Analysis and Insights into the world of IPOs and investing in India

Wednesday, September 19, 2012

Rastriya Ispat Nigam IPO to hit the streets soon

The Initial Public Offering (IPO) of Rashtriya Ispat Nigam (RINL) is likely to hit the market in third week of October, most probably on October 16. The issue price would be finalised at a meeting of the Empowered Group of Ministers (EGoM), likely on October 8, and be made public the next day

Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, is an Indian government-owned steel producer. Based in Visakhapatnam, RINL has been awarded the Navaratna status, with accompanying autonomy of operations, due to its strong financial performance.

Stay tuned for more on Rashtriya Ispat Nigam Limited (RINL) IPO!

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