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Riddhi Corporate Services Ltd IPO (Riddhi Corporate Services IPO) Detail

June 12, 2017 - June 15, 2017

Riddhi Corporate Services IPO is a fixed price issue of Rs 12.35 crores.

Riddhi Corporate Services IPO bidding started from June 12, 2017 and ended on June 15, 2017. The shares got listed on BSE SME on June 22, 2017.

Riddhi Corporate Services IPO price is ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000.

Gretex Corporate Services Limited is the book running lead manager of the Riddhi Corporate Services IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.

Refer to Riddhi Corporate Services IPO RHP for detailed information.

Riddhi Corporate Services IPO Details

IPO Date June 12, 2017 to June 15, 2017
Listing Date June 22, 2017
Face Value ₹10 per share
Price ₹130 per share
Lot Size 1000 Shares
Total Issue Size950,000 shares
(aggregating up to ₹12.35 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Riddhi Corporate Services IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹130,000
Retail (Max) 1 1000 ₹130,000
Lot Size Calculator

About Riddhi Corporate Services Ltd

Incorporated in 2009, Riddhi Corporate Services Ltd is engaged in Business Process Outsourcing (BPO) to serve the needs of Telecom, Banking, Govt Institutions, Insurance Companies rendering services to Telecommunication Service provider, Banking Sector, NonBanking Financing Institutions, E-Wallet Service provider etc.

Company commenced its business activities by rendering services to Telecommunication service providers. They provide services of Data Management, Collection and Handling of Customer Application Form (CAF), Audit of CAF, order entry of CAF, CAF Barcoding, Inward, Storage and Retrieval of Data, Temporary Indexing, Data Entry, Scanning, uploading and Sample image Audit at Spoke Level. In addition, they are rendering services of Collection of Dues, Retention, Bill Delivery management Services along with over dues amount from subscriber by way Tele
calling, Field visit, Address the Customer's Issue and retain the Customer, Escalation Management while collecting Overdue Amount.

Key Performance Indicator

Pre IPO Post IPO
P/E (x) 16

Objects of the Issue (Riddhi Corporate Services IPO Objectives)

The objects of the Issue are:

1. Acquisitions and Other Strategic Initiatives;
2. Capital expenditure;
3. General Corporate Purpose; and
4. Meeting Public Issue Expenses.

Riddhi Corporate Services IPO Review (Avoid)

[Dilip Davda]  Issue is aggressively priced, merchant banker has poor track record. Considering these, there is no harm giving this offer a miss. Read detail review...

Riddhi Corporate Services IPO Subscription Status (Bidding Detail)

The Riddhi Corporate Services IPO is subscribed times on June 15, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Riddhi Corporate Services IPO Prospectus

Riddhi Corporate Services IPO Rating

Rating:Rated 3.2 stars
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Riddhi Corporate Services IPO Listing Details

Listing Date June 22, 2017
BSE Script Code 540590
NSE Symbol
ISIN INE325X01015
Final Issue Price ₹130 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Riddhi Corporate Services Ltd Contact Details

Riddhi Corporate Services Ltd
10, Mill Officers Colony
Behind Old RBI,
Ashram Road, Ahmedabad- 380009
Phone: +91-79-26580767

Riddhi Corporate Services IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Riddhi Corporate Services IPO - Buy or Not

Riddhi Corporate Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Riddhi Corporate Services IPO FAQs

Riddhi Corporate Services IPO is a SME IPO of 950,000 equity shares of the face value of ₹10 aggregating up to ₹12.35 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000 Shares.

The IPO opens on June 12, 2017, and closes on June 15, 2017.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Riddhi Corporate Services IPO opens on June 12, 2017 and closes on June 15, 2017.

Riddhi Corporate Services IPO lot size is 1000 Shares, and the minimum amount required is ₹130,000.

You can apply in Riddhi Corporate Services 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 Riddhi Corporate Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Riddhi Corporate Services IPO allotment status.

The Riddhi Corporate Services IPO listing date is on June 22, 2017.
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Riddhi Corporate Services IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



9. MINTO |   Link |  Bookmark |August 24, 2017 6:19:10 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
i apply through sbi but i do one mistake
i want apply 80 share but i enter 800 share and 140000/ amt block then i go edit ipo and modified apply 80 amt. is block in lien .

friend when my amt.come in main balance.
8. Shristi jain |   Link |  Bookmark |July 26, 2017 11:53:49 AM
What was d opening price at listing day?
7. Rkjain |   Link |  Bookmark |July 19, 2017 2:41:56 PM
Retail 6.54, Total 4.15 Times at 2.30 PM
6. dark |   Link |  Bookmark |June 21, 2017 2:00:19 PM
Kisiko patahe gmp kitna he batao aur allotment DT. Kab he
5. STOCKT |   Link |  Bookmark |June 15, 2017 10:31:16 AM
Itna mehenga sme. Fair value 80 rs
4. aklion |   Link |  Bookmark |June 14, 2017 8:50:13 PM
it seems to b good ipo
gmp plz??
dear chittorgarah plz provide subscription data like ****
ur the king in main ipo but for sme data not too impressive
3. Umang ahd |   Link |  Bookmark |June 12, 2017 6:42:05 PM
Thisbis ahmedabad based compaby, with very limited business horizon..even existing business is shrinking..pls pls dobt apply at any cost..
2. DHIRAJLAL |   Link |  Bookmark |June 12, 2017 8:31:56 AM
apply yes or no ?
1. MB AHMEDABAD |   Link |  Bookmark |June 10, 2017 9:36:54 AM
Subject rate??