Rashtriya Ispat Nigam IPO Latest News Today

Rashtriya Ispat Nigam IPO Details

Issue Open
Issue Close
IPO Price
Face Value ₹10
IPO Size
Listing At BSE, NSE
IPO Lot Size
  1. Rashtriya Ispat Nigam Rinl

    Sat, 06 Mar 2021 16:00:00 GMT

    State-owned steel maker Rashtriya Ispat Nigam's initial public offering (IPO) may take place by October, with the government likely to sell a 10 per cent stake in the company, according to a Steel ...

  2. JSW Steel Portfolio To Be Skewed In Favour Of Downstream, Specialty Products: Seshagiri Rao

    Tue, 06 Apr 2021 00:55:00 GMT

    Itís evaluating the option to bid in the divestment of Rashtriya Ispat Nigam Ltd., Neelachal Ispat Nigam Ltd., and Steel Authority of Indiaís plants. JSW Steel, however, is not in a hurry to cut down ...

  3. Opp raises concern over Govtís aggressive disinvestment plan

    Thu, 18 Mar 2021 17:01:00 GMT

    Countering her, Thakur said the Life Insurance Corporation (LIC) is not being privatised and an Initial Public Offering (IPO ... He said that Rashtriya Ispat Nigam Limited (RINL) has clocked ...

  4. Opposition in Lok Sabha raises concern over aggressive disinvestment, asset monetisation plan

    Thu, 18 Mar 2021 05:22:00 GMT

    Minister of State for Finance Anurag Singh Thakur said the Life Insurance Corporation (LIC) is not being privatised and an Initial Public Offering (IPO) is being planned ... He said that Rashtriya ...

  5. NBCC (India) signs MoU with Rashtriya Ispat Nigam

    Thu, 04 Mar 2021 07:39:00 GMT

    NBCC (India) has executed a MoU with Rashtriya Ispat Nigam (RINL) for redevelopment and monetization of 22.19 acres of Land Parcels at Maddilapalem, Visakhapatnam on 26 February 2021 on self ...

  6. Waiting for a boost

    Sat, 07 Dec 2019 02:52:00 GMT

    L&T Finance surprised the market with its Rs11.45bn IPO in July, but, despite a higher-than-expected ... SBI Capital and UBS as leads, while offerings for Rashtriya Ispat Nigam, which manufactures ...

  7. RINL privatisation forces steel major Posco to look for new plant locations

    Wed, 14 Apr 2021 03:16:00 GMT

    Months after the Cabinet Committee on Economic Affairs (CCEA) gave in-principle approval for 100 percent divestment of Centre's stake in Rashtriya Ispat Nigam Limited (RINL), the move has prompted ...

  8. Andhra observes bandh against steel plant privatisation move

    Sat, 06 Mar 2021 02:30:00 GMT

    The state supported bandh in Andhra Pradesh against the privatisation of the Rashtriya Ispat Nigam Limited turned out to be a success, particularly at the epicentre Vizag where educational ...

  9. RINL, NBC likely to go public in FY12: Govt

    Thu, 14 Dec 2017 05:35:00 GMT

    A collection of the most-viewed Moneycontrol videos.

  10. Rashtriya Ispat Nigam Rinl

    Sat, 06 Mar 2021 16:00:00 GMT

    State-owned steel maker Rashtriya Ispat Nigam's initial public offering (IPO) may take place by October, with the government likely to sell a 10 per cent stake in the company, according to a Steel ...

Rashtriya Ispat Nigam IPO Alerts

1. Rashtriya Ispat Nigam Ltd (RINL) IPO has been postponed  Tuesday, October 9, 2012 10:12:48 PM

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.

2. Upcoming IPO - Rashtriya Ispat Nigam Ltd  Monday, October 8, 2012 9:48:24 AM

Rashtriya Ispat Nigam Ltd is entering in the capital markets with an initial public offering, IPO of 488,984,620 Equity Shares of Rs 10 each. The price band for the issue has not been fixed yet and will be decide at least two working days prior to the offer opening date.

Rashtriya Ispat Nigam Limited (RINL) is second largest government owned 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 is a debt free company.

The issue opens on Oct 15, 2012 and closes for subscription on Oct 18, 2012. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). India Ratings & Research Private Ltd has been assigned the "IND 4" indicating above average fundamentals.

The promoter of Rashtriya Ispat Nigam, has offered upto 5% discount to retail investors and eligible employees in Rashtriya Ispat Nigam IPO shares.

Rashtriya Ispat Nigam IPO News & Events FAQs

  1. 1. When Rashtriya Ispat Nigam IPO expected date?

    The Rashtriya Ispat Nigam IPO is proposed to open on . The IPO application ends on .

  2. 2. How to purchase Rashtriya Ispat Nigam IPO?

    Retail investors can apply in the retail or non-institutional investor category from to . The Rashtriya Ispat Nigam IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).

  3. 3. When Rashtriya Ispat Nigam IPO will come?

    The Rashtriya Ispat Nigam IPO will open for subscription on . The public issue will close on .









Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App