Readymade Steel India IPO Latest News Today

Readymade Steel India IPO shares will list on Wednesday, July 13, 2011. Issue price of this IPO has been fixed at Rs 108/- per share. IPO was oversubscribed by 1.68 times (4.18 times in retail) on closing day.

Readymade Steel India IPO Listing Date

Listing Date: Wednesday, July 13, 2011
BSE Scrip Code: 533482
Listing In: 'B' Group of Securities
ISIN: INE524L01018
Issue Price: Rs. 108.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Readymade Steel India IPO allotment status is now available online.

Readymade Steel India IPO was open on Jun 27, 2011 and closed on Jun 29, 2011. IPO was oversubscribed by 1.68 times (4.18 times in retail) on closing day.

Readymade Steel India IPO finally subscribed 1.68 times on its closing day. Readymade Steel India IPO was open on June 27, 2011 and closed today on Jun 29, 2011 for subscription. Readymade Steel India has received bids for 65,03,820 shares as against issue size of 38,60,588 shares.

Subscription Detail for Day 3 (Closing day)

Qualified Institutional Buyers (QIBs): 0.03 Times
Non Institutional Investors: 1.37 Times
Retail Individual Investors (RIIs): 4.18 Times

Total: 1.68 Times

Readymade Steel India IPO remain unsubscribe on day 2 due to lack of interest shown by Qualified Institutional Buyers (QIBs). Readymade Steel India IPO subscribed 0.38 times on its day 2. Readymade Steel India IPO was open on June 27, 2011 and will close on Jun 29, 2011 for subscription. Readymade Steel India has received bids for 14,85,660 shares as against issue size of 38,60,588 shares.

Subscription Detail for Day 2

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 0.42 Times
Retail Individual Investors (RIIs): 0.92 Times

Total: 0.38 Times

Readymade Steel India IPO subscribed 0.05 times on its day 1. Readymade Steel India IPO opens on June 27, 2011 and will close on Jun 29, 2011 for subscription. Readymade Steel India has received bids for 1,84,140 shares as against issue size of 38,60,588 shares.

Subscription Detail for Day 1

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 0.00 Times
Retail Individual Investors (RIIs): 0.14 Times

Total: 0.05 Times

Readymade Steel India Ltd is entering in the capital markets with an initial public offering, IPO of 34.75 crores. The price band for the issue has been fixed at Rs 90/- at lower level and Rs 108/- at upper level.

Readymade Steel India Ltd is engaged in the business of steel service provider to the infrastructure sector. Readymade Steel India have an installed capacity of 27000 MTPA for processing of steel used in the construction industry primarily reinforcement bars into various shapes and sizes like cranked bars, stirrups, verticals, column /beam cages etc.

The issue opens on Jun 27, 2011 and closes for subscription on Jun 29, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE).