anish

Originally Posted by anish

ELECTROSTEEL INTEGRATED LTD IPO

Issue Open: September 21, 2010
Issue close: September 24, 2010
Price Band: Rs. 10 - Rs. 11 Per Equity Share
Minimum Bid Size: 600 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 100000


ELECTROSTEEL INTEGRATED LTD IPO :

Incorporated in 2006, Electrosteel Integrated Ltd, promoted by Electrosteel Castings Ltd (ECL) is to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant.

IPO Grading / Rating:

CARE has assigned an IPO Grade 3 to Electrosteel Integrated Ltd IPO. This means as per CARE company has 'Average Fundamentals'.