IPO gets bids for 3,325 shares
The initial public offer (IPO) of Loha Ispaat saw dull response on day one of the bidding for the IPO today, 11 March 2014. The IPO received bids for 3,325 shares till 16:00 IST on day one of the bidding for the IPO today, 11 March 2014, compared with 2.67 crore shares on offer, as per NSE data.
The IPO closes on 20 March 2014. The company has set a price band of Rs 77 to Rs 80 per equity share of face value Rs 10 each.
The issue will constitute 26.44% of the post-issue paid-up equity share capital of the company. The equity shares are proposed to be listed on the BSE and NSE.
The IPO has been graded by CARE as 'CARE IPO Grade 3', indicating average fundamentals.
Loha Ispaat is a steel processing and service company that operates from Khopoli and Taloja in western Maharashtra.
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