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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.
IPO Date | Mar 11, 2014 to Mar 25, 2014 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price | ₹74 to ₹77 per share |
Lot Size | 175 Shares |
Total Issue Size | 26,705,476 shares (aggregating up to ₹205.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
QIB Shares Offered | 2,670,547 (10.00%) |
NII (HNI) Shares Offered | 8,011,643 (30.00%) |
Retail Shares Offered | 16,023,286 (60.00%) |
Total Shares Offered | 26,705,476 |
The Loha Ispaat IPO lot size is 175 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 175 | ₹13,475 |
Retail (Max) | 14 | 2450 | ₹188,650 |
Lot Size Calculator |
The Loha Ispaat IPO is subscribed 0.78 times on Mar 25, 2014 5:00:00 PM. The public issue subscribed 0.30 times in the retail category, 1.25 times in the QIB category, and 1.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 1.25 |
NII | 1.59 |
Retail | 0.30 |
Total | 0.78 |
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/-.
[Dilip Davda] Avoid. Loha Ispaat Ltd IPO doesn't have Safety Net thus makes it a risky bet. Read detail review...
The Objects of the Issue are to:
1. Fund Working Capital Requirements (post expansion at Khopoli and Taloja Plants); and
2. Fund expenditure for General Corporate Purposes.
Loha Ispaat Ltd
9th Floor, Naman Centre,
C-31, Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Phone: +91 22 67577000
Email: ipo@lohaispaat.com
Website: http://www.loha.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Loha Ispaat IPO is a main-board IPO of 26,705,476 equity shares of the face value of ₹10 aggregating up to ₹205.00 Crores. The issue is priced at ₹74 to ₹77 per share. The minimum order quantity is 175 Shares.
The IPO opens on Mar 11, 2014, and closes on Mar 25, 2014.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Loha Ispaat IPO opens on Mar 11, 2014 and closes on Mar 25, 2014.
Loha Ispaat IPO lot size is 175 Shares and the minimum order quantity is .
You can apply in Loha Ispaat 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Loha Ispaat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Loha Ispaat IPO allotment status.
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