Business Standard

Rathi Steel & Power Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

98.00 cr

Price Range (₹)

50

Lot Size

50

Min Investment (₹)

2,500.00

Listing Exchange

MumbaiDelhi

Open Date

19-May-2006

Close Date

25-May-2006

Listing Date

08-Jun-2006

Rathi Steel & Power Ltd News

    The Shares of Rathi Steel & Power Ltd have now been listed.

    Rathi Steel & Power Ltd IPO Details

    Public Issue of 1,96,00,000 Equity Shares through 100% Book Building Process of face value of Rs.10 each for cash at a price Rs.50, aggregating Rs.98.00 Crores(hereinafter referred to as the Issue). The Issue comprises of promoters Contribution of 80,00,000 Equity Shares aggregating to Rs.40.00 Crores and the net issue to the Public of 1,16,00,000 Equity Shares aggregating Rs.58.00 Crores (herein after referred to as Net Issue). The Issue would constitute 80.63 % of the fully diluted post Issue paid up of Rathi Udyog Ltd.Issue Price Rs.50 Per Equity Share of Face value of Rs. 10 each. The Issue Price is 5 times of the Face Value

    Objective of issue

    Steel Plant- Orissa Project. Expansion Project- Ghaziabad Project. Long Term Working Capital Requirements. Other Corporate Needs.

    Rathi Steel & Power Ltd Contact Details

    Rathi Steel & Power Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - investors@rathiudyog.in

    Website - www.rathisteelandpower.com