Prakash Steelage Ltd IPO : Listing on 25th Aug 2010

by khalid on 24/08/2010 · 0 comments

Prakash Steelage Ltd is a Mumbai based manufacturers of stainless steel pipes and tubes. The company has entered the capital market with an initial public offering (IPO) of 6,250,000 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 25th Aug 2010. The IPO was open from 5th Aug 2010 to 10th Aug 2010. The price band was Rs 100 to Rs 110 and the Issue Price was fixed at the upper level of price band, Rs 110 per equity share.

IPO Listing Detail :-
Listing Date: 25th Aug 2010
BSE Scrip Code : 533239
NSE Symbol : PRAKASHSTL
Listing In : ‘B’ Group of Securities
ISIN : INE696K01016
Issue Price : Rs. 110.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the IPO will be used to Expansion of existing manufacturing facility at Umbergaon, Gujarat, Meet the additional working capital requirement, General corporate purpose, Meet the issue expenses and List the equity shares of the company on the stock exchanges.

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

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