10 Oct 07 Rathi Bars Limited IPO : Rathi Bars IPO opens on 18th

Rathi Bars Limited is all set to tap the Indian capital markets with an IPO. Rathi Bars Limited IPO will open for subscription on 18 October 2007 and will close for subscription on 23 October 2007. Rathi Bars Limited is a leading manufacturer of steel bars in India. Rathi Bars Limited is promoted by the Rathi family with the majority stake being owned by Kamlesh Rathi, Anurag Rathi, Anupam Rathi and other Rathi family members. The IPO issue size of Rathi Bars IPO is pretty small at Rs. 25 crores. As per the DRHP, Rathi Bars Limited will use the funds generated in the IPO to fund expansion programmes and increase production capacity. Analysts have recommeded to skip the Rathi Bars IPO since there are other companies in the Rathi group which are in the same line of business. This might cause conflict of interest and inter-group competition which is not good for Rathi Bars Limited.

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Reader's Comments

1. ARPIT | 17 Oct 2007 8:17 am

   pls send last 5 year balance sheet on my e.mail

2. Chocks | 18 Oct 2007 4:36 am

   How abt the market expectation of this steel bar company?

3. D NAVEEN KUMAR | 18 Oct 2007 8:16 am

   pls send last 5 year balance sheet on my e.mail

4. MITHLESH CHAUHAN | 27 Oct 2007 9:37 am

   Could you please inform me of subscription details of Rathi IPO and its listing date. Pl. also mail its listing gains. Thanks

5. sharad | 01 Nov 2007 12:01 am

   Could you please inform me of subscription details of Rathi IPO and its listing date. Pl. also mail its listing gains. Thanks

6. Aman sharma | 15 Nov 2007 5:23 am

   Need Rathi Bar IPO status for application number 8510083.

   Thanks

7. Sreekanta | 16 Nov 2007 4:43 am

   Can I know the Rathi Bars IPO allotment status and has it been listed?
   Thanks.

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