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Readymade Steel India Ltd IPO (Readymade Steel India IPO) Detail

Jun 27, 2011 - Jun 29, 2011

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.

Objects of the Issue:

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.

Readymade Steel India IPO Details

IPO Opening Date Jun 27, 2011
IPO Closing Date Jun 29, 2011
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹90 to ₹108 per equity share
Market Lot 60 Shares
Min Order Quantity 60 Shares
Listing At BSE
Issue Size3,217,157 Eq Shares of ₹10
(aggregating up to ₹34.75 Cr)

Readymade Steel India IPO Lot Size

The Readymade Steel India IPO market lot size is 60 shares. A retail-individual investor can apply for up to 30 lots (1800 shares or ₹194,400).

Application Lots Shares Amount (Cut-off)
Minimum 1 60 ₹6,480
Maximum 30 1800 ₹194,400

Readymade Steel India Ltd IPO Grading

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

Readymade Steel India IPO Subscription Status (Bidding Detail)

The Readymade Steel India IPO is subscribed 1.68 times on Jun 29, 2011 17:00. The public issue subscribed 4.18 in the retail category, 0.03 in the QIB category, and 1.37 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

0.03

NII

1.37

RII

4.18

Total

1.68

Readymade Steel India IPO Prospectus

Readymade Steel India IPO Rating

98
3.5
Rating:Rated 3.5 stars
Vote Here ...

Readymade Steel India IPO Listing Date

Listing Date Wednesday, July 13, 2011
BSE Script Code 533482
NSE Symbol KRIDHANINF
Listing In B Group of Securities
ISIN INE524L01026
IPO Price ₹108 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹108.00
₹115.00
₹62.30
₹117.75
₹66.45

Company Contact Information

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

Readymade Steel India IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: info@bigshareonline.com
Website: http://www.bigshareonline.com

Readymade Steel India IPO Reviews / Ratings

  • Hem Securities - Avoid

Readymade Steel India IPO Lead Manager(s)

Readymade Steel India IPO FAQs

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 equity 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 60 Shares.

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, Edelweiss, 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.

The Readymade Steel India IPO listing date is on Wednesday, July 13, 2011.

Readymade Steel India IPO Message Board

Ranked Members  Ranked Members

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51. SkDash |Jul 19, 2011 09:06
IPO Mentor IPO Mentor (600+ Posts)
Thanks CLD. That means it gave opp to investors to get out with 5-6% gain, Thats good. Otherwise one would be saved if he put a stop loss at issue price.
50. CLD |Jul 18, 2011 20:21
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
SkDash

It opened positive at 115 & went to max. 117.75. It remained between 4 to 6 % gain for around 2 hours before suddenly dropping to 100. After that there was no comeback. It slowly slid to 62.30 before closing at 66.45 with a loss of 38 % to its issue price.

I had not applied. However on listing I went long first but seeing the slide I shorted. Finally I could manage some gains in intraday trades.
49. sameerjaipur |Jul 18, 2011 18:11
SK Dash,
It gave almost 1.5-2 hours to exit. I sold some of my holdings at 115 but got big loss in remaining. We have to be very careful in these type of operator driven IPOs cos they can collapse anytime.
RMS went 90 odd from 108 within seconds.
48. SkDash |Jul 18, 2011 16:29
IPO Mentor IPO Mentor (600+ Posts)
it was only 35 cr issue and i thought it will rock. i was out of station on the date of listing and thats why could not watch it also.

Can anybody tell me whether it gave 10-15 min time to exit at issue price or more than that?
47. seenuipo |Jul 13, 2011 23:15
Top Contributor Top Contributor (200+ Posts)
Hai,Santhosh and other friends,
Today you might have earned lot of money in RMS by shorting immediately after crossing the issue price on down side as per the normal theory instead of making scolding.
I sold allotted 240 stocks at Rs 115/- and bought at 110/- and subsequently my order for selling of 480 stocks executed at 106 and covered the short stocks at Rs 80/-.

I don't want to scold anybody.Thank you BRLM for fixing the issue at high price so that I confidently made short once crossed issue price to make money.
Good luck in Bhartiya one can asses to make long or short.
Again same talk that it is over priced.

I feel one should not feel if it is over priced or under priced which will give plenty of opportunists .The only problem comes when it is reasonably price.In this case it is difficult to trade either long or short.
Thank you
46. SUPERIPO |Jul 13, 2011 17:45
DEAR INVESTERS,

AAP SUB NE HUMARE IPO ME PAISE INVEST KIYA IS KE LIYE DHANYAWAAD,
JINHONE HUMARE IPO ME PROFIT KIYA HO YA NA KIYA HO SABHI K LIYE
HUMNE AAJ RAAT 1 PARTY KA AAYOJAN KIYA HAI SABHI INVESTERS KO
HUMARA PYAR BHARA NIMANTRAN HAI,

PARTY ME HUM READYMADE S.I KA DUSRA FPO LANE WALE HAI,
USME SABHI INVESTERS KO 90% DISCOUNT MILEGA,

PARTY KA VENUE HAI
'LOOS NIVAS'
ANDERI SADAK,
KABRASTAN WALI STREET,
BUNGLOW NO 13.
MUMBAI

SABHI INVESTERS BHUKHE PYASE AAYE YAHA SABHI KO HUMARI TARAF SE
KHANA PINA DIYA JAYEGA,TAKI AAP APNA LOOS COVER KAR SAKE,
KHALO INVESTERS JISKA JITNA HO DUM.



FROM : READYMADE STEEL INDIA
45. KSK |Jul 13, 2011 13:20
EK bar PHIR LALOOOoooooooooooooooo banaya
Bar BAr Uluuuuuuuuuu bante hein
44. MGCA |Jul 12, 2011 12:21
Tomorrow i.e. 13th July, 2011 as per BSE site

43. my my |Jul 12, 2011 12:11
when listing??
42. Ipofinder |Jul 11, 2011 13:15
one more BSE listing
should have dhamaka listing
most of the shares are in the hand of operator

current gmp 5.5-6 Rs
41. m.l.a. |Jul 10, 2011 06:59
dearmymy, whatis the grey market premium of shri ram ncd what is the expected listing o rms, thanks.
40. my my |Jul 9, 2011 21:20
gmp 6 all buyer at ahmedabad-sakarbazar. Enjoy all.
39. m.l.a. |Jul 9, 2011 07:49
dear ipofinder what is the current premium in rms in jaipur, kindly post before listing, thanks
38. vinod v |Jul 8, 2011 19:50
readymade allotment is out you can check on bigshareonline.com
803 share in 2 lakh application............
37. my my |Jul 8, 2011 12:37
gmp 4rs all buyer
36. sameerjaipur |Jul 7, 2011 14:35
For me, game over in Rushil.Now it's Readymade's turn.
35. IPO IPO KING |Jul 4, 2011 15:54
jiska cheque 1 bar return hua uska dusri bar cheque aaj a/c me aya hai.koi bank dusri bar cheque dalti nai hai.issue me dum nahi hai.murkh banane wali bat hai. issue ka do bar cheque bank me ata hai khabhi suna hai.aaj mere a/c me dusri bar cheque aya hai. chor company hai.
34. Ali bhoy sakarbazar wala |Jul 1, 2011 15:43
NEW IPO
BHARTIYA GLOBAL
JULY 11 TO 14 JULY
33. keyur patel |Jun 30, 2011 18:37
IN PROSPECT DATE OF INTEREST PAYMENT IS 1 APRIL 2012

WHAT IS IT'S MEAN

IS WE GET WHOLE ANNUAL INTEREST OF 116 PER BOND?

PLEASE GUIDE ME IF ANY ONE HAVE ANY INFORMATION.
32. SAJAI |Jun 30, 2011 16:31
The public issue pipeline is at its driest in two years. According to the website of market regulator Sebi, only 11 companies have filed for initial public offerings between April and June. Five others have filed offer documents for rights issues. None of these issues have been cleared by Sebi yet.Even state-owned companies, which have dominated the primary market for the past two years, stayed away.

Choppy equity markets and an uncertain outlook have put off most issuers, say experts.