Rashtriya Ispat Nigam Ltd (RINL)-Visakhapatnam Steel Plant is conducting roadshows abroad for its Rs 2,500-crore IPO from October 2 to 4. Two teams are being sent abroad to conduct the shows in the US, the UK, Singapore and Hong Kong.
The IPO will hit the market on October 16 after finalisation of issue band by the Empowered Group of Ministers on October 9. The trade unions of RINL have called for strike on October 12 and 13 in protest against disinvestment. The roadshows in Mumbai and Chennai will be conducted after completion of the overseas campaign.