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Electrosteel Integrated Ltd IPO (Electrosteel IPO) Detail

Sep 21, 2010 - Sep 24, 2010

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.

Company Promoters:

The Promoters of the Company is Electrosteel Castings Limited.

Objects of the Issue:

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.

Electrosteel IPO Details

Issue OpenSep 21, 2010 - Sep 24, 2010
Issue TypeBook Built Issue IPO
Issue Size225,516,188 Eq Shares of ₹10
(aggregating up to ₹248.07 Cr)
Face Value₹10 Per Equity Share
Issue Price₹10 to ₹11 Per Equity Share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtBSE, NSE

Electrosteel IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹6,600
Maximum3018000₹198,000
Company name has been changed to 'Electrosteel Steels Ltd'

Electrosteel Integrated Ltd IPO Grading / Rating

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 Tags:

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.

Electrosteel IPO Subscription Status (Bidding Detail)

Electrosteel IPO how much subscribed?

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

Electrosteel IPO Prospectus

Electrosteel IPO Rating

216
3.9
Rating:Rated 3.9 stars

Vote Here ...

Electrosteel IPO Listing Date

Listing DateFriday, October 8, 2010
BSE Script Code533264
NSE SymbolESL
Listing InB
ISININE481K01013
Issue Price₹11 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹11.00
₹12.35
₹9.35
₹12.35
₹11.25
141,904,149
NSE
₹11.00
₹11.15
₹9.35
₹11.85
₹11.25
229,883,785

Electrosteel IPO Reviews / Ratings

Angel Broking - Subscribe for long term.

Company Contact Information

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

Electrosteel IPO Registrar

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/

Electrosteel IPO FAQs

  1. 1. What is Electrosteel IPO?

    Electrosteel IPO is a main-board initial public offering of 225,516,188 equity shares of the face value of ₹10 aggregating up to ₹248.07 Crores.

    The issue price of the IPO is ₹10 to ₹11 Per Equity Share. The minimum order quantity is 600 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Sep 21, 2010 and closes on Sep 24, 2010.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Electrosteel IPO will open?

    The Electrosteel IPO opens on Sep 21, 2010 and closes on Sep 24, 2010.

  3. 3. How to apply for Electrosteel IPO?

    Electrosteel IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Electrosteel IPO allotment?

    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.

  5. 5. When is Electrosteel IPO listing date?

    The Electrosteel IPO listing date is on Friday, October 8, 2010, at BSE, NSE.
  6. 6. What is the lot size of Electrosteel IPO?

    Electrosteel IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.

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Electrosteel IPO Review / Comments

Anonymous
570. Anonymous  Oct 18, 2010 00:42 I Like It. | Report Abuse
How can i know my refund status for the ipo.
I have appied for 2400 share and git 600.Now i want to know how can i get my money back?

Regards,
Nitin
Anonymous
569. Anonymous  Oct 16, 2010 22:08 I Like It. | Report Abuse
Electrosteel is a rogue or a good company, it could not retain itself on the minimum price of face value at Rs.11/= what do suggest its future.
Anonymous
568. Anonymous  Oct 12, 2010 14:02 I Like It. | Report Abuse
For GMP of Coal India & Vatech, Contact Mammu bhai - 09319303542.
Anonymous
567. Anonymous  Oct 12, 2010 03:05 I Like It. | Report Abuse
Topline of Electrosteel will be 1500 crore in FY13 , This stock multibagger, It parent Company Electrosteel Casting Limited is doing good water infrastrcture segment. Accumulate this stock with 5 year view
Anonymous
566. Anonymous  Oct 11, 2010 23:45 I Like It. | Report Abuse
has anyone received the refund?
Anonymous
565. Anonymous  Oct 10, 2010 20:36 I Like It. | Report Abuse
please message me issue prise of electro steel
Anonymous
564. Anonymous  Oct 9, 2010 16:52 I Like It. | Report Abuse
For Exact Grey Market Rates, You are free to Contact Mr.Maamu - 09319303542.
Anonymous
563. Anonymous  Oct 9, 2010 14:45 I Like It. | Report Abuse
Hiii
I have applied for this IPO from my Motilal Oswal ESBI terminal.
I haven't got any share but my money is also not refunded to my account.

So I would like your advice on this matter guys. I already contact Motilas customer care , they said to contact with company registrar.

did everybody get refund?
Anonymous
562. Anonymous  Oct 9, 2010 11:41 I Like It. | Report Abuse
If Any One Interested in Grey Market Deals may Contact at Grey Share House at 09319270054.
Jay patwa
561. Jay patwa  Oct 9, 2010 00:38 I Like It. | Report Abuse
among d today's 3 listing only electrosteel manage to close above issue price...... it will rock in next few days.....
IPOANALYSIS
560. IPOANALYSIS  Oct 9, 2010 00:24 I Like It. | Report Abuse
HI SJ,

Despite me talking politely it looks you do not understand things unless said in harsh way.

All your Ipo recommendation have gone wrong and everybody knows about this that you are a dalal(try to manipulate things) and not their friend.

so my point is you applied in ramky ,electrosteel,microsec.
what was point in applying in electrosteel whan it was easily available at 9.70 paisa in morning and you can buy as many chunk of shares as you want at 10% discount.

Just filter your messages and cehck your worse recommendation of canatbil. it will be eavy crash and I fear it wil erode 60% of wealth in just 1 month .

You have aksed to sell career point above 400 and you said you will congratulate me if it goes above 500 . it went to 700 yesterday.On monday it will again gain.

you do not have eveb 10% sucess rate and still you have courage or i call besharam to speak words. i apprecaite your guts man.keep it up but now everyone would know your real face and what worth are you.

Lets now see your next recommendation performance cantabil.

Msn
559. Msn  Oct 8, 2010 22:52 I Like It. | Report Abuse
Ravi, Bangalore
These days not seen ur inputs on any IPO.
do u have any idea about IKF Technologies..
its a penny stock but long term investment..
Thanks for the Inputs..
Anonymous
558. Anonymous  Oct 8, 2010 22:00 I Like It. | Report Abuse
good price to accomulate less risk more gain , most of retail stock is absorved today
Anonymous
557. Anonymous  Oct 8, 2010 21:44 I Like It. | Report Abuse
dear anil g

i cannot always praise you

sometimes i will scold you too

so for your stupid question i have stupid reply avoid va tech wabag on listing....

Coz agar bohot badh jayega to phir tumko yeh durr rahega....ke kahin loss na ho jaye...

I am not offending you......

Due respect

get well soon mammmuuuu....

Regards....

Sj posting from mobile......
Anil g
556. Anil g  Oct 8, 2010 20:50 I Like It. | Report Abuse
Hi SJ,

I want to buy VA Tech after listing; please let me know upto what price VA Tech is ok to buy.

at this time I am confused, kyonki sab shares dub rahe hai listing ke baad :(
Ravi, Bangalore
555. Ravi, Bangalore  Oct 8, 2010 20:07 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
551. Sj

There are responsible Anonymous & irresponsible Anonymous. Some people take responsibility for their loss & few blame others for their loss.

People who blame others for their loss will never learn. For them, fault is always others. People make such comments out of frustration.

Now filtering options is given. Hence, I believe there is no harm in responding to Anonymous. You should note that filtering option not available for Anonymous & hence, some people are irresposible.
Daman
554. Daman  Oct 8, 2010 19:15 I Like It. | Report Abuse
Hi SJ...

As per ur advice I bought some Magfil @ 150....I have a small lot of Electrosteel as well & wil keep it for long term...

Anyways...congrats for ur sister's marriage....may god bless the couple...

Regards
Daman
Sj
553. Sj  Oct 8, 2010 18:22 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts)
KK sir is sensible...so i will not advice him

ravi bangalore is also sensible but these days going mad by replying to anonymus people.............


Gem is absent so later....

Shreedhar Srini Milinds Mukul ...ABClicks and all other freinds and other boarders


Plz stop fighting with stupid people however stupid there charge is ....

Even if they hurl abuses....!!

They are frustated ...

Dont you people have any other productive work

And also stop defending me...

Main ek kaaafi....huunn in saab ke liyee...

But now i am also ignoring coz unnecessary wastes my time...

I have so many pending reports to mail to 300 chittorgarh mail freind now....


As KK Adviced me count from 1 to 100 if you get angry..!!


I am following that now....and in peace....Lolllll.!!

Freinds i was chatting thru G T A L K.......With sandesh k and other people whu added me or send me invitation....

I HAVE NOT RUNAWAY ANYWHERE


I WAS BUSY IN BUYING ELECTRO AT 9.70 FOR 150 CLIENTS

tHAT ITSELF TOOK ME 1 HOUR AND I WAS USING SEPERATE COMPUTER AND SPERATE STAF FOR BUYING ELECTRO AROUND 9.70

nO CLIENT HAS SOLD SINGLE SHARE EVEN IF THEY GOT AT 9.70

coz they are in for long term

as i said to clients and boarders here

tO APPLY IN PART NOW AND APPLY PART IF LISTS AT DISCOUNT OR IN STOCK CRASH

THIS IS LONG TERM STORY

AGAIN REMINDING

fair price is 14.50 per share of Electrosteel steels limited

As per current earnings it is available at 0.70 PE

They will finish project in 1 year

then post awesome revenues

Dont be suprised if it is 75 by 2012-13...

crash or no crash makes no difference to electrosteel

coz i said it is just a project not a company right now...!!


PECV Valuations used for valuing projects gives it a value of 19.70 per share as told before..!!



Boss as i told yesterday my laptops have gone for formatting...

And i was busy in electro....so coudnt post...

Broking is more important than chittorgarh

Chittorgarh is not my bread and butter....


NOW REGARDING RAMKY...!!

I am holding my 600 shares of ramky...i know it will go too high in 6 months TO 1 YEAR

rIGHT NOW EXECUTION IN QUESTION

BUT NOW INFRA SPENDING WILL AGAIN PICK UP

PLUS IT A DIVERSIFIED INTO VARIOUS SECTORS

order book is 3.5 x 2010 so constant revenues



I had avoided for my clients and said it is high risk high gain.....

I thank Saharanpurji for boosting my morale and not withdrawing my application in Ramky

He told me he has total info on ramky dont worry...

I was withdrawing my own application

Clients KAA I ALREADY WITHDREW

AND I ALSO SAID ON BOARD THAT I AM NOT GOOD FOR LISTING TARGETS AS SHREEDHAR SAID

AND I DO NOT APPLY FOR LISTING GAINS

i HAVE ADDED MORE SHARES TO MAKE ROUND FIGURE OF 1000 SHARES IN RAMKY AT 395 ODD

I KNOW IT WILL GIVE ME GOOD PROFITS...!!

And I also adviced to other boarders here..that avoid it if you cant take risk as I have done for my clients....but obviously now that they are frustated they will not read my previous posts and blame for no reason


Thank You Saharanpurji

As i said you boosted my morale for Ramky FOR NOT WITHDRAWING MY APPLICATION ALTHOUGH I WITHDREW FOR CLIENTS THAT I ALWAYS DO..!!

You are the best mentor and Big brother i have met in long time...since school days...!!

SO SAHARANPURJI IF YOU READ THIS POST WHEN YOU GET FREE THIS ONES FOR YOU....!!




JUST LIKE Mr. IPO Analysis blamed me for ELECTRO....

I know now also people who panicked sold at 10 odd and are frustated will say it will be 10 rupees for 10 years....

COZ THEY ARE LOOSERS WHO ONLY DAY TRADER....!!




ANyways Congrats to Electrosteel Boarders for their long term and not listing gains strategy...!!

Now we will laugh in Long term

Long term always wins

Short may win may loose


This song is for ELECTRO SHAREHOLDERS WHO ARE IN FOR LONG TERM:

eLECTROSTEEL sHAREHOLDERS IN love with Electrosteel singing:------


"Aint No Sunshine when she (Electrosteel) is gonee.!!

Its not warm when she is awayyyyyyyy...!!

Aint no Sunshineeeeeeeeeeeee When sheeeeee is gonnnneeeeee


And this Potfolio ain't No home..

Anytime she goes away........!!

Anytime ELECTROSTEEL Goes away


Beats of luck to electrosteel shareholders

And best of luck for Va tech Wabag as well


I will be busy

i have to amil reports almost 20 now to all my freindsd of chittorgarh and clients


SO BUSY


Will be posting from time to time

Plus my younger sister's marriage in November




Regards My freinds Shreedhar Gem Srini John ABC KK my brother Sharanpurji Milinds Mukul....and all...

Sorry if i missed any freinds they are so many now 300.....Lolll..!!


Setu (Sj)
Anonymous
552. Anonymous  Oct 8, 2010 18:16 I Like It. | Report Abuse

Issue Size: 225,516,188 Equity Shares

Retail Individual Investors (RIIs) : 67,654,856

Total Traded Quantity : 229,888,785

Delivery Position yet to come... just see how HNI. Operators and FII had bought it. those who has sold the stock are defiantly ganna cry.
Anonymous
551. Anonymous  Oct 8, 2010 17:40 I Like It. | Report Abuse
Too many posts anonymous posts blaming someone else for losses. Hmm. Most likely it's just one or two jealous f00ls blaming others who try to help. You don't have to blindly follow someone you hate...Got it? Jealous greedy idi0ts like these will drive away those who contribute.



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