A discount of up to 5% on the offer price would be
offered to retail investors.
Rashtriya Ispat Nigam Ltd (RINL) has received the Securities
& Exchange Board of India’s (SEBI) approval to raise funds through an
initial public offer (IPO).
The PSU steel maker had filed its draft papers with SEBI for
the proposed public offer in September, 2104.
Under the proposed IPO, the central government would offload
about 48.90 crore shares through an offer for sale, of which 35% would be
reserved for retail investors and 50% for qualified institutional buyers.
A discount of up to 5% on the offer price would be offered
to retail investors.
No comments:
Post a Comment