Earthstahl & Alloys Ltd - IPO

Earthstahl & Alloys Ltd IPO Details

Initial public offer of upto 32,40,000* equity shares of face value of Rs. 10/- each (the Equity Shares) of Earthstahl & Alloys Limited (The Company or ESAL or The Issuer) at an issue price of Rs. 40 per equity share for cash, aggregating up to Rs. 12.96 crores (Public Issue) out of which 1,68,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 40 per equity share for cash, aggregating Rs. 0.67 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 30,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 40 per equity share for cash, aggregating upto Rs. 12.29 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.47% and 25.09% respectively of the post- issue paid-up equity share capital of the company. * Subject to finalization of basis of allotment. The face value of the equity shares is Rs. 10/- each. The issue price is 4 times with the face value of the equity shares.Bids can be made for a minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

Funding capital expenditure towards chage in electricity supply voltage form 33 KV to 132 KV at manufacturing facility. To meet working capital requirements. General corporate purposes.

Earthstahl & Alloys Ltd Contact Details

Earthstahl & Alloys Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - secretarial@earthstahl.com

Website - www.earthstahl.com