Prakash Steelage IPO Latest News Today

IPO Listing Detail

Listing Date: Wednesday, August 25, 2010
BSE Scrip Code: 533239
NSE Symbol: PRAKASHSTL
Listing In: 'B' Group of Securities
ISIN: INE696K01016
Issue Price: Rs. 110.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

IPO Listing Detail

Listing Date: Wednesday, August 25, 2010
BSE Scrip Code: 533239
NSE Symbol: PRAKASHSTL
Listing In: 'B' Group of Securities
ISIN: INE696K01016
Issue Price: Rs. 110.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Prakash Steelage Ltd IPO allotment status is now available online.

Prakash Steelage IPO was open on Aug 05, 2010 and closed on Aug 10, 2010. IPO was oversubscribed by 4.53 times (6.62 times in retail).

Prakash Steelage Ltd IPO allotment status is now available online.

Prakash Steelage IPO was open on Aug 05, 2010 and closed on Aug 10, 2010. IPO was oversubscribed by 4.53 times (6.62 times in retail).

Prakash Steelage Limited is entering in the capital markets with an initial public offering, IPO of 62,50,000 equity shares of Rs. 10 each for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 100/- at lower level and Rs 110/- at upper level for equity share of Rs 10/-.

Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of-the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.

The issue opens on Aug 05, 2010, and closes for subscription on Aug 10, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Prakash Steelage Ltd IPO subscribed 0.98 times on its day 1. Prakash Steelage IPO opens today on Aug 05, 2010 and will close on Aug 10, 2010 for subscription. Prakash Steelage has received bids for 61,32,000 shares as against issue size of 62,50,000 shares.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 0.10 Times

Non Institutional Investors: 3.92 Times

Retail Individual Investors (RIIs): 1.02 Times

Employee: 0.14 Times

Total: 0.98 Times

Prakash Steelage Limited is entering in the capital markets with an initial public offering, IPO of 62,50,000 equity shares of Rs. 10 each for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 100/- at lower level and Rs 110/- at upper level for equity share of Rs 10/-.

Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of-the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.

The issue opens on Aug 05, 2010, and closes for subscription on Aug 10, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Prakash Steelage Limited is entering in the capital markets with an initial public offering, IPO of 62,50,000 equity shares of Rs. 10 each for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 100/- at lower level and Rs 110/- at upper level for equity share of Rs 10/-.

Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of-the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.

The issue opens on Aug 05, 2010, and closes for subscription on Aug 10, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).