Gyscoal Alloys Fixed IPO Price At Rs 71 Per Share

Gyscoal Alloysstainless steel manufacturer- Gyscoal Alloys has fixed IPO price at Rs 71, The ipo price band at Rs.65 (low) to Rs.71 (high). The firm has increased Rs 54.67 cr via initial public offer of 77 lakh equity shares.

The issue, that had open on subscription during Oct 13-15, and had been subscribed 8.59 times. NIIs’ booked part got subscribe 33.44 times followed by retail and QII (qualified institutional investors) with 8 times and 1.54 times, respectively. The issue constituted 48.65percent of the completely diluted post issue paid-up capital of the firm.

Gyscoal makes various levels of Stainless Steel products ranging in between 200 series to 400 series. It’s been exporting numerous products to varied nations such as Philippines, Malaysia, Thailand, Kenya etc.

IPO Issue proceeds are planned for use for capital outlay for improving the development capability of melting area by 100,000 MT per year as well as long-term working capital needs


Gyscoal makes various levels of Stainless Steel products-ipo listing details and subscriptions details and Indian initial public offering news

Be Sociable, Share!

Stock Market Basics For Beginners

Invest Regularly

Invest Regularly Invest Regularly : Improve the practice of adding to your recurring deposit and SIP (systematic investment plan of mutual fund) / deferred annuity ...…

American Depositary Receipt

American Depositary Receipt American Depositary Receipt (ADR) is known as a negotiable certificate  issued by an american bank stating that a number of stocks in the overseas firm ...…

Share Market investment objective

Share Market investment objective your Investment objective? they invariably answer earn money with no risk. Even though all investments have an element of threat, including the possible loss of principal, ...…

Short Term Share Trading

Short Term Share Trading Short term share trading means purchasing stocks and holding them for several time period is called Short term share trading. Short term trading involves buying ...…

Public Provident Fund

Public Provident Fund Public Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV