IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size28,80,000 shares (aggregating up to ₹11.52 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 30 Dec 2013
Subscription CloseMon, 06 Jan 2014
Anchor AllotmentSun, 29 Dec 2013
Basis of AllotmentSun, 12 Jan 2014
Initiation of RefundsMon, 13 Jan 2014
Credit of Shares to DematMon, 13 Jan 2014
Listing DateTue, 21 Jan 2014
UPI Mandate Deadline2014-01-06
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public27,36,000 shares (aggregating up to ₹10.94 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.5760 Cr)
Pre-IPO Promoter Holding80,19,415 shares
Post-IPO Promoter Holding1,08,99,415 shares
About RCI Industries & Technologies Ltd.
Incorporated in 1992, RCI Industries and Technologies Ltd (RCIITL) is engaged in the sphere of offering and exporting Copper Wires which include Annealed Copper Wire, Bunched Copper Wire Ropes and Copper Ingots, which are used in different electrical and industrial applications.RCIITL is a diversified turnover conglomerate and are committed towards high quality products & credit with several innovations over last twenty one years. In past few years the company has consolidated its position through successful forays into diversified sectors like trading of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot, scrap, power cables and other related items used in various electrical and industrial applications. Company also exports Indian Handicrafts especially metal based. RCIITL operates as an important intermediary in the Metals Supply Chain whereby it import/purchase materials such as Annealed/Un-Annealed Copper Wires, Bunched Copper Wires, Aluminium Wires etc. from various suppliers and supply the same to customers in the Metal Business. It offers a diversified product range which includes variety of grades, thickness, widths and standards, in of all types of ferrous and Non ferrous Metals according to customer specifications.
Objects of the Issue
RCI Industries & Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
9.00
2
2 General Corporate Purposes
1.97
Shareholding & Lock-in
Pre-IPO Promoter Holding
80,19,415 shares
Post-IPO Promoter Holding
1,08,99,415 shares