Reliance Naval & Engineering Ltd IPO

Closed

Subscription Details

  • Open Date 16 Sep
  • Close Date 18 Sep
  • Lot Size 110
  • IPO Size ₹ 498.67 Cr
  • IPO Price Range ₹ 58
  • Min Investment ₹ 6380

Reliance Naval & Engineering Ltd IPO Timeline

Open Date
16 Sep
Close Date
18 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 85,450,225 equity shares of Rs. 10 each (equity shares) of Pipavav Shipyard Limited (the company or the issuer) for cash at the issue price of Rs. 58 per equity share for the investors other than the Anchor Investors and at the issue price of Rs. 60 per equity share for the Anchor investors, aggregating Rs. 498.67 Crores (The Issue). The issue will constitute 12.83% of the post-issue equity share capital of the company. Up to 600,000 equity shares of Rs. 10 each will be reserved in the issue for subscription by employees (As specifically defined herein in the section Definitions and abbreviations) at the issue price (the employee reservation portion). The issue less the employee reservation portion shall be hereinafter referred to as the net issue. The Net issue will constitute 12.74% of the post-issue equity share capital of the company. The Issue Price is Rs. 58 per equity share. The Face value of the equity shares is Rs. 10 each and the issue price is 5.8 times the face value (For the anchor investors, the issue price is Rs. 60 per equity share, which is 6 times the face value)

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 Reliance Naval & Engineering Ltd IPO

Open Demat Account