Fixed Price IPO | ₹25 Cr | Listed at BSE | Thu, Oct 18, 2007 - Tue, Oct 23, 2007
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 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 Open
Thu, Oct 18, 2007
IPO Close
Tue, Oct 23, 2007
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹57.16 Cr
| IPO Date | 18 to 23 Oct, 2007 |
| Listed on | Fri, Nov 23, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 71,42,857 shares (agg. up to ₹25 Cr) |
| Fresh Issue | 71,42,857 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 91,87,500 shares |
| Share Holding Post Issue | 1,63,30,357 shares |
| BSE Script Code | 532918 |
| ISIN | INE575I01016 |
Rathi Bars IPO comprises a total issue size of 71,42,857 shares. The net offer to the public is 49,42,857 shares, after excluding 22,00,000 shares under a preferential allotment. Of the Net offer 24,71,428 (50.00%) allocated to NII 24,71,429 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,71,428 | 50.00% | 34.60% |
| Retail Shares Offered | 24,71,429 | 50.00% | 34.60% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,00,000 | 2.80% | |
| Other Shares Offered | 20,00,000 | 28.00% | |
| Total Shares Offered | 71,42,857 | 100.00% | 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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. | 31.67 |
| 2 | Expenses of the Issue | 2.00 |
| 3 | Security Deposit to State Electricity Board | 0.34 |
| KPI | |
|---|---|
| RoNW | 22.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 56.26% |
| Market Cap | ₹57.16 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead managers fees and selling expenses | 0.50 |
| 2 | Advertising and Marketing Expenses | 0.50 |
| 3 | Printing and Stationery & Distribution expenses | 0.50 |
| 4 | Others (Exchange fee, Listing fee, fee to Legal Advisors) | 0.30 |
| 5 | Registrar fee and other expenses | 0.20 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹38.00 |
| Low | ₹31.00 |
| High | ₹45.00 |
| Last Trade | ₹31.90 |
Lead Manager Reports
Rathi Bars IPO is a main-board IPO of 71,42,857 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹35 per share. The minimum order quantity is .
The IPO opens on Thu, Oct 18, 2007, and closes on Tue, Oct 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 Thu, Oct 18, 2007 and closes on Tue, Oct 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 Fri, Nov 23, 2007.
