Rashtriya Ispat Nigam Limited - IPO Details

Please find below mentioned the details of the forthcoming IPO ofRashtriya Ispat Nigam Limited 

  
BRLM:                                                        UBS Securities (I) Private Limited, Deutsche Equities (I) Private Limited
                                                                     

Syndicate Member                                      SMC Global Securities Ltd,Karvy Stock Broking Limited, 

Issue Opens:                                                October 15, 2012 

Issue closes 

For QIB Bidders:                                        October 17, 2012 

For Retail/Non Institutional and 
Eligible Employee Bidders:                         October 18, 2012 


Price Band:                                                  Will be announced within two working days prior to the issue Opening Date

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Retail/Employee Discount:                          A discount up to 5% on the Offer Price is being offered to Retail Individual  Bidders (“Retail Discount”) and to Eligible

                                                                                                                Employees Bidding in the Employee Reservation Portion (the “Employee Discount”). Eligible Employees and Retail

                                                                   Individual Bidders should note that the benefit of the Retail Discount and Employee Discount can be availed at the 
                                                                                    time of submitting the Bid.
                                                                                                                      
Lot Size:                                                      Will be announced within two working days prior to the issue Opening Date
                                                     

Registrar:                                                     Karvy Computershare Pvt. Ltd.
 
 Retail Appl Size:                                         Rs.2,00,000/-

Issue Size:                                                   488,984,620 Equity Shares of face value Rs.10/- each through offer for sale by the President of India, Acting

                                                                   through the Ministry of Steel, Govt. of India. 10% of Post offer paid-up Equity Share Capital

Employee Reservation:                               48,898,462 Equity Shares for Eligible Employees

Net Issue:                                                    440,086,158 Equity Shares   

QIB Book:                                                  220,043,079 Equity Shares (50% of Net issue size) 
Retail Book:                                               154,030,155 Equity Shares (35% of Net issue size)
HNI Book:                                                 66,012,924 Equity Shares (15% of Net issue size)

Listing:                                                       NSE & BSE

IPO Grading:                                              “IPO Grade 4/5” by India Rating & Research P. Ltd

* In case of over-subscription in the Retail Portion, the Selling Shareholder and the Company, in consultation with the BRLMs, may, at their sole discretion, decide to allocate up to 50% (but in no event less than 35%)of the Net Offer to Retail Individual Bidders. In case of such increased allocation to Retail Individual Bidders, the allocation in the QIB Portion will be proportionately reduced.