Panchratan Steels IPO

Initial public issue of upto 75,30,000 equity shares of face value of Rs. 10/- each (equity shares) of Panchratan Steels Limited (the company or the issuer) for cash at a price of Rs. 48/- per equity share, including a share premium of Rs.38/- per equity share (the issue price), aggregating to Rs. 36.14 crores (the issue), of which 3,78,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 48/- per equity share, aggregating to Rs. 1.81 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 71,52,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 48/- per equity share, aggregating to Rs. 34.33 crores is herein after referred to as the net issue. The issue and the net issue will constitute 30.41% and 28.88% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is Rs. 48/- each i.e., 4.8 times of the face value of the equity shares. The minimum lot size is 2 (two) lots of 3,000 equity shares each.