Bookbuilding FPO | ₹98 Cr | Listed at BSE | Fri, May 19, 2006 - Thu, May 25, 2006
Rathi Udyog FPO is a book build issue of ₹98.00 crores. The issue is entirely a fresh issue of 1.96 crore shares of ₹98.00 crore.
Rathi Udyog FPO bidding started from May 19, 2006 and ended on May 25, 2006. The shares got listed on the BSE on Jun 8, 2006.
Rathi Udyog FPO is set final issue price at ₹50 per share.
UTI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Rathi Udyog FPO RHP for detailed Information.
FPO Open
Fri, May 19, 2006
FPO Close
Thu, May 25, 2006
Issue Price
₹50 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 19 to 25 May, 2006 |
| Listed on | Thu, Jun 8, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹50 to ₹55 |
| Issue Price | ₹50 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE |
| Total Issue Size | 1,96,00,000 shares (agg. up to ₹98 Cr) |
| Reserved for Private Promoter | 80,00,000 shares (agg. up to ₹44 Cr) |
| Fresh Issue | 1,16,00,000 shares (agg. up to ₹58 Cr) |
| Net Offered to Public | 1,16,00,000 shares (agg. up to ₹58 Cr) |
| Share Holding Pre Issue | 47,08,111 shares |
| Share Holding Post Issue | 2,43,08,111 shares |
| BSE Script Code | 504903 |
| ISIN | INE336C01016 |
Rathi Udyog FPO comprises a total issue size of 1,16,00,000 shares. The net offer to the public is 36,00,000 shares, after excluding 80,00,000 shares allotted on a firm basis. Of the Net offer 58,00,000 (50.00%) are allocated to QIB, 17,40,000 (15.00%) allocated to NII 40,60,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 58,00,000 | 50.00% | 50.00% |
| NII (HNI) Shares Offered | 17,40,000 | 15.00% | 15.00% |
| Retail Shares Offered | 40,60,000 | 35.00% | 35.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 80,00,000 | 68.97% | |
| Total Shares Offered | 1,16,00,000 | 100.00% | 100.00% |
Rathi Udyog Limited was an Indian steel manufacturing company operating in the iron and steel industry, particularly focused on construction-grade steel products such as reinforcement bars (rebars).
The company was part of the well-known Rathi Group, which has a long legacy in the Indian steel sector dating back several decades. It played a significant role in supplying steel products to the construction industry and was among the early adopters of advanced steel technologies in India.
The Company started its operations with manufacturing Steel bars using TOR Technology and later upgraded the product quality by adopting Thermex Technology in 2001.
The company has two manufacturing plants: one in Ghaziabad, located in Industrial Area No. 1 near G.T. Road, about 10–12 km from the Delhi border with good road and rail connectivity; and another in Sambalpur, Orissa (village Potapally-Sikirdi), around 3–4 km from the Mumbai–Kolkata National Highway, also well connected by road and rail.
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 13.49 | 13.39 | 14.95 |
| Total Income | 229.45 | 280.74 | 192.23 |
| Profit After Tax | 6.44 | 2.95 | 1.57 |
| NET Worth | 57.05 | 19.97 | 18.02 |
| Reserves and Surplus | 21.58 | 15.27 | 13.32 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Steel Plant : Orissa Project | 209.65 |
| 2 | Ghaziabad Project | 35.50 |
| 3 | Expansion Project : Ghaziabad Project | 6.31 |
| 4 | Diversification Project : Ghaziabad Project | 29.19 |
| 5 | Long Term Working Capital Requirement | 22.92 |
| 6 | Expenses | 4.70 |
| 7 | Other Corporate Needs | 5.00 |
| Total | 313.27 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 14.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 43.22% | 41.28% |
| Price Details |
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| Final Issue Price |
| Open |
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Lead Manager Reports
Rathi Udyog FPO is a main-board FPO of 1,96,00,000 equity shares of the face value of ₹10 aggregating up to ₹98 Crores. The issue is priced at ₹50 per share. The minimum order quantity is .
The FPO opens on Fri, May 19, 2006, and closes on Thu, May 25, 2006.
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 Rathi Udyog FPO using UPI as a payment gateway. Zerodha customers can apply in Rathi Udyog FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rathi Udyog FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rathi Udyog FPO opens on Fri, May 19, 2006 and closes on Thu, May 25, 2006.
Rathi Udyog FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rathi Udyog 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 Rathi Udyog FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Rathi Udyog FPO allotment status.
The Rathi Udyog FPO listing date is on .
