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Rathi Bars IPO is a fixed price issue of ₹25.00 crores. The issue is entirely a fresh issue of 0.71 crore shares of ₹25.00 crore.
Rathi Bars IPO bidding started from Oct 18, 2007 and ended on Oct 23, 2007. The shares got listed on BSE on Nov 23, 2007.
Rathi Bars IPO price is ₹35.00 per share .
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Chartered Capital & Investment Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue.
Refer to Rathi Bars IPO RHP for detailed Information.
| IPO Date | October 18, 2007 to October 23, 2007 |
| Listing Date | November 23, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 71,42,857 shares (aggregating up to ₹25.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 91,87,500 shares |
| Share Holding Post Issue | 1,63,30,357 shares |
Rathi Bars IPO offers total 71,42,857 shares. Out of which 24,71,428 (34.60%) allocated to NII, 24,71,429 (34.60%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| NII (HNI) Shares Offered | 24,71,428 (34.60%) |
| Retail Shares Offered | 24,71,429 (34.60%) |
| Employee Shares Offered | 2,00,000 (2.80%) |
| Other Shares Offered | 20,00,000 (28.00%) |
| Total Shares Offered | 71,42,857 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Rathi Bars IPO opens on October 18, 2007, and closes on October 23, 2007.
| IPO Open Date | Thu, Oct 18, 2007 |
| IPO Close Date | Tue, Oct 23, 2007 |
| Tentative Listing Date | Fri, Nov 23, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 23, 2007 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1993, Rathi Bars Limited (RBL) is a steel company involve in manufacturing TOR® Steel under the brand name RATHI® TOR®. These steel bars are commonly used in the construction of multistoried buildings, dams, bridges, flyovers, and power plants as a basic reinforcement material.
RBL is part of The Rathi Group, a 60 year old family owned business of producing specialty steels for construction industry with prestigious brand ' ‘RATHI®'.
RBL is promoted by Mr. K. K. Rathi and his two sons Mr. Anupam Rathi & Mr. Anurag Rathi. The manufacturing facility of the Company is situated at SP1 – 7, RIICO Industrial Area, Khuskhera, P.O. Tapukra-301701, District Alwar, Rajasthan.
RBL sells its products through more than 800 retail outlets spread throughout Northern India. Its customer profile includes well known businesses like - DLF, Ansals, Omaxe, Eldeco, DMRC, Hero Honda, Haldiram, Exide etc.
As of November 30, 2006, RBL's total assets were Rs. 4878.74 lacs and for the eight months ending November 30, 2006 our total turnover was Rs. 12473.74 lacs. RBL's net profit after tax was Rs 358.47 Lacs.
| KPI | Values |
|---|---|
| RoNW | 22.91% |
The Company Rathi Bars IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Expansion and modernisation including: 1. Purchase of plant and machinery; 2. Building and civil works; 3. Requirement of working capital; 4. Preliminary expenses; and 5. Production Launch expenses. | 316.74 |
| 2 | Expenses of the Issue | 20.00 |
| 3 | Security Deposit to State Electricity Board | 3.41 |
| Listing Date | November 23, 2007 |
| BSE Script Code | 532918 |
| NSE Symbol | |
| ISIN | INE575I01016 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | B1 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹38.00 |
| Low | ₹31.00 |
| High | ₹45.00 |
| Last Trade | ₹31.90 |
Rathi Bars Ltd.
A-24/7, Mohan Cooperative Industrial Estate,
Mathura Road,
New Delhi-110044
New Delhi, New Delhi
Phone: +91 11 41831191
Email: contact@rathisteels.com
Website: http://www.rathisteels.com
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Rathi Bars IPO is a main-board IPO of 71,42,857 equity shares of the face value of ₹10 aggregating up to ₹25.00 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .
The IPO opens on October 18, 2007, and closes on October 23, 2007.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Rathi Bars IPO using UPI as a payment gateway. Zerodha customers can apply in Rathi Bars IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rathi Bars IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rathi Bars IPO opens on October 18, 2007 and closes on October 23, 2007.
Rathi Bars IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rathi Bars IPO 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 Bars IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rathi Bars IPO allotment status.
The Rathi Bars IPO listing date is on Friday, November 23, 2007.
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