Prakash Steelage Ltd IPO : Opening on 5th Aug 2010

by khalid on 30/07/2010 · 0 comments

Prakash Steelage Ltd is a Mumbai based manufacturers of stainless steel pipes and tubes. The company is entering into primary market with an Initial Public Offer (IPO) of 6,250,000 Equity Shares of Rs 10 each. The IPO is opening on 5th Aug 2010 and the shares will be available for subscription up to 9th Aug 2010. The premium of the issue will be decided through a 100% Book Building Process.

Promoters of the company are Mr. Prakash C. Kanugo and Mr. Ashok M. Seth.

The IPO proceeds would be used for 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 offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 5th Aug 2010 – 9th Aug 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 6,250,000 Equity Shares of Rs 10 each
Issue Size : Rs. 62.50 – 68.75 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 100 – Rs. 110 Per Equity Share
Market Lot : Shares
Minimum Order Quantity : Shares
Listing At : BSE, NSE

The sole book running lead manager to the issue will be Keynote Corporate Services Ltd

Registrar of the Issue : Bigshare Services Pvt. Ltd, Mumbai.

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