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Riddhi Steel IPO is a fixed price issue of Rs 8.89 crores.
Riddhi Steel IPO bidding started from September 2, 2016 and ended on September 7, 2016. The shares got listed on BSE SME on September 14, 2016.
Riddhi Steel IPO price is ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the Riddhi Steel IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Riddhi Steel IPO RHP for detailed information.
IPO Date | September 2, 2016 to September 7, 2016 |
Listing Date | September 14, 2016 |
Face Value | ₹10 per share |
Price | ₹38 per share |
Lot Size | 3000 Shares |
Total Issue Size | 2,340,000 shares (aggregating up to ₹8.89 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 5,950,252 |
Share holding post issue | 8,290,252 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹114,000 |
Retail (Max) | 1 | 3000 | ₹114,000 |
Lot Size Calculator |
Incorporated in 2002, Riddhi Steel and Tube Ltd is engaged in the manufacturing of black and galvanized steel pipes. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.They also manufacture steel square hollow sections (SHS) and rectangular hollow sections (RHS) in a various size and thickness.
Company's products are used in water, oil, air and gas transportation, agro based industries, public health, construction, structural, scaffolding, and irrigation and engineering industries and power sector, fire fighting applications, etc. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.The major customers of the Company are Standard Belex india pvt ltd, Vijay Sales corporation, Chetak Tube Traders Ghanshyam Traders, Arham Steel Trader and Veer Brothers.
The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.
1. To meet the working capital requirements;
2. General corporate expenses;
3. Issue Expenses.
[Dilip Davda] Based on latest earnings as per prospectus, the issue appears to be fully priced. However, risk savvy cash surplus investors may consider investment for long term. Read detail review...
Listing Date | September 14, 2016 |
BSE Script Code | 540082 |
NSE Symbol | |
ISIN | INE367U01013 |
Final Issue Price | ₹38 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹38.00 |
₹37.70 |
₹37.50 |
₹38.50 |
₹37.65 |
Riddhi Steel & Tube Ltd
83/84, Village - Kamod,
Piplaj Pirana Road,
Road, Post - Aslali, Ahmedabad
Phone: +91-79-27543974
Email: riddhiacc@rediffmail.com
Website: http://www.riddhitubes.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: riddhisteel.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Riddhi Steel IPO is a SME IPO of 2,340,000 equity shares of the face value of ₹10 aggregating up to ₹8.89 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 2, 2016, and closes on September 7, 2016.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Riddhi Steel IPO opens on September 2, 2016 and closes on September 7, 2016.
Riddhi Steel IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Riddhi Steel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Riddhi Steel IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Riddhi Steel IPO allotment status.
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STOCKT| Link | Bookmark |September 15, 2016 12:46:14 PMGuiness , how dare you have guts to come with sme.
you shd have banned urself before coming out next time for any sme.
shame on u.