Issue Detail:
»» Issue Open: Oct 15, 2012 - Oct 18, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 488,984,620 Equity Shares of Rs. 10
»» Issue Size: Rs. [.] Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE


Incorporated in 1982, Rashtriya Ispat Nigam Limited (RINL) is India based Steel manufacturer. Rashtriya Ispat Nigam Ltd, also known as Vizag Steel, is a PSU under the Ministry of Steel. Rashtriya Ispat was granted the 'Navratna' status by the Government of India in Nov 2010.

RINL produces over 3.5 million tons of steel per year through its plant located at Visakhapatnam, Andhra Pradesh.

RINL is a debt free company with annual turnover of Rs 14,457 Crore in 2011-12. Company has target of Rs 15,000 Cr turnover for 2012-13 financial year.

Objects of the Issue:
The objects of the issue are to:
1. Carry out the disinvestment of 488,984,620 Equity Shares by the Selling Shareholder; and
2 To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

5% Discount for Retail Bidders and Eligible Employees

The promoter of Rashtriya Ispat Nigam, has offered 5% discount to retail investors and eligible employees in Rashtriya Ispat Nigam IPO shares. The Rashtriya Ispat Nigam IPO discount will be applicable on the price fixed for Rashtriya Ispat Nigam shares through this IPO.