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IPO

IPO Details


Riddhi Steel & Tube Ltd
Registered Office: 83/84 Village Kamod Piplaj, Pirana Road Post-Aslali, Ahmedabad - 382427, Gujarat
Phone: 91-79-29700922
Email: info@riddhitubes.org
Website: www.riddhitubes.com
Public issue of 23,40,000 equity shares of Rs.10 each ("equity shares") of Riddhi Steel and Tube Limited ("RSTL" or The "Company" or The "Issuer") for cash at a price of Rs.38 per share (the "Issue price"), aggregating to Rs. 8.89 crores ("The Issue") of which, 1,26,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 22,14,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.22% and 26.71%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 38/- is 3.80 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
02-Sep-2016 07-Sep-2016 ₹ 38.00 ₹ 0.00
Minimum Application for shares in Nos : 3000.0 Further Multiples of : 3000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 8.89 Guiness Corporate Advisors Pvt Ltd
Project Financed through Current Offer 8.89
Post Issue Equity Share Capital 8.29
Issue Price ₹38.00
Projects
To meet the working capital requirements
General corporate expenses
Promoted By
Rajeshkumar R Mittal
Preeti R Mittal
Rajat R Mittal
Listing At
BSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

83,755.87 1,000.36 (1.21%)

Nifty

25,549.00 304.25 (1.21%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,325.41 -149.27(-0.61%)