Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Mon, Dec 30, 2013 - Mon, Jan 6, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 30, 2013
IPO Close
Mon, Jan 6, 2014
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹43.60 Cr
| IPO Date | 30 Dec, 2013 to 6 Jan, 2014 |
| Listed on | Tue, Jan 21, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,44,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.5760 Cr) |
| Fresh Issue (Ex Market Maker) | 27,36,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 27,36,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 80,19,415 shares |
| Share Holding Post Issue | 1,08,99,415 shares |
| BSE Script Code | 537254 |
| ISIN | INE140B01014 |
RCI Industries IPO comprises a total issue size of 28,80,000 shares. The net offer to the public is 27,36,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,68,000 (50.00%) allocated to NII 13,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,68,000 | 50.00% | 47.50% |
| Retail Shares Offered | 13,68,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.00% | |
| Total Shares Offered | 28,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Working Capital Requirement | 9.00 |
| 2 | General Corporate Purposes | 1.97 |
| 3 | Issue Expenses | 0.55 |
| KPI | |
|---|---|
| RoNW | 4.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.97% | 73.55% |
| Market Cap | ₹43.60 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 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.48 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.00 |
| Low | ₹38.05 |
| High | ₹41.00 |
| Last Trade | ₹38.05 |
Lead Manager Reports
RCI Industries IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Dec 30, 2013, and closes on Mon, Jan 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 Mon, Dec 30, 2013 and closes on Mon, Jan 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 Tue, Jan 21, 2014.
