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RCI Industries IPO is a fixed price issue of ₹11.52 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹11.52 crore.
RCI Industries IPO bidding started from Dec 30, 2013 and ended on Jan 6, 2014. The shares got listed on BSE SME on Jan 21, 2014.
RCI Industries IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and RCMC Share Registry Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to RCI Industries IPO RHP for detailed Information.
| IPO Date | December 30, 2013 to January 6, 2014 |
| Listing Date | January 21, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹11.52 Cr) |
| Reserved for Market Maker | 1,44,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.5760 Cr) |
| Net Offered to Public | 27,36,000 shares (aggregating up to ₹10.94 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 80,19,415 shares |
| Share Holding Post Issue | 1,08,99,415 shares |
RCI Industries IPO offers total 28,80,000 shares. Out of which 13,68,000 (47.50%) allocated to NII, 13,68,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.00%) |
| NII (HNI) Shares Offered | 13,68,000 (47.50%) |
| Retail Shares Offered | 13,68,000 (47.50%) |
| Total Shares Offered | 28,80,000 (100.00%) |
RCI Industries IPO opens on December 30, 2013, and closes on January 6, 2014.
| IPO Open Date | Mon, Dec 30, 2013 |
| IPO Close Date | Mon, Jan 6, 2014 |
| Tentative Listing Date | Tue, Jan 21, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 6, 2014 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1992, RCI Industries and Technologies Ltd (RCIITL) is engaged in the sphere of offering and exporting Copper Wires which include Annealed Copper Wire, Bunched Copper Wire Ropes and Copper Ingots, which are used in different electrical and industrial applications.
RCIITL is a diversified turnover conglomerate and are committed towards high quality products & credit with several innovations over last twenty one years. In past few years the company has consolidated its position through successful forays into diversified sectors like trading of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot, scrap, power cables and other related items used in various electrical and industrial applications. Company also exports Indian Handicrafts especially metal based. RCIITL operates as an important intermediary in the Metals Supply Chain whereby it import/purchase materials such as Annealed/Un-Annealed Copper Wires, Bunched Copper Wires, Aluminium Wires etc. from various suppliers and supply the same to customers in the Metal Business. It offers a diversified product range which includes variety of grades, thickness, widths and standards, in of all types of ferrous and Non ferrous Metals according to customer specifications.
| KPI | Values |
|---|---|
| RoNW | 4.12% |
The Company RCI Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 9.00 |
| 2 | General Corporate Purposes | 1.97 |
| 3 | Issue Expenses | 0.55 |
[Dilip Davda] <p class="NoSpacing" style="text-align: justify; margin: 0in 0in 0pt;"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: medium;"><span style="font-family: Calibri;">Avoid this pricy IPO which also has entry barrier.</span></span></strong></p> Read detail review...
| Listing Date | January 21, 2014 |
| BSE Script Code | 537254 |
| NSE Symbol | |
| ISIN | INE140B01014 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.00 |
| Low | ₹38.05 |
| High | ₹41.00 |
| Last Trade | ₹38.05 |
RCI Industries & Technologies Ltd.
B 97,
All Heavens Building,
Wazirpur Ring Road,
Delhi, New Delhi, 110052
Phone: 91-11-27372194/27372197
Email: nfo@rciind.com
Website: http://www.rciind.com
RCMC Share Registry Pvt.Ltd.
Phone: (91) 120 4015880
Email: ipo.rci@rcmcdelhi.com
Website: http://www.rcmcdelhi.com/
RCI Industries IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on December 30, 2013, and closes on January 6, 2014.
RCMC Share Registry Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in RCI Industries IPO using UPI as a payment gateway. Zerodha customers can apply in RCI Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RCI Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RCI Industries IPO opens on December 30, 2013 and closes on January 6, 2014.
RCI Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in RCI Industries 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 RCI Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RCI Industries IPO allotment status.
The RCI Industries IPO listing date is on Tuesday, January 21, 2014.
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