Tata Steel FPO : Allotment Staus

by khalid on 30/01/2011 · 0 comments

Tata Steel Limited FPO was open on 19th Jan 2011 and get closed on 21th Jan 2011. The price band for the issue was Rs 594 at lower level and Rs 610 at upper level. The shares are issued at Rs 610, the upper level of the price band. Tata Steel Limited (TISCO) is India’s largest steel companies with a steel production capacity of approximately 27.2 mtpa. The Company has a presence across the entire value chain of steel manufacturing, including producing and distributing finished products as well as mining and processing iron ore and coal for its steel production.

Details of different category subscription is as follows……

Total Issue Size : Rs. 3,477.00 Crores
No. of times issue is subscribed : 6.03 Times
Qualified Institutional Buyers (QIBs) : 10.41 times
Non Institutional Investors : 7.21 times
Retail Individual Investors : 1.60 times
Employee Reservations : 0.06 times
Overall : 6.03 times

Now the allotment status of Tata Steel FPO is available online and can be seen in following link :-
My allotment status

Credit of refund into respective account through ECS can be expected by 7th Feb 2011.

Stay tuned to BelltheBull Blog for more on Tata Steel FPO !

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