Zenith Steel Pipes & Industries Ltd IPO

Closed

Subscription Details

  • Open Date 16 Oct
  • Close Date 20 Oct
  • Lot Size 100
  • IPO Size ₹ 131 Cr
  • IPO Price Range ₹ 55
  • Min Investment ₹ 5500

Zenith Steel Pipes & Industries Ltd IPO Timeline

Open Date
16 Oct
Close Date
20 Oct
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 2,38,18,182 equity shares of face value Rs.10/- each of Zenith Birla (India) limited (hereinafter Referred to as the company or issuer) at a premium of Rs.45/- per share (i.e.at a price of Rs.55/- per Share) for cash aggregating to Rs. 131.00 Crores (hereinafter referred to as the issue) comprising of promoters contribution of 45,45,455 equity shares of face value of Rs.10/- each at a price of Rs.55/- for Cash aggregating to Rs.25.00 Crores (hereinafter referred to as the promoters contribution) Including 19,27,272 equity shares are reserved for employees and directors 19,27,272 equity shares are reserved for existing shareholders; 19,27,272 equity shares are reserved for shareholders of group companies; 19,27,273 equity shares are reserved for NRIs and FIIs and 19,27,273 equity shares are reserved for Banks/mutual funds/indian financial institutions. The net offer to the public is of 96,36,365 equity shares of Rs.10/- each at a price of Rs.55/- for cash aggregating to Rs.53.00 Crores hereinafter referred to as the net issue). The issue would constitute 59% of post issue paid up capital of our company. The issue price of Rs.55 is 5.5 times of the face value

How to apply for an 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 Zenith Steel Pipes & Industries Ltd IPO

Contact Information

Address

5th Floor Industry House,
159 Churchgate Reclamation,
Mumbai, Maharashtra 400020

Zenith Steel Pipes & Industries Ltd IPO Lead Manager

IDBI Capital Market Services LtdKeynote Corporate Services Ltd
Open Demat Account