
✓
Open
21 Sep 2010
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Close
24 Sep 2010
3
Allotment
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Listing
Fri, Oct 8, 2010
Price Band
₹10 to ₹11
Issue Size
25,93,43,616 shares (agg. up to ₹285 Cr)
Lot Size
600 Shares
Listing Date
Fri, Oct 8, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.03x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the construction of Integrated Steel and D.I. pipe plant having a capacity of 2.2 MTPA in Jharkhand, India | 249.24 |
| 2 | Margin money towards Bank Guarantees | 22.00 |
| 3 | General Corporate Purposes | 145.49 |
About Electrosteel Steels IPO
Incorporated in 2006, Electrosteel Integrated Ltd, promoted by Electrosteel Castings Ltd (ECL) is to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant.ECL is in the business of manufacturing Cast Iron pipes for over four decades and Ductile Iron Spun Pipes. EIL are setting up the proposed plant near Siyaljori village in Bokaro District of Jharkhand. The proposed plant will be based on Blast Furnace (BF) - Basic Oxygen Furnace (BOF) - Billet Caster and Hot Rolling Route and will produce 1.2 MTPA of long steel products, comprising 0.5 MTPA of 5.5-12.0 mm diameter wire rods in coil form and 0.7 MTPA of reinforcement bars in straight lengths and bundled in the range of 8-32 mm and plain rounds upto 60mm diameter. The plant will have a 0.33 MTPA DI pipe production facility in the same complex and will be provided with hot metal from the Blast Furnaces. The plant will also have production facilities for 0.27 MTPA of Commercial Billets and 0.40 MTPA of Pig Iron.Company has acquired approxima
Contact Details
Electrosteel Steels Ltd. Address801, Uma Shanti ApartmentsKanke RoadRanchi, Jharkhand, 834008+91 651 2231636eil.investors@electrosteel.comVisit Website