prasadam Limited is a multidisciplinary Business Venture. The multi dimensional business structure support company to continue to grow in all economic scenario. The businesses are chosen strategically to remain in high need all the times. The idea is to relate our business with the common needs of Common public. Salient Features of our businesses are as flows:-

Real Estate: - Real Estate is ever growing business and is directly relates to the common need of a person. We act as a Channel partner between the Builder and the Hoseeker. We underwrite admirable projects of good developers and market it into mass public. Thus developing a large clientele along with the increasing business turnover. Our business model need continuous public networking.

Trading of Agricultural Products: - We also deal into the trading of items of daily need and thus penetrate into the daily life of common man. The product range includes rice, wheat, barley, paddy etc. The model is that we purchase the stock from unbranded Big whole sellers and sell it to the small whole sellers who in turn supply it to retailers. The business in fact have small margins but it hold us remain in touch of numerous clients. The supply chain business is an ever growing business and we predict ourselves to be a big whole seller in future.

Security Trading:- The securities market allows people to do more with their savings than they would otherwise. It also allows people to do more with their ideas and talents than would otherwise be possible. The people''s savings are matched with the best ideas and talents in the economy. Stated formally, the securities market provides a linkage between the savings and the preferred investment across the entities, time and space. It mobilizes savings and channelises them through securities into preferred enterprises. We are in planning stage to deal in the trading of the securities and also provide advice on the Share trading.

Projects

We are sub underwriter of Sanskriti Apartments situated at Indirapuram N.H. 24

 

12. DURAI GOUNDER  Mar 15, 2014 10:36:21 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

What is the of SAFETY NET?

 

11. DURAI GOUNDER  Mar 14, 2014 8:37:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

IS IT GOOD

 

10. DURAI GOUNDER  Mar 14, 2014 8:27:27 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

nse site shows 0.32 times for qib

 

9. IPO MK RAJKOT  Mar 14, 2014 8:23:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO MK RAJKOT's - IPO Comments,  Public Profile

Total Issue. Size 2,67,05,476

Total Bids
Received 8,58,550

Total Bids
Received at
Cut-off Price 1,400

No. of times
issue is
subscribed 0.03

 

8. DURAI GOUNDER  Mar 14, 2014 8:10:33 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

sub status plese

 

7. Nilesh Shah  Mar 12, 2014 11:41:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Nilesh Shah's - IPO Comments,  Public Profile

How is the IPO of Loha Ispat ? PROS:- Care rating is 3 out of 5. Kostak is 500/minimum application. 91000 shares (35 %) for public. Established company in Maharashtra state. CONS:- Mr. Davda says "Avoid", Price is 77-80, seems high. Long IPO date- 11th to 20th March. I am confusing what to do ? Can anybody please guide ?

 

6. IPO MK RAJKOT  Mar 12, 2014 2:11:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO MK RAJKOT's - IPO Comments,  Public Profile

“Safety Net” voluntary for IPOs,
this
issue is not having it .

 

5. Kamlesh Shah  Mar 11, 2014 4:47:53 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Kamlesh Shah's - IPO Comments,  Public Profile

SAFETY NET FACILITY IN LODHA ISPAT LTD ?

 

4. Kamlesh Shah  Mar 11, 2014 4:39:25 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Kamlesh Shah's - IPO Comments,  Public Profile

Earned in EIL shares sold at average rate @ Rs.167- Thanks for advise to hold in EIL.
Request to advise/opnion for subscribe in IPO - LODHA ISPAT LTD.

 

3. DURAI GOUNDER  Mar 10, 2014 10:48:10 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAI GOUNDER's - IPO Comments,  Public Profile

though closed above issue price unable to sell

 

2. DURAISWAMY  Mar 8, 2014 10:00:32 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
DURAISWAMY's - IPO Comments,  Public Profile

Agrimony just touched issue price . No profit.

 

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