Rashtriya Ispat Nigam Ltd IPO (Rashtriya Ispat Nigam IPO) Detail

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.

Objects of the Issue:

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.

Rashtriya Ispat Nigam IPO Details

IPO Opening Date
IPO Closing Date
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
Issue Size488,984,620 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

5% Discount for Retail Bidders and Eligible Employees

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.

Rashtriya Ispat Nigam IPO Grading

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.

IPO Notices

External Link

RINL IPO postponed for the 3rd time

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.

Rashtriya Ispat Nigam IPO Prospectus

Rashtriya Ispat Nigam IPO Rating

1
4.0
Rating:Rated 4.0 stars

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Rashtriya Ispat Nigam IPO Reviews / Ratings

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Company Contact Information

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

Rashtriya Ispat Nigam IPO Registrar

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 FAQs

  1. What is Rashtriya Ispat Nigam IPO?

    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.

  2. When Rashtriya Ispat Nigam IPO will open?

    The Rashtriya Ispat Nigam IPO dates are not announced. Please check back again after some time.

  3. What is the lot size of Rashtriya Ispat Nigam IPO?

    Rashtriya Ispat Nigam IPO lot size and the minimum order quantity is not available at this time. Please check again later.

  4. How to apply for Rashtriya Ispat Nigam IPO?

    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.

  5. When Rashtriya Ispat Nigam IPO allotment?

    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.

  6. When is Rashtriya Ispat Nigam IPO listing date?

    The Rashtriya Ispat Nigam IPO listing date is not yet announced. The tentative date of Rashtriya Ispat Nigam IPO listing is [.].

Rashtriya Ispat Nigam IPO Message Board

Ranked Members  Ranked Members

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14. Forum Modulator |Jan 10, 2017 05:29
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13. Abc |Nov 23, 2016 23:06
Is this new ipo
12. Dilip Davda |Oct 18, 2012 20:35
Why no info on Bronze Infra-Tech Ltd.-BSE SME IPO uploaded so far....

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

11. shafin rupani |Oct 10, 2012 21:19
Buy DYNATECH (534674) @ 4.10 target 8 to 10 rs in one month.

Book Value is rs 25

Eps is rs 6
11.1. kt |Oct 13, 2012 19:00
shafin , dynatech is 3.75 . Y u want all of us to buy . any specific reason ......
10. Shah Chintan |Oct 10, 2012 10:25
Rashtriya Ispat Nigam Ltd (RINL) IPO 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.
While the exact reason to defer the IPO was not disclosed by the finance minister P Chidambaram, sources said that the merchant bankers had suggested a price band of Rs 15-17 for RINL shares, which was not acceptable to the Ministry of Steel. The Ministry insisted that the share price should be above the book value of Rs 22.
This is the 3rd time when RINL IPO is deferred and surly a setback to the disinvestment program of Government of India plans to raise Rs 30,000 Cr though stock sells in PSU’s. The RINL IPO was first to kick start the disinvestment program.
No further detail is provided by finance ministry on the future plans for RINL IPO.
9. T.Dilip |Oct 10, 2012 09:47
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.
8. Dilip Davda |Oct 9, 2012 23:22
Market is not yet ripe for any expensive bet.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

7. Dilip Davda |Oct 9, 2012 23:20
This IPO is deferred till further notice. This shows that the current rally in secondary market is not illusive

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

6. hchc |Oct 9, 2012 18:52
RINL IPO may be deferred again according to very reliable sources.
The reason is low valuation given by merchant bankers.
They are giving a valuation that is 15% below its book value .
5. hchc |Oct 9, 2012 16:48
RINL may give decent returns of around 15-20 %
one should apply as market sentiments look good and also this time government will leave something (15-20%) on table for retail investors to bring them back into confidence as they have divestment target of 30000 crore for this year and now only 6 months are remaining.
4. Shah Chintan |Oct 9, 2012 13:06
IPO FORMS ARE AVAIBLES..
3. PC |Oct 9, 2012 11:02
Price Band of RINL please.....
2. Shah Chintan |Oct 9, 2012 10:53
PRICE BAND NEAR 20 TO 25
PLUS 5% DISCOUNT
1. poweripo |Oct 9, 2012 00:24
i opened this message board,hope it will give some profits







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