IGI Logo

Steel Exchange India is currently trading at Rs. 149.40, up by 5.65 points or 3.93% from its previous closing of Rs. 143.75 on the BSE.

The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 150.50 and Rs. 144.50 respectively. So far 31886 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.50 on 14-Jan-2022 and a 52 week low of Rs. 56.45 on 31-May-2021.

Last one week high and low of the scrip stood at Rs. 168.50 and Rs. 143.45 respectively. The current market cap of the company is Rs. 1317.69 crore.

The promoters holding in the company stood at 49.78%, while Institutions and Non-Institutions held 11.51% and 38.71% respectively.

Steel Exchange India has received an approval for the issuance of equity shares or securities convertible into equity shares, convertible debentures or warrants, composite issue of convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares, unsecured and / or secured non-convertible debentures or a combination thereof up to an aggregate amount of Rs 600 crore by way of Rights Issue or FPO (Further Public Offering) or private placement or qualified institutions placement (QIP) or through any other permissible mode in one or more tranches. The Board of Directors of the company at their meeting held on May 16, 2022 considered and approved the same.

Steel Exchange India has been established in the field of iron and steel manufacturing and is the AP's largest private integrated steel plant.