Business Standard

RKEC Projects Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

28.70 cr

Price Range (₹)

45

Lot Size

3000

Min Investment (₹)

1,35,000.00

Listing Exchange

NSE - SME

Open Date

25-Sept-2017

Close Date

28-Sept-2017

Listing Date

09-Oct-2017

RKEC Projects Ltd News

    The Shares of RKEC Projects Ltd have now been listed.

    RKEC Projects Ltd IPO Details

    Initial public issue of 63,78,000 equity shares of face value of Rs. 10 each (equity shares) of RKEC Projects Limited (company or issuer) for cash at a price of Rs.45 per equity share (including a share premium of Rs. 35 per equity share) (issue price) aggregating to Rs. 28.70 crores (issue) consisting of a fresh issue of 46,78,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 45 per equity share aggregating to Rs. 21.05 crores (issue) and 17,00,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 45 per equity share aggregating to Rs. 7.65 crores through an offer for sale by Mr. Radhakrishna Garapati (referred as selling shareholder & promoter) of which 3,24,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 45 per equity share, aggregating to Rs. 1.46 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 60,54,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 45 per equity share aggregating to Rs. 27.24 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.59% and 25.23%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.45 The issue price is 4.5 times of the face value.

    Objective of issue

    To meet working capital requirement. General corporate expenses.

    RKEC Projects Ltd Contact Details

    RKEC Projects Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - info@rkecprojects.com

    Website - www.rkecprojects.com