Rashtriya Ispat Nigam Ltd IPO


Subscription Details

  • Open Date 15 Oct
  • Close Date 18 Oct
  • Lot Size 0
  • IPO Size ₹ NA Cr
  • IPO Price Range ₹ 0
  • Min Investment ₹ 0

Rashtriya Ispat Nigam Ltd IPO Timeline

Open Date
15 Oct
Close Date
18 Oct
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

Public offer of 488,984,620 equity shares of face value of Rs. 10 each (Equity Shares) of Rashtriya Ispat Nigam Limited (RINL or The Company) through an offer for sale by The President of India, acting through the Ministry of Steel, Government of India (The Selling Shareholder) for cash at a price of Rs. [*]~ per equity share aggregating up to Rs. [*] crores (The Offer). The offer comprises a net offer to public of 440,086,158 equity shares (The Net Offer) and A reservation of 48,898,462 equity shares for subscription by eligible employees (The Employees Reservation Portion). The offer shall constitute 10% of the post offer paid-up equity share capital of the company and the net offer shall constitute 9% of the post offer paid-up equity share capital of the company. ~A discount up to 5% (equivalent to RS. [*]) on the offer price is being offered to Retail Bidders (Retail Discount) and to Eligible Employees (the Employee Discount). Eligible Employees and Retail Bidders should note that the benefit of the Retail Discount can be availed at the time of submitting the bid.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

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

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Rashtriya Ispat Nigam Ltd IPO

Contact Information


Administrative Building,
Visakhapatnam Steel Plant,
Visakhapatnam, Andhra Pradesh 530031

Open Demat Account