Issue Open: October 13, 2010
Issue close: October 15, 2010
Price Band: Rs. 65 – Rs. 71 Per Equity Share
Minimum Bid Size: 90 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 100000
GYSCOAL ALLOYS LTD IPO :
Incorporated in 1999, Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill.Company’s products portfolio includes Angles, Bright Bars, Black Bars, Flats, Hexagonal and Round Corner Squares (RCS) products which include channels, sections, pata-patti, full line of Round Corner Squares (RCS) and rectangles in standard sizes. The Company also manufactures squares, and Flat in sizes of the specification as per requirement of its customers.
IPO Grading / Rating:
CARE has assigned an IPO Grade 2 to Gyscoal Alloys Ltd IPO. This means as per CARE, company has ‘Below Average Fundamentals’.