Loha Ispaat, a company with organized independent steel service centers having an existing client base of over 500 customers pan India, entered the capital markets today, Mar. 11, 2014 with a public issue of 26,705,476 equity shares of Rs 10 each through 100% book building process.
The Price Band has been fixed at Rs 77 to Rs 80 equity share of Rs 10 each and the Issue closes on Mar. 20, 2014. The issue will constitute 26.44% of the post issue paid-up equity share capital of the company.
The equity shares are listed on the BSE and NSE. The issue has been graded by CARE as 'CARE IPO Grade 3', indicating average fundamentals. Aryaman Finanacial Services is the sole book running lead manager for the issue and Bigshare Services is the registrar to the issue.