Tata Steel Ltd IPO

IPO Synopsis

Further public issue of 57,000,000 equity shares of face value Rs. 10 each(equity shares) for cash at a price of Rs. 610 per equity shares of Tata Steel Limited(Tata Steel) aggregating to Rs. 3477.00 crores(The issue). The issue comprises a net issue to the public of 55,500,000 equity shares (The net issue) and a reservation of 1,500,000 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 5.94% of the post-issue paid up equity share capital of the company and the net issue to the public would constitute 5.79% of the post-issue paid-up equity shares capital of the company. Issue Price: Rs. 610 per equity share of face value of Rs. 10 each The issue price is 61 times the face value.

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