Incorporated in 1907, Tata Steel Ltd is India’s largest steel companies with a steel production capacity of approximately 27.2 mtpa. The Company has a presence across the entire value chain of steel manufacturing, including producing and distributing finished products as well as mining and processing iron ore and coal for its steel production. According to WSA, the company was the seventh largest steel company in the world in terms of crude steel production volume in 2009. Tata Steel's operations are primarily focused in India, Europe and other countries in Asia Pacific. In Financial Year 2010, the Company’s operations in Europe and India represented 62.9% and 28.8%, respectively, of its total steel production.
Tata Steel Ltd offers a broad range of steel products including a portfolio of high value-added downstream products such as hot rolled coils, sections, plates and wires. Tata Steel is also a large producer of ferro chrome in India. The Company’s customers primarily comprise the construction, automotive, aerospace, consumer goods and material handling and general engineering industries.
The promoter of the Company is Tata Sons Limited.
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||37,584.2||(21,208.4)||48,492.4||123,217.6||41,656.1||37,210.7|
The objects of the Issue are to:
1. Part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur;
2. Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis; and
3. General corporate purposes.
»» Issue Open: Jan 19, 2011 - Jan 21, 2011
»» Issue Type: Book Built Issue FPO
»» Issue Size: 57,000,000 Equity Shares of Rs 10 aggregating up to Rs 3,477.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 594 - Rs 610 Per Equity Share
»» Market Lot: 10 Shares
»» Minimum Order Quantity: 10 Shares
»» Listing At: BSE, NSE
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|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||19,425,000||8,325,000||19,425,000||1,500,000||48,675,000|
|Day 1 - Jan 19, 2011 17:00 IST||0.4200||0.0700||0.0400||0.0000||0.2000|
|Day 2 - Jan 20, 2011 17:00 IST||0.6700||0.7900||0.2000||0.0000||0.4800|
|Day 3 - Jan 21, 2011 17:00 IST||10.4100||7.2100||1.6000||0.0600||6.0300|
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