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Open
2 Sep 2016
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Close
7 Sep 2016
3
Allotment
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Listing
Wed, Sep 14, 2016
Price Band
₹38 per share
Issue Size
23,40,000 shares (agg. up to ₹9 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Sep 14, 2016
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.43x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Narayani Steels Ltd. | SME | ₹11.52 Cr | ₹32 | null | ₹33.40 | +4.37% | ₹4.18 (+0.24%) |
| Umiya Tubes Ltd. | SME | ₹2.00 Cr | ₹10 | null | ₹10.45 | +4.50% | ₹24.85 (-0.24%) |
| Bharat Wire Ropes Ltd. | Mainboard | ₹70.00 Cr | ₹45 | null | ₹45.55 | +1.22% | ₹200.38 (-2.45%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 7.00 |
| 2 | General Corporate Expenses | 1.56 |
| 3 | Issue Expenses | 0.33 |
About Riddhi Steel IPO
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.+ Read More
Contact Details
Riddhi Steel & Tube Ltd. Address83/84, Village-KamodPiplaj Pirana RoadRoad, Post-AslaliAhmedabad, Gujarat, 382427+91-79-27543974riddhiacc@rediffmail.comVisit Website