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Open
8 Jul 2005
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Close
14 Jul 2005
3
Allotment
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Listing
Tue, Aug 2, 2005
Price Band
₹20 to ₹22
Issue Size
2,00,00,000 shares (agg. up to ₹44 Cr)
Listing Date
Tue, Aug 2, 2005
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 9.23x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 229.82 | 147.55 | 10.03 |
| Total Income | 239.86 | 43.69 | 0.00 |
| Profit After Tax | 12.40 | 3.27 | -0.01 |
| NET Worth | 61.55 | 41.24 | 4.43 |
| Reserves and Surplus | 15.62 | 3.26 | -0.01 |
| Total Borrowing | 83.90 | 59.12 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| 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 | To part finance the Integrated Steel Plant comprising Phase I (Mini Blast Furnace, TMT Bars & Wire Rod Mill, Sponge Iron Plant – already commissioned) and Phase II (40 MW Captive Power Plant, Steel Melting Shop with Billet Caster, Coal Washery Plant – under implementation) | 84.51 |
| 2 | To fund Phase II project expenses of the integrated steel plant | 200.56 |
| 3 | To meet the public issue expenses | 3.64 |
| 4 | To utilize funds for general corporate purposes | 15.74 |
| Total | 304.45 |
About Shri Ramrupai Balaji Steels IPO
Shri Ramrupai Balaji Steels Limited is engaged in the manufacturing and processing of steel products, primarily catering to the construction and infrastructure sectors. The company focuses on producing high-quality steel materials such as TMT bars and other structural steel products that are widely used in residential, commercial, and industrial projects. It operates with an emphasis on quality control, efficient production processes, and adherence to industry standards. The company aims to strengthen its market presence by expanding its production capacity, improving operational efficiency, and meeting the growing demand for steel driven by infrastructure development in India.+ Read More
Contact Details
Shri Ramrupai Balaji Steels Ltd. Address5, Bentinck Street1st FloorKolkata, West Bengal, 70000191 33 2248-8173ipo@jaibalajigroup.comVisit Website