Bookbuilding IPO | ₹206 Cr | Listing at BSE, NSE | Tue, Mar 11, 2014 - Tue, Mar 25, 2014
Loha Ispaat IPO is a book build issue of ₹205.63 crores. The issue is entirely a fresh issue of 2.67 crore shares of ₹205.63 crore.
Loha Ispaat IPO bidding started from Mar 11, 2014 and ended on Mar 25, 2014.
Loha Ispaat IPO is set issue price band at ₹74 to ₹77 per share. The lot size for an application is 175 shares. The minimum amount of investment required by an individual investor (retail) is ₹13,475 (175 shares) (based on upper price). The lot size investment for sNII is 15 lots (2,625 shares), amounting to ₹2,02,125, and for bNII, it is 75 lots (13,125 shares), amounting to ₹10,10,625.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Loha Ispaat IPO RHP for detailed Information.
IPO Open
Tue, Mar 11, 2014
IPO Close
Tue, Mar 25, 2014
Price Band
₹74 to ₹77
Market Cap (Pre-IPO)
₹777.70 Cr
| IPO Date | 11 to 25 Mar, 2014 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹74 to ₹77 |
| Lot Size | 175 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,67,05,476 shares (agg. up to ₹206 Cr) |
| Fresh Issue | 2,67,05,476 shares (agg. up to ₹206 Cr) |
| Share Holding Pre Issue | 7,42,94,524 shares |
| Share Holding Post Issue | 10,10,00,000 shares |
Loha Ispaat IPO comprises a total issue size of 2,67,05,476 shares. Out of which, 26,70,547 are allocated to QIB, 80,11,643 (30.00%) allocated to NII 1,60,23,286 (60.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 26,70,547 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 26,70,547 | NA | |
| NII (HNI) Shares Offered | 80,11,643 | 30.00% | NA |
| Retail Shares Offered | 1,60,23,286 | 60.00% | 91,561 |
| Total Shares Offered | 2,67,05,476 | 100.00% |
Investors can bid for a minimum of 175 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 175 | ₹13,475 |
| Retail (Max) | 14 | 2,450 | ₹1,88,650 |
| S-HNI (Min) | 15 | 2,625 | ₹2,02,125 |
| S-HNI (Max) | 74 | 12,950 | ₹9,97,150 |
| B-HNI (Min) | 75 | 13,125 | ₹10,10,625 |
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fund Working Capital Requirements (post expansion at Khopoli and Taloja Plants) | 230.00 |
| 2 | Fund expenditure for General Corporate Purposes |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.24% | 70.06% |
| Market Cap | ₹777.70 Cr. |
The Loha Ispaat IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
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/-.
Lead Manager Reports
Loha Ispaat IPO is a main-board IPO of 2,67,05,476 equity shares of the face value of ₹10 aggregating up to ₹206 Crores. The issue is priced at ₹74 to ₹77. The minimum order quantity is 175.
The IPO opens on Tue, Mar 11, 2014, and closes on Tue, Mar 25, 2014.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Loha Ispaat IPO using UPI as a payment gateway. Zerodha customers can apply in Loha Ispaat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Loha Ispaat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Loha Ispaat IPO opens on Tue, Mar 11, 2014 and closes on Tue, Mar 25, 2014.
Loha Ispaat IPO lot size is 175, and the minimum amount required for application is ₹13,475.
You can apply in Loha Ispaat IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Loha Ispaat IPO listing date is not yet announced. The tentative date of listing is .
