RINL's IPO not linked to raising resources

The Rashtriya Ispat Nigam Ltd (RINL) proposal for an IPO is not linked to raising resources for its corporate requirements, its CMD said Sunday.

RINL gets Sebi's nod for IPO

State-run Rashtriya Ispat Nigam Ltd (RINL) has received market regulator Sebi's approval to raise funds through an initial public offer (IPO).

RINL IPO deferred as co still assessing damages due to Hudhud

"The new timeline for the IPO of RINL would be drawn up after the company ascertains the damage," an official said.

Govt to divest 10% in RINL; IPO prospectus filed with SEBI

Rashtriya Ispat Nigam Ltd (RINL) has filed a draft prospectus with market regulator SEBI for an initial public offer (IPO) through which the government will sell 10 percent of its stake in the company.

Govt may sell 10% stake in Rashtriya Ispat in Sept-October IPO

RINL, which produces 2.9 million tonnes of steel annually, is on the verge of completing a Rs 12,300 crore expansion programme.

RINL IPO will depend on market conditions: Steel Secretary

The public issue of state-owned steel maker RINL will depend on stock market conditions and is likely to take some more time, Steel Secretary G Mohan Kumar said here Monday.

RINL to go for financial restructuring for better IPO price

State-owned Rashtriya Ispat Nigam (RINL) has decided to initiate a slew of financial restructuring measures and merge a subsidiary with a view to getting better value through initial public offering (IPO).

RINL plans to raise up to Rs 6k cr in 3 yrs

"The process will begin from January, when the company will be raising about Rs 1,000 crore to fund current fiscals' capex requirements," a senior company official told PTI.

RINL issue deferred due to differences over price band

"The issue has been deferred," RINL Chairman and Managing Director A P Choudhary said.

EGoM to fix price band for RINL IPO today

An Empowered Group of Ministers will decide Tuesday on the price band of Rashtriya Ispat Nigam's initial public offer, which is scheduled to hit the capital market on October 16.

EGoM to fix price band for RINL IPO tomorrow

An Empowered Group of Ministers will decide tomorrow on the price band of Rashtriya Ispat Nigam's initial public offer, which is scheduled to hit the capital market on October 16.

RINL IPO to kickstart PSU disinvestment process this month

The Rs 2,500-crore initial public offering (IPO) of the state-run Rashtriya Ispat Nigam (RINL) has been deferred twice since the filing of the draft documents with the market regulator SEBI on May 18.

Govt may reserve 50% of RINL issue for retail subscription

The initial public offer (IPO) of Rashtriya Ispat Nigam (RINL) is likely to hit the market on October 16 and will remain open for subscription till October 18.

RINL issue to hit market on Oct 16, remain open for 3 days

The Rs 2,500-crore initial public issue of the state-run Rashtriya Ispat Nigam (RINL) is likely to hit the market on October 16 and will remain open for subscription till October 18.

Govt defers RINL's Rs 2,500-cr IPO

Rashtriya Ispat Nigam Ltd's Rs 2,500-crore initial public offering (IPO) has been put on hold by the government in view of the weak market conditions.

Fitch assigns grade 4 to Rashtriya Ispat Nigam IPO

Fitch Ratings has assigned 'Fitch 4(ind)' grade to Rashtriya Ispat Nigam Ltd's proposed Initial Public Offering out of a maximum of 'Fitch 5(ind)'.

RINL IPO to hit markets in a fortnight: Disinvestment Secy

The government is planning to launch the initial public offer (IPO) of RINL within a fortnight, a top official said on Wednesday.

RINL IPO may go ahead despite management's plea to defer it

State-run Rashtriya Ispat Nigam's appeal to defer its Rs 2,500 crore IPO in view of a fire at its plant killing 19 may go unheeded, with the Department of Disinvestment deciding to go ahead with the plan to launch the issue towards the end of this month.

RINL approaches Steel Ministry to defer Rs 2500 cr IPO

Rashtriya Ispat Nigam (RINL) has sought deferment of the government's Rs 2,500 crore share sale, saying the employee morale was low after the devastating fire at the company's Vizag plant that claimed 19 lives.

RINL IPO to be delayed further following fire incident

RINL management has approached the Steel Ministry to defer the IPO.