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Last Updated : Mar 07, 2014 02:03 PM IST | Source: Moneycontrol.com

Loha Ispaat IPO opens on March 11, to raise Rs 205 cr

Loha Ispaat a Mumbai based company is going to open its public issue of 26,705,476 equity shares of a face value of Rs 10 each on March 11, which will close on March 20, 2014.

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Loha Ispaat has come out with its public issue of 26,705,476 equity shares of a face value of Rs 10 each. The issue will be available for subscription between March 11-20, 2014.

The price band for the issue is fixed at Rs 77-80 per share.

The company, which aims to raise around Rs 205-213 crore through the issue, intends to use these funds for working capital requirements (post expansion at Khopoli and Taloja Plants) and general corporate purposes.


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Equity shares are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.

The company is one of the organized independent steel service centers in India having an existing client base of over 500 customers.

Aryaman Financial Services Limited is the book running lead manager to the issue. Bigshare Services Private Limited is the registrar to the issue.

First Published on Mar 6, 2014 04:49 pm