Prakash Steelage Ltd IPO

Incorporated in 1991, 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.


PSL is also a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. To meet the increasing demand, they propose a backward integration cum expansion of manufacturing facilities at their existing unit in Umbergaon, Gujrat.

Objects of the Issue:

The Objects of the Issue are:

1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;
2. Meet the additional working capital requirement;
3. General corporate purpose;
4. Meet the issue expenses; and
5. List the equity shares of the company on the stock exchanges.

Issue Detail:

»» Issue Open: Aug 05, 2010 - Aug 09, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 6,250,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 62.50 - 68.75 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 100 - Rs. 110 Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE