Business Standard

Prakash Steelage Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

68.75 cr

Price Range (₹)

110

Lot Size

60

Min Investment (₹)

6,600.00

Listing Exchange

MumbaiNSE

Open Date

05-Aug-2010

Close Date

10-Aug-2010

Listing Date

25-Aug-2010

Prakash Steelage Ltd News

    The Shares of Prakash Steelage Ltd have now been listed.

    Prakash Steelage Ltd IPO Details

    Public issue of 62,50,000 equity shares of Rs. 10/- each (Equity Shares) of Prakash Steelage Limited (The Company or The Issuer) for cash at a price of Rs. 110 per equity share (including share premium of Rs. 100 per equity share), aggregating to Rs. 68.75 crores (The Issue). Upto 1,00,000 equity shares will be reserved in the issue for subscription by eligible employees (the employee reservation portion). The issue would constitute 35.71% of the post issue paid-up capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is 11 times the face value.

    Objective of issue

    Expansion of existing manufacturing facility. Meet the additional working capital requirement. General corporate purpose.

    Prakash Steelage Ltd Contact Details

    Prakash Steelage Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - cs@prakashsteelage.com, marketing@prakashsteelage.

    Website - www.prakashsteelage.com