Thursday, September 16, 2010

Upcoming IPO - Electrosteel Integrated Ltd,

Electrosteel Integrated Limited is entering in the capital markets with an initial public offering, IPO of 368,772,000 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 not been fixed yet.

Electrosteel Integrated Limited, promoted by Electrosteel Castings Ltd (ECL) to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant.

The issue opens on Sep 21, 2010, and closes for subscription on Sep 24, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click on the below link to find more detail about Electrosteel Integrated Ltd IPO: