Bookbuilding IPO | ₹44 Cr | Listed at BSE, NSE | Fri, Jul 8, 2005 - Thu, Jul 14, 2005
Shri Ramrupai Balaji Steels IPO is a book build issue of ₹44.00 crores. The issue is entirely a fresh issue of 2.00 crore shares of ₹44.00 crore.
Shri Ramrupai Balaji Steels IPO bidding started from Jul 8, 2005 and ended on Jul 14, 2005. The shares got listed on NSE and BSE on Aug 2, 2005.
Shri Ramrupai Balaji Steels IPO is set final issue price at ₹22 per share.
Microsec Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Shri Ramrupai Balaji Steels IPO DRHP for detailed Information.
IPO Open
Fri, Jul 8, 2005
IPO Close
Thu, Jul 14, 2005
Issue Price
₹22 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 8 to 14 Jul, 2005 |
| Listed on | Tue, Aug 2, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹20 to ₹22 |
| Issue Price | ₹22 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,00,00,000 shares (agg. up to ₹44 Cr) |
| Fresh Issue | 2,00,00,000 shares (agg. up to ₹44 Cr) |
| Share Holding Pre Issue | 4,60,00,000 shares |
| Share Holding Post Issue | 6,60,00,000 shares |
| BSE Script Code / NSE Symbol | 532655 / BALASTEELS |
| ISIN | INE977G01018 |
Shri Ramrupai Balaji Steels IPO comprises a total issue size of 2,00,00,000 shares. The net offer to the public is 1,90,00,000 shares, after excluding 10,00,000 shares under a preferential allotment. Of the Net offer 95,00,000 (50.00%) are allocated to QIB, 47,50,000 (25.00%) allocated to NII 47,50,000 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 95,00,000 | 50.00% | 47.50% |
| NII (HNI) Shares Offered | 47,50,000 | 25.00% | 23.75% |
| Retail Shares Offered | 47,50,000 | 25.00% | 23.75% |
| Preferential Reservations | |||
| Employee Shares Offered | 10,00,000 | 5.00% | |
| Total Shares Offered | 2,00,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Shri Ramrupai Balaji Steels Limited is engaged in the manufacturing and processing of steel products, primarily catering to the construction and infrastructure sectors.
The company focuses on producing high-quality steel materials such as TMT bars and other structural steel products that are widely used in residential, commercial, and industrial projects.
It operates with an emphasis on quality control, efficient production processes, and adherence to industry standards.
The company aims to strengthen its market presence by expanding its production capacity, improving operational efficiency, and meeting the growing demand for steel driven by infrastructure development in India.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 229.82 | 147.55 | 10.03 |
| Total Income | 239.86 | 43.69 | 0.00 |
| Profit After Tax | 12.40 | 3.27 | -0.01 |
| NET Worth | 61.55 | 41.24 | 4.43 |
| Reserves and Surplus | 15.62 | 3.26 | -0.01 |
| Total Borrowing | 83.90 | 59.12 | 0.00 |
| 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 part finance the Integrated Steel Plant comprising Phase I (Mini Blast Furnace, TMT Bars & Wire Rod Mill, Sponge Iron Plant – already commissioned) and Phase II (40 MW Captive Power Plant, Steel Melting Shop with Billet Caster, Coal Washery Plant – under implementation) | 84.51 |
| 2 | To fund Phase II project expenses of the integrated steel plant | 200.56 |
| 3 | To meet the public issue expenses | 3.64 |
| 4 | To utilize funds for general corporate purposes | 15.74 |
| Total | 304.45 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 20.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 69.69% |
The Shri Ramrupai Balaji Steels IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 9.23 | 2,00,00,000 | 18,46,95,000 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of BRLMs, Syndicate Members | 0.44 |
| 2 | Registrar, Legal Advisor, Auditors, Tax Auditors, etc. | 0.07 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.85 |
| 4 | Underwriting Commission | 0.44 |
| 5 | Brokerage & Selling Commission | 0.66 |
| 6 | Advertisement & Marketing Expenses | 0.75 |
| 7 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.38 |
| 8 | Contingencies | 0.05 |
| Total | 3.64 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹22.00 | ₹22.00 |
| Open | ₹27.20 | ₹29.00 |
| Low | ₹23.10 | ₹23.30 |
| High | ₹27.20 | ₹29.00 |
| Last Trade | ₹23.65 | ₹23.75 |
Shri Ramrupai Balaji Steels IPO is a main-board IPO of 2,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹44 Crores. The issue is priced at ₹22 per share. The minimum order quantity is .
The IPO opens on Fri, Jul 8, 2005, and closes on Thu, Jul 14, 2005.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shri Ramrupai Balaji Steels IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Ramrupai Balaji Steels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shri Ramrupai Balaji Steels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shri Ramrupai Balaji Steels IPO opens on Fri, Jul 8, 2005 and closes on Thu, Jul 14, 2005.
Shri Ramrupai Balaji Steels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shri Ramrupai Balaji Steels 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 Shri Ramrupai Balaji Steels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shri Ramrupai Balaji Steels IPO allotment status.
The Shri Ramrupai Balaji Steels IPO listing date is on .
