Prakash Steelage Limited had tapped the capital markets with an issue for 62.5 lakh shares in a price band of Rs 100-110 during the 5th and 10th of August. The issue was oversubscribed 4.53 times overall. The company is to list on the BSE and NSE and there would be a listing ceremony held at the BSE.

Prakash Steelage Limited is in the business of manufacturing of seamless and welded stainless steel pipes, tubes and U-tubes. It has two manufacturing units located in Silvassa and Umbergaon in Gujarat.

The company had raised Rs 192.5 crs through the IPO and the price fixed was Rs 110.