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Riddhi Steel & Tube Ltd IPO (Riddhi Steel IPO) Detail

Sep 2, 2016 - Sep 7, 2016

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.

Objects of the Issue

The objects of the Issue are: Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.

1. To meet the working capital requirements;
2. General corporate expenses;
3. Issue Expenses.

Riddhi Steel IPO Details

Riddhi Steel IPO Date Sep 2, 2016 to Sep 7, 2016
Riddhi Steel IPO Face Value ₹10 per share
Riddhi Steel IPO Price ₹38 per share
Riddhi Steel IPO Lot Size 3000 Shares
Issue Size2,340,000 shares of ₹10
(aggregating up to ₹8.89 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Mr. RajeshKumar R. Mittal
2. Ms. Preeti R. Mittal
3. Mr.Rajat R.Mittal
4. Ms.Riddhi R.Mittal

Riddhi Steel IPO Lot Size

The Riddhi Steel IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹114,000
Retail (Max) 1 3000 ₹114,000

Riddhi Steel IPO Review

Based on latest earnings as per prospectus, the issue appears to be fully priced. However, risk savvy cash surplus investors may consider investment for long term. Read detail review...

Riddhi Steel IPO Prospectus

Riddhi Steel IPO Rating

26
3.5
Rating:Rated 3.5 stars
Vote Here ...

Riddhi Steel IPO Listing Date

Listing Date Wednesday, September 14, 2016
BSE Script Code 540082
NSE Symbol
Listing In MT Group of Securities
ISIN INE367U01013
IPO Price ₹38 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹38.00
₹37.70
₹37.50
₹38.50
₹37.65

Company Contact Information

Riddhi Steel & Tube Ltd
83/84, Village - Kamod,
Piplaj Pirana Road,
Road, Post - Aslali, Ahmedabad
Phone: +91-79-27543974
Email: riddhiacc@rediffmail.com
Website: http://www.riddhitubes.com

Riddhi Steel IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: riddhisteel.ipo@karvy.com
Website: https://karisma.kfintech.com/

Riddhi Steel IPO Review

Riddhi Steel IPO Recommendation Summary

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Riddhi Steel IPO FAQs

Riddhi Steel IPO is a SME IPO of 2,340,000 equity shares of the face value of ₹10 aggregating up to ₹8.89 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 2, 2016, and closes on Sep 7, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Riddhi Steel IPO opens on Sep 2, 2016 and closes on Sep 7, 2016.

Riddhi Steel IPO lot size is 3000 Shares and the minimum order quantity is .

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

The Riddhi Steel IPO listing date is on Wednesday, September 14, 2016.
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Riddhi Steel IPO Message Board

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8 Comments

8. STOCKT |   Link |Sep 15, 2016 12:46:14 PM
wtf is this

Guiness , how dare you have guts to come with sme.
you shd have banned urself before coming out next time for any sme.

shame on u.
7. Dinesh Analyst |   Link |Sep 7, 2016 11:13:43 AM
one More NSE SME i.e

HUSYS CONSULTING LIMITED

ISSUE OPENS ON : SEPTEMBER 09, 2016

ISSUE CLOSES ON : SEPTEMBER 19, 2016

Price Band 69 and Lot size
6. k.s.shah |   Link |Sep 6, 2016 2:17:24 PM
Price band Rs.205 - 207.
5. DURAISWAMY |   Link |Sep 2, 2016 4:43:46 PM
AMSONS APPARELS SME IPO IS TRADING BELOW ITS ISSUE PRICE FOR PAST ONE YEAR NO BONUS NO DIVIDEND MY 1 LAKH IS LOCKED BEWARE

. If you have doubt go back to FUNNY SOFTWARE FORUM. NOW MY AMOUNT RS 140000. IS STUCK. I DO NOT KNOW WHAT TO DO. NO BUYERS ONLY SELLERS . BE CAREFUL.
4. Jain guru |   Link |Sep 2, 2016 10:43:17 AM
Is issue me gmp me kam ho raha he ya nahi plesae koi batai
3. bvj |   Link |Sep 2, 2016 8:08:26 AM
Worth buying shares
2. neha saxena |   Link |Sep 1, 2016 11:39:43 PM
Why there is no discussion on this ipo?
1. CAN |   Link |Sep 1, 2016 11:31:09 AM
http://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=1173&type=FPO&idtype=1&status=F&IPONo=1246&startdt=9%2f2%2f2016