Rathi Bars IPO
Rathi Bars IPO — date, price band, lot size & details 2007
Rathi Bars listed on 23 Nov 2007 at ₹38, 8.6% above the ₹35 issue price.
Rathi Bars is a Delhi based maker of TMT steel bars using Thermex technology, sold in north India under the RATHI RBL brand. Its total income was Rs 194.43 crore in FY2007.
Stock price
Rathi Bars is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 18 Oct 2007
- Close 23 Oct 2007
- Allotment TBA
- Refund/credit TBA
- Listing 23 Nov 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 23 Oct, 2007 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 150 Shares |
| Issue Size | ₹25 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | Mas Services Limited |
| Min Investment | ₹ 5,250 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 150 shares at the ₹35 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹5,250 |
| Retail (max) | 38 | 5,700 | ₹1,99,500 |
| S-HNI (min) | 39 | 5,850 | ₹2,04,750 |
| S-HNI (max) | 190 | 28,500 | ₹9,97,500 |
| B-HNI (min) | 191 | 28,650 | ₹10,02,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 137.10 crore in FY2005 to Rs 194.43 crore in FY2007.
- 02Profit after tax rose from Rs 2.28 crore in FY2005 to Rs 6.03 crore in FY2007.
- 03EBITDA rose from Rs 4.32 crore in FY2005 to Rs 10.70 crore in FY2007.
- 04It had more than 800 dealers in north India; return on net worth was 22.91%.
Risks · 5
- 01Profit after tax was only Rs 6.03 crore on income of Rs 194.43 crore in FY2007, so margins were thin.
- 02Steel bar prices follow steel and scrap prices; profit was flat at Rs 5.72 crore in FY2006.
- 03Sales were concentrated in north India through its 800 dealers and depend on construction demand.
- 04It was a small company, raising only Rs 25 crore, against expansion costs of Rs 31.67 crore.
- 05Promoters held 100% before the issue and 56.26% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Rathi Bars offer document.
| Metric | 30 Jun 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 57.15 | 194.43 | 162.68 | 137.10 |
| Profit After Tax | 1.92 | 6.03 | 5.72 | 2.28 |
| EBITDA | 3.07 | 10.70 | 8.95 | 4.32 |
| NET Worth | 28.21 | 26.32 | 20.45 | 14.72 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Rathi Bars RHP.
Where the money goes
₹34.01 Cr of the issue is earmarked to named objects.
About the company
It has made steel bars since 1996 and is one of a few companies in north India using Thermex technology to make TMT bars.
Its products are sold under the RATHI RBL brand through more than 800 dealers in north India and its own marketing team.
The IPO was Rs 25 crore and was entirely a fresh issue at a fixed price of Rs 35. The money was for expanding and modernising its plant.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Rathi Bars IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Rathi Bars?
The current Grey Market Premium is ₹0.
What is the Rathi Bars IPO price band?
₹35, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 23 November 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Mas Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
