Elec Steel Processing Industries Ltd - IPO

Elec Steel Processing Industries Ltd IPO Details

Public offer of up to 69,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Elec Steel Processing Industries Limited, the Issuer for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share), the Offer Price aggregating to Rs. [*] crores (the Offer) comprising of a fresh issue of 60,00,000 equity shares aggregating to Rs. [*] crores (the Fresh Issue) and an offer for sale of 9,00,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs. [*] crores of which [*] equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of [*] equity shares aggregating to Rs. [*] crores (the Net Offer). The offer and the net offer will constitute [*] % and [*] % respectively of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding working capital requirements of the company. Funding capital expenditure requirements towards purchase of slitting and cut-to-length machines at Unit IV. Repayment and/or pre-payment, in part or full, of certain borrowings availed by the company. General corporate purposes.

Elec Steel Processing Industries Ltd Contact Details

Elec Steel Processing Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investors@espi.co.in

Website - www.espi.co.in