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Loha Ispaat Ltd IPO (Loha Ispaat IPO) Detail

March 11, 2014 - March 25, 2014

Loha Ispaat IPO is a book built issue of Rs 205.00 crores.

Loha Ispaat IPO bidding started from March 11, 2014 and ended on March 25, 2014.

Loha Ispaat IPO price band is set at ₹74 to ₹77 per share. The minimum lot size for an application is 175 Shares. The minimum amount of investment required by retail investors is ₹13,475.

Aryaman Financial Services Limited is the book running lead manager of the Loha Ispaat IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Loha Ispaat IPO DRHP for detailed information.

Loha Ispaat IPO Details

IPO Date March 11, 2014 to March 25, 2014
Listing Date [.]
Face Value ₹10 per share
Price Band ₹74 to ₹77 per share
Lot Size 175 Shares
Total Issue Size26,705,476 shares
(aggregating up to ₹205.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Loha Ispaat IPO Reservation

Loha Ispaat IPO offers 26,705,476 shares. 2,670,547 (10.00%) to QIB, 8,011,643 (30.00%) to NII, 16,023,286 (60.00%) to RII. 91,561 RIIs will receive minimum 175 shares and (sNII) and (bNII) will receive minimum 2,625 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,670,547 (10.00%)NA
NII (HNI) Shares Offered8,011,643 (30.00%)
Retail Shares Offered16,023,286 (60.00%)91,561
Total Shares Offered26,705,476 (100%)

Loha Ispaat IPO Lot Size

Investors can bid for a minimum of 175 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 175 ₹13,475
Retail (Max) 14 2450 ₹188,650
Lot Size Calculator

About Loha Ispaat Ltd

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.

Objects of the Issue (Loha Ispaat IPO Objectives)

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 IPO Review (Avoid)

[Dilip Davda]  Avoid. Loha Ispaat Ltd IPO doesn't have Safety Net thus makes it a risky bet. Read detail review...

Loha Ispaat IPO Subscription Status (Bidding Detail)

The Loha Ispaat IPO is subscribed 0.78 times on March 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)

CategorySubscription (times)


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/-.

Loha Ispaat IPO Prospectus

Loha Ispaat IPO Rating

Rating:Rated 3.2 stars
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Loha Ispaat Ltd Contact Details

Loha Ispaat Ltd
9th Floor, Naman Centre,
C-31, Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Phone: +91 22 67577000

Loha Ispaat IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Loha Ispaat IPO - Buy or Not

Loha Ispaat IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Loha Ispaat IPO FAQs

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 March 11, 2014, and closes on March 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 March 11, 2014 and closes on March 25, 2014.

Loha Ispaat IPO lot size is 175 Shares, and the minimum amount required is ₹13,475.

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.

The Loha Ispaat IPO listing date is not yet announced. The tentative date of Loha Ispaat IPO listing is [.].
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Loha Ispaat IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



21. Kamlesh Shah |   Link |  Bookmark |March 27, 2014 12:34:33 PM
How much Loha Ispat Ltd Subscribed ? It is likely 0.78%, No 1.0 time,
IPO is likely to be cancelled ? What is SEBI Guidelines ?
21.1. santonu |   Link |  Bookmark |March 27, 2014 3:48:58 PM (200+ Posts)
The issue has been withdrawn due to limited participation of retail investor. The FII/HNI quota were well subscribed. Managenment did a great mistake by not offering any discount to retail investors, a 5% discount to retail investors could have easily sailed the IPO through . After all a lesson is given
20. DURAISWAMY |   Link |  Bookmark |March 22, 2014 10:34:40 AM
Why the retail investors keep away from ipo?
19. Nilesh Shah |   Link |  Bookmark |March 19, 2014 11:25:11 PM
NSE and BSE website shows today "Loha Ispat" issue end date 25 March 2014.
18. Nilesh Shah |   Link |  Bookmark |March 19, 2014 10:46:51 PM
Total subscribed by 0.20 %. FII = 1.24 %, Non- institutional, corporate = 0.14 %, Retail individual = 0.06 %, as on 19th March 2014 at 1700 hours. 20th March is the last date.
17. jigaReligare |   Link |  Bookmark |March 19, 2014 5:56:16 PM

16. DURAISWAMY |   Link |  Bookmark |March 19, 2014 3:12:14 PM
What is the latest sub status.
15. DURAI GOUNDER |   Link |  Bookmark |March 19, 2014 3:06:27 AM
14. DURAI GOUNDER |   Link |  Bookmark |March 16, 2014 2:32:42 PM
13. DURAI GOUNDER |   Link |  Bookmark |March 15, 2014 10:02:22 PM


Shri Krishna Prasadam Limited is a multidisciplinary Business Venture. The multi dimensional business structure support company to continue to grow in all economic scenario. The businesses are chosen strategically to remain in high need all the times. The idea is to relate our business with the common needs of Common public. Salient Features of our businesses are as flows:-

Real Estate: - Real Estate is ever growing business and is directly relates to the common need of a person. We act as a Channel partner between the Builder and the Hoseeker. We underwrite admirable projects of good developers and market it into mass public. Thus developing a large clientele along with the increasing business turnover. Our business model need continuous public networking.

Trading of Agricultural Products: - We also deal into the trading of items of daily need and thus penetrate into the daily life of common man. The product range includes rice, wheat, barley, paddy etc. The model is that we purchase the stock from unbranded Big whole sellers and sell it to the small whole sellers who in turn supply it to retailers. The business in fact have small margins but it hold us remain in touch of numerous clients. The supply chain business is an ever growing business and we predict ourselves to be a big whole seller in future.

Security Trading:- The securities market allows people to do more with their savings than they would otherwise. It also allows people to do more with their ideas and talents than would otherwise be possible. The people''s savings are matched with the best ideas and talents in the economy. Stated formally, the securities market provides a linkage between the savings and the preferred investment across the entities, time and space. It mobilizes savings and channelises them through securities into preferred enterprises. We are in planning stage to deal in the trading of the securities and also provide advice on the Share trading.


We are sub underwriter of Sanskriti Apartments situated at Indirapuram N.H. 24
12. DURAI GOUNDER |   Link |  Bookmark |March 15, 2014 9:36:21 PM
What is the of SAFETY NET?
11. DURAI GOUNDER |   Link |  Bookmark |March 14, 2014 7:37:17 PM
10. DURAI GOUNDER |   Link |  Bookmark |March 14, 2014 7:27:27 PM
nse site shows 0.32 times for qib
9. IPO MK RAJKOT |   Link |  Bookmark |March 14, 2014 7:23:17 PM
Total Issue. Size 2,67,05,476

Total Bids
Received 8,58,550

Total Bids
Received at
Cut-off Price 1,400

No. of times
issue is
subscribed 0.03
8. DURAI GOUNDER |   Link |  Bookmark |March 14, 2014 7:10:33 PM
sub status plese
7. Nilesh Shah |   Link |  Bookmark |March 12, 2014 10:41:42 PM
How is the IPO of Loha Ispat ? PROS:- Care rating is 3 out of 5. Kostak is 500/minimum application. 91000 shares (35 %) for public. Established company in Maharashtra state. CONS:- Mr. Davda says "Avoid", Price is 77-80, seems high. Long IPO date- 11th to 20th March. I am confusing what to do ? Can anybody please guide ?
6. IPO MK RAJKOT |   Link |  Bookmark |March 12, 2014 1:11:47 PM
“Safety Net” voluntary for IPOs,
issue is not having it .
5. Kamlesh Shah |   Link |  Bookmark |March 11, 2014 3:47:53 PM
4. Kamlesh Shah |   Link |  Bookmark |March 11, 2014 3:39:25 PM
Earned in EIL shares sold at average rate @ Rs.167- Thanks for advise to hold in EIL.
Request to advise/opnion for subscribe in IPO - LODHA ISPAT LTD.
3. DURAI GOUNDER |   Link |  Bookmark |March 10, 2014 9:48:10 PM
though closed above issue price unable to sell
2. DURAISWAMY |   Link |  Bookmark |March 8, 2014 9:00:32 AM
Agrimony just touched issue price . No profit.