Bookbuilding IPO | ₹59 Cr | Listed at NSE, BSE | Mon, Nov 1, 2004 - Fri, Nov 5, 2004
S.A.L.STEEL IPO is a book build issue of ₹58.80 crores. The issue is entirely a fresh issue of 4.20 crore shares of ₹58.80 crore.
S.A.L.STEEL IPO bidding started from Nov 1, 2004 and ended on Nov 5, 2004. The shares got listed on NSE and BSE on Nov 24, 2004.
S.A.L.STEEL IPO is set final issue price at ₹14 per share.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to S.A.L.STEEL IPO RHP for detailed Information.
IPO Open
Mon, Nov 1, 2004
IPO Close
Fri, Nov 5, 2004
Issue Price
₹14 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 1 to 5 Nov, 2004 |
| Listed on | Wed, Nov 24, 2004 |
| Face Value | ₹10 per share |
| Price Band | ₹12 to ₹14 |
| Issue Price | ₹14 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Total Issue Size | 4,20,00,000 shares (agg. up to ₹59 Cr) |
| Fresh Issue | 4,20,00,000 shares (agg. up to ₹59 Cr) |
| Share Holding Pre Issue | 4,29,66,700 shares |
| Share Holding Post Issue | 8,49,66,700 shares |
| BSE Script Code / NSE Symbol | 532604 / SALSTEEL |
| ISIN | INE658G01014 |
S.A.L.STEEL IPO comprises a total issue size of 4,20,00,000 shares. The net offer to the public is 3,78,00,000 shares, after excluding 42,00,000 shares under a preferential allotment. Of the Net offer 1,89,00,000 (50.00%) are allocated to QIB, 94,50,000 (25.00%) allocated to NII 94,50,000 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,89,00,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 94,50,000 | 25.00% | 22.50% |
| Retail Shares Offered | 94,50,000 | 25.00% | 22.50% |
| Preferential Reservations | |||
| Shareholders Shares Offered | 42,00,000 | 10.00% | |
| Total Shares Offered | 4,20,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Shareholder (SH) | Up to Shareholder Reservation | Allowed only if bidding amount is upto ₹2 lakhs |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Incorporated in 2003, S.A.L. Steel Limited is an Indian steel manufacturing company engaged in the production of sponge iron, ferro alloys, iron ore pellets, power generation, and related steel products. The company operates across steel, infrastructure, and manufacturing sectors in India.
The company primarily manufactures sponge iron used in steelmaking and also operates facilities for ferro alloys and captive power generation to support its integrated manufacturing operations. Its production facilities are located in Gujarat, allowing the company to serve domestic steel and industrial markets efficiently.
S.A.L. Steel Limited focuses on backward integration and cost-efficient production processes by utilizing captive resources and power infrastructure. The company supplies products to steel manufacturers and industrial customers across India.
| Period Ended | 30 Jun 2004 | 31 Mar 2004 |
|---|---|---|
| Assets | 28.84 | 15.87 |
| NET Worth | 21.94 | 0.05 |
| Reserves and Surplus | 3.70 | |
| Total Borrowing | 0.05 | 12.41 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land & Site Development | 4.25 |
| 2 | Buildings | 20.75 |
| 3 | Plant & M/c. | 137.24 |
| 4 | Know how & Engg. Fees | 1.10 |
| 5 | Misc. Assets | 7.66 |
| 6 | Contingency | 8.55 |
| 7 | Preliminary & Preoperative expenses | 13.43 |
| 8 | Working Capital Margin | 10.33 |
| Total | 203.31 |
The S.A.L.Steel IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 18.83 | 4,20,00,000 | 79,10,28,776 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management Fees | 0.72 |
| 2 | Underwriting, Selling and Distribution Commission | 1.18 |
| 3 | Marketing & Advertising Expenses | 1.10 |
| 4 | Stationery & Printing | 1.20 |
| 5 | Registrar’s Expenses | 0.30 |
| 6 | Legal fees, Listing fees, Book Building charges, Auditor’s Fees etc. | 0.30 |
| 7 | Miscellaneous Expenses | 0.25 |
| Total | 5.05 |
| Price Details |
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| Final Issue Price |
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Lead Manager Reports
S.A.L.Steel IPO is a main-board IPO of 4,20,00,000 equity shares of the face value of ₹10 aggregating up to ₹59 Crores. The issue is priced at ₹14 per share. The minimum order quantity is .
The IPO opens on Mon, Nov 1, 2004, and closes on Fri, Nov 5, 2004.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Zerodha customers can apply online in S.A.L.Steel IPO using UPI as a payment gateway. Zerodha customers can apply in S.A.L.Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S.A.L.Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S.A.L.Steel IPO opens on Mon, Nov 1, 2004 and closes on Fri, Nov 5, 2004.
S.A.L.Steel IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in S.A.L.Steel 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 S.A.L.Steel IPO will be done on Thursday, November 18, 2004, and the allotted shares will be credited to your demat account by . Check the S.A.L.Steel IPO allotment status.
The S.A.L.Steel IPO listing date is on .
