IPO

Electrosteel Steels Ltd IPO

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Public issue of 225,516,188 equity shares of Rs. 10 each of Electrosteel Steels Limited (The Company or The Issuer) for cash at a price of Rs. 11 per equity share (including a share premium of Re. 1 per equity share) aggregating to Rs. 248.07 crores (The Issue). There will also be a Green Shoe Option of up to 33,827,428 equity shares for cash at a price of Rs. 11 per equity share not exceeding Rs. 37.21 crores (The Green Shoe Option). The issue and the Green Shoe Option, if exercised in full, will aggregate to 259,343,616 equity shares amounting to Rs. 285.28 crores. The issue will constitute 11.08% of the fully diluted post issue paid-up capital of the company assuming that the Green Shoe Option is not exercised and 12.54% of the fully diluted post issue paid-up capital of the company assuming that the Green Shoe Option is exercised in full. Issue price : Rs. 11 per equity share of face value Rs. 10 each The issue price is 1.1 times the face value

Electrosteel Steels Ltd IPO Subscription Details

Company

Electrosteel Steels Ltd

Issue Type

(Book Built Portion)

Open Date

21 Sep

Close Date

24 Sep

Offer Price

11.00

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  • Approve the block request

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Contact Details of Electrosteel Steels Ltd IPO

Company Contact Information

Electrosteel Steels Ltd IPO
801 Uma Shanthi Apartments,
Kanke Road,
Ranchi, Jharkhand 834008.

Phone: 91-0651-2285636
Email: eil.investors@electosteel.com

Electrosteel Steels Ltd IPO Register

Karvy Computershare Pvt Ltd

Electrosteel Steels Ltd IPO Lead Manager(s)

  • Edelweiss Capital Ltd
  • Enam Securities Pvt Ltd
  • SBI Capital Markets Ltd

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