Fixed Price IPO | ₹16 Cr | Listed at BSE, NSE | Mon, Jun 20, 2005 - Fri, Jun 24, 2005
MSP Steel & Power IPO is a fixed issue price of ₹16.00 crores. The issue is entirely a fresh issue of 1.60 crore shares of ₹16.00 crore.
MSP Steel & Power IPO bidding started from Jun 20, 2005 and ended on Jun 24, 2005. The shares got listed on NSE and BSE on Jul 18, 2005.
MSP Steel & Power IPO is set final issue price at ₹10 per share.
Microsec Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Jun 20, 2005
IPO Close
Fri, Jun 24, 2005
Issue Price
₹10 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 20 to 24 Jun, 2005 |
| Listed on | Mon, Jul 18, 2005 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,60,00,000 shares (agg. up to ₹16 Cr) |
| Fresh Issue | 1,60,00,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 4,21,00,000 shares |
| Share Holding Post Issue | 5,81,00,000 shares |
| BSE Script Code / NSE Symbol | 532650 / MSPL |
| ISIN | INE752G01015 |
MSP Steel & Power IPO comprises a total issue size of 1,60,00,000 shares. Out of which, 16,00,000 (10.00%) are allocated to QIB, 72,00,000 (45.00%) allocated to NII 72,00,000 (45.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 16,00,000 | 10.00% |
| NII (HNI) Shares Offered | 72,00,000 | 45.00% |
| Retail Shares Offered | 72,00,000 | 45.00% |
| Total Shares Offered | 1,60,00,000 | 100.00% |
MSP Steel & Power Limited is an integrated steel manufacturing company engaged in the production and sale of iron and steel products. The company operates in the metals sector and has grown into a diversified player within the MSP Group.
The company offers a wide range of products including TMT bars, MS billets, sponge iron, pellets, and structural steel such as beams, channels, and angles.
It also manufactures pipes and hollow sections used across industries like infrastructure, construction, agriculture, and engineering. In addition to steel manufacturing, the company is involved in power generation and the sale of by-products, making it a vertically integrated business.
MSP Steel & Power Limited has expanded from a single-product unit to a multi-product integrated steel manufacturer with modern facilities, particularly in Raigarh, Chhattisgarh. With a strong product portfolio, in-house power capabilities, and focus on infrastructure-led demand, the company plays a role in supporting India’s industrial and construction growth.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 122.56 | 24.03 | 3.95 |
| Total Income | 37.78 | 4.84 | 3.97 |
| Profit After Tax | 2.45 | 0.27 | 0.01 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Towards the cost of the completion of Integrated Steel project | 15.00 |
| 2 | Towards issue and listing expenses | 1.00 |
| Total | 16.00 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 5.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.06% | 71.78% |
The MSP Steel & Power IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 20.63 | 1,60,00,000 | 33,01,26,250 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager, Registrar, Bankers to the Issue, Legal Advisor, Auditors, Advertising and marketing expenses, stationery and distribution expenses, bank charges and other incidental and miscellaneous expenses. | 1.00 |
| Total | 1.00 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹10.00 | ₹10.00 |
| Open | ₹17.90 | ₹14.00 |
| Low | ₹14.75 | ₹14.00 |
| High | ₹19.50 | ₹16.90 |
| Last Trade | ₹15.30 | ₹15.00 |
Lead Manager Reports
MSP Steel & Power IPO is a main-board IPO of 1,60,00,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .
The IPO opens on Mon, Jun 20, 2005, and closes on Fri, Jun 24, 2005.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MSP Steel & Power IPO using UPI as a payment gateway. Zerodha customers can apply in MSP Steel & Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MSP Steel & Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MSP Steel & Power IPO opens on Mon, Jun 20, 2005 and closes on Fri, Jun 24, 2005.
MSP Steel & Power IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in MSP Steel & Power 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 MSP Steel & Power IPO will be done on Friday, July 8, 2005, and the allotted shares will be credited to your demat account by . Check the MSP Steel & Power IPO allotment status.
The MSP Steel & Power IPO listing date is on .
