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.
| Issue Open | Sep 21, 2010 - Sep 24, 2010 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 225,516,188 Eq Shares of Rs 10 (aggregating up to Rs 248.07 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 10 - Rs 11 Per Equity Share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE, NSE |
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.
Check IPO Ratings from other stock analysts.
Electrosteel Integrated Ltd IPO, Electrosteel Integrated IPO, Electrosteel Integrated IPO Bidding, Electrosteel Integrated IPO Allotment Status, Electrosteel Integrated drhp and Electrosteel Integrated Ltd IPO listing.
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 135,309,713 | 22,551,619 | 67,654,856 | 225,516,188 |
Sep 24, 2010 17:00 | 5.86x | 28.58x | 6.19x | 8.23x |
| Listing Date | Friday, October 8, 2010 |
| BSE Script Code | 533264 |
| NSE Symbol | ESL |
| Listing In | B |
| ISIN | INE481K01013 |
| Issue Price | Rs 11 Per Equity Share |
| Face Value | Rs 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
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: electro.ipo@karvy.com
Website: https://karisma.karvy.com/
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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?
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