Fixed Price IPO | ₹29 Cr | Listed at NSE SME | Mon, Sep 25, 2017 - Thu, Sep 28, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 25, 2017
IPO Close
Thu, Sep 28, 2017
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹107.96 Cr
| IPO Date | 25 to 28 Sep, 2017 |
| Listed on | Mon, Oct 9, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 63,78,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 3,24,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 43,54,000 shares (agg. up to ₹20 Cr) |
| Offer for Sale | 17,00,000 shares of ₹10 (agg. up to ₹8 Cr) |
| Net Offered to Public | 60,54,000 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 1,93,12,600 shares |
| Share Holding Post Issue | 2,39,90,600 shares |
| NSE Symbol | RKEC |
| ISIN | INE786W01010 |
RKEC Projects IPO comprises a total issue size of 63,78,000 shares. The net offer to the public is 60,54,000 shares, after excluding 3,24,000 shares allotted on a firm basis. Of the Net offer 30,27,000 (50.00%) allocated to NII 30,27,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,27,000 | 50.00% | 47.46% |
| Retail Shares Offered | 30,27,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,000 | 5.08% | |
| Total Shares Offered | 63,78,000 | 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 | ₹1,35,000 |
| 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.
| 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 | To Meet Working Capital Requirement | 15.00 |
| 2 | General Corporate Expenses | 3.95 |
The RKEC Projects IPO is subscribed [.] times on September 28, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and payment to other intermediaries such as Legal Advisors, Registrars, etc | 1.38 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses including selling commissions, brokerages, | 1.44 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹54.00 |
| Low | ₹54.00 |
| High | ₹54.00 |
| Last Trade | ₹54.00 |
Lead Manager Reports
RKEC Projects IPO is a SME IPO of 63,78,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 25, 2017, and closes on Thu, Sep 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 Mon, Sep 25, 2017 and closes on Thu, Sep 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 Mon, Oct 9, 2017.
