Loha Ispaat IPO opens today
11/03/2014 15:55
The initial public offering (IPO) of Loha Ispaat Ltd, which is the flagship company of the Loha group and one of the leading organized independent steel service centers in the country, hit the capital market on Tuesday. Via the issue of 26,705,476 equity shares of the face value of Rs 10 each, the company is eying raising funds worth Rs 200 -210 crore. The issue, which is a 100% Book Building issue, will be open for subscription till March 20, 2014. The company has fixed the issue price at Rs 77-80. The equity shares of the company will be listed on the BSE and NSE. The company intends to utlize the net proceeds from the issue for funding the working capital needs post the expansion of the capacity of its Khopoli and Taloja Plants. The net proceeds of the issue will also be used for funding expenditure for general corporate purposes.
11/03/2014 15:55
The initial public offering (IPO) of Loha Ispaat Ltd, which is the flagship company of the Loha group and one of the leading organized independent steel service centers in the country, hit the capital market on Tuesday. Via the issue of 26,705,476 equity shares of the face value of Rs 10 each, the company is eying raising funds worth Rs 200 -210 crore. The issue, which is a 100% Book Building issue, will be open for subscription till March 20, 2014. The company has fixed the issue price at Rs 77-80. The equity shares of the company will be listed on the BSE and NSE. The company intends to utlize the net proceeds from the issue for funding the working capital needs post the expansion of the capacity of its Khopoli and Taloja Plants. The net proceeds of the issue will also be used for funding expenditure for general corporate purposes.
