Rathi Bars IPO : Rathi Bars Limited IPO opens on 18th October

Rathi Bars Limited involved in Iron and Steel manufacutring business, is all set to the enter the capital markets on 18th October with an issue size of 71.43 lakh equity shares at Rs 10 each.

Rathi Bars to fund its expansion plans will raise Rs 25 crore through the IPO with a cash price of Rs 35 each which includes a premium of Rs 25 per equity share. The IPO will constitute 43.74% of the fully dilluted post issue paid up capital of the company.

Rathi Bars IPO Dates : The issue would open on 18th October 2007 and close on 23rd October 2007.

Company Overview : The Company is presently involved in the business of manufacturing Steel Bars, which is used in the Construction of Multistoried Buildings, Dams, bridges, flyovers, and power plants as a basic reinforcement material. The company’s production capacity is about 70,000 tonnes per anum with a capacity utilisation fo 95 per cent and the company through the IPO proceeds would raise the production capacity to 1 Lakh tonnes per annum.

Objectives of the Rathi Bar IPO

1. Expansion and modernisation including.
2. Purchase of plant and machinery.
3.  Building and civil works.
4. Requirement of working capital.
5. Preliminary expenses.

Book running lead manager to the Rathi Bars Limited IPO is Chartered Capital and Investment Limited where as the Registrar for the Rathi Bars IPO is MAS Services Limited.

Rathi Bars IPO Listing : The equity shares issued through this IPO are proposed to be listed on the Bombay Stock Exchange of India .

For more information regarding the Subscription details and Allotment of Indian IPOs do check this blog regularly.

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