ESL Steel Company Overview | Unlisted Shares Info | IPO Date Review
Electro steel Ltd. ( ESL Steel ) is entering the capital market on 21 September 2010 with a public issue of 22.55 crore value portions of Rs.10 each, in the value band of Rs.10 to Rs.11 per share. Issue moreover has a green shoe choice of upto 3.38 crore value shares. It appears to be that the organization and its advertisers are taking a jump past their ability, raising feelings of trepidation of the organization and its advertisers failing on their noses! Essentially that is the derivation which one can draw from the previous encounters of a few driving modern gatherings in 94-96, as Jindals, Essar, Lloyd, Usha Ispat, Ispat Industries and so on. The organization is setting up a 2.20 million TPA steel plant with all out capital cost of Rs. 7,362 crores. This is being supported by term credits of Rs. 5,447 crores and value capital of Rs. 2,068 crores, post Green Shoe Option. Abundance reserve being activated, of Rs.153 crores, will be utilized as edge cash for Bank Guaran...