Gyscoal Alloys IPO : Listing on 27th Oct 2010

by khalid on 26/10/2010 · 0 comments

Gyscoal Alloys Limited has informed the share market (BSE) that the shares of its recent IPO will list on 27th Oct 2010. The IPO was open between 13th Oct 2010 to 15th Oct 2010. The price band was Rs 65 to Rs 71 and the Issue Price was fixed at the upper level of price band, Rs 71 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs 54.67 crores. Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and manufacturer of stainless steel products.

IPO Listing Detail :-
Listing Date: 27th Oct 2010
BSE Scrip Code : 533275
NSE Symbol : GAL
Listing In : ‘B’ Group of Securities
ISIN : INE482J01013
Issue Price : Rs. 71.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used for finance capital expenditure, for enhancing production, to meet the long term working capital requirements and to meet general corporate purpose.

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 Chartered Capital and Investment Limited.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

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