Friday, October 08, 2010

Gyscoal Alloys IPO - Upcoming IPO Gyscoal Alloys Ltd

Gyscoal Alloys Ltd IPO Information:
- Issue Open: Oct 13, 2010
- Issue Close: Oct 14, 2010
- Issue Size: Over Rs. 50 - Rs. 55 Crore
- Face Value: Rs. 10 / Equity Share
- Issue Price: Rs. 65 - Rs. 71 Per Equity Share
- Minimum Quantity: 90 Shares (Rs. 6390 with 1 Lot)
- Maximum Quantity: 1350 Shares (Rs. 95850 with 15 Lot)
- Listing At: BSE, NSE

Gyscoal Alloys Ltd IPO Grading / Rating by CARE: IPO Grade 2/5. Means it has below Average Fundamentals.

About Company:
Gyscoal Alloys Limited (GAL), a public limited company, was incorporated in the year 1999 as a private limited company. Initially, the Company started its business with the trading of iron and steel scraps, billets and steel long products. The company also decided to trade in mild steel products namely CTD Bars and TMT Bars. The company took over a steel rolling mill business from Shah Alloys Group at Ubkhal, Mehsana and started manufacturing of rolled products in the year 2005. The Company further started its Steel Melting Shop with a capacity of 12,000 MT per annum which was further increased to 18,000 MT per annum in the year 2008-09. Looking to the potential higher value addition in case of stainless steel products, the Company decided to manufacture Stainless Steel long Products. At present, the plant has the capacity to manufacture different grades of Stainless Steel products ranging between 200 series to 400 series.

Contact Information:
Registered Office : 2nd Floor Mrudul Tower, B/H Times of India Ashram Road, Ahmedabad - 380009, Gujarat
Phone: 91 79 66614508
Fax: 91 79 26579387
Email: info@gyscoal.com
Website: http://www.gyscoal.com/

Book Running Lead Manager(s)
1. Chartered Capital and Investment Limited

Registrar of Gyscoal Alloys Ltd
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Website: http://www.intimespectrum.com

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