Incorporated in 1982, Nelcast Limited is in the business of Iron Castings. A TS 16949 accredited organization, Nelcast is one of the largest manufacturers of Spheroidal Graphite (SG) Iron Castings in India.
Nelcast Limited is entering the capital markets with an initial public offering, IPO of 43,50,000 Equity Shares of Rs. 10/- Each, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 195/- at lower level and Rs 219/- at upper level for equity share of Rs 1. The issue opens on June 04, 2007, and closes for subscription on June 08, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
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