Fixed Price FPO | ₹30 Cr | Listed at BSE | Tue, Dec 13, 2005 - Fri, Dec 16, 2005
Ramsarup Industries FPO is a fixed issue price of ₹30.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹30.00 crore.
Ramsarup Industries FPO bidding started from Dec 13, 2005 and ended on Dec 16, 2005.
Ramsarup Industries FPO is set final issue price at ₹60 per share.
Microsec Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Ramsarup Industries FPO DRHP for detailed Information.
FPO Open
Tue, Dec 13, 2005
FPO Close
Fri, Dec 16, 2005
Issue Price
₹60 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 13 to 16 Dec, 2005 |
| Listed on | Wed, Jan 4, 2006 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 50,00,028 shares (agg. up to ₹30 Cr) |
| Fresh Issue | 50,00,028 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 56,46,900 shares |
| Share Holding Post Issue | 1,06,46,928 shares |
| BSE Script Code | 532690 |
| ISIN | INE005D01015 |
Ramsarup Industries FPO comprises a total issue size of 50,00,000 shares. The net offer to the public is 40,00,000 shares, after excluding 10,00,000 shares under a preferential allotment. Of the Net offer 20,00,000 (50.00%) allocated to NII 20,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,00,000 | 50.00% | 40.00% |
| Retail Shares Offered | 20,00,000 | 50.00% | 40.00% |
| Preferential Reservations | |||
| Other Shares Offered | 10,00,000 | 20.00% | |
| Total Shares Offered | 50,00,000 | 100.00% | 100.00% |
Incorporated in 1979, Ramsarup Industries Limited is engaged in the manufacturing of TMT bars, wire rods, steel wires, and galvanized wires for the construction and power transmission sectors.
The company manufactures a wide range of TMT bars under Thermax technology in sizes ranging from 8 mm to 40 mm and markets them under the “Ramsarup” brand. Its products are used in infrastructure, construction, and earthquake-resistant structures. The company also manufactures steel wires and galvanized wires used in power transmission applications.
Ramsarup Industries operates manufacturing units at Kalyani Industrial Area and Shyamnagar in West Bengal, along with a wind power unit at Dhule, Maharashtra. The company has installed capacities of 87,000 tonnes per annum for TMT bars, 24,000 tonnes per annum for steel wires, 1,37,000 tonnes per annum for wire drawing, and 60,000 tonnes per annum for galvanized wires.
The company supplies products to infrastructure and transmission companies such as Larsen & Toubro Limited, Kalpataru Projects International Limited, KEC International Limited, Gammon India Limited, Reliance Energy Limited, Hindustan Construction Company Limited, and vendors associated with Power Grid Corporation of India Limited.
The company has also entered the renewable energy segment through Ramsarup Vidyut, a wind power project in Maharashtra with a capacity of 3.75 MW and a long-term power purchase agreement with the Maharashtra State Electricity Board. Additionally, the group company Ramsarup Lohh Udyog Limited is setting up an integrated steel plant at Kharagpur, West Bengal for the production of steel billets and co-generation of power.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 438.09 | 385.79 | 250.84 |
| Total Income | 450.38 | 877.55 | 587.65 |
| Profit After Tax | 13.01 | 13.68 | 3.73 |
| NET Worth | 91.36 | 78.34 | 23.92 |
| Reserves and Surplus | 41.20 | 28.52 | 16.04 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Modernization cum Expansion of TMT Mill | 9.50 |
| 2 | Repayment of unsecured loan | 18.51 |
| 3 | Enhancement of Long Term Working Capital | 16.16 |
| 4 | Setting up a Structural Mill | 67.36 |
| 5 | General Corporate purposes including strategic initiatives and acquisitions | 6.00 |
| 6 | Expenses Of The Issue | 2.50 |
| Total | 120.02 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 28.48% | 17.46% |
| Price to Book Value | 0.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.38% | 56.12% |
The Ramsarup Industries FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 9.34 | 50,00,000 | 4,67,01,500 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of Lead Manager, Registrar, Legal Advisor, Auditors, Tax Auditors, etc. | 0.45 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.50 |
| 3 | Brokerage & Selling Commission | 0.75 |
| 4 | Advertisement & Marketing Expenses | 0.50 |
| 5 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.10 |
| 6 | Contingencies | 0.20 |
| Total | 2.50 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹81.00 |
| Low | ₹80.20 |
| High | ₹99.00 |
| Last Trade | ₹83.45 |
Lead Manager Reports
Ramsarup Industries FPO is a main-board FPO of 50,00,028 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹60 per share. The minimum order quantity is .
The FPO opens on Tue, Dec 13, 2005, and closes on Fri, Dec 16, 2005.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Ramsarup Industries FPO using UPI as a payment gateway. Zerodha customers can apply in Ramsarup Industries FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ramsarup Industries FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ramsarup Industries FPO opens on Tue, Dec 13, 2005 and closes on Fri, Dec 16, 2005.
Ramsarup Industries FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ramsarup Industries FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ramsarup Industries FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ramsarup Industries FPO allotment status.
The Ramsarup Industries FPO listing date is on .
