S.A.L Steel Ltd IPO


IPO Subscription Details

  • Open Date 01 Nov
  • Close Date 05 Nov
  • Lot Size 500
  • IPO Size ₹ 58.8 Cr
  • IPO Price Range ₹ 14
  • Min Investment ₹ 7000

IPO Synopsis

Public Issue of 42000000 equity shares of face value of Rs 10 each at a price of Rs 14 for cash aggregating Rs 58.80 crore (hereinafter referred to as the issue) by S.A.L. Steel Ltd. (the company or the issuer). Out of the above 4200000 equity shares of Rs 10 each are being reserved for the shareholders of Shah Alloys Ltd., the promoter. The Net Offer to the public i.e. 37800000 shares would constitute 44.48% of the post issue paid-up-capital of th company. The face value of the equity shares is Rs 10 and the issue price is 1.4 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of S.A.L Steel Ltd IPO

Contact Information

5/1 Shreeji House 5th Floor,
Behind M J Library Ashram Road,
Ahmedabad, Gujarat 380006

S.A.L Steel Ltd IPO Lead Manager

IL&FS Investsmart LtdSBI Capital Markets Ltd

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