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Incorporated in 2006, 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.
Company process the steel through use of automated machines from its Plant and delivers ready to use cut and bend steel rods, prefabricated cages and other steel products required for construction activities. These products are mainly used in construction activities in various sectors like roads, power plants, ports, airports, housing, bridges, metros, monorails etc.
The object of the issue are:
1. To part finance the cost of enhancing the capacity at our existing facility at Khopoli, district Raigad, Maharashtra and the cost of setting up of new facilities near New Delhi and Raipur;
2. To meet the pre-operative expenses including Issue expenses;
3. To meet margin money requirements of working capital; and
4. To meet general corporate purposes.
IPO Date | Jun 27, 2011 to Jun 29, 2011 |
Listing Date | Jul 13, 2011 |
Face Value | ₹10 per share |
Price | ₹90 to ₹108 per share |
Lot Size | 60 Shares |
Total Issue Size | 3,217,157 shares (aggregating up to ₹34.75 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE |
QIB Shares Offered | 1930294 |
NII (HNI) Shares Offered | 579088 |
Retail Shares Offered | 1351206 |
Total Shares Offered | 3,860,588 |
The Readymade Steel India IPO lot size is 60 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 60 | ₹6,480 |
Retail (Max) | 30 | 1800 | ₹194,400 |
Lot Size Calculator |
CARE has assigned an IPO Grade 2 to Readymade Steel India IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Readymade Steel India IPO Grading Report
The Readymade Steel India IPO is subscribed 1.68 times on Jun 29, 2011 5:00:00 PM. The public issue subscribed 4.18 times in the retail category, 0.03 times in the QIB category, and 1.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 0.03 |
NII | 1.37 |
Retail | 4.18 |
Total | 1.68 |
Listing Date | Jul 13, 2011 |
BSE Script Code | 533482 |
NSE Symbol | KRIDHANINF |
ISIN | INE524L01026 |
IPO Price | ₹108 per share |
Price Details |
---|
IPO Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹108.00 |
₹115.00 |
₹62.30 |
₹117.75 |
₹66.45 |
Readymade Steel India Ltd
203, Joshi Chambers,
Ahmedabad Street,
Carnac Bunder, Mumbai 400 009
Phone: 91-022-67439360
Email: rms@readymadesteel.com
Website: http://www.readymadesteel.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: info@bigshareonline.com
Website: https://www.bigshareonline.com/
Readymade Steel India IPO is a main-board IPO of 3,217,157 equity shares of the face value of ₹10 aggregating up to ₹34.75 Crores. The issue is priced at ₹90 to ₹108 per share. The minimum order quantity is 60 Shares.
The IPO opens on Jun 27, 2011, and closes on Jun 29, 2011.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Readymade Steel India IPO opens on Jun 27, 2011 and closes on Jun 29, 2011.
Readymade Steel India IPO lot size is 60 Shares and the minimum order quantity is .
You can apply in Readymade Steel India 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 Readymade Steel India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Readymade Steel India IPO allotment status.
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