Uttam Galva Steels trades with traction on raising Rs 160 crore via QIP

Uttam Galva Steels Ltd. | Steel & Iron Products | Metals & Mining | BSE: 513216 | NSE: UTTAMSTL

01 Apr 2013 Evaluate

Uttam Galva Steels is currently trading at Rs. 77.20, up by 2.40 points or 3.21% from its previous closing of Rs. 74.80 on the BSE.

The scrip opened at Rs. 77.45 and has touched a high and low of Rs. 78.50 and Rs. 75.15 respectively. So far 24612 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.50 on 31-Jan-2013 and a 52 week low of Rs. 56.60 on 03-Sep-2012.

Last one week high and low of the scrip stood at Rs. 81.50 and Rs. 72.75 respectively. The current market cap of the company is Rs. 959.74 crore.

The promoters holding in the company stood at 70.83% while Institutions and Non-Institutions held 15.31% and 13.86% respectively.

In a bid to fund its expansion and augment long term-resources, Uttam Galva Steels has raised Rs 160 crore through placement of shares to qualified institutional investors. The company has issued and allotted 2 crore fully paid-up equity shares at a price of Rs 80 per equity share. Consequent to the issue and allotment of the new shares, the issued, subscribed and paid up equity capital of the company has increased from 122.26 crore to 142.26 crore.

Earlier, the company had fixed the price at Rs 76.48 per share for raising funds up to Rs 175 crore through qualified institutional placement (QIP) route.

Uttam Galva Steels is engaged in the business of manufacturing Cold Rolling (CR) Coils, Cold Rolled Close Annealed (CRCA), Galvanized Plain Products (GP) and Galvanized Corrugated Products (GC). Company has emerged as one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India.

Uttam Galva Steels Share Price

3.40 0.00 (0.00%)

17-Oct-2022 18:01 View Price Chart

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