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Open
23 Feb 2006
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Close
27 Feb 2006
3
Allotment
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Listing
Fri, Mar 17, 2006
Price Band
₹52 to ₹57
Issue Size
3,50,00,000 shares (agg. up to ₹200 Cr)
Listing Date
Fri, Mar 17, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.44x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|---|---|
| Assets | 484.98 | 260.96 | 46.65 | 32.18 | 9.82 | 6.98 |
| Total Income | 347.20 | 263.36 | 91.17 | 28.04 | 5.08 | 6.49 |
| Profit After Tax | 10.29 | 6.56 | 1.57 | 0.57 | 0.05 | 0.26 |
| NET Worth | 94.39 | 84.09 | 23.99 | 7.18 | 3.29 | 3.24 |
| Reserves and Surplus | 19.41 | 9.12 | 2.35 | 2.23 | 0.40 | 0.37 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brownfield expansion of existing manufacturing activities into an integrated 0.5 million TPA special and stainless steel plant | 56.88 |
| 2 | Issue expenses | 10.00 |
| Total | 66.88 |
About Visa Steel IPO
Incorporated in 1996, VISA Steel Limited specialises in manufacturing high-carbon ferrochrome with integrated facilities in Kalinganagar, Odisha. Part of the VISA Group, it operates a 150,000 TPA ferro chrome plant and a 325 MW captive power plant, focusing on stainless steel/special steel raw materials. The company's core operations are in Kalinganagar, Odisha, comprising a 150,000 TPA ferro chrome plant, submerged arc furnaces, and a 325 MW captive power plant, along with chrome ore beneficiation facilities at Golagaon. The primary products include High Carbon Ferro Chrome, used extensively in the stainless steel and special steel manufacturing industries VISA Steel has set up a 150,000 TPA ferrochrome plant at Kalinganagar in Odisha. The facilities include 5 submerged Arc Furnaces with 3x25 MW Power Generating Units.+ Read More
Contact Details
Visa Steel Ltd. Address11, Ekamra KanaNayapalliBhubaneshwar, Odisha, 751015+91 674 2552479investors@visasteel.comVisit Website