Launch of Electrosteel Steels Limited IPO (Formerly known as Electrosteel Integrated Limited)/ Price Band

Electrosteel Steels Limited (formerly known as Electrosteel Integrated Limited) IPO is being launched. The details of the same are as follows:

Issue Date: Tuesday September 21, 2010.
Issue Closes for QIBs: Thursday September 23, 2010.
Issue Closes for Retail & Non - Institutional Bidder: Friday September 24, 2010.
Book Running Lead Managers: Edelweiss Capital Limited/ Enam Securities Private Limited/ SBI Capital Markets Limited.
Registrar: Karvy Computershare Pvt. Ltd.
Issue Size: 225,516,188 Equity Shares.
Greenshoe Option: 33,827,428 Equity Shares.
Fresh Issue with Greenshoe: 259,343,616 Equity Shares.

QIB Book: 135309713 Equtiy Shares (Without Greenshoe) (60% of Net issue size)
Retail Book: 22551619 Equity Shares (Without Greenshoe) (30% of Net issue size)
HNI Book : 67654856 Equity Shares (Without Greenshoe) (10% of Net issue size)

Price Band: Rs.10/- to Rs.11/-
Minimum Bid: 600 Equity Shares into multiples of 600 Equity Shares.

Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.