Incorporated in 2006, Electrosteel Integrated Ltd, promoted by Electrosteel Castings Ltd (ECL) is to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant.
ECL is in the business of manufacturing Cast Iron pipes for over four decades and Ductile Iron Spun Pipes. EIL are setting up the proposed plant near Siyaljori village in Bokaro District of Jharkhand. The proposed plant will be based on Blast Furnace (BF) - Basic Oxygen Furnace (BOF) - Billet Caster and Hot Rolling Route and will produce 1.2 MTPA of long steel products, comprising 0.5 MTPA of 5.5-12.0 mm diameter wire rods in coil form and 0.7 MTPA of reinforcement bars in straight lengths and bundled in the range of 8-32 mm and plain rounds upto 60mm diameter. The plant will have a 0.33 MTPA DI pipe production facility in the same complex and will be provided with hot metal from the Blast Furnaces. The plant will also have production facilities for 0.27 MTPA of Commercial Billets and 0.40 MTPA of Pig Iron.
Company has acquired approximately 1,723.44 acres of land for the proposed plant, taking into account the scope for future expansion. The area of land for the proposed plant is approximately 600 acres with another 20-300 acres of land that would be required for construction of storage space for materials.
The Promoters of the Company is Electrosteel Castings Limited.
The objects of the Issue are as follows:
1. To part finance the construction of Integrated Steel and D.I. pipe plant having a capacity of 2.2 MTPA in Jharkhand, India;
2. Margin money towards Bank Guarantees;
3. General Corporate Purposes; and
4. Create a public market for equity shares by listing securities of Company on Stock Exchanges.
| IPO Opening Date | Sep 21, 2010 |
| IPO Closing Date | Sep 24, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 to ₹11 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE, NSE |
| Issue Size | 225,516,188 Eq Shares of ₹10 (aggregating up to ₹248.07 Cr) |
The Electrosteel IPO market lot size is 600 shares. A retail-individual investor can apply for up to 30 lots (18000 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹6,600 |
| Maximum | 30 | 18000 | ₹198,000 |
CARE has assigned an IPO Grade 3 to Electrosteel Integrated Ltd IPO. This means as per CARE company has '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 Electrosteel Integrated Ltd.
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The Electrosteel IPO is subscribed 8.23x times on Sep 24, 2010 17:00. The public issue subscribed 6.19x in the retail category, 5.86x in the QIB category, and 28.58x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 5.86x |
| NII | 28.58x |
| RII | 6.19x |
| Total | 8.23x |
| Listing Date | Friday, October 8, 2010 |
| BSE Script Code | 533264 |
| NSE Symbol | ESL |
| Listing In | B Group of Securities |
| ISIN | INE481K01013 |
| IPO Price | ₹11 per equity share |
| Face Value | ₹10 per equity share |
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Electrosteel Integrated Ltd
801, Uma Shanti Apartments,
Kanke Road,
Ranchi - 834 008, Jharkhand, India
Phone: +91 651 2231636
Email: eil.investors@electrosteel.com
Website: http://www.electrosteel.com
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: electro.ipo@karvy.com
Website: https://karisma.kfintech.com/
Electrosteel IPO is a main-board IPO of 225,516,188 equity shares of the face value of ₹10 aggregating up to ₹248.07 Crores. The issue is priced at ₹10 to ₹11 per equity share. The minimum order quantity is 600 Shares.
The IPO opens on Sep 21, 2010, and closes on Sep 24, 2010.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Electrosteel IPO opens on Sep 21, 2010 and closes on Sep 24, 2010.
Electrosteel IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.
You can apply in Electrosteel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Electrosteel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Electrosteel IPO allotment status.
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I have appied for 2400 share and git 600.Now i want to know how can i get my money back?
Regards,
Nitin