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Open
13 Oct 2010
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Close
15 Oct 2010
3
Allotment
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Listing
Wed, Oct 27, 2010
Price Band
₹65 to ₹71
Issue Size
77,00,000 shares (agg. up to ₹55 Cr)
Lot Size
90 Shares
Listing Date
Wed, Oct 27, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.54x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Bedmutha Industries Ltd. | Mainboard | ₹91.84 Cr | ₹102 | null | ₹179.15 | +75.64% | ₹108.24 (+0.33%) |
| Gallantt Ispat Ltd. | Mainboard | ₹40.50 Cr | ₹50 | null | ₹81.05 | +62.10% | (+0.00%) |
| Prakash Steelage Ltd. | Mainboard | ₹68.75 Cr | ₹110 | null | ₹185.35 | +68.50% | ₹4.07 (+1.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the capital expenditure for enhancing the production capctiy of melting section by 100,000 MT per annum | 57.70 |
| 2 | To meet the Long Term Working Capital requirements of the Company | 5.00 |
| 3 | To meet General Corporate Purpose | 0.25 |
| 4 | To meet Issue Expenses | 4.82 |
About Gyscoal Alloys IPO
Incorporated in 1999, Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill.Company's products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. The Company also manufactures squares, and Flat in sizes of the specification as per requirement of its customers.The Company’s products adhere to high quality standards and it has got ISO 9001:2008 certification for the manufacture and supply of stainless steel and mild steel based angles, channels, flats, round, square, bright, twisted bars, billets and ingots adhering to IS 2062 & IS 1786 from BSI Management Systems.+ Read More
Contact Details
Gyscoal Alloys Ltd. Address2nd Floor Mrudul TowerB/H Times of India Ashram RoadAhmedabad, Gujarat, 38000991 79 66614508info@gyscoal.comVisit Website