Tata Steel Ltd - IPO

Tata Steel Ltd IPO Details

Further public issue of 57,000,000 equity shares of face value Rs. 10 each(equity shares) for cash at a price of Rs. 610 per equity shares of Tata Steel Limited(Tata Steel) aggregating to Rs. 3477.00 crores(The issue). The issue comprises a net issue to the public of 55,500,000 equity shares (The net issue) and a reservation of 1,500,000 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 5.94% of the post-issue paid up equity share capital of the company and the net issue to the public would constitute 5.79% of the post-issue paid-up equity shares capital of the company.Issue Price: Rs. 610 per equity share of face value of Rs. 10 eachThe issue price is 61 times the face value.

Objective of issue

Part finance the company's share of capital exp.. Payment of redemption amounts on maturity of RNCD. General corporate purposes.

Tata Steel Ltd Contact Details

Tata Steel Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - cosec@tatasteel.com

Website - www.tatasteel.com