RED HERRING PROSPECTUS Please read Section 60B of the Companies Act, 1956. STEEL Dated February 14 , 2006 100% Book Building Issue VISA STEEL LIMITED (Our Company was incorporated on September 10, 1996 as VISA INDUSTRIES LIMITED under the Companies Act, 1956, with the Registration No. 15-04601 of 1996-97. Our name was changed from VISA INDUSTRIES LIMITED to VISA STEEL LIMITED with effect from May 4, 2005 with new CIN No. U13209OR1996PLC004601. For details on changes of our Registered Office, please refer to the chapter titled “History and Other Corporate Matters” beginning on page 76 of this Red Herring Prospectus.) Registered Office: 11, Ekamra Kanan, Nayapalli, Bhubaneswar – 751 015, Orissa Tel: +91 674 2552479; Fax: +91 674 2554662. Corporate Office: VISA House, 8/10, Alipore Road, Kolkata – 700 027, West Bengal Tel: +91 33 24567374; Fax: +91 33 24567219. Contact Person: Mr. Manoj Kumar Digga; E-mail:
[email protected]; Website: www.visasteel.com PUBLIC ISSUE OF 35,000,000 EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS. [●] PER EQUITY SHARE FOR CASH AGGREGATING RS. [●] MILLION (HEREINAFTER REFERRED TO AS THE “ISSUE”), COMPRISING OF PROMOTERS’ CONTRIBUTION OF 5,000,000 EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS. [●] FOR CASH AGGREGATING TO RS. [●] MILLION (REFERRED TO AS THE “PROMOTER’S CONTRIBUTION”). THE ISSUE LESS THE PROMOTER’S CONTRIBUTION SHALL BE HEREINAFTER REFERRED TO AS THE “NET ISSUE TO PUBLIC”. THE NET ISSUE TO PUBLIC WILL CONSTITUTE 27.27% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY. PRICE BAND: Rs. 52 TO Rs.