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RKEC Projects Ltd IPO

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Initial public issue of 63,78,000 equity shares of face value of Rs. 10 each (equity shares) of RKEC Projects Limited (company or issuer) for cash at a price of Rs.45 per equity share (including a share premium of Rs. 35 per equity share) (issue price) aggregating to Rs. 28.70 crores (issue) consisting of a fresh issue of 46,78,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 45 per equity share aggregating to Rs. 21.05 crores (issue) and 17,00,000 equity shares of face value of Rs. 10 each (equity shares) for cash at a price of Rs. 45 per equity share aggregating to Rs. 7.65 crores through an offer for sale by Mr. Radhakrishna Garapati (referred as selling shareholder & promoter) of which 3,24,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 45 per equity share, aggregating to Rs. 1.46 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 60,54,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 45 per equity share aggregating to Rs. 27.24 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 26.59% and 25.23%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.45 The issue price is 4.5 times of the face value.

RKEC Projects Ltd IPO Subscription Details

Company

RKEC Projects Ltd

Issue Type

Fixed Price - SME

Open Date

25 Sep

Close Date

28 Sep

Offer Price

45.00

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  • Enter the number of lots and price at which you wish to apply for
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  • Approve the block request

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Contact Details of RKEC Projects Ltd IPO

Company Contact Information

RKEC Projects Ltd IPO
Door No.10-12-1 Rednam Alcazar,
Old Jail Road Rednam Gardens,
Visakhapatnam, Andhra Pradesh 530020.

Phone: 91-891-2574517
Email: info@rkecprojects.com

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RKEC Projects Ltd IPO Lead Manager(s)

  • Hem Securities Ltd

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