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October 14, 2007

Rathi Bars Limited (RBL) IPO opening on Oct 18

Incorporated in 1993, Rathi Bars Limited (RBL) is a steel company involve in manufacturing TOR Steel under the brand name RATHI TOR. These steel bars are commonly used in the construction of multi-storied buildings, dams, bridges, flyovers, and power plants as a basic reinforcement material.

RBL is entering the capital markets with an initial public offering, IPO of 71,42,857 Equity Shares through a Fixed Price Issue.

The price for the issue has been fixed at Rs 35/- for equity share of Rs 10/-. The issue opens on October 18, 2007, and closes for subscription on October 23, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

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