Vizag Steel Plant IPO

Hi I would like to have the information as well as the details for the IPO of Rashtriya Ispat Nigam Limited (RINL)?

Incorporated in 1982, Rashtriya Ispat Nigam Limited (RINL) is India based Steel maker. Rashtriya Ispat Nigam Ltd, otherwise called Vizag Steel, is a PSU under the Ministry of Steel. Rashtriya Ispat was allowed the 'Navratna' status by the Government of India in Nov 2010.

RINL creates more than 3.5 million tons of steel for each year through its plant situated at Visakhapatnam, Andhra Pradesh.

RINL is an obligation free organization with yearly turnover of Rs 14,457 Crore in 2011-12. Organization has focus of Rs 15,000 Cr turnover for 2012-13 monetary year.

Objects of the Issue:

The objects of the issue are to:

1. Do the disinvestment of 488,984,620 Equity Shares by the Selling Shareholder; and

2 To accomplish the advantages of posting the Equity Shares on the Stock Exchanges.

Issue Detail:

Issue Open:

Issue Type: Book Built Issue IPO

Issue Size: 488,984,620 Equity Shares of Rs 10 amassing up to Rs [.] Cr

Face Value: Rs 10 Per Equity Share

Issue Price: Rs - Rs Per Equity Share

Market Lot:

Least Order Quantity:

Posting At: BSE, NSE

5% Discount for Retail Bidders and Eligible Employees

The promoter of Rashtriya Ispat Nigam, has offered 5% rebate to retail financial specialists and qualified representatives in Rashtriya Ispat Nigam IPO shares. The Rashtriya Ispat Nigam IPO markdown will be pertinent on the cost settled for Rashtriya Ispat Nigam shares through this IPO.

Rashtriya Ispat Nigam IPO Grading

India Ratings and Research Private Limited has doled out an IPO Grade 4 ("IND 4") to Rashtriya Ispat Nigam IPO. This implies according to India Ratings and Research, organization has 'Better than expected Fundamentals'. The IPO reviewing is allocated on a five guide scale from 1 toward 5 with an "Initial public offering Grade 5" demonstrating solid basics and an "Initial public offering Grade 1" showing poor essentials.

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