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Track all the latest updates and news of Loha Ispaat IPO.
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Published by : Business Insider IndiaLoha 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 Ltd is entering in the capital markets with an initial public offering, IPO of 26,705,476 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 77/- at lower level and Rs 80/- at upper level.
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. 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.
The issue opens on Mar 11, 2014 and closes for subscription on Mar 20, 2014. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Loha Ispaat IPO is proposed to open on March 11, 2014. The IPO application ends on March 25, 2014.
Retail investors can apply in the retail or non-institutional investor category from March 11, 2014 to March 25, 2014. The Loha Ispaat IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Loha Ispaat IPO will open for subscription on March 11, 2014. The public issue will close on March 25, 2014.
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