Kolkata based Ramsarup Lohh Udyog Limited is planning to go for an Public issue of 3,00,00,000 equity shares of Rs. 10 each for cash at a premium which is to be decided later in the book building process. Net offer to the Public would be 2,70,00,000 equity shares which would constitute 39.17% of the fully diluted post issue paid up capital of the company.
Ramsarup Lohh Udyog has recently filed draft with SEBI and is waiting for the approval from the regulatory authority.
The Main Objects of the Ramsarup IPO are:
To finance the Integrated Steel Plant consisting of the following modules:
a. 350 cubic meter Mini Blast Furnace to produce Hot Metal /Pig Iron
b. 500 TPD Direct Reduced Iron Plant to produce Sponge Iron
c. Steel Melting Shop with a 70 MT Electric Arc Furnace with Ladle Refining & Billets Caster to
produce steel Billets
d. 20 MW Co–generating Captive Power Plant
e. Air Separation Plant to produce Oxygen, Nitrogen & Argon for Captive use
f. 90 m3 Sinter Plant to produce Sinter Ore
Book Running Lead mangers to the Ramsarup Lohh Udyog IPO are Microsed Capital Limited and Religare Securities Limited. Registrar for the Ramsarup Lohh Udyog IPO is Intime Spectrum Registry Limited. Post IPO the shares would be listed on BSE and NSE where as BSE is the designated stock exchange for this issue.
For more information on Ramsarup IPO read the Ramsarup Lohh Udyog IPO Draft Propectus
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when is Ramsarup IPO coming
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