Tata Steel FPO : Settled at 2.37% premium on debut

by khalid on 03/02/2011 · 0 comments

Tata Steel Limited shares got debuted at Rs 631.10, a just 3.27% premium over its follow-on public offering (FPO) price of Rs 610.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 626.25 which is a premium of 2.37% over the issue price of Rs 610.00. The stock hit a high of Rs. 634.95, a premium of 9.32% over an issue price of Rs 610 and low of Rs. 615.80 on the listing day 2nd Feb 2011. A total of 15,400,454 shares changed hands on the NSE. 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.

Listing day Summary :-
Listing Date: 2nd February 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

On the NSE:-
Issue Price: Rs. 610.00
Open : 631.10
High : 634.95
Low : 615.80
Close : 626.25
Last Trade : 626.25

Tata Steel Limited has raised Rs 60.00 crore through an initial public offering of 8,571,429 equity shares.

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

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