Readymade Steel India Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 13th July 2011. The IPO was open between 27th June 2011 to 29th Jun 2011. The price band was Rs 90 to Rs 108 and the Issue Price was fixed at the upper level of the price band, Rs 108 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 34.75 Crore. Readymade Steel India Limited is in the business of steel service provider to the infrastructure sector. The company provide customised, prefabricated steel for various infrastructure projects
IPO Listing Detail :-
Listing Date: 13th July 2011
BSE Scrip Code : 533482
NSE Symbol :
Listing In : ‘B’ Group of Securities
ISIN : INE524L01018
Issue Price : Rs. 108.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized for part finance the cost of enhancing the capacity at Raigad, Maharashtra and the cost of setting up of new facilities near New Delhi and Raipur, to meet the pre-operative expenses including Issue expenses, to meet margin money requirements of working capital and to meet general corporate purposes.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead manager (BRLM) to the issue is Arihant Capital Markets Limited.
Registrar of the Issue : Bigshare Services Pvt Limited, Mumbai
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