Electrosteel Steels Ltd - Prospectus Synopsis

Electrosteel Steels Ltd RHP

Registered Office : 801 Uma Shanthi Apartments , Kanke Road , Ranchi - 834008 , Jharkhand , India.

Phone : 91-0651-2285636  Fax : 91-0651-2285636

Email : eil.investors@electosteel.com    Website : www.electrosteels.com

Public issue of 225,516,188 equity shares of Rs. 10 each of Electrosteel Steels Limited (The Company or The Issuer) for cash at a price of Rs. 11 per equity share (including a share premium of Re. 1 per equity share) aggregating to Rs. 248.07 crores (The Issue). There will also be a Green Shoe Option of up to 33,827,428 equity shares for cash at a price of Rs. 11 per equity share not exceeding Rs. 37.21 crores (The Green Shoe Option). The issue and the Green Shoe Option, if exercised in full, will aggregate to 259,343,616 equity shares amounting to Rs. 285.28 crores. The issue will constitute 11.08% of the fully diluted post issue paid-up capital of the company assuming that the Green Shoe Option is not exercised and 12.54% of the fully diluted post issue paid-up capital of the company assuming that the Green Shoe Option is exercised in full. Issue price : Rs. 11 per equity share of face value Rs. 10 each The issue price is 1.1 times the face value

Issue Money Payable On
Opens On Closes On Application Allotment
21-Sep-2010 24-Sep-2010 Rs 11 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 600 Further Multiples of : 600
  Rs Cr Lead Managers to the Issue
Project Cost 7529.49 Edelweiss Capital Ltd
Project Financed through Current Offer 248.07  
Post Issue Equity Share Capital 0  
Issue Price Rs. 11  
Projects
To part finance the const. of Integ. Steel Plant
Promoted By Listing At Registrar to the Issue
Electrosteel Castings Ltd
Mumbai Karvy Computershare Pvt Ltd
 

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