Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
RKEC Projects IPO is a fixed price issue of ₹28.70 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹21.05 crores and offer for sale of 0.17 crore shares aggregating to ₹7.65 crores.
RKEC Projects IPO bidding started from Sep 25, 2017 and ended on Sep 28, 2017. The shares got listed on NSE SME on Oct 9, 2017.
RKEC Projects IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to RKEC Projects IPO RHP for detailed Information.
| IPO Date | September 25, 2017 to September 28, 2017 |
| Listing Date | October 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 63,78,000 shares (aggregating up to ₹28.70 Cr) |
| Reserved for Market Maker | 3,24,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.46 Cr) |
| Fresh Issue (Ex Market Maker) | 43,54,000 shares (aggregating up to ₹19.59 Cr) |
| Offer for Sale | 17,00,000 shares of ₹10 (aggregating up to ₹7.65 Cr) |
| Net Offered to Public | 60,54,000 shares (aggregating up to ₹27.24 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,93,12,600 shares |
| Share Holding Post Issue | 2,39,90,600 shares |
RKEC Projects IPO offers total 63,78,000 shares. Out of which 30,27,000 (47.46%) allocated to NII, 30,27,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,24,000 (5.08%) |
| NII (HNI) Shares Offered | 30,27,000 (47.46%) |
| Retail Shares Offered | 30,27,000 (47.46%) |
| Total Shares Offered | 63,78,000 (100.00%) |
RKEC Projects IPO opens on September 25, 2017, and closes on September 28, 2017.
| IPO Open Date | Mon, Sep 25, 2017 |
| IPO Close Date | Thu, Sep 28, 2017 |
| Tentative Listing Date | Mon, Oct 9, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 28, 2017 |
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 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2005, RKEC Projects Limited operates as an infrastructure civil engineering construction company in India. They are mainly engaged in the business of Civil Construction such as construction of Highways, roads and bridges. The company involved in designing and undertaking construction projects which include bridges, ports, dams, high-rise structures, airports, cross water, roads, highways, oil and gas pipelines, and environmental structures.
They have completed projects for diverse range of clients including Defence sector, Railways, Ports, Adani Port, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited and ESSAR.
The Company RKEC Projects 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 | To Meet Working Capital Requirement | 15.00 |
| 2 | General Corporate Expenses | 3.95 |
[Dilip Davda] Investors may consider investment for short to long term in RKEC Projects NSE SME IPO. Read detail review...
| Listing Date | October 9, 2017 |
| BSE Script Code | |
| NSE Symbol | RKEC |
| ISIN | INE786W01010 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹54.00 |
| Low | ₹54.00 |
| High | ₹54.00 |
| Last Trade | ₹54.00 |
RKEC Projects Ltd.
Door No.10-12-1 Rednam Alcazar,
Old Jail Road,
Rednam Gardens,
Visakhapatnam, Andhra Pradesh, 530020
Phone: +91-891-2574517
Email: info@rkecprojects.com
Website: http://www.rkecprojects.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
RKEC Projects IPO is a SME IPO of 63,78,000 equity shares of the face value of ₹10 aggregating up to ₹28.70 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on September 25, 2017, and closes on September 28, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in RKEC Projects IPO using UPI as a payment gateway. Zerodha customers can apply in RKEC Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RKEC Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RKEC Projects IPO opens on September 25, 2017 and closes on September 28, 2017.
RKEC Projects IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in RKEC Projects 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 RKEC Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RKEC Projects IPO allotment status.
The RKEC Projects IPO listing date is on Monday, October 9, 2017.
Useful Articles
RHP