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); and2. Fund expenditure for General Corporate Purposes.
»» Issue Open: Mar 11, 2014 - Mar 25, 2014
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has started processing of unblocking of funds with SCSB's and is refunding entire money collected and thus issue stands withdrawn.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:
Issue Subscription Detail / Current Bidding Status
Loha Ispaat IPO Rating
Loha Ispaat IPO Prospectus
Company Contact Information
Registered Office :
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Loha Ispaat IPO Messages (Loha Ispaat IPO Comments)
How much Loha Ispat Ltd Subscribed ? It is likely 0.78%, No 1.0 time,
21.1. santonu Mar 27, 2014 4:48:58 PM IST | santonu's messages
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
Why the retail investors keep away from ipo?
NSE and BSE website shows today "Loha Ispat" issue end date 25 March 2014.
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.
CPSE ETF NFO KA PREMIUM KYA HAI
What is the latest sub status.
KCSL AND ANISHA LISTED AT 50% MORE THAN ISSUE PRICE.
AGRIMONY LISTED AT 15 . WHAT WILL BE THE LISTING PRICE OF Shri Krishna Prasadam
What is the of SAFETY NET?
IS IT GOOD
nse site shows 0.32 times for qib
Total Issue. Size 2,67,05,476
sub status plese
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 ?
“Safety Net” voluntary for IPOs,
SAFETY NET FACILITY IN LODHA ISPAT LTD ?
Earned in EIL shares sold at average rate @ Rs.167- Thanks for advise to hold in EIL.
though closed above issue price unable to sell
Agrimony just touched issue price . No profit.
|About this article:
Title: Loha Ispaat IPO Details - Date, Prospectus, Allotment, Listing, Reviews & Status
Author: Chittorgarh.com Team
Date published: 5/6/2014 1:31:00 PM
Rating: 3.2 out of 5