IPO Study and Review

Submited by Deepak Maru Nitesh Salunke

Roll no. 14 Roll no. 16

Introduction
Incorporated in 1907 Tata Steel Ltd is Indias largest steel companies with a steel production capacity of approximately 27.2 tonnes. the company was the seventh largest steel company in the world in terms of crude steel production volume in 2009.

Tata Steel's operations are primarily focused in India, Europe and other countries in Asia Pacific. In Financial Year 2010

Introduction
Tata Steel Ltd offers a broad range of steel products including a portfolio of high value-added downstream products such as hot rolled coils, sections, plates and wires. Tata Steel is also a large producer of ferro chrome in India. The Companys customers primarily comprise the construction, automotive, aerospace, consumer goods and material handling and general engineering industries

 Company Financials:

Issue Details
Issue Open: Jan 19, 2011 - Jan 21, 2011 Issue Type: 100% Book Built Issue FPO Issue Size: 57,000,000 Equity Shares of Rs. 10 Issue Size: Rs. 3,477.00 Crore Face Value: Rs. 10 Per Equity Share Issue Price: Rs. 594 - Rs. 610 Per Equity Share Market Lot: 10 Shares Minimum Order Quantity: 10 Shares Listing At: BSE, NSE

Listing Open

Rs. 630.15 / Rs. 631

Listing Close

Rs. 625.70 / Rs. 626.25

Listing High

Rs. 633.85 / Rs. 634.95

Listing Low

Rs. 615.65 / Rs. 615.80

Objects of the Issue:

1. Part finance the Companys share of capital expenditure for expansion of existing works at Jamshedpur;

2. Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis; and
3. General corporate purposes.