Rajputana Stainless Ltd - IPO

Rajputana Stainless Ltd IPO Details

Initial public offering of up to 2,09,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Rajputana Stainless Limited (The Company or the Issuer) for cash at a price of Rs.122.00 per equity share (Including a Securities Premium of Rs. 112.00 per Equity Share) (Offer Price) aggregating up to Rs. 254.98 crores comprising a fresh issue of up to 1,46,50,000 equity shares of face value of Rs. 10/- each aggregating up to Rs.178.73 crores by the company (Fresh Issue) and an offer for sale of up to 62,50,000 equity shares of face value of Rs. 10/- each aggregating up to Rs. 76.25 crores (Offered Shares) by Shankarlal Deepchand Mehta (The Selling Shareholder or Promoter Selling Shareholder), (Offer for Sale, together with the fresh issue, the Offer). The offer will constitute [*] % of the post-offer paid-up equity share capital of its company. Price Band: Rs. 116 to Rs. 122 per equity share of face value of Rs. 10/- each.The floor price is 11.60 times of the face value of the equity shares and the cap price is 12.20 times of the face value of the equity shares. Bids can be made for a minimum of 110 equity shares of face value of Rs. 10/- each and in multiples of 110 equity shares of face value of Rs. 10/- each thereafter.

Objective of issue

Funding capital expenditure requirements in relation to the setting up of the proposed facility. Funding working capital requirement of the proposed facility. Full or part of repayment and /or prepayment of certain outstanding secured borrowings availed by the company. General corporate purposes.

Rajputana Stainless Ltd Contact Details

Rajputana Stainless Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@rajputanastainless.com

Website - www.rajputanastainless.com