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.
Mr. Rajesh Poddar is the Principal Promoter of the Company.
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 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
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has started processing of unblocking of funds with SCSB's and is refunding entire money collected and thus issue stands withdrawn.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/-.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||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|
Vote Here ...
We provide detail comparison of stock / commodities brokers. We helped over 75,000 traders/investors to save 60% or more brokerage in last 3 years. Here is the list of popular brokers to help investors like you to find the best broker.
We can help you choosing the right broker. Contact us today...
Rs 4000 Brokerage Credit
Flat Rs 20 Per Trade +
5 Free Trades Per Month +
Free Trading Account
Get this exclusive offer
Flat Rs 20 Per Trade
Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits
(* on online account opening)
Unlimited Equity Trading at
Rs 1899 per month
50% off on account opening fee
(save upto Rs 300)
Get More Detail
Brokerage: Intraday @ 0.02%, Delivery @ 0.15%
Rs 0 account opening fee
(Rs 400 waived)