Gallantt Ispat Ltd IPO : Listing on 11h Oct 2010

by khalid on 09/10/2010 · 0 comments

Gallantt Ispat Ltd is engaged in manufacturing sponge iron, M S billets, re-rolled products (TMT bars) and wheat flour products. The company had entered the capital market with an initial public offering (IPO) of 8,100,000 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 11th Oct 2010. The IPO was open from 22nd Sep 2010 to 24th Sep 2010. The IPO is a fixed price issue and issue price has been fixed at Rs 50 per equity share.

IPO Listing Detail :-
Listing Date: 11th Oct 2010
BSE Scrip Code : 533265
Listing In : ‘B’ Group of Securities
ISIN : INE528K01011
Issue Price Fixed : Rs. 50.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of this IPO will be used to part finance the integrated steel plant, to part finance the Flour Mill with a capacity of 1,80,000 MTPA and listing of securities on Stock Exchanges.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The sole book running lead manager to the issue is Anand Rathi Securities Limited.

Registrar of the Issue is Niche Technologies Pvt. Limited Kolkatta.

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