Public issue of 3217153 equity shares of Rs. 10/- each at a price of Rs. 108 per equity share (including a premium of Rs. 98 per equity share) for cash aggregating upto Rs. 34.75 crores (The "Issue"), by Readymade Steel India Limited (The "Company" or The "Issuer"). The issue will constitute 27.45% of the fully diluted post issue paid-up capital of the company.
Issue Price Rs 108/ per Equity Share of Face Value of Rs 10/ each
The issue price is 10.8 times of the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Jun-2011
29-Jun-2011
₹ 108.00
₹ 0.00
Minimum Application for shares in Nos : 60.0
Further Multiples of : 60.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
62.52
Arihant Capital Markets Ltd
Project Financed through Current Offer
34.75
Post Issue Equity Share Capital
11.72
Issue Price
₹108.00
Projects
To part finance the cost of enhancing the capacity