IPO Issue Details
Issue Price / Price Band₹71 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size90 Shares per Lot
Total Issue Size77,00,000 shares (aggregating up to ₹54.67 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 13 Oct 2010
Subscription CloseFri, 15 Oct 2010
Anchor AllotmentTue, 12 Oct 2010
Basis of AllotmentThu, 21 Oct 2010
Initiation of RefundsFri, 22 Oct 2010
Credit of Shares to DematFri, 22 Oct 2010
Listing DateWed, 27 Oct 2010
UPI Mandate Deadline2010-10-15
Application & Investment Details
Retail — Min (1 Lots)₹6,390 — 90 shares
Retail — Max (13 Lots)₹83,070 (13 Lots)
HNI — Min (32 Lots)₹2,04,480 — 2,880 shares
Pre-IPO Promoter Holding81,27,556 shares
Post-IPO Promoter Holding1,58,27,556 shares
About Gyscoal Alloys Ltd.
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.
Objects of the Issue
Gyscoal Alloys Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To finance the capital expenditure for enhancing the production capctiy of melting section by 100,000 MT per annum
57.70
2
2 To meet the Long Term Working Capital requirements of the Company
5.00
3
3 To meet General Corporate Purpose
0.25
4
4 To meet Issue Expenses
4.82
Shareholding & Lock-in
Pre-IPO Promoter Holding
81,27,556 shares
Post-IPO Promoter Holding
1,58,27,556 shares