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Open
28 Mar to 4 Apr, 2006
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Close
28 Mar to 4 Apr, 2006
3
Allotment
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Listing
Tue, Apr 25, 2006
Price Band
₹70 to ₹81
Issue Size
86,95,000 shares (agg. up to ₹70 Cr)
Listing Date
Tue, Apr 25, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.03x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 |
|---|---|---|
| Assets | 241.88 | 177.11 |
| Total Income | 143.37 | 264.09 |
| Profit After Tax | 22.53 | 25.35 |
| Reserves and Surplus | 71.12 | 48.94 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Gallantt Metal Ltd. | Mainboard | ₹37.12 Cr | ₹10 | 110.05 | ₹14.35 | +43.50% | ₹651.70 (-4.96%) |
| Ramsarup Industries Ltd. | Mainboard | ₹30.00 Cr | ₹60 | null | ₹83.45 | +39.08% | (+0.00%) |
| Shri Ramrupai Balaji Steels Ltd. | Mainboard | ₹44.00 Cr | ₹22 | null | ₹23.75 | +7.95% | (+0.00%) |
| MSP Steel & Power Ltd. | Mainboard | ₹16.00 Cr | ₹10 | null | ₹15.00 | +50.00% | ₹36.51 (-1.96%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Phase II Expansion (Project) | 173.32 |
| 2 | General Corporate Purpose | 3.26 |
| 3 | Issue Expenses | 7.35 |
| Total | 183.93 |
About Godawari Power & Ispat IPO
Godawari Power & Ispat Ltd. (GPIL), a flagship company of the Raipur-based Hira Group, is a fully integrated steel manufacturer in India. Incorporated in 1999, the company specialises in producing sponge iron, iron ore pellets, steel billets, wire rods, and ferro alloys, utilising captive iron ore mines and 70-100 MW of power generation for high efficiency. GPIL covers the entire steel value chain, from mining to finished, value-added steel products, providing significant cost advantages. The company produces pellets (2 MTPA), sponge iron (0.5 MTPA), steel billets, HB wires, and ferroalloys. The manufacturing facilities are located in Siltara, Raipur, Chhattisgarh. GPIL utilises renewable energy—including solar and waste gas—for over 60% of its captive power needs. It is recognised for its cost leadership in the steel industry and serves sectors like construction and engineering.+ Read More
Contact Details
Godawari Power & Ispat Ltd. AddressPlot No.428/2Phase 1, Industrial AreaSiltaraRaipur, Chhattisgarh, 493111+91-7721- 264342ycrao@gpilindia.comVisit Website