Tata Steel FPO : Listing on 2nd Feb 2011

by khalid on 01/02/2011 · 0 comments

India’s number 1 steel maker Tata Steel Limited has informed the share market (BSE/NSE) that the shares of its recent FPO will list on 2nd Feb 2011. The FPO was open between 19th Jan 2011 to 21st Jan 2011. The price band was Rs 594 to Rs 610 and the Issue Price was fixed at the upper level of price band, Rs 610 per equity share. The company had entered into primary market with an Follow-On Public Offer (FPO) of Rs. 3,477.00 Crore. 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.

IPO Listing Detail :-
Listing Date: 2nd Feb 2011
BSE Scrip Code : 500470
NSE Symbol : TATASTEEL
Listing In : ‘B’ Group of Securities
ISIN : INE081A01012
Issue Price : Rs. 610.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the public issue are proposed to be utilized to part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur, payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis and general corporate purposes.

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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