IPO Issue Details
Issue Price / Price Band₹45 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size63,78,000 shares (aggregating up to ₹28.70 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 25 Sep 2017
Subscription CloseThu, 28 Sep 2017
Anchor AllotmentSun, 24 Sep 2017
Basis of AllotmentWed, 04 Oct 2017
Initiation of RefundsThu, 05 Oct 2017
Credit of Shares to DematThu, 05 Oct 2017
Listing DateMon, 09 Oct 2017
UPI Mandate Deadline2017-09-28
Application & Investment Details
Retail — Min (1 Lots)135000 — 3000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)270000 — 6000 shares
Net Offer to Public60,54,000 shares (aggregating up to ₹27.24 Cr)
Reserved for Market Maker3,24,000 shares (aggregating up to ₹1.46 Cr)
Pre-IPO Promoter Holding1,93,12,600 shares
Post-IPO Promoter Holding2,39,90,600 shares
About RKEC Projects Ltd.
Incorporated in 2005, RKEC Projects Limited operates as an infrastructure civil engineering construction company in India. They are mainly engaged in the business of Civil Construction such as construction of Highways, roads and bridges. The company involved in designing and undertaking construction projects which include bridges, ports, dams, high-rise structures, airports, cross water, roads, highways, oil and gas pipelines, and environmental structures.They have completed projects for diverse range of clients including Defence sector, Railways, Ports, Adani Port, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited and ESSAR.
Objects of the Issue
RKEC Projects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
15
2
General Corporate Expenses
3.95
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,93,12,600 shares
Post-IPO Promoter Holding
2,39,90,600 shares