Prakash Steelage Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,075,000 (49%) | — | ₹3,383 Cr |
| NII (HNI) | — | 922,500 (15%) | — | ₹1,015 Cr |
| Retail | — | 2,152,500 (34%) | — | ₹2,368 Cr |
| Employee | — | 100,000 (2%) | — | ₹11 Cr |
| Σ Total | — | 6,250,000 (100%) | — | ₹68,750 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,600 |
| Retail (Max) | 13 | 780 | ₹85,800 |
| S-HNI (Min) | 14 | 840 | ₹92,400 |
| B-HNI (Min) | 67 | 4,020 | ₹442,200 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-09 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 19,191 | 32,247 | 23,238 |
| Profit After Tax | 746 | 750 | 820 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Expansion of existing manufacturing facility at Umbergaon, Gujarat. – 48.55
- 2 Meet the additional working capital requirement. – 61.87
- 3 General corporate purpose. – 3.40
- 4 Meet the issue expenses and – 4.55
- 5 List the equity shares of the company on the stock exchanges. –
Company Overview
Incorporated in 1991, Prakash Steelage Limited (PSL) is an ISO 9001: 2008 and PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes. Company carry their production through two state-of- the-art production units situated at Silvasa and Umbergaon (Gujarat) with total installed production capacity of 12200 MTPA.
PSL is also a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. To meet the increasing demand, they propose a backward integration cum expansion of manufacturing facilities at their existing unit in Umbergaon, Gujrat.