MSP Steel & Power IPO
MSP Steel & Power IPO — date, price band, lot size & details 2005
MSP Steel & Power listed on 18 Jul 2005 at ₹17.9, 79% above the ₹10 issue price.
MSP Steel and Power makes sponge iron and steel products and was building a sponge iron plant at Raigarh, Chhattisgarh. Its total income was Rs 37.78 crore in FY2005.
Stock price
MSP Steel & Power 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 20 Jun 2005
- Close 24 Jun 2005
- Allotment 08 Jul 2005
- Refund/credit TBA
- Listing 18 Jul 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 24 Jun, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 500 Shares |
| Issue Size | ₹16 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,000 |
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 500 shares at the ₹10 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 500 | ₹5,000 |
| Retail (max) | 40 | 20,000 | ₹2,00,000 |
| S-HNI (min) | 41 | 20,500 | ₹2,05,000 |
| S-HNI (max) | 200 | 100,000 | ₹10,00,000 |
| B-HNI (min) | 201 | 100,500 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 4.84 crore in FY2004 to Rs 37.78 crore in FY2005 as its plant started.
- 02Profit after tax rose from Rs 0.27 crore in FY2004 to Rs 2.45 crore in FY2005.
- 03The promoter group had already put Rs 4197.60 lacs into the project.
- 04Total assets grew from Rs 24.03 crore to Rs 122.56 crore in one year.
Risks · 5
- 01Its business was new; total income was only Rs 3.97 crore in FY2003.
- 02Sponge iron and steel prices are cyclical; profit was Rs 2.45 crore in FY2005.
- 03Its plant needed coal and iron ore at steady prices; total assets were Rs 122.56 crore.
- 04It is a small issue of Rs 16 crore at Rs 10 per share.
- 05Promoter group holding fell from 99.06% before the issue to 71.78% after it.
Three years of numbers
All figures in ₹ crore, as reported in the MSP Steel & Power offer document.
| Metric | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 122.56 | 24.03 | 3.95 |
| Total Income | 37.78 | 4.84 | 3.97 |
| Profit After Tax | 2.45 | 0.27 | 0.01 |
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 MSP Steel & Power RHP.
Where the money goes
₹16.00 Cr of the issue is earmarked to named objects.
About the company
It makes iron and steel products such as sponge iron and billets as part of the MSP group.
It received permission on 20 May 2003 from the Chhattisgarh Environment Conservation Board to set up a sponge iron plant in Raigarh. The promoter group had invested Rs 4197.60 lacs in the project.
The IPO was Rs 16 crore and was entirely a fresh issue at Rs 10 per share, at its face value.
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.
MSP Steel & Power 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.
Microsec Capital Ltd
7 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Vikash Metal & Power (-40.0%).
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 MSP Steel & Power?
The current Grey Market Premium is ₹0.
What is the MSP Steel & Power IPO price band?
₹10, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 July 2005, with listing on 18 July 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
