IPO Synopsis

Prakash Steelage Ltd
Registered Office: 101 1st Floor Shatrunjay Apts,28 SindhiLane NanubhaiDesai Rd,Mumbai-400004, Maharashtra
Tel. No:
Fax No:
Email: cs@prakashsteelage.com, marketing@prakashsteelage.
Website: www.prakashsteelage.com
Public issue of 62,50,000 equity shares of Rs. 10/- each ("Equity Shares") of Prakash Steelage Limited (The "Company" or The "Issuer") for cash at a price of Rs. 110 per equity share (including share premium of Rs. 100 per equity share), aggregating to Rs. 68.75 crores (The "Issue"). Upto 1,00,000 equity shares will be reserved in the issue for subscription by eligible employees (the "employee reservation portion"). The issue would constitute 35.71% of the post issue paid-up capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is 11 times the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
05-Aug-2010 10-Aug-2010 ₹110.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 60 Further Multiples of :60
(₹ Cr) Lead Managers to the Issue
Project Cost 118.37 Keynote Corporate Services Ltd
Project Financed through Current Offer 68.75
Post Issue Equity Share Capital 17.50
Issue Price 110.00
Projects
Expansion of existing manufacturing facility
Meet the additional working capital requirement
General corporate purpose
Promoted By
Prakash C Kanugo
Ashok M Seth
Listing At
BSE
NSE
Registrar To The Issue