Tata Steel FPO : Finalized issue price at upper level Rs 610 per share

by khalid on 22/01/2011 · 0 comments

Tata Steel Limited (TISCO) finalized the issue price at upper level of the price band at Rs 610 per share. Tata Steel FPO was opened on 19th Jan 2011 and got closed on 21st Jan 2011 for subscription. The FPO of Tata Steel Limited (TISCO) has received a some what good response from the investors with the final day over-subscription figure reached to 6.03 times on an overall basis. It seems that employees are not happy with this FPO as there are just 0.06 times bidding from them and that too on the final day of subscription. 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.

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

The Book Running Lead Managers (BRLM) to the offer are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Pvt Ltd, Deutsche Equities (India) Pvt Ltd, HSBC Securities and Capital Markets (India) Pvt Ltd, RBS Equities (India) Limited. SBI Capital Markets Limited and Standard Chartered Securities (India) Limited.

Registrar of the Issue : Link Intime India Pvt Ltd.

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

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