Tata Steel FPO : Price Band Fixed

by khalid on 15/01/2011 · 0 comments

Tata Steel Limited (TISCO) which is slated to come out with its FPO starting on 19th January 2010. The company has come out with the price band of the IPO today and fixed it at Rs 594-610. The company will raise Rs. 3,477.00 Crore from the primary market.

Issue Detail:-
Issue Open : 19th Jan 2010 – 21st Jan 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : 57,000,000 Equity Shares of Rs 10 each
Issue Size : Rs 3,385.80 – 3,477.00 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 594 – Rs. 610 Per Equity Share
Minimum Bid Quantity : Shares (Rs. with 1 Lot) @ upper level of price band
Maximum Bid Quantity : Shares (Rs. with 30 Lots ) @ upper level of price band
Listing At : BSE, 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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