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Open
5 Aug 2010
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Close
10 Aug 2010
3
Allotment
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Listing
Wed, Aug 25, 2010
Price Band
₹100 to ₹110
Issue Size
62,50,039 shares (agg. up to ₹69 Cr)
Lot Size
60 Shares
Listing Date
Wed, Aug 25, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.18x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of existing manufacturing facility at Umbergaon, Gujarat. | 48.55 |
| 2 | Meet the additional working capital requirement. | 61.87 |
| 3 | General Corporate Purposes | 3.40 |
| 4 | Meet the issue expenses | 4.55 |
| Total | 118.37 |
About Prakash Steelage IPO
Incorporated in 1991, Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of- the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.PSL is also a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. To meet the increasing demand, they propose a backward integration cum expansion of manufacturing facilities at their existing unit in Umbergaon, Gujrat.+ Read More
Contact Details
Prakash Steelage Ltd. AddressPrakash Steelage Ltd701, Mahalaxmi ChambersDr.Bhulabhai Desai RoadMumbai, Maharashtra, 400026+91-022-2352 6513 / 6514cs@prakashsteelage.comVisit Website