Business Standard

Tata Steel Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

3,477.00 cr

Price Range (₹)

610

Lot Size

10

Min Investment (₹)

6,100.00

Listing Exchange

MumbaiNSE

Open Date

19-Jan-2011

Close Date

21-Jan-2011

Listing Date

02-Feb-2011

Tata Steel Ltd News

    The Shares of Tata Steel Ltd have now been listed.

    Tata Steel Ltd IPO Details

    Further public issue of 57,000,000 equity shares of face value Rs. 10 each(equity shares) for cash at a price of Rs. 610 per equity shares of Tata Steel Limited(Tata Steel) aggregating to Rs. 3477.00 crores(The issue). The issue comprises a net issue to the public of 55,500,000 equity shares (The net issue) and a reservation of 1,500,000 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 5.94% of the post-issue paid up equity share capital of the company and the net issue to the public would constitute 5.79% of the post-issue paid-up equity shares capital of the company.Issue Price: Rs. 610 per equity share of face value of Rs. 10 eachThe issue price is 61 times the face value.

    Objective of issue

    Part finance the company's share of capital exp.. Payment of redemption amounts on maturity of RNCD. General corporate purposes.

    Tata Steel Ltd Contact Details

    Tata Steel Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - cosec@tatasteel.com

    Website - www.tatasteel.com