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Earthstahl & Alloys Ltd
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Registered Office:
Merlin Jayshree Vihar Mohani5B,Pandri Tarai Mandi Gate
,
Raipur
-
492001
,
Chattisgarh
, India.
Phone :
91-8120009626 Fax:
Email : secretarial@earthstahl.com
Website : www.earthstahl.com
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Initial public offer of upto 32,40,000* equity shares of face value of
Rs10/- each (the "Equity Shares") of Earthstahl & Alloys Limited ("The Company" or "ESAL" or "The Issuer") at an issue price of Rs40 per equity share for cash, aggregating up to Rs12.96 crores ("Public Issue") out of which 1,68,000 equity shares of face value of Rs10 each, at an issue price of Rs40 per equity share for cash, aggregating Rs0.67 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 30,72,000 equity shares of face value of Rs10 each, at an issue price of Rs40 per equity share for cash, aggregating upto
Rs12.29 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 25.09% respectively of the post- issue paid-up equity share capital of the company.
* Subject to finalization of basis of allotment.
The face value of the equity shares is Rs10/- each. The issue price is 4 times with the face value of the equity shares.
Bids can be made for a minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.
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Opens On
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Closes On
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Application
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Allotment
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27-Jan-23
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31-Jan-23
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Rs 40.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :3000 Further
Multiples of :3000
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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11.64
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Project Financed through Current Offer
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12.96
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Post Issue Equity Share Capital
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12.24
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Issue Price
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Rs 40.00
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