Price band fixed between Rs 77 to Rs 80 per share
The initial public offer (IPO) of Loha Ispaat will open for subscription on Tuesday, 11 March 2014 and close on 20 March 2014.
The company is offering 2.67 crore equity shares in a price band of Rs 77 to Rs 80 per equity share of face value Rs 10 each.
The issue will constitute 26.44% of the post-issue paid-up equity share capital of the company. The equity shares are proposed to be listed on the BSE and NSE.
The IPO has been graded by CARE as 'CARE IPO Grade 3', indicating average fundamentals.
Loha Ispaat is a steel processing and service company that operates from Khopoli and Taloja in western Maharashtra.
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