Incorporated in 1982, Rashtriya Ispat Nigam Limited (RINL) is India based Steel manufacturer. Rashtriya Ispat Nigam Ltd, also known as Vizag Steel, is a PSU under the Ministry of Steel. Rashtriya Ispat was granted the 'Navratna' status by the Government of India in Nov 2010.
RINL produces over 3.5 million tons of steel per year through its plant located at Visakhapatnam, Andhra Pradesh.
RINL is a debt free company with annual turnover of Rs 14,457 Crore in 2011-12. Company has target of Rs 15,000 Cr turnover for 2012-13 financial year.
The objects of the issue are to:
1. Carry out the disinvestment of 488,984,620 Equity Shares by the Selling Shareholder; and
2 To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
IPO Opening Date | |
IPO Closing Date | |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | [.] to [.] per equity share |
Market Lot | |
Min Order Quantity | |
Listing At | BSE, NSE |
Issue Size | 488,984,620 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
The promoter of Rashtriya Ispat Nigam, has offered 5% discount to retail investors and eligible employees in Rashtriya Ispat Nigam IPO shares. The Rashtriya Ispat Nigam IPO discount will be applicable on the price fixed for Rashtriya Ispat Nigam shares through this IPO.
India Ratings & Research Private Limited has assigned an IPO Grade 4 ("IND 4") to Rashtriya Ispat Nigam IPO. This means as per India Ratings & Research, company has 'Above Average Fundamentals'. The IPO grading is assigned on a five point scale from 1 to 5 with an "IPO Grade 5" indicating strong fundamentals and an "IPO Grade 1" indicating poor fundamentals.
Date: 09th Oct 2012
Rashtriya Ispat Nigam (RINL) has been postponed for the 3rd time. The PSU IPO was planned to open on Oct 15th to sell 10% government of India stakes in the company.
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Rashtriya Ispat Nigam Ltd
Administrative Building,
Visakhapatnam Steel Plant,
Visakhapatnam, Andhra Pradesh.
Phone: 91 891 275 9482
Email: csipo@vizagsteel.com
Website: http://www.vizagsteel.com
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: murali@karvy.com
Website: https://karisma.kfintech.com/
Rashtriya Ispat Nigam IPO is a main-board IPO of 488,984,620 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .
The Rashtriya Ispat Nigam IPO open and close dates are not available as of now.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Rashtriya Ispat Nigam IPO dates are not announced. Please check back again after some time.
Rashtriya Ispat Nigam IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Rashtriya Ispat Nigam IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rashtriya Ispat Nigam IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rashtriya Ispat Nigam IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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