The issue opens on Aug 05, 2010, and closes for subscription on Aug 09, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Prakash Steelage Limited is entering in the capital markets with an initial public offering, IPO of 62,50,000 equity shares of Rs. 10 each for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 100/- at lower level and Rs 110/- at upper level for equity share of Rs 10/-.
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.
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