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IPO Details


RKEC Projects Ltd
Registered Office: Door No.10-12-1 Rednam Alcazar, Old Jail Road Rednam Gardens, Visakhapatnam - 530020, Andhra Pradesh
Phone: 91-891-2574517
Email: info@rkecprojects.com
Website: www.rkecprojects.com
Initial public issue of 63,78,000 equity shares of face value of Rs. 10 each (equity shares) of RKEC Projects Limited (company or issuer) for cash at a price of Rs.45 per equity share (including a share premium of Rs. 35 per equity share) (issue price) aggregating to Rs. 28.70 crores (issue) consisting of a fresh issue of 46,78,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 45 per equity share aggregating to Rs. 21.05 crores (issue) and 17,00,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 45 per equity share aggregating to Rs. 7.65 crores through an offer for sale by Mr. Radhakrishna Garapati (referred as selling shareholder & promoter) of which 3,24,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 45 per equity share, aggregating to Rs. 1.46 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 60,54,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 45 per equity share aggregating to Rs. 27.24 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.59% and 25.23%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.45 The issue price is 4.5 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Sep-2017 28-Sep-2017 45.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
()Cr. Lead Managers to the Issue
Project Cost 21.05 Hem Securities Ltd
Project Financed through Current Offer 28.70
Post Issue Equity Share Capital 23.99
Issue Price 45.00
Projects
To meet working capital requirement
General corporate expenses
Promoted By
Radhakrishna Garapati
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd

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