ESL Steel Ltd - IPO

ESL Steel Ltd IPO Details

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 eachThe issue price is 1.1 times the face value

Objective of issue

To part finance the const. of Integ. Steel Plant. Margin money towards bank guarantees. General corporate purposes.

ESL Steel Ltd Contact Details

ESL Steel Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - eil.investors@electosteel.com

Website - www.eslsteel.com