Gyscoal Alloys IPO
Gyscoal Alloys IPO — date, price band, lot size & details 2010
Gyscoal Alloys listed on 27 Oct 2010 at ₹75.15, 5.8% above the ₹71 issue price.
Gyscoal Alloys trades iron and steel products and runs a steel rolling mill making angles, bars, flats and squares. Its total income was Rs 158.78 crore in FY2010.
Stock price
Gyscoal Alloys is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 13 Oct 2010
- Close 15 Oct 2010
- Allotment 21 Oct 2010
- Refund/credit TBA
- Listing 27 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 15 Oct, 2010 |
|---|---|
| Price Band | ₹65 – ₹71 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹54.67 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,390 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 90 shares at the ₹71 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 90 | ₹6,390 |
| Retail (max) | 31 | 2,790 | ₹1,98,090 |
| S-HNI (min) | 32 | 2,880 | ₹2,04,480 |
| S-HNI (max) | 156 | 14,040 | ₹9,96,840 |
| B-HNI (min) | 157 | 14,130 | ₹10,03,230 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 125.58 crore in FY2009 to Rs 158.78 crore in FY2010.
- 02Profit after tax rose from Rs 1.79 crore in FY2009 to Rs 4.92 crore in FY2010.
- 03Rs 57.70 crore of the issue was for adding 100,000 MT a year of melting capacity.
- 04Net worth rose from Rs 17.25 crore in FY2008 to Rs 35.09 crore on 30 June 2010.
Risks · 5
- 01Profit after tax fell from Rs 7.31 crore in FY2008 to Rs 1.79 crore in FY2009, so earnings are volatile.
- 02Profit was Rs 4.92 crore on income of Rs 158.78 crore in FY2010, so margins are thin.
- 03Total borrowing rose from Rs 17.01 crore in FY2008 to Rs 38.45 crore on 30 June 2010.
- 04Steel products are cyclical commodities, and the new melting capacity costing Rs 57.70 crore carries execution risk.
- 05Promoter holding fell from 99.81% before the issue to 51.25% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Gyscoal Alloys offer document.
| Metric | 30 Jun 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 104.38 | 90.52 | 78.98 | 66.27 |
| Total Income | 45.62 | 158.78 | 125.58 | 132.38 |
| Profit After Tax | 1.53 | 4.92 | 1.79 | 7.31 |
| NET Worth | 35.09 | 33.56 | 19.01 | 17.25 |
| Reserves and Surplus | 27.56 | 26.03 | 12.65 | 10.87 |
| Total Borrowing | 38.45 | 28.76 | 24.75 | 17.01 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Gyscoal Alloys RHP.
Where the money goes
₹67.77 Cr of the issue is earmarked to named objects.
About the company
It trades iron and steel products and runs a steel rolling mill. Its products include angles, bright bars, black bars, flats, hexagonal bars and round corner squares, also made to customer specifications.
It has ISO 9001:2008 certification for the manufacture and supply of its steel products.
The IPO was Rs 54.67 crore and was entirely fresh issue at Rs 71, the top of the Rs 65 to Rs 71 band. Most of the money was for raising its melting capacity by 100,000 MT a year.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Gyscoal Alloys IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Gyscoal Alloys?
The current Grey Market Premium is ₹0.
What is the Gyscoal Alloys IPO price band?
₹65 to ₹71, on a face value of ₹10.
When is the allotment?
The basis of allotment is 21 October 2010, with listing on 27 October 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
