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Open
19 May 2006
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Close
25 May 2006
3
Allotment
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Listing
Thu, Jun 8, 2006
Price Band
₹50 to ₹55
Issue Size
1,96,00,000 shares (agg. up to ₹98 Cr)
Listing Date
Thu, Jun 8, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.21x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 13.49 | 13.39 | 14.95 |
| Total Income | 229.45 | 280.74 | 192.23 |
| Profit After Tax | 6.44 | 2.95 | 1.57 |
| NET Worth | 57.05 | 19.97 | 18.02 |
| Reserves and Surplus | 21.58 | 15.27 | 13.32 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kamdhenu Ispat Ltd. | Mainboard | ₹32.00 Cr | ₹25 | null | ₹45.75 | +83.00% | ₹32.66 (+4.41%) |
| Godawari Power & Ispat Ltd. | Mainboard | ₹70.43 Cr | ₹81 | null | ₹103.15 | +27.35% | ₹246.15 (-2.84%) |
| Gallantt Metal Ltd. | Mainboard | ₹37.12 Cr | ₹10 | 110.05 | ₹14.35 | +43.50% | ₹685.95 (-0.70%) |
| Ramsarup Industries Ltd. | Mainboard | ₹30.00 Cr | ₹60 | null | ₹83.45 | +39.08% | (+0.00%) |
| Shri Ramrupai Balaji Steels Ltd. | Mainboard | ₹44.00 Cr | ₹22 | null | ₹23.75 | +7.95% | (+0.00%) |
| MSP Steel & Power Ltd. | Mainboard | ₹16.00 Cr | ₹10 | null | ₹15.00 | +50.00% | ₹37.19 (+0.30%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Steel Plant : Orissa Project | 209.65 |
| 2 | Ghaziabad Project | 35.50 |
| 3 | Expansion Project : Ghaziabad Project | 6.31 |
| 4 | Diversification Project : Ghaziabad Project | 29.19 |
| 5 | Long Term Working Capital Requirement | 22.92 |
| 6 | Expenses | 4.70 |
| 7 | Other Corporate Needs | 5.00 |
| Total | 313.27 |
About Rathi Udyog FPO
Rathi Udyog Limited was an Indian steel manufacturing company operating in the iron and steel industry, particularly focused on construction-grade steel products such as reinforcement bars (rebars). The company was part of the well-known Rathi Group, which has a long legacy in the Indian steel sector dating back several decades. It played a significant role in supplying steel products to the construction industry and was among the early adopters of advanced steel technologies in India. The Company started its operations with manufacturing Steel bars using TOR Technology and later upgraded the product quality by adopting Thermex Technology in 2001. The company has two manufacturing plants: one in Ghaziabad, located in Industrial Area No. 1 near G.T. Road, about 10–12 km from the Delhi border with good road and rail connectivity; and another in Sambalpur, Orissa (village Potapally-Sikirdi), around 3–4 km from the Mumbai–Kolkata National Highway, also well connected by road and rail. Products: Existing Products: CTD and TMT steel bars used for reinforced concrete structures like buildings, bridges, roads, and foundations. Key advantages include higher yield strength, better bonding, a
Contact Details
Rathi Udyog Ltd. Address1/3, Khirki VillageMalviya NagarNew Delhi, New Delhi, 110017011-32461949investors@rathiudyog.inVisit Website